Breaking: Congress Misses Deadline to Prevent Shutdown
The midnight deadline for preventing a government shutdown has passed, following a failed Senate vote to advance the House GOP’s stopgap measure.
There is a chance that some kind of measure could be reached during the weekend, as late ...
Breaking: Last-Minute Shutdown Talks with Chuck Schumer at White House
The President has just invited Chuck Schumer to the White House for last-minute talks aimed at trying to avert a government shutdown.
Following the move by GOP leadership to send House members home for the weekend, the Senate will need ...
Trump’s Confused Infrastructure Strategy
Infrastructure is the magic word that animates both the Bannonistas and the Sandersniks. It has long been a priority for Donald Trump, who, during his primary campaign, proposed a roads program modeled on the New Deal’s Works Progress Administration. ...
Tax Bill Heads to Trump's Desk After Passing in House and Senate
The Republican tax bill passed in the House today after a Senate vote last night (and another House vote, which needed to be repeated due to a technicality.)
The bill marks the first major legislative victory for party leadership this ...
Here Are the Details of the Republicans' Final Tax Bill
GOP leadership has just filed its final version of the reconciled tax reform bill. The bill, which had been secret until today, underwent a number of changes throughout the week. Here are some of the key alterations:
The new tax ...
Breaking: Rubio a 'No' Vote on Tax Bill Unless Child Tax Credit Increases
Senator Marco Rubio (R-FL) says that he will vote against the GOP tax bill, unless refundability of the child tax credit increases from its current $1,100, a choice he calls “Not tough at all.”
Rubio came to the decision after party ...
Senate and House GOP Make Tax Deal
House and Senate GOP leadership have reached a preliminary deal on the tax bill. While the deal harmonizes provisions that have passed both the Senate and House, it is possible that it will raise the ire of some legislators who ...
What’s Next for the GOP Tax Plan?
The Senate GOP’s tax bill was passed in the middle of the night last Friday. By the end of the process, the bill had changed considerably from the one that had been approved in committee before the Thanksgiving recess — ...
We Had To Pass the Bill To See What's In It
Who would have thought that manually amending a multi-trillion-dollar tax-cut bill in the wee hours of the morning would pose problems?
It turns out that when the JCT economists were pulled from their beds last Friday night to score and ...
Senate Tax Bill Just Passed, 51 to 49
The Senate version of the Tax Cuts and Jobs Act just passed, 51 to 49.
Susan Collins Declares Support for Tax Bill but Bob Corker Remains Opposed, Citing Deficit
Susan Collins issued a statement declaring her support for the Senate tax bill. With Collins’s support, the Senate GOP no longer needs a tie-breaker vote from the Vice President to pass the bill.
After securing significant changes, as well ...
JCT: Senate Tax Plan Means $1 Trillion in Additional Deficits and Less Than 1 Percent Added GDP Growth
The Joint Committee on Taxation just released its macroeconomic analysis of the Senate tax plan. On the whole, it estimates a total of $400 billion in increased revenue from growth, which offsets $1.4 trillion in additional deficits, bringing revenue loss to around $1 ...
Holdout Senators Ron Johnson and Bob Corker Pass Tax Bill Through Committee
Following a White House lunch meeting, the Senate tax bill was advanced through committee by a 12-11 party line vote. The committee included two Republican senators, Ron Johnson of Wisconsin and Bob Corker of Tennessee, who had threatened to oppose ...
Roy Moore’s Polling: An Update
A new FiveThirtyEight polling roundup reveals that the drop in Moore’s support immediately after allegations emerged of molestation and improper relationships by the former judge was not a one-off.
He has seen a steady decline in support since, moving ...
House and Senate Tax Plans: A Comparison
With the House version of the GOP tax reform passed and the Senate version approved by the Finance Committee, we are getting closer to landing a bill on the president’s desk. Once the Senate finishes and passes its bill, ...
The Disgraceful Private-Jet Tax Break in the Senate Republicans’ Tax Plan Was Introduced by a Democrat
A provision in the Senate tax bill grants a tax break to private-jet owners. It has been rightly mocked throughout the media and Twittersphere . . . but lost in the indignation is the rightful target.
While the Republicans deserve criticism for including ...
Bad Arguments Don’t Help Us Debate Bad Policy
I’m a skeptic of the Republicans’ tax plan. I think that it’s unwise to blow up the deficit outside of a recession in the hopes that sudden economic growth will rebalance the budget.
Dishonest arguments against the plan, ...
Roy Moore’s Campaign Just Held a Bizarre, Self-Contradictory Press Conference
Roy Moore dispatched his campaign chairman, Bill Armistead, and his longtime attorney Philip Jauregui today, with instructions to hold a press conference in Birmingham.
The seven-minute conference was ostensibly to provide answers to the litany of sex-crime allegations against the ...
In one of those routine reminders that our cultural commitment to free markets is sometimes more rhetoric than reality, the Commerce Department has decided to impose tariffs of 97 percent to 162 percent on Chinese made aluminum foil. This is a rise ...
‘Taxes Would Fall for All Income Groups on Average’ Says Tax Policy Center
The Tax Policy Center has corrected and reissued their previously withdrawn analysis of the “Tax Cuts and Jobs Act” currently in Congress.Their new preliminary analysis estimates a “decline on average across all income groups” in taxes, of an average ...
AP: House panel approves GOP tax reform
This just in:
BREAKING: House panel approves GOP legislation to deeply cut taxes for corporations, double standard deduction, simplify tax code
— AP Politics (@AP_Politics) November 9, 2017
What Just Changed in the Tax Legislation?
On Monday night, the House Ways and Means Committee passed by party line vote a proposed amendment to the GOP tax plan by Rep. Kevin Brady (R-TX).
This evening vote followed the Tax Policy Center’s retraction of its estimate ...
'We Made Some Progress', says Schumer After Trump Meeting on Shutdown
After his meeting at the White House to discuss the temporary funding bill to avert a government shutdown, Chuck Schumer told reporters that they “made some progress but we still have a good number of disagreements”.
While no deal is ...
Breaking: Shutdown Likely as House Republicans Go Home for the Weekend
The House voted 230-197 last night for a stopgap measure to avoid a shutdown, in a vote that included six Democrats’ support and 11 Republicans’ opposition.
Following the vote, House Majority Leader Kevin McCarthy (R-CA) announced this morning that GOP leadership ...
‘Raw Water’ Makes a Mockery of Human Suffering
Every few months, there’s a new trend that promises life-changing health benefits — a spice, or a juice, or another mundane consumable, often with an Indian or East Asian name thrown in to make it seem ancient and exotic. We ...
Most Americans Believe False Claims about the Tax Bill
After the GOP’s tax proposal was finalized, a familiar cry rang out: The bill will raise taxes on all but the richest . . . in 2027. Which just happens to be after the tax cuts are set to expire, a gimmick designed ...
Senate GOP All In On Tax Bill
The Senate GOP is now united in support of the party’s tax plan.
Senators Rubio (R-FL) and Scott (R-SC) announced their support after securing an increase in child tax credit refundability, which they have been pushing for throughout the ...
If Passed, GOP Tax Reform to Take Effect in February
In remarks at the White House a few minutes ago, President Trump announced that the GOP tax plan will go into effect in February, if it is passed.
Details about the finalized bill should be released later today.
Speaker Paul Ryan made an appearance on Ross Kaminsky’s radio program last week to make a pitch for the recent GOP tax plans. After the host brought up that the debt had roughly doubled under Bush and then again ...
Pentagon to Conduct Its First Agencywide Audit
The Defense Department will conduct an agencywide financial audit for the first time in history, following requirements in the 2010 National Defense Authorization Act. In a conference yesterday, the Pentagon committed to annual audits, with reports to be issued in November.
‘Neither Slavery Nor Involuntary Servitude…’
Today we celebrate one of the great milestones of American history, the abolition by law of our national “original sin” of slavery. Ratified on December 6, 1865, the 13th Amendment followed soon after the end of the Civil War.
Neither slavery nor ...
Breaking: Senate Says No on Rubio-Lee
The Senate just voted to reject the Marco Rubio-Mike Lee child tax credit amendment to the GOP Senate Tax Bill by 71 to 29.
The amendment would have made the child tax credit refundable against the payroll tax, resulting in higher immediate ...
What Happened in Today's Tax Debate?
After advancing through committee on Wednesday and proceeding to debate last night, today the Senate GOP’s tax bill reached the floor for discussion and proposed changes.
The morning debate was largely uneventful, save for former holdout Senator John McCain’...
Breaking: Senate Tax Bill Proceeds to Debate and Voting
After multiple delays, the vote to let the Senate tax bill proceed to voting and 20 hours of debate was finally held this evening, passing on a party-line basis.
Several skeptics of the bill, such as Senators Bob Corker and James ...
Republicans Against the Tax Bill
A number of Republican senators have expressed strong reservations about the tax-reform bill currently under consideration in the upper house. While there are only a handful of dissenters, the narrow 52–48 majority in the Senate means that the party cannot afford ...
Are Congress’s Tax Plans Designed to Benefit Trump?
One of the stupider tendencies within our political discourse is to label mundane GOP policies as novel parts of the “Trump agenda.” I can’t make much of the idea that a man who thinks judges sign bills into law ...
Which Taxes? A Clarification
Commentator Sally Kohn seems confused. She attacks the bipartisan consensus (here’s the Democratic Ways and Means Committee dissenting from the GOP tax bill but supporting corporate tax reform) that the US’s corporate taxes are too high by citing ...
Senate Finance Committee Approves GOP Tax Bill
The Senate Finance Committee voted last night on a 14–12 party-line vote to approve the Senate version of the GOP tax bill.
It will come to the Senate floor after the Thanksgiving recess for further debate and consideration.
It features significant ...
Nancy MacLean’s Deceitful Democracy in Chains Fails to Win National Book Award
It is with great relief that I announce that Duke University professor Nancy MacLean did not win the National Book Award for Nonfiction, for which her book Democracy in Chains was a finalist.
MacLean casts the Nobel Prize–winning economist ...
Blue Dogs: We Can't Support Tax Reform if it Adds Trillions to Deficit
The Blue Dog Coalition, a conservative caucus in the Democratic Party, has come out in opposition to the proposed tax reform.
“We simply cannot support a bill that, by every kind of measurement, has been determined to add over $2 trillion ...
Who Still Likes Roy Moore?
Can Roy Moore win in Alabama, despite the well-researched and corroborated allegations of sexual misconduct that have engulfed his campaign? To listen to some Republican officials in the state, Moore is a victim even if he is guilty. Indeed, some ...
'People Don’t Realize What We’re Going to Lose with the Loss of Religion'
What challenges does secularism pose to people of faith? This was the topic of the inaugural event of Baylor University’s Robert P. George initiative, supported by the Witherspoon Institute and the American Enterprise Institute’s Values & Capitalism initiative.
The CBO Takes Another Look at the Mandate and Deficit
The Congressional Budget Office released its updated estimate on the effects of repealing the ACA’s individual mandate last night. Its differences from the previous report, issued in December, have raised eyebrows as they show a smaller deficit reduction and ...