On Tuesday the House passed the Republican Tax Plan by a 227-203 margin. Politico Tax Reporter Aaron Lorenzo explains the path forward for this legislation in the Senate, and how individuals and corporations will be impacted.
Lorenzo says he expects the GOP plan to pass the Senate, and signed by President Trump before the end of the year. The bill is a $1.5 Trillion tax cut which nearly doubles standard deduction, and cuts the corporate tax rate from 35 percent to 21 percent. Lorenzo says he expect retail to be a big winner, because they do not face a big margin.
According to a recent Gallup Poll, more than half of Americans say the proposed tax cuts would not help their families financial situation, and would not help the U.S. economy.
A first-of-its-kind federal investigation has found two hospitals put a pregnant woman's life in jeopardy and violated federal law by refusing to provide an emergency abortion when she experienced premature labor at 17 weeks.
President Joe Biden is set to host President Ferdinand Marcos Jr. of the Philippines for White House talks Monday as concerns grow about the Chinese navy's harassment of Philippine vessels in the South China Sea.
While doctors fear the dangers of untrained people managing their own hormone replacement therapy, a growing number of transgender people say they see no other option for life-saving care.
Abortion bans in deeply conservative Nebraska and South Carolina each fell a single vote short of passing in their legislatures amid heated debates among Republicans.
Senate Republicans on Thursday blocked a Democratic measure to revive the Equal Rights Amendment, dealing yet another blow to supporters who have pushed for more than five decades to amend the Constitution to prohibit discrimination based on sex.
Former Vice President Mike Pence testified Thursday before a federal grand jury investigating efforts by then-President Donald Trump and his allies to overturn the results of the 2020 presidential election, according to a person familiar with the matter.
Iran reportedly seized another oil tanker in the Gulf of Oman, according to the U.S. Navy.
Transgender lawmaker Zooey Zephyr was barred from participating on the House floor as Republican leaders voted Wednesday to silence her for the rest of 2023 session.
The DeSantis board said Disney’s move to retain control over their property was effectively unlawful and performed without proper public notice.
