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 federal judge on Tuesday will consider whether Texas can keep a floating barrier on the U.S.-Mexico border as both the Biden administration and Mexico push to remove Republican Gov. Greg Abbott's latest hardline measure to deter migrants from crossing.
As the Biden administration makes billions of dollars available to remove millions of dangerous lead pipes that can contaminate drinking water and damage brain development in children, some states are turning down funds.
It's almost time for the first debate among Republicans competing for their party's 2024 presidential nomination. Here's all of the information on how to watch.
Canadian Prime Minister Justin Trudeau accused Facebook on Monday of putting profits over people’s safety during the emergencies created by Canada’s record wildfire season.
For foreign workers, Lahaina was an oasis. But after fires whipped by hurricane-force winds leveled the town earlier this month, many have lost their lives, livelihoods and even their documents.
Authorities in Georgia said Thursday they're investigating threats targeting members of the grand jury that indicted former President Donald Trump and 18 of his allies.
Nine current or former Northern California police officers were charged Thursday in a federal corruption investigation that found evidence they committed civil rights violations and fraud in an effort to get a pay raise and lied on reports to cover up the use of excessive force, U.S. authorities said.
President Joe Biden opened a historic summit with Japan and South Korea at Camp David on Friday focused on strengthening security and economic ties at a time of increasing concerns about North Korea’s persistent nuclear threats and China’s provocations in the Pacific.
