David Sherfinski

Marco Rubio, other conservatives push for expansion of child tax credit

As Republicans close in on finishing up the budget process, they will soon have to confront a number of under-the-radar tax issues that could well inflate the price tag of their overhaul even more, such as how much to expand the child tax credit and how much interest on debt they'll let businesses deduct.

October 22, 2017

Senate passes $4 trillion budget blueprint in crucial step for Trump’s tax overhaul

Senate Republicans powered their budget through Thursday night, adopting a fiscal year 2018 plan that would clear the path to get a massive tax deal done relying only on GOP votes, setting the stage for Republicans next big-ticket agenda item.

October 19, 2017

Rand Paul’s attempt to cut defense spending defeated

The Senate on Thursday soundly rejected Sen. Rand Paul's attempt to cut $43 billion in defense spending out of the 2018 budget plan, after he had pitched it as a way to try to rein in government spending even further.

October 19, 2017

Senators move closer to final passage of 2018 budget

The Senate on Thursday was moving toward the final passage of a federal budget for fiscal year 2018, as Republicans look to unlock the process for getting a massive tax deal done without having to bother working with Democrats.

October 19, 2017

Pat Tiberi announces plans to resign from Congress

Rep. Pat Tiberi, a member of the tax-writing House Ways and Means Committee, announced Thursday he is not seeking re-election in 2018 and will leave Congress by the end of January.

October 19, 2017

Senate rejects Democratic budget amendments to hike taxes, boost entitlement spending

The Senate on Wednesday turned aside several Democratic budget amendments that sought to offset a boost in entitlement spending with higher taxes, as Republicans speed toward passage of their budget plan to clear the way for their long-sought tax overhaul.

October 18, 2017

Steven Mnuchin: No ‘artificial deadline’ for tax reform

As the Senate prepares to pass its budget outline this week, Republicans are grappling with expectations on the time frame for getting tax reform done, with administration officials acknowledging the exercise could ultimately slip into next year at this point.

October 18, 2017

Senate budget, key to tax reform, passes initial test vote

Senate Republicans' 2018 budget plan survived an initial test vote Tuesday, but sniping between deficit and defense hawks leaves GOP leaders with a narrow margin for error as they look for final passage later this week, hoping to clear a path for their tax overhaul plans.

October 17, 2017

Donald Trump pushes for end-of-year deadline for tax reform

President Trump on Monday seemed to be pushing back a year-end deadline for the GOP to get tax reform done, saying there's still "a long way to go" and that it took President Ronald Reagan "years" to accomplish his overhaul of the tax code.

October 16, 2017

Mark Walker introduces charity tax deduction bill

Republicans are looking for ways to prop up donations amid complaints from charities that the GOP's tax reform could hurt their bottom lines.

October 15, 2017

GOP, housing industry battle over proposed tax reform plan

The special interest onslaught against the GOP's tax plan has begun, with the nation's housing industry lobbying feverishly for Republicans to scrap their plans to expand the standard deduction or at least to soften the potential blow they say is on the horizon for homeowners.

October 12, 2017

Paul Ryan: I ‘can’t imagine’ we won’t get Democratic votes for tax reform

House Speaker Paul D. Ryan on Thursday expressed confidence that there will be bipartisan support for the GOP's planned tax overhaul, saying it's hard to imagine that Democrats from states like Indiana and North Dakota would ultimately vote against their constituents.

October 12, 2017

Pentagon budget divides Republican defense, deficit hawks

With the House and Senate on track to finalize a budget later this month, Republicans are facing another round in the long-running fight between defense hawks, who say the Pentagon needs more funding no matter the cost, and fiscal hawks, who say deficits must be constrained.

October 9, 2017