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Farenthold retiring from House amid harassment accusations

“Last week, three lawmakers facing accusations of sexual harassment announced their resignations” writes The Associated Press for seattletimes.com. Farenthold’s decision comes as congressional leaders have shown little desire for lawmakers facing credible harassment allegations to remain in Congress as 2018 elections roll into view. Source: seattletimes.com Share This:

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House passes bill requiring more transparency on US aircraft sales to Iran

“The bill is another effort by lawmakers to highlight how U.S. sales of aircraft to Iran might boost the regime’s terrorist activities in the Middle East” writes Joel Gehrke for washingtonexaminer.com. Republicans emphasized that the legislation does not bar any aircraft sales to Iran.But the debate over the bill reflected dueling views of whether the legislation would break U.S. commitments under the Iran nuclear deal, also known as the Joint Comprehensive Plan of Action. Source: washingtonexaminer.com Share This:

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Republican lawmakers dropped a part of the tax bill graduate students were freaking out about

“And graduate students across the country have mobilized protests and other actions to oppose the new tax on tuition waivers” writes Andrew Kreighbaum for businessinsider.com. Another proposal in the House tax bill reportedly left out of a final tax package, the elimination of student loan interest deductions, would exacerbate the debt loads of student borrowers, APLU said.Both provisions were included in House tax legislation passed last month but left out of a bill that narrowly cleared the Senate Dec. 2. Source: businessinsider.com Share This:

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Republicans reach final deal on taxes: 21 percent corporate rate, lower rate for wealthy

“Although the corporate tax rate would be one percentage point higher than promised, corporations would have the advantage of the rate becoming effective in 2018” writes Susan Ferrechio for washingtonexaminer.com. In settling for a slightly higher corporate tax rate, negotiators defied the warnings of Florida Sen.Republicans compromised on the original goal of a 20 percent corporate rate to free up revenue to dedicate to more tax relief for high-income individuals.Marco Rubio, who had said that revenues from a higher corporate rate should be dedicated to expanding the child tax credit. Source:…

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The Republican lobbyist working on the inside to preserve the tax loophole for foreign insurance companies

“According to FEC records, Angus actually lobbied on behalf of the Association of Bermuda Insurers & Reinsurers in 2006” writes Philip Wegmann for washingtonexaminer.com. One provision still up for consideration allows foreign insurers to avoid paying American taxes on life insurance policies sold to American consumers in American markets.According to Federal Election Commission records, consulting powerhouse Ernst and Young is leading the charge to save the loophole. Source: washingtonexaminer.com Share This:

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Banging pots and pans in the street, protesters condemn GOP tax bill

“KALAMAZOO, MI — Some Kalamazoo residents would rather bang together kitchenware in a snow storm than see a Republican tax bill be signed into law” writes Malachi Barrett for mlive.com. House and Senate Republicans are close to a preliminary agreement on a consensus tax bill late Wednesday, according to various national news outlets.Fred Upton’s 6th District Congressional seat took to the streets Wednesday to protest a GOP tax reform bill.The House and Senate versions of the bill are being reconciled by a Congressional conference committee that features Upton as a member.In Wednesday remarks…

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How a Washington state family ended up next to Trump at his White House tax speech

“A friend, who works for a state representative in Thurston County, asked if Howard and her family wanted to go to Washington to appear with President Donald Trump at his speech about the new federal tax proposal” writes Susan Kelleher for seattletimes.com. Later, in an interview, she said she wasn’t sure how the White House calculated the family’s new tax bill, or what provisions were changed to produce the savings. “They said Mr.President Donald Trump told Issac and Emily Howard that the tax plan being negotiated in Congress would eliminate…

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Ethics subcommittee will investigate Blake Farenthold harassment claim

“The four lawmakers who will sit on the investigative subcommittee were named on the House floor earlier Wednesday” writes Susan Ferrechio for washingtonexaminer.com. The House Ethics Committee has empaneled a bipartisan group of lawmakers to investigate Rep.A second investigative subcommittee was also named by the House reading clerk but it’s not clear what that group of lawmakers will be investigating. Source: washingtonexaminer.com Share This:

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Trump: Americans could start seeing tax cuts in February

“We’re very close to voting,” Trump said earlier Wednesday, during a meeting with bicameral tax reform conferees” reports washingtonexaminer.com. President Trump delivered his final pitch for tax reform in remarks from the White House on Wednesday, during which he claimed Americans could see “bigger paychecks” as soon as February if congressional Republicans pass their tax bill next week.But McConnell and Ryan have signaled that they intend to move forward quickly to help the White House fulfill its promise to deliver tax cuts by Christmas.It was not immediately clear whether the…

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Trump: ‘Days away’ from giving America ‘giant tax cut for Christmas’

“The top tax rate currently applies to income above $470,000 for married couples, though lawmakers are completely reworking the tax brackets” writes Associated Press for suntimes.com. Trump was making a pitch Wednesday for the tax plan, which is unpopular with many.Negotiators also agreed to set the corporate income tax rate at 21 percent.Trump has asserted that the plan will lower tax rates for individuals and spur job growth, helping American families.In a flurry of last-minute changes, negotiators agreed to cut the top tax rate for individuals from 39.6 percent to…

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