taxes

Opinion: Historic Tax Reform is Working
Unemployment is down and wages are up

Workers at a plant in Louisville, Kentucky, install visors on a Ford Expedition SUV in 2017. More Americans are going to work because of the Texas Cut and Jobs Act, writes Rep. Roger Williams, R-Texas. (Photo by Bill Pugliano/Getty Images file photo)

Unemployed, jobless, out-of-work — words that far too many of our friends and neighbors know all too well. Whether you’re a mother or father with a family to feed, or an individual working to pay off student-loans, the face of unemployment is ruthless and does not discriminate.

However, thanks to the Tax Cut and Jobs Act, those who are unemployed are becoming few and far between.

Trump Call to Curb August Recess Picks Up Steam
Republican senators seem eager to keep Democrats off campaign trail

President Donald Trump leaves the Senate Republican policy lunch in the Capitol on Tuesday afternoon. (Tom Williams/CQ Roll Call)

President Donald Trump did most of the talking Tuesday during a lunch-hour meeting with Senate Republicans, but lawmakers said he did not prod them to cancel their August recess. He did not have to. 

That’s because the idea appears to be gaining steam for a number of reasons, not the least of which is that the large number of Democratic incumbents running for re-election could find themselves off the campaign trail and in Washington at a prime time for campaigning.

Behold the Ever-Shrinking Trump-GOP 2018 Agenda
Sanders lists only an immigration bill on White House’s wish list

President Donald Trump addresses the press before departing the White House for Dallas on May 4. (Sarah Silbiger/CQ Roll Call)

The White House’s wish list once comprised a sweeping infrastructure measure, overhauling the federal welfare program, another try at tax cuts and an immigration bill. But now, only the final item makes the list with the midterm elections fast approaching.

White House press secretary Sarah Huckabee Sanders essentially drove a dagger through the other items Friday, listing only an immigration bill when asked to lay out the White House’s 2018 legislative agenda.

Kombucha Industry and Others Seek Tax Breaks of Their Own
Advocates push for changes they say are in sync with GOP tax overhaul goals

Producers of kombucha want lawmakers to ensure they’re free from alcohol excise taxes. (Jonathan Leibson/Getty Images for [is.] file photo)

Now that President Donald Trump and Republicans in Congress have redesigned the tax code, niche markets from bitcoin buyers to kombucha makers and cannabis businesses are seeking their turn at the tax cut trough.

Producers of kombucha, a fermented tea drink growing in popularity with millennials, yogis and more, want lawmakers to ensure they’re free from alcohol excise taxes. Marijuana dispensaries are aiming to ease restrictions blocking them from claiming the same tax breaks as other small businesses. And amid a growing cryptocurrency craze, advocates are seeking to exempt transactions of bitcoin and other virtual currencies from strict IRS reporting requirements.

Opinion: Americans Are Telling Both Parties — “Show Me the Money”
GOP has an opening this fall with millennials moving away from Democrats, new poll shows

Speaker Paul D. Ryan speaks with students during an event with millennials at Georgetown University in April 2016. Republicans have an opportunity to make gains among young voters this fall, Winston writes. (Tom Williams/CQ Roll Call file photo)

“It sounds strange to me to say this about the Republicans, but they’re helping with even the small things. They’re taking less out of my paycheck. I notice that.” So said Terry Hood, a young, African-American, Clinton voter in a recent Reuters interview about why millennials are moving away from Democrats.

Music to Mitch McConnell and Paul Ryan’s ears. And luckily for the GOP, Hood is apparently not the only millennial who’s noticed. A new Reuters/Ipsos poll of 16,000 young voters, ages 18 to 34, repeating a similar 2016 survey, found that support for congressional Democrats among this key group (as measured by the generic ballot test) went from 55 percent two years ago to 46 percent today — a drop of 9 points.

Opinion: The Big Test for Business
Private sector needs to make the most of tax cuts and regulatory relief

President Donald Trump signs the sweeping tax overhaul into law at the White House on Dec. 22. The private sector now needs to make the most of the tax cuts and regulatory relief that the GOP has provided, Winston writes. (Chip Somodevilla/Getty Images file photo)

Last December when President Donald Trump signed the Republican tax cut bill, large and small businesses were given an opportunity, literally and figuratively, to deliver the goods for the American people.

The economic advantages business is now enjoying are obvious. Lower tax rates and less regulation for both large companies and smaller S corporations lead the list and position the private sector to drive growth and reap the financial benefits of that growth.

Democratic Majority Would Act Quickly on Guns, Dreamers, Infrastructure, Pelosi Says
Minority leader hits on wide array of topics during Georgetown University town hall

House Minority Leader Nancy Pelosi, D-Calif., says Democrats would act quickly on gun violence prevention, protections for Dreamers and infrastructure if they retake the House. (Bill Clark/CQ Roll Call file photo)

If Democrats control the House in 2019 they would quickly schedule floor action on gun violence prevention, protections for “Dreamers” and infrastructure, House Minority Leader Nancy Pelosi said Tuesday. 

“When we win and we take over in January, some of the issues that will come up soon are the issues we are asking the speaker to take up now,” Pelosi said, naming those three issues.

Arizona Teachers Latest to Walk Out, Members Supportive
Grand Canyon State ramps up protest, lawmakers react across U.S.

Rep. Raúl Grijalva, D-Ariz., speaks with Roll Call in his office in the Longworth Building. Grijalva said he supports Arizona teachers in the fight for better education funding, as teachers voted on a Friday walkout. (Bill Clark/CQ Roll Call file photo)

Arizona teachers voted Thursday night to join their counterparts in states such as West Virginia and Kentucky protesting wage and benefit cuts.

Teachers in the state voted through the Arizona Education Association to participate in a statewide walkout Friday to fight for better pay and school funding.

Justices Weigh Congressional Inaction on Internet Sales Tax
Supreme Court muses about “obsolete” ruling

The Supreme Court weighed an internet tax case and seemed to want Congress to resolve the issue.  (Bill Clark/CQ Roll Call)

The Supreme Court almost yearned Tuesday for Congress to resolve a major internet sales tax issue, if only to relieve the justices from having to make a call in a case with potential widespread effects on the nation’s online commerce.

“Is there anything we can do to give Congress a signal it should act more affirmatively in this area?” Justice Sonia Sotomayor asked near the end of an hour of oral arguments.

Tax Day Fight Previews Larger Political Battle Over New Law
Midterm messaging is likely to contain a heaping dose of tax rhetoric

Speaker Paul D. Ryan, R-Wis., holds a sample of a postcard-style tax filing during a news conference in the House studio after a meeting of the GOP Conference on Tuesday. (Tom Williams/CQ Roll Call)

As citizens across the country rush to submit their 2017 tax returns before the deadline, Republicans and Democrats in Congress on Tuesday amped up the messaging battle over last year’s tax law.

The dueling talking points presented by each party are a preview of the months to come as the midterm elections approach.