GOP tax bill

How Trump's Imagined Tax Cut Could Work
CQ Budget Podcast, Episode 84

Chairman Kevin Brady, R-Texas, left, sits in front of books of the current tax code, during a House Ways and Means Committee markup of the Republicans' tax reform plan titled the Tax Cuts and Jobs Act, in Longworth Building on November 6, 2017. (Photo By Tom Williams/CQ Roll Call)

President Donald Trump wants another tax cut for the middle class, a proposal administration officials and members of Congress are now scrambling to make happen. CQ budget and appropriations editor Peter Cohn explains the options available and their consequences.

 

Not One Penny Targets GOP Lawmakers With New Billboards
Billboards say GOP lawmakers personally benefit from their tax overhaul

One of the billboards funded by Not One Penny is aimed at Sen. Bob Corker, R-Tenn. (Bill Clark/CQ Roll Call file photo)

The liberal group Not One Penny is launching new billboards targeting GOP lawmakers and highlighting how they personally benefited from tax overhaul.

The campaign, shared first with Roll Call, includes figures from a recent report from the left-leaning Center for American progress on lawmakers’ own tax cuts under the GOP tax law. The billboards target 20 House members and 10 senators who have some of the highest tax cuts according to the report.

Deadline Approaches on Tim Scott’s Low-Income Tax Incentive
Governors have until March 21 to designate distressed communities where investors can get tax breaks

South Carolina Sen. Tim Scott greets diners at Dell’z on the Macon, a vegan restaurant opened in 2017 in the Chicora-Cherokee neighborhood of South Charleston with nonprofit support. (Courtesy Sen. Tim Scott)

It took three years for Tim Scott to rally his Senate colleagues around a tax plan he thinks will encourage investment in low-income communities.

Now Scott, who was born in a poor community in South Carolina, has until late March to get as many state officials as he can to sign on. He’s doing it with a national “opportunity” tour of low-income areas, including upcoming visits to Florida and Ohio.