Taxes

Roll Call Reporters Asked Members of Congress To Release Their Tax Returns. Here’s What They Found
 

Throughout last year’s election and continuing into 2017, Democrats and Republicans alike have called for President Donald Trump to release his tax returns. Members of Congress, however, have not faced such pressure to disclose their tax information. Roll Call reporters Stephanie Akin and Sean McMinn set out to answer this question: how many members of Congress will release their own tax returns?

Ryan, Pence Promise Tax Overhaul but Offer Few Details
Speaker, vice president ramp up rhetoric on taxes

Vice President Mike Pence and Speaker Paul D. Ryan, pictured together before President Donald Trump’s address to Congress in February, spoke about overhauling the tax code during a National Association of Manufacturers summit Tuesday. (Bill Clark/CQ Roll Call file photo)

House Speaker Paul D. Ryan and Vice President Mike Pence on Tuesday reiterated a commitment to overhauling the tax code this year but offered no new details on how they plan to do so. 

In separate addresses to a National Association of Manufacturers summit, Ryan and Pence said 2017 is the year Congress will rework the tax system. 

Prospect of Repeat Budget Failure Puts Pressure on Republicans
Budget needed for GOP to get to tax overhaul, possibly mandatory spending cuts

House Budget Chairwoman Diane Black, seen here at a committee hearing last month with ranking Democrat John Yarmuth, is confident Republicans will pass a budget this year, despite GOP divisions. (Tom Williams/CQ Roll Call file photo)

House Republicans face the possibility of failing to pass a full budget resolution for the second year in a row, despite making progress on their goals for a fiscal 2018 budget resolution.

The stakes are much higher than last year as the budget, through the reconciliation process, has become a tool for Republicans to advance legislation without Democratic support, something they lack on nearly all of their top priorities.

Analysis: Why the Border Adjustment Tax Is Dead and an Overhaul Could Be Too
Proponents have failed to address critics’ concerns; lack of alternatives make overhaul difficult

House Speaker Paul D. Ryan, right, and Ways and Means Chairman Kevin Brady, left, have pushed the border adjustment tax as a way to raise roughly $1 trillion in revenue to partially offset an ambitious corporate tax rate cut. (Tom Williams/CQ Roll Call file photo)

House Republican leaders’ controversial border adjustment tax is dead, and as a result, their plans to dramatically overhaul the tax code could soon be too. 

The border adjustment tax, or BAT, is a proposal to tax imports instead of exports, reversing the way the United States currently taxes goods crossing its borders. House GOP leaders, namely Speaker Paul D. Ryan and Ways and Means Chairman Kevin Brady, have pushed for the tax as a way to discourage U.S. companies from moving operations overseas and to raise roughly $1 trillion in revenue to partially offset an ambitious corporate tax rate cut.

Freedom Caucus May Push for More Than Tax Overhaul in Next Budget
Reconciliation instructions for overhauling welfare system among issues caucus plans to discuss, Meadows says

Rep. Mark Meadows signs pictures taken of him with constituents to send the constituents as a thank you for their time. (Lindsey McPherson/CQ Roll Call)

ASHEVILLE, N.C. — Members of the conservative House Freedom Caucus are considering a push for broader reconciliation authority in the upcoming fiscal 2018 budget resolution that would allow Republicans to pursue policies beyond a tax code overhaul.

“We believe that writing the instructions more broadly will give us greater flexibility not only to get tax reform but also to address other areas simultaneously,” Freedom Caucus Chairman Mark Meadows said in an interview here Friday.

Trump Tax Plan Sets Up Another Battle With Congress
President would lower corporate rate, slash individual brackets from 7 to 3

President Donald Trump delivers remarks in the State Dining Room at the White House on Monday. On Wednesday, he laid out his tax overhaul plan. (Chip Somodevilla/Getty Images)

By JOHN T. BENNETT and LINDSEY McPHERSON, CQ Roll Call

The Trump administration on Wednesday rolled out a massive package of tax rate reductions and code changes. Senior officials claimed it will “pay for itself,” even though details remain murky and a fight with Congress lies ahead.

Tax Overhaul Not Immune to GOP Infighting
Border adjustment tax among issues that could cause intraparty stress

House Republicans may experience significant intraparty disagreements over their upcoming tax overhaul effort. (Tom Williams/CQ Roll Call)

Republicans have said a tax code rewrite will be easier than the health care overhaul that continues to elude them. Whether or not that proves true, a few intraparty battles likely lay ahead on taxes.

The GOP is united around the goal of a tax code overhaul. Republican lawmakers used Tax Day on Tuesday to highlight their shared vision for cutting tax rates, simplifying the code and spurring economic growth.

Wittman Answers Questions at Public Forum, Constituents Hold Mock Town Hall
Republican congressman says he favors smaller-scale meetings over massive town halls

Rep. Rob Wittman, R-Va., leaves a meeting of the Stafford County Board of Supervisors in Stafford, Va., on April 18, 2017. (Tom Williams/CQ Roll Call)

STAFFORD, Va. — Rep. Rob Wittman provided an update on congressional affairs to the local governing body here Tuesday evening. It was his fifth constituent meeting of the day.

Meanwhile, just over 30 miles northwest in Nokesville, Virginia, citizens held a mock town hall to discuss the congressman’s voting record.

Schumer Joins Calls for President to Release Tax Returns
Minority Leader: Failure to disclose makes passing tax reform ‘much harder’

Senate Minority Leader Chuck Schumer says President Trump could wreck a major campaign pledge, a package of tax code changes and rate cuts, if he keeps his own returns secret. (Bill Clark/CQ Roll Call)

The top Senate Democrat on Tuesday joined calls for President Donald Trump to release his tax returns, warning that a failure to do so could sink what was a major campaign promise.

Should the president opt to continue keeping his full personal financial picture secret, it would make any package of tax code changes and rate cuts “much harder to pass,” said Minority Leader Charles E. Schumer, D-N.Y.