by Peter Urban | Dec 20, 2017 5:46pm
Posted to: Congress | DC News Junkie | The Economy | Federal Budget | Jobs | Taxes
President Donald Trump celebrated passage of a $1.5 trillion tax bill that cleared Congress on Wednesday afternoon without a single Democrat in support.
“I promised the American people a big, beautiful tax cut for Christmas. With final passage of this legislation, that is exactly what they are getting,” Trump said in a statement after the House voted 224-201 to pass the bill that would overhaul federal tax policy for the first time in decades. The Senate voted, 51-48, early Wednesday morning for it.
Continue reading "DC NEWS JUNKIE | White House Cheers Passage of Tax Bill; Connecticut Delegation United in Opposition" »
by Christine Stuart | Dec 20, 2017 6:30am
Posted to: Civil Liberties | Congress | Consumer Protection | CT Tech Junkie | Equality | Federal Budget
HARTFORD, CT — The Federal Communications Commission may have voted to eliminate rules about net neutrality, but Connecticut lawmakers and Attorney General George Jepsen said they will do what they can to preserve the Internet.
Continue reading "Connecticut Officials Propose Steps To Maintain Net Neutrality" »
by Peter Urban | Dec 18, 2017 5:34pm
Posted to: Business | Congress | DC News Junkie | The Economy | Manufacturing Sector | Federal Budget | Jobs | Manufacturing | Taxes | Wall Street | White House
Congressional Republicans plan this week to approve an overhaul of federal tax policy that would provide substantial savings to corporations and make filing taxes simpler for many Americans.
The bill, negotiated last week between the House and Senate Republicans, is not expected to draw any support from Democrats who voted against earlier versions that cleared the two chambers. The new bill, which is subject to an up-or-down vote, more closely follows the Senate-approved version.
Continue reading "DC NEWS JUNKIE | GOP Plans Tax Cut Vote; Senate to Confirm ‘Badass’ Greenwich Banker" »
by Peter Urban | Dec 11, 2017 1:30pm
Posted to: Business | US Foreign Policy | Congress | DC News Junkie | Election 2017 | Ethics | Federal Budget | White House
House and Senate Republican leaders are looking to quickly reach consensus on an overhaul of tax policy this week in hopes of sending a final bill to President Donald Trump before year’s end.
Both chambers have approved separate tax measures and must now negotiate a final bill that would be brought before the House and Senate — without amendment — for a final up-or-down vote.
Continue reading "DC NEWS JUNKIE | GOP Seeks Tax Cut Deal; Himes Presses for Trump Jr. Subpoena; Senators Split" »
by Jack Kramer | Dec 5, 2017 3:47pm
Posted to: Congress | DC News Junkie | Equality | Federal Budget | Legal
HARTFORD, CT — U.S. Sen. Richard Blumenthal said that any sexual harassment complaints involving senators and House members in which taxpayer money was secretly paid out should be disclosed as long as the “victim wants them to be made public.”
Blumenthal addressed the issue Monday at a press conference at the Legislative Office Building.
Continue reading "Connecticut Senators Seek Transparency In Sexual Harassment Settlements" »
by Jack Kramer | Dec 5, 2017 12:30pm
Posted to: Business | Real Estate | Congress | DC News Junkie | Federal Budget | Town News | Taxes | White House
HARTFORD — U.S. Sen. Richard Blumenthal on Monday said Connecticut has more to lose than some other states if the Republican-backed federal tax plan is signed into law, because a tax write-off is about to be eliminated for thousands of Connecticut homeowners with crumbling foundations.
“This hits Connecticut harder,” Blumenthal said Monday at a press conference at the Legislative Office Building, where he discussed how the Senate and House Republican proposals to overhaul federal tax policy would eliminate the tax deduction for property casualty losses except those stemming from federally declared disasters.
Continue reading "Blumenthal Cites Loss of Deduction for Crumbling Foundations: ‘This Hits Connecticut Harder’" »
by Peter Urban | Dec 4, 2017 2:11pm
Posted to: Congress | DC News Junkie | Federal Budget | Taxes
WASHINGTON — Congress this week will start the process for negotiating a final bicameral tax overhaul bill that they hope to send to President Donald Trump before year’s end.
The House will get the ball rolling on Monday when they vote to send H.R. 1 — the vehicle for the tax overhaul — to conference. House Speaker Paul Ryan will name conferees who will work with their Senate colleagues to hammer out a final bill that can be brought to the House and Senate for an up-or-down vote.
Continue reading "DC NEWS JUNKIE | Tax Overhaul Heading to Conference; Trump Tweet Raises Obstruction Questions" »
by Peter Urban | Dec 1, 2017 3:30pm
Posted to: Child Welfare | Congress | DC News Junkie | Federal Budget | Town News | Public Health | Poverty | State Budget | Taxes | White House
A tax write-off for Connecticut homeowners with crumbling foundations that was recently approved by the Internal Revenue Service may be in jeopardy under legislation now being debated by the U.S. Senate.
A Senate Republican proposal to overhaul federal tax policy would eliminate the tax deduction for property casualty losses except those stemming from federal declared disasters.
Connecticut Senators Richard Blumenthal and Chris Murphy have raised concerns about eliminating the deduction but as Democrats who oppose the overall bill, they have little chance to amend it. The bill remains under debate and Republican leaders are focused on making changes to insure that the Senate Republican majority can approve it without the need for any Democrat support.
Continue reading "DC NEWS JUNKIE | Tax Relief for Crumbling Foundations May Be Fleeting" »
by Peter Urban | Nov 27, 2017 4:01pm
Posted to: Congress | DC News Junkie | Energy | Environment | Federal Budget
President Donald Trump will drop in on the Senate Republican’s weekly policy luncheon on Tuesday to make the case for action on legislation to overhaul the federal tax code which Trump claims is needed to expand the nation’s economy.
Continue reading "DC NEWS JUNKIE | Senate Republicans Look For Tax Cut Victory" »