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Politics Kevin Brady

  • WASHINGTON, July 27- A proposed border tax in the House of Representatives was killed on Thursday, bringing relief to retailers and other large importers whose profits faced threats and removing a hurdle that had kept negotiations on the long-promised Republican overhaul of the U.S. tax code from advancing. It was meant to discourage companies from...

  • WASHINGTON, July 27- A Republican proposal in the House of Representatives to institute a border tax on imported items has been killed, party leaders said on Thursday, saying they did so as part of a tax overhaul deal struck between congressional and administration negotiators. The Big Six is comprised of Treasury Secretary Steve Mnuchin and Gary Cohn, the head...

  • U.S. House Speaker Paul Ryan speaks at his weekly press conference on Capitol Hill in Washington, DC, on July 27, 2017.

    Top Republicans driving the GOP tax reform effort have given up on border adjustment.

  • "The House, the White House and the Senate have been meeting for a couple months. "We're all on one page, on one unified page," White House economic adviser Gary Cohn said. The White House wants to slash the rate to 15 percent for seven years, while congressional Republicans are trying to settle on a permanent rate that does not increase the deficit.

  • "The House, the White House and the Senate have been meeting for a couple months. The White House wants to slash the rate to 15 percent for seven years, while congressional Republicans are trying to settle on a permanent rate that does not increase the deficit. The congressional Big Six members are Senate Majority Leader Mitch McConnell, House of Representatives...

  • "The House, the White House and the Senate have been meeting for a couple months. The White House wants to slash the rate to 15 percent for seven years, while congressional Republicans are trying to settle on a permanent rate that does not increase the deficit. The congressional Big Six members are Senate Majority Leader Mitch McConnell, House of Representatives...

  • "The House, the White House and the Senate have been meeting for a couple months. The White House wants to slash the rate to 15 percent for seven years, while congressional Republicans are trying to settle on a permanent rate that does not increase the deficit. The congressional Big Six members are Senate Majority Leader Mitch McConnell, House of Representatives...

  • New York, Connecticut, New Jersey and California top the list of states where taxpayers get the biggest deductions. Proposals by House Republican leaders and President Donald Trump would repeal the tax break as part of their packages to overhaul the American tax code. The standoff illustrates how hard it is for Congress to eliminate any popular tax break, even...

  • Donald Trump

    Some elements of the 1986 success are absent, like the number of remaining loopholes, and this president has a personal interest in those that remain.

  • WASHINGTON, July 19- An aggressive corporate lobbying effort to derail a Republican-backed border tax has forced lawmakers working on tax reform to seek alternatives, Kevin Brady, chairman of the tax-writing U.S. House Ways and Means Committee, said on Wednesday. The proposed border adjustment tax on U.S. companies that move jobs abroad and import products...

  • Republican trade lawmaker on Wednesday questioned the Trump administration's plans to renegotiate a trade deal with U.S. ally South Korea, as well as the White House's focus on bilateral trade deals. Since the pact, known as KORUS, went into effect in 2012, the U.S. trade deficit with South Korea has more than doubled to nearly $28 billion last year.

  • Trucks from Mexico wait to enter the United States at a border crossing point.

    Kevin Brady admitted facing aggressive pushback from industry played a role in scrapping GOP support for a border tax.

  • WASHINGTON, July 19- An aggressive corporate lobbying effort to derail a Republican-backed border tax has forced lawmakers working on tax reform to seek alternatives, Kevin Brady, chairman of the tax-writing U.S. House Ways and Means Committee, said on Wednesday. The proposed border adjustment tax on U.S. companies that move jobs abroad and import products...

  • WASHINGTON, July 19- Republicans will consider using planned tax reform to eliminate one of the biggest taxes in Obamacare, if the Senate fails to overturn the healthcare law, a senior Republican in the U.S. House of Representatives said on Wednesday. Kevin Brady, the top Republican on tax policy in the House as chairman of the Ways and Means Committee, said...

  • Rep. Mark Meadows

    Congressional Republicans have yet to enact a single piece of major legislation on taxes, health care or federal spending, Vox reports.

  • Republican leaders in the House of Representatives and the Senate are unlikely to allow the budget deficit to grow, so officials said they now hope for a corporate tax at the low end of a 20 percent to 25 percent range. Six months into Trumps presidency, Republicans who control House, Senate and the White House have yet to agree on important features of a tax code...

  • Republican leaders in the House of Representatives and the Senate are unlikely to allow the budget deficit to grow, so officials said they now hope for a corporate tax at the low end of a 20 percent to 25 percent range. Six months into Trumps presidency, Republicans who control House, Senate and the White House have yet to agree on important features of a tax code...

  • WASHINGTON, June 26- Nearly $1 trillion of taxes imposed by the Affordable Care Act will remain in place if the Senate fails to adopt legislation to dismantle the law known as Obamacare, the top Republican on tax policy in the House of Representatives said on Monday. House Ways and Means Committee Chairman Kevin Brady told reporters there are no plans to use...

  • Representative John Yarmuth, top Democrat on the House of Representatives Budget Committee, predicted Trump's promise to deliver the biggest tax reform since Ronald Reagan would have to be scaled back if the Republican-controlled Senate fails next week to adopt legislation dismantling Obamacare, formally known as the Affordable Care Act.

  • WASHINGTON, June 22- The top Republican on tax policy in the House of Representatives rejected the possibility of cutting taxes without fundamental changes to the U.S. tax code on Thursday, as the main actors in the tax reform debate prepared to meet for a fourth time. With the window for tax reform narrowing, lobbyists and analysts say Congress could abandon...