Jun 21 2017
In a speech to US manufacturers that was released by his office, House of Representatives Speaker Paul Ryan said President Donald Trump and the Republican-controlled Congress can not afford to let the opportunity for tax reform slip this year. "And we will not cast about for quick fixes and half-measures".
Rolling back Obamacare would provide a almost $1 trillion tax cut that would disproportionately benefit the wealthy and businesses.
"They really are pretty obnoxious taxes - we'll have to put those off to the side and they'll have to be gotten to when we get to health care reform and we'll reform the rest of the tax code", he said on CNBC.
Aides said he is not expected to delve into the details of tax proposals.
Republicans are promising the biggest tax overhaul since the Reagan era, saying a simplified system with tax cuts for individuals and businesses, along with reforms to eliminate taxes on the foreign profits of US corporations, can boost economic growth and create jobs. The aim is to unveil tax reform legislation in September. He carefully avoided mentioning the most contentious aspect of House Republicans' plan, the 20 percent border adjustment tax on imports.
Hanging over the entire speech on Tuesday was the utter improbability that they key promise out of Ryan's mouth: That tax reform would be completed this calendar year.
It was not clear whether Republicans can overcome infighting over healthcare legislation and government spending to move forward on tax reform.
Pledging the biggest overhaul to taxes since the Reagan era, Trump's campaign revolved around reinstating economic prosperity for "left behind" Americans.
South Sudan has world's fastest growing number of displaced
Twelve million people in the country were forced to abandon their homes in 2016 - that's more than half of the country's population.
Doctors: Scalise remains critical, but 'excellent recovery' possible
Scalise "continues to show signs of improvement", MedStar Washington Hospital Center said in a statement Saturday evening. On Thursday, the hospital reiterated that Scalise will need more operations and will be in the hospital "for some time".
Kamala Harris, California Senator and Woman of Color, Makes Jeff Sessions 'Nervous'
After asserting that investigation was fairly far out in the weeds, Cotton posed his first question to Sessions . Senate Intelligence Committee member Sen . "Senators will allow the chair to control the hearing", Burr replied.
Ryan said the House and Senate are working on fleshing out Trump's tax principles into a legislation. That won't be easy because there are big disagreements among Republicans over spending levels for the military and for domestic programs. He's serious about tax giveaways - for millionaires, billionaires, and wealthy corporations.
Economist Stephen Moore of the conservative Heritage Foundation said there's a sense now that "there's less than a 50-50 chance" of passing a tax-code rewrite this year.
The White House has been in regular talks with leaders and top tax writers in the House and Senate to come up with a framework for a tax reform bill they can all agree on.
The border-adjusted tax is estimated to raise about $1 trillion in revenue over a decade, which Ryan has described as essential to paying for tax cuts. "There are so many different of ways of achieving this - we in the House have our own idea - and that is one of the things that we are discussing with the administration, because we're going to get this right". "Businesses need to have confidence that we will not pull the rug out from under them".
Some House Republicans have grown frustrated by what they see as criticism from their Senate GOP colleagues - without offering alternative revenue raisers.
"I know that the cynics and naysayers are out in full force".
Rep. Lloyd Doggett (D-Texas), ranking member of the House Ways and Means Committee's tax-policy subcommittee, criticized House Republicans for waiting 11 months after the release of their "Better Way" tax blueprint to start holding hold hearings, and called for additional hearings on the topic.
But Republicans continue to disagree on various components of a tax bill, in addition to whether tax reform should be permanent.
Jun 21 2017
At least 3 hurt in Queens construction accident
The construction materials punched through the roof and fell all the way down to the basement level, the FDNY said. Initially it was believed to have been a crane that collapsed but FDNY clarified that it was a roof.
Jun 19 2017
Portuguese radio says 25 people killed in forest fires
Around 1,600 firefighters have been desperately battling wildfires that broke out in central Portugal early Sunday morning. The blaze on Saturday hit the mountainous area of Pedrogao Grande amid an intense heat wave and rainless thunderstorms.
Jun 19 2017
President Trump tweets confirmation he's under investigation
Mueller served as director of the Federal Bureau of Investigation under the Bush and Obama administrations from 2001 to 2013. If the dominos continue to fall, one of five assistant attorneys general or the solicitor general would assume the role.
Jun 18 2017
UK's Hammond says economy should be priority in Brexit talks
Mr Hammond's remarks will be seen as a bid to soften the terms of Britain's exit, 72 hours before formal talks begin on Monday. A spokesman for his Department for Exiting the European Union said Britain had been "crystal clear" about its approach.
Jun 18 2017
Trump confirms probe over Comey firing
Rosenstein, born in Pennsylvania, joined the Justice Department in 1990 and moved up the organization over the span of 27 years. But she would also have the conservative perspective on executive branch - which gives the president abundant authority.
Jun 17 2017
Rickie Fowler leads US Open on day of highs and lows
Open record for the lowest first-round score in relation to par and there was as a sea of red on the leaderboard. The tempestuous Spaniard was a trendy pick to win this week, but the ebbs and flows of Erin Hills gave him fits.
Jun 16 2017
Trump delays effective date of travel ban amid court battle
The order also suspends the nation's refugee program for 120 days and imposes a new limit on the number of refugees accepted. Circuit Court of Appeals on Monday upheld a judge's ruling that blocked the temporary ban on refugees as well.
Jun 16 2017
Special counsel investigating Trump for possible obstruction of justice
Trump is not the only one under scrutiny, Barrett said: Investigators are also looking into the finances of Trump associates. The NSA said in a statement that the "NSA will fully cooperate with the special counsel".
Jun 16 2017
Paddy Barnes: I'd love to see Conor McGregor knock out Floyd Mayweather
Mayweather will come off a two-year retirement in a bout that McGregor has been pushing for almost that long. Honestly, did you expect anything less from Sheri's Ranch for an event being tabbed "The Money Fight? ".
Jun 15 2017
Tillerson: US committed to 'One China' policy, also Taiwan
Later on Monday, a senior official in the Palestine Liberation Organization (PLO) confirmed that Secretary Tillerson was mistaken. At the same time, there are 6,500 Palestinians in Israeli jails, including 500 detained without charge , in some cases for years.
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Jun 17 2017Rule gives Oregonians non-gender option on driver's license
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Jun 21 2017Germany: no punishment for UK, but EU exit good for no one
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Jun 19 2017Theresa May offers support package for London fire victims
Jun 19 2017Man United told top Premier League midfielder will cost £50m
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Jun 17 2017Russia Says It May Have Killed ISIS Leader in Airstrike
Jun 15 2017Dem calls for House inquiry into foreign payments to Trump hotel
Jun 15 2017Nadal dominates to win historic 10th French Open title
Jun 15 2017Trump Renominates Rosenworcel to FCC Commissioner
Jun 15 2017Critic's Notebook: Jeff Sessions Dodges and Demurs His Way Through Senate Testimony