House extends expiring tax breaks amid divided Congress
The House passed a one year retroactive extension of over 50 tax breaks for banks investors commuters NASCAR track owners and others. The measure would add about 42 billion to the deficit and faces uncertain chances in the Senate as lawmakers trade talks stall under White House veto threats. Rep. Dave Camp calls for urgent action ahead of the filing season.
MENTIONED IN THIS ARTICLE
Washington
Nascar
Puerto Rico
Virgin Islands
Dave Camp
R-Mich
House
Ways and Means Committee
IRS
Congress
Senate
Camp
House Republicans
White House
Rep
Sander Levin
Michigan
Ways and Means
Ander Crenshaw
R-Fla
Obama and McConnell hold rare one-on-one meeting
President Obama and incoming Senate Majority Leader Mitch McConnell met for about an hour to discuss bipartisan potential. Obama outlined a tax reform and infrastructure package, while McConnell signaled openness to cooperation but voiced skepticism about immediate immigration deals. Both noted limited time and avoided public statements.
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Washington
Barack Obama
Senate
Mitch McConnell
White House
Republican Party
Oval Office
Obama
Congress
GOP
Capitol Hill
U.S
McConnell
Kentucky
Ity
Joe Biden
Yahoo News
Bob Corker
R-Tenn
House
John Boehner
West Chester
House OKs bill to help disabled Americans with tax free accounts
The House approved the Achieving a Better Life Experience Act by a 404 to 17 vote to allow Americans with disabilities to open tax free accounts for education housing and health care expenses. The measure aims to aid up to 54 million people and moves to the Senate for rapid passage.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Congress
Texas, 17-state coalition sue Obama immigration actions
Texas leads a 17-state lawsuit challenging President Obama's executive actions on immigration. The suit seeks to block the order which would shield about 4.1 million people from deportation and grant work rights, arguing it violates the Take Care Clause and worsens a border crisis.
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Austin
Texas
Barack Obama
U.S
Obama
United States
Greg Abbott
South
Mid
Alabama
Georgia
Idaho
Indiana
Carolinas
Abbott
White House
Brandi Hoffine
Supreme Court
Congress
Arturo Carmona
Presente.org
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Carpetwarehousebrain.net
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Leavitt Rd
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Home Depot
Campana
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Ving Lorain County
Sun
Gary Heath
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