Tax Bill Committee Pushes against Deadline
Republicans have two weeks to meet their Christmas deadline for passing a final tax bill and are still sorting through issues as they get set to hammer out final details. House Majority Leader Kevin McCarthy said Sunday that he is aiming for a vote next week, after a bicameral conference committee continues its work to reconcile the $1.4 trillion tax cut plans passed by the House and Senate. “The House and Senate have two different bills — structurally they’re pretty similar,” Mr. McCarthy, California Republican, said on Fox News. “They’re going to work out those differences — hopefully they can ... Read More
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How Trump’s First Year Illegal Immigration Stats Measure Up to Obama’s Final Year
The Trump administration counts the overall successes in curbing illegal immigration as “another success,” but since May there has been an increase of families and unaccompanied children illegally coming across the border. Some experts attribute this to the talk of amnesty for so-called “Dreamers,” or illegal immigrants brought into the country as minors. The Department of Homeland Security released its final numbers for fiscal year 2017 that spanned the final months of Barack Obama’s presidency and the first nine months of Donald Trump’s presidency, October 1, 2016 through Sept. 30, 2017. The federal government arrested almost 40 percent more illegal immigrants inside the country in the past ... Read More
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Susan Collins’ Vote Could Be Key for Tax Bill
Progressives who cheered when Republican Sen. Susan Collins tanked efforts to repeal Obamacare are pleading for a repeat on the GOP tax bill, saying she should revoke her support after House Republicans threw cold water on the pact leaders used to win her vote. Ms. Collins, a moderate from Maine, backed a Senate bill that slashes taxes for corporations and certain individuals, but only after Senate Majority Leader Mitch McConnell promised to mitigate its repeal of Obamacare’s “individual mandate” by holding votes on bipartisan bills to tamp down premiums in the insurance markets. There’s just one problem. House conservatives say their own leaders weren’t ... Read More
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How Curbing Washer Imports Could Send US Jobs Down the Drain
The International Trade Commission recently announced recommendations for the U.S. to impose tariffs of up to 50 percent on washing machine imports exceeding a quota of 1.2 million units annually. The recommendation has been passed along to President Donald Trump, giving him 60 days to reach a final decision. This announcement comes on the heels of the trade commission-backed claim that foreign competitors, Samsung and LG, are “injuring” the domestic washing machine—specifically, Michigan-based manufacturer Whirlpool. If Trump decides to take the commission’s recommendation, Americans will quickly begin to see fewer washing machine options and higher prices on the common household appliance. ... Read More
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Dodd-Frank Tipped The Scale In The Wrong Direction
When Dodd-Frank was enacted, we were told it was necessary to rein in the bad actors from Wall Street that brought the economy to its knees in 2008. Nearly 10 years later some of the largest banks are experiencing record profits while smaller institutions, like credit unions and small banks, are laboring under regulatory burdens never intended for them. By serving small businesses to first-time home buyers and everything in between, credit unions and small banks are the backbone of our communities. Unfortunately, more and more of their time is spent on compliance – dealing with regulations intended for Wall Street that keep ... Read More
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