Tag: Republican Party

  • Trumps War on Pot Could Split Republicans in 2018

    As a presidential candidate, Donald Trump promised to leave the issue of marijuana legalization to the states. Then he chose Jeff Sessions as his attorney general, and it was only a matter of time before that changed. Sessions has long pined for a crackdown on pot. “Good people don’t smoke marijuana,” he said in 2016. […]

  • How the Carried Interest Break Survived the Tax Bill

    President Donald Trump’s plan to abolish a tax break for hedge-fund managers was kept out of the final tax overhaul legislation — an act of defiance by congressional leaders who exploited a split among Trump’s advisers. White House economic adviser Gary Cohn wanted to end the carried interest break, while Treasury Secretary Steven Mnuchin successfully […]

  • McCarthy Says House Will Have to Vote Again: Tax Debate Update

    Congressional Republicans kicked off the final leg of their six-week legislative sprint to overhaul the U.S. tax code and deliver a major policy victory for President click here. Here are the latest developments, updated throughout the day: McCarthy Says House Will Have to Vote Again (4:48 p.m.) House Majority Leader Kevin McCarthy said the House […]

  • Why Is Bannon Bashing McConnell Over Roy Moore Instead of Taxes?

    The Dec. 12 special Senate election in Alabama is being touted as the next clash in the ongoing battle between Steve Bannon and Senate Majority Leader Mitch McConnell for the soul of the Republican Party—what Bannon, with characteristic hyperbole, calls a “season of war.” Roy Moore, the GOP candidate, stands accused of numerous incidents of sexual misconduct, including […]

  • Senate Panel Approves Plan, Dangers Lie Ahead: Tax Debate Update

    House Republicans passed their tax-overhaul bill on Thursday as Senate tax writers sent their proposal to make individual breaks temporary and repeal a key part of the Obamacare law to the Senate floor. Here are the latest developments, updated throughout the day: Senate Panel Approves Plan, Dangers Lie Ahead (10:32 p.m.) Republicans on the Senate […]

  • House GOP Has Votes to Pass Bill, Brady Says: Tax Debate Update

    The Senate tax-writing committee began hammering out the details of its tax cut proposal on Monday. The House may vote on its bill as soon as Thursday. Here are the latest developments, updated throughout the day: House GOP Has Votes to Pass Bill, Brady Says (5:28 p.m.) The chief House tax writer says he’s confident […]