Connect with us

Hi, what are you looking for?

Latest News

White House to host weekly tax discussions with congressional leadership

Top congressional Republicans will be huddling with Treasury Secretary Scott Bessent at the White House for weekly discussions on how to advance President Donald Trump’s tax agenda, according to a person granted anonymity to share details of the private deliberations.

The meetings, which will start this week, will include Senate Majority Leader John Thune, House Speaker Mike Johnson and the top brass on Congress’s tax writing committees — House Ways and Means Chair Jason Smith (R-Mo.) and Senate Finance Chair Mike Crapo (R-Idaho.).

Congressional Republicans have major differences they need to work through to advance Trump’s tax plans, which include an extension of expiring tax cuts and the enactment of several of his campaign promises.

House Republicans’ budget, for instance, places an upper limit of $4.5 trillion on the amount of tax cuts that Ways and Means can implement. Senate Republicans have said the House’s plan would be insufficient to extend all of the expiring provisions from the 2017 Tax Cuts and Jobs Act.

Enter Your Information Below To Receive Latest News, And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Stock

    Airbus could prioritize deliveries to its non-U.S. customers if tariffs disrupt the European plane maker’s imports stateside, CEO Guillaume Faury said Thursday. “We have a...

    Stock

    In an attempt to court younger audiences, Disney’s ESPN is planning to add some user-generated content to its yet-to-be-named flagship streaming service, which will debut later...

    Stock

    JetBlue Airways is talking with “multiple airlines” about a potential new partnership after federal judges struck down two previous deals, the carrier’s president said Wednesday....

    Latest News

    Speaker Mike Johnson appeared to put the brakes on rising talk from President Donald Trump and Elon Musk about sending checks to American taxpayers...