President Donald Trump on Tuesday indicated he wants to fast-track tax legislation through the Senate with 51 votes, signaling support for using the procedural vehicle known as reconciliation.
Two consecutive days of Capitol Hill testimony from Treasury Secretary Steven Mnuchin made it clear that White House policy still differs in key places from the House GOP tax overhaul plan.
The border adjustment tax came into focus at a House Ways and Means Committee hearing Tuesday that illuminated the challenge it faces as a politically fraught linchpin of the House GOP tax overhaul effort.
The House Ways and Means Committee’s first major tax reform hearing illustrated the work still ahead for Republican lawmakers as they attempt to overhaul the tax code and reconcile their blueprint with the White House agenda. The Thursday hearing also called into focus the high-pressure timeline they face to meet business expectations on enacting changes.
A gradual phase-in may be the best political hope for the border adjustment tax provision surviving negotiations between the White House and Republican lawmakers, but a long transition could complicate revenue impacts and currency reactions.
Thomas Curry, the now-former chief of the Office of the Comptroller of the Currency, left his post with a major piece of unfinished business — a plan to offer national bank charters to financial technology firms.
Comptroller of the Currency Thomas Curry will leave his position on Friday, the federal banking regulator announced Wednesday.
President Donald Trump’s tax plan, a general outline that diverges on specifics from the House Republican proposal, has made a positive impression on almost half of registered voters, according to new Morning Consult/POLITICO polling.
As the House Financial Services Committee on Tuesday began to mark up Chairman Jeb Hensarling’s Dodd-Frank replacement legislation, community banks took the spotlight.
Independent Community Bankers of America President and Chief Executive Camden Fine announced Tuesday that he plans to retire in May 2018.
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