ProPublica Report Has Congress Rethinking How to Tax Superrich

A report showing that the richest Americans, including Jeff Bezos, Elon Musk and Warren Buffett, pay almost no taxes has refocused attention on the tax code.

#alternative-minimum-tax, #biden-joseph-r-jr, #capital-gains-tax, #corporate-taxes, #democratic-party, #federal-taxes-us, #high-net-worth-individuals, #income-tax, #internal-revenue-service, #pro-publica, #propublica, #republican-party, #senate-committee-on-finance, #stocks-and-bonds, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #tax-shelters, #taxation, #toomey-patrick-j, #united-states-economy, #united-states-politics-and-government, #warren-elizabeth, #wyden-ron

Fund-Raising Surged for Republicans Who Sought to Overturn the Election

The lawmakers, who encouraged their followers to protest in Washington on Jan. 6, have capitalized on the riot to draw huge campaign donations.

#biden-joseph-r-jr, #boebert-lauren, #campaign-finance, #cawthorn-madison, #cheney-liz, #greene-marjorie-taylor-1974, #house-of-representatives, #kim-young-o-1962, #kinzinger-adam, #mccarthy-kevin-1965, #presidential-election-of-2020, #republican-party, #storming-of-the-us-capitol-jan-2021, #swalwell-eric-m, #toomey-patrick-j, #united-states-politics-and-government

Biden Seeks Assault Weapons Ban and Background Checks

After the second mass shooting in a week, the president said tighter gun laws should not be a partisan issue, but Republicans in Congress showed little interest in Democratic proposals.

#biden-joseph-r-jr, #everytown-for-gun-safety, #firearms, #gun-control, #manchin-joe-iii, #mass-shootings, #mcconnell-mitch, #newtown-conn-shooting-2012, #rice-susan-e, #richmond-cedric, #schumer-charles-e, #thune-john-r, #toomey-patrick-j, #united-states-politics-and-government

In Washington, ‘Free Trade’ Is No Longer Gospel

Like its predecessor, the Biden administration has largely dispensed with the idea of free trade as a goal in and of itself.

#autor-david, #biden-joseph-r-jr, #customs-tariff, #democratic-party, #income-inequality, #international-trade-and-world-market, #lighthizer-robert-e, #tai-katherine-1974, #toomey-patrick-j, #trump-donald-j, #united-states-politics-and-government

Powell Focuses on Economic Need at Key Moment in Markets and Politics

The Federal Reserve will continue to support the economy, its chair, Jerome H. Powell, pledged at a Senate hearing, even as concerns about inflation rise.

#federal-reserve-system, #interest-rates, #powell-jerome-h, #quantitative-easing, #senate-committee-on-banking, #toomey-patrick-j, #united-states-economy, #united-states-politics-and-government

If There Was a Republican Civil War, It Appears to Be Over

The party belongs to Trump for as long as he wants it.

#burr-richard-m, #cassidy-bill-1957, #haley-nikki-r, #impeachment, #presidential-election-of-2016, #presidential-election-of-2020, #republican-party, #toomey-patrick-j, #trump-donald-j

Why Seven Republican Senators Voted to Convict Trump

The Republicans who broke with their party to find Donald J. Trump guilty were an eclectic group, bound by their shared lack of concern about retribution from the former president or his followers.

#burr-richard-m, #cassidy-bill-1957, #collins-susan-m, #elections-senate, #impeachment, #murkowski-lisa, #republican-party, #romney-mitt, #sasse-benjamin-e, #senate, #storming-of-the-us-capitol-jan-2021, #toomey-patrick-j, #trump-donald-j, #united-states-politics-and-government, #voting-and-voters

Here are the seven Republicans who voted to convict Trump.

The vote was the most bipartisan for a presidential impeachment conviction in United States history.

#burr-richard-m, #cassidy-bill-1957, #collins-susan-m, #impeachment, #murkowski-lisa, #republican-party, #romney-mitt, #sasse-benjamin-e, #senate, #toomey-patrick-j, #trump-donald-j, #united-states-politics-and-government

A Dinner, a Deal and Moonshine: How the Stimulus Came Together

Top party leaders cinched a $900 billion relief deal after laying down their swords. But it took an empowered, bipartisan group of moderates to help bridge the divide.

#biden-joseph-r-jr, #collins-susan-m, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #house-of-representatives, #mcconnell-mitch, #murkowski-lisa, #pelosi-nancy, #presidential-transition-us, #republican-party, #romney-mitt, #schumer-charles-e, #senate, #stimulus-economic, #toomey-patrick-j, #united-states-politics-and-government

Lawmakers Resolve Fed Dispute as They Race to Close Stimulus Deal

Top senators appeared to strike an agreement on the central bank’s lending powers as they struggled to clear away the last sticking points in the $900 billion compromise plan.

#bernanke-ben-s, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-reserve-system, #mcconnell-mitch, #pelosi-nancy, #powell-jerome-h, #stimulus-economic, #toomey-patrick-j, #united-states-economy, #united-states-politics-and-government

Congress Clears Two-Day Spending Extension to Finalize Stimulus Deal

The short time frame signaled optimism that Congress could come to agreement on the $900 billion economic recovery plan, but a last-minute dispute over the Fed’s lending powers emerged as a stubborn final sticking point.

#biden-joseph-r-jr, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #federal-reserve-system, #republican-party, #senate, #stimulus-economic, #toomey-patrick-j, #united-states-economy, #united-states-politics-and-government

What Is 13-3? Why a Debate Over the Fed Is Holding Up Stimulus Talks

The Fed’s emergency lending authorities are a key part of its job. Republicans want to curb them. Democrats are pushing back.

#banking-and-financial-institutions, #coronavirus-aid-relief-and-economic-security-act-2020, #credit-and-debt, #federal-reserve-system, #mnuchin-steven-t, #presidential-election-of-2020, #stimulus-economic, #stocks-and-bonds, #toomey-patrick-j, #treasury-department, #united-states-economy, #united-states-politics-and-government, #yellen-janet-l

He Wanted to Count Every Vote in Philadelphia. His Party Had Other Ideas.

When Donald Trump’s campaign tried to overturn the election results in Pennsylvania, Al Schmidt found himself trapped between his party and his principles.

#absentee-voting, #biden-joseph-r-jr, #giuliani-rudolph-w, #lewandowski-corey-1975, #philadelphia-pa, #presidential-election-of-2020, #toomey-patrick-j, #trump-donald-j, #voter-fraud-election-fraud

Senate Sends Trump a Bill to Punish Chinese Officials Over Hong Kong

The legislation would impose sanctions on officials responsible for instituting and enforcing China’s new security law targeting Hong Kong’s autonomy.

#china, #embargoes-and-sanctions, #hong-kong, #hong-kong-protests-2019, #house-of-representatives, #senate, #toomey-patrick-j, #trump-donald-j, #united-states-international-relations, #united-states-politics-and-government, #van-hollen-christopher-jr