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French press review 9 February 2018

Uncle Sam runs out of cash, again, as the American Senate fails to agree a compromise budget. The European Parliament votes to abolish summer time. And the International Olympic Committee is struggling to find suitable host cities for future Winter Games.

Record market highs and bitcoin frenzy are waking up retail investors

Shares of online brokers have been rallying, especially since the Senate Budget Committee advanced the tax legislation.

Legislature considers health funding; Fallin amends call

Oklahoma lawmakers are considering measures to pump about $44 million into two key state health care agency budgets for the rest of the fiscal year. House and Senate budget committees … Click to Continue »

House Budget Chair Diane Black, a Member of Conference Committee on Reconciling House and Senate Tax Reform Bills

Representative Diane Black joined me this morning for the latest on the Conference Committee between House and Senate on the final tax reform bill:

Revenue Effects of Senate Tax Bill

Republicans are scrambling to adjust their tax bill to satisfy concerns of lawmakers worried about budget deficits. The Joint Committee on Taxation (JCT) released a report yesterday finding that the government would lose $1 trillion over a decade in revenue even including the dynamic growth effects. Show More Summary

Senate Passes 479-Page Tax Bill 51-49; House And Senate Bills Now Go To Conference

Senate Budget Committee, H.R. 1, Tax Cuts And Jobs Act (479 pages) (Congress.Gov) Huffington Post, Dems Erupt In Anger After ‘Corrupt’ Tax Bill Passes The Senate New York Times, Vast Tax Overhaul Clears the Senate, 51-49 New York Times, How They Voted New York Times, Here’s Help Deciphering the G.O.P....

Republicans search for cash to pay for their tax bill after deficit hawks learn budget will add $1 trillion in debt

3 months agoNews : The Raw Story

Late Thursday afternoon, Democratic senators attempted to send the Republican tax bill back to committee for further consideration and adjustments. Republicans rushed to the floor to vote and three senators who haven’t decided whether or not to support the tax bill were brought to “the...

Many Republicans Don't Like the Tax Bill. But They Keep Moving It Forward

3 months agoNews : The Lookout

Republicans' long-awaited tax reform plan inched closer to fruition on Tuesday after the Senate Budget Committee voted in favor of it.

A Very Fragile Deal Allowed Tax Bill to Advance

James Hohmann reports the promises that allowed the GOP tax bill to make it through the Senate Budget Committee are very fragile. “The challenge for Senate GOP leaders, who have such a small margin for error, is that two of [...]

LOOP: Tax plan clears Senate Budget Committee

TAX CUT MOMENTUM  Two Republicans holdouts voted “yes” on the tax plan, helping the bill to clear the Budget Committee on a party-line 12-11 vote. Senate GOP leaders hope to start procedural votes today, with a final vote on the bill Thursday. http://cvote.it/2BkPIl8 BUREAUCRATIC SHOWDOWN  A federal judge refuses to block President Trump’s pick for head of the [...]

Senate Republicans Could Pass Tax Bill By Week's End

3 months agoNews : The Lookout

WASHINGTON ? Senate Republicans made significant progress on their tax proposal Tuesday, with the Budget Committee advancing it to the House floor and senators coming close to agreements on a debt trigger, the individual health care mandate repeal and complicated business tax provisions that some Republicans think are too restrictive.

Many Republicans Don’t Like the Tax Bill. But They Keep Moving It Forward

The Senate tax bill went through a familiar cycle on Tuesday. In the morning, Republican lawmakers raised doubts about it that seemed irreconcilable. In the afternoon, they voted for it. The Senate Budget Committee voted 12-11 along party lines to move the bill forward, allowing it to hit the Senate floor later this week, with…

Senate Republicans are getting closer to passing their enormous tax bill

The Senate GOP tax bill cleared the Senate Budget Committee on Tuesday and headed to the full Senate for a possible vote. While as many as eight Republicans were holding out from supporting the bill, a meeting appeared to bring themShow More Summary

The Votes for Tax Reform Are Falling Into Place

As members of the Senate Budget Committee were arriving for a key vote on the Republican tax reform bill on Tuesday, they were greeted by a familiar passel of protesters, chanting, “Shame!” and “Kill the bill, don’t kill us!” The protesters...Show More Summary

Senate Republican tax plan clears hurdle with help from two key GOP holdouts

The Republican effort to rewrite the tax code surged forward Tuesday, as a Senate panel approved the measure and several wavering lawmakers signaled they are leaning toward backing the bill. The Senate Budget Committee voted 12 to 11 to send the $1.4 trillion tax package to the Senate floor for...

Republicans secure critical vote for tax cuts with new gimmick

The Senate Budget Committee voted the GOP Senate plan out of committee 12 to 11 Tuesday afternoon. Senate Republicans, scrambling for the votes to even get their tax bill out of committee, needed something to win over Sen. Bob Corker (R-TN) a “deficit hawk” whose support was uncertain in recent days. Both Corker and Sen. […]

GOP tax bill clears key committee vote despite skepticism from Republican holdouts

The GOP tax plan cleared a key hurdle Tuesday as the Senate Budget Committee voted along party lines to advance the legislation for a full floor vote, likely later this week. Some Republicans on the committee had threatened to vote against the measure, citing concerns about its impact on the deficit...

The GOP tax bill just cleared another huge hurdle

The Senate Budget Committee reported the Tax Cuts and Jobs Act to the full Senate on a party-line vote of 12 to 11. Senate Majority Mitch McConnell said that GOP leaders are still trying to get enough votes to pass their tax bill inShow More Summary

Stocks Soar As Senate Budget Committee Advances Republican Tax Bill On Party-Line Vote

Somewhat calming anxiety over the tax reform bill making it out of committee, Senator Ron Johnson confirmed he would vote 'yes'... Senator Ron Johnson, a Wisconsin Republican, pushed to change the way pass-through businesses would be...Show More Summary

Senate Budget Committee Advances Tax Plan

The Senate Budget Committee has voted to advance the Senate tax bill by a 12-11 margins, with only Republicans voting in favor. The GOP leadership hopes to bring the bill up for a vote before the full Senate by the [...]

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