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Category: Congress

Senate Passes Sweeping Tax Bill That Overwhelmingly Benefits the Wealthiest Americans

Senate Majority Leader Mitch McConnell tells reporters “we have the votes,” as he walks to the Senate chamber on Friday.J. Scott Applewhite/AP Looking for news you can trust?Subscribe to our free newsletters. Just before 2 AM Saturday morning, Senate Republicans passed the most sweeping tax legislation in 30 years. The final version of the three-week-old bill was not released until…

Republicans Only Circulated Their 500-Page Tax Bill Hours Before the Vote. Read It Here.

J. Scott Applewhite/AP Looking for news you can trust?Subscribe to our free newsletters. On Friday, Republican lawmakers spent hours scrambling to rewrite its sweeping overhaul of the tax code. Now, it appears that the new 479-page bill is finally circulating, nevermind that it’s just hours before the Senate is expected to vote on it. Unsurprisingly, Democratic lawmakers aren’t thrilled about it.  Here’s…

Elizabeth Warren Just Sent a Scathing Letter to Treasury Secretary Steve Mnuchin About His Tax Bill Charade

Sen. Elizabeth Warren, D-Mass., questions Treasury Secretary Steve Mnuchin during a Senate Banking Committee hearing earlier this year. Tom Williams/CQ Roll Call via AP Images Update: On Thursday night, the Treasury Department’s Inspector General’s office launched an inquiry into whether the department performed an analysis of the Senate tax bill. The Inspector General’s office counsel…