Kevin Brady

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Dad of 2 Adopted Sons Defends Decision to Cut Tax Break

Rep. Kevin Brady says credit is 'not working,' explaining its removal in tax proposal

(Newser) - The tax overhaul in the works has drawn controversy over possible changes to 401(k) plans and deductions for homeowners, but another, lower-profile topic has emerged as a sore point. The House plan unveiled last week would eliminate a one-time tax break for families that adopt children. The break can be... More »

House GOP Won't Cut Taxes for Wealthiest Earners

But corporate tax rate will be slashed from 39% to 20%

(Newser) - Furiously working to finish a tax bill, House Republicans have decided to keep the income tax rate for the wealthiest earners in the face of Democratic criticism that the overhaul pushed by President Trump would benefit the rich. The GOP blew past its self-imposed deadline for public release, with the... More »

Your 401(k) Contributions May Not Be Safe After All

House tax-writing chief Kevin Brady suggests limits are in play, despite Trump's opposition

(Newser) - President Trump declared emphatically this week that 401(k) contributions were off-limits to congressional negotiators working on changes to the tax code. But on Wednesday, one of those negotiators—in fact, one of the most influential ones—suggested otherwise, reports the Washington Post . Kevin Brady, who chairs the House tax-writing committee,... More »

House GOP Blocks New Effort to Obtain Trump's Taxes

Democrats' 3rd, 4th attempts were voted down

(Newser) - House Republicans on Tuesday blocked more attempts by Democrats to obtain President Trump's tax returns from the IRS. House Democrats tried for a third and a fourth time to use procedural votes to pry loose Trump's returns. Republicans blocked both efforts, one on the House floor and the... More »

Dems Aren't Giving Up on Seeing Trump's Tax Returns

And Republican Lindsey Graham wants to make it mandatory for candidates

(Newser) - Senate Democrats seeking President Trump's tax returns hoped a strongly worded letter might finally do the trick. Didn't work. Seven Democrats on the Finance Committee wrote to GOP Chairman Orrin Hatch on Wednesday, asking that he use his authority to make the returns available to the committee for... More »

If We Took Buffett's Advice, How Much Would It Help?

Quite a bit—but it likely won't happen

(Newser) - Warren Buffett made waves yesterday when he told the federal government to stop "coddling" him and other wealthy Americans and raise taxes on the rich. His plan would roll back the Bush tax cuts on people who earn more than $1 million and on capital gains and dividends income,... More »

How Many Cigarettes for a Cell Phone?

Prisons awash in smuggled phones as authorities crack down

(Newser) - We know the kind of thing that gets traded on the prison black market: weapons, alcohol, drugs, cigarettes. Now add cell phones to the list, Time reports: Authorities say there is an epidemic of smuggled cell phones, which have been used to orchestrate crimes, plot escapes, and harass witnesses, in... More »

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