Tom Reed

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House Republicans Nearing Agreement to Pass Tax Package

But they're still working out how to pay for new tax breaks

(Newser) - Congressional Republicans on Tuesday were speeding toward an agreement on a massive tax package that would ease the hit on Americans living in high-tax states and appease corporations that could have lost precious tax breaks. Negotiators were working to expand a deduction for state and local taxes to allow individuals... More »

Iran: We're Going to Produce Way More Oil

Even if it means tanking global crude prices

(Newser) - Following an initial nuclear deal between Tehran and the West, Iran is planning to ramp up its oil production, its oil minister says. "We will produce 4 million even if the price drops to $20," says Bijan Namdar Zanganeh. That's about a sixth of the current price,... More »

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