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Topic - Finance Committee

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  • Illustration by Linas Garsys for The Washington Times

    EDITORIAL: Obamacare off the rails

    Sen. Max Baucus, who as chairman of the Finance Committee guided Obamacare down the tracks in the U.S. Senate, is changing his tune now that he's about to retreat into Montana to hide in placid retirement. He sees "a huge train wreck coming down" with the implementation of President Obama's health care takeover. Now he tells us.

  • Divided Va. Senate panel OKs transport funds bill

    Gov. Bob McDonnell’s transportation-funding package won a Senate committee’s endorsement Thursday despite the reservations of some of his fellow Republicans and outright opposition from Democrats.

  • Virginia Gov. Bob McDonnell has proposed giving public schools a letter grade, a move that is seen as essential to generating parental and community support for improving schools. (Associated Press)

    Va. Senate panel OKs grading schools

    Two major components of Republican Gov. Bob McDonnell’s education reform agenda won a Senate committee’s endorsement Thursday on the narrowest of party-line votes.

  • Sen. Max Baucus, Montana Democrat, chairman of the Senate Finance Committee pauses following final votes as the Senate leaves for a five-week recess, on Capitol Hill in Washington, Thursday, Aug. 2, 2012. (Associated Press)

    Slaying the monstrous tax code is no easy task

    From President Obama to House Speaker John A. Boehner, there's broad consensus that Congress needs to unclutter the federal tax code and remove the special breaks that litter its 70,000 pages -- but Thursday's dry run in a Senate committee showed just how tough it will be to slash.

  • Illustration Home Money by Linas Garsys for The Washington Times

    FITTON: Crony capitalism, Countrywide and Congress

    "Crony capitalism" has become a popular buzz phrase when speaking of the bailouts as American taxpayers struggle to make sense of the corrupt relationships that led to the financial crisis.

  • **FILE** Sen. Tom Coburn, Oklahoma Republican (Associated Press)

    Democrats fume after Coburn stops spending bill

    For years, it's been the budget secret of Washington — the rules allow Congress to spend money in one year and then take 10 years to refill the government's coffers, all the while piling up the national debt because the money has to be borrowed.

  • Hatch

    After fight for political survival, tax reform could be Hatch’s legacy

    Rare is the tea party-tested Republican senator who hangs an image of the Kennedys' Hyannisport home over his desk and shows off the painter's personal inscription.

  • Associated Press
Regarding any deal to overhaul the nation's tax code, Rep. Joe Wilson, South Carolina Republican, said, "While I generally support tax reform and getting rid of loopholes, I would have to see what loopholes we're talking about."

    Congress members agree to fix tricky tax code

    Amid all the unbridled partisanship and naysaying about Washington gridlock, a glimmer of consensus has begun to develop in Congress around the herculean task of fixing the nation's tax code.

  • Regarding any deal to overhaul the nation's tax code, Rep. Joe Wilson, South Carolina Republican, said, "While I generally support tax reform and getting rid of loopholes, I would have to see what loopholes we're talking about." (Associated Press)

    Congress members agree to fix tricky tax code

    Amid all the unbridled partisanship and naysaying about Washington gridlock, a glimmer of consensus has begun to develop in Congress around the herculean task of fixing the nation's tax code.

  • Virginia Senate nears budget resolution

    An amended Senate budget that provides $300 million in additional funds for the Dulles Metrorail project and millions more for K-12 and pre-K education passed the Senate Finance Committee unanimously Thursday, as Virginia's lingering budget stalemate took a step closer to resolution.

  • Sen. Richard L. Saslaw (Associated Press)

    Virginia budget likely to stall in Senate

    A leading Democrat said Sunday the Senate's budget probably would not pass the full chamber at this point, potentially throwing the process of approving Virginia's two-year, $85 billion spending proposal into a protracted partisan standoff.

  • D.C. Council member Muriel Bowser (T.J. Kirkpatrick/The Washington Times)

    Bowser foe rips D.C. Council member's ethics panel status

    A political opponent urged D.C. Council member Muriel Bowser on Tuesday to step down as chairwoman of a committee in charge of ethics reform, citing the Ward 4 Democrat's ties to David W. Wilmot, a prominent lobbyist and land banker who represents Wal-Mart, which is building a store in Ward 4, and "who serves as the finance chairperson" of Ms. Bowser's re-election campaign.

  • Sen. Orrin G. Hatch, Utah Republican

    Supercommittee deadline looms this week

    House and Senate committees must submit their deficit-slashing ideas to the supercommittee by the end of the week, giving the 12 members a little more than a month to consider them before the Thanksgiving deadline to agree on a deficit-reduction plan.

  • Progress slow on free-trade pacts as GOP balks on TAA

    House Republicans are bucking demands from the Obama White House to include renewal of a U.S. job-training assistance program in long-pending legislation providing free-trade agreements with South Korea, Colombia and Panama.

  • Alaska Gov. Sean Parnell wants to boost Alaska's declining energy production with tax cuts on oil and gas companies. His proposal, which modifies a tax structure implemented by former Gov. Sarah Palin, passed a House committee 7-2 this week. (Associated Press)

    Alaska's Parnell seeks tax cuts for oil, gas firms

    Alaska's energy production is declining, and Gov. Sean Parnell is hoping to help revive it by cutting taxes on oil and gas production, modifying a tax structure implemented by then-Gov. Sarah Palin.

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