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United States Senate Committee On Finance
Latest United States Senate Committee On Finance Items
Republican congressman W. Todd Akin has been slowly rebuilding his Senate campaign in Missouri after apologizing for inflammatory remarks about pregnancy and rape.
House Republicans will take one last shot at President Obama's executive authority before rushing home for November's elections when they vote this week on a bill blocking him from waiving work requirements from the bipartisan 1996 welfare reform law.
The Senate Finance Committee recently voted 19-5 to approve a proposed "tax extenders" package that includes an extension of the federal wind energy production tax credit. This move signaled a truly bipartisan effort to provide a stable business environment for the growth of nearly 500 U.S. factories and 75,000 workers in the U.S. wind power industry. Yet major misunderstandings persist about wind power's impact on wildlife ("Wind-energy tax credits fund bird murder," Commentary, Aug. 7).
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.
The Senate's tax-writing panel is moving to revive dozens of tax breaks for businesses like biodiesel and wind energy producers, even as the GOP-controlled House trumpets symbolic legislation to erase them and create a new tax code with lower rates and fewer special interest tax breaks.
With three months to go before Election Day, President Obama's campaign manager faced a fusillade of questions Wednesday about whether he deliberately skirted disclosure rules during his time as deputy White House chief of staff, undermining the administration's claim to be "the most transparent administration in history."
Embracing President Obama's plan to extend only some of the Bush-era tax cuts, Senate Democrats on Wednesday passed a bill that would mean stable income tax rates for most Americans but a sizable increase for the wealthiest.
With the presidential campaigns entrenched in hand-to-hand fighting, Democrats are looking for a way to capture the voters' attention. They think they've found the edge with new policies designed to increase government dependency. The latest gambit would relieve benefit recipients of any personal responsibility.
At first glance, a bill that encourages companies to relocate jobs to the U.S. from overseas seems like a solid candidate for widespread support.