corporations

Booker Tacks Toward Democratic Party’s Base
Liberals eye New Jersey senator warily over ties to Wall Street and drug companies

New Jersey Sen. Cory Booker speaks Wednesday during Vermont Sen. Bernie Sanders’ event to introduce the so-called Medicare for All Act of 2017. (Bill Clark/CQ Roll Call)

New Jersey Sen. Cory Booker worked on burnishing his liberal credentials on economic and health care policy this week, which could appeal to his Democratic Party’s skeptical base. 

The first-term senator is considered among the many potential Democrats in the chamber who could run for president in 2020. But liberals are wary of him because of what they see as his ties to financial industries.

Ted Cruz Lays Marker on Tax Reform
Texas Republican wants tax bill that repeals Dodd-Frank

Texas Sen. Ted Cruz wants a tax overhaul package that goes much further than what is being developed. (Bill Clark/CQ Roll Call File Photo)

Updated 1:54 p.m. | Laying down a conservative marker for overhauling the tax code, Sen. Ted Cruz is calling on tax writers to go much bolder than they probably intend.

The Texas Republican wants to use as long as a 30-year budget window for a reconciliation bill that would be focused on tax cuts, rather than on a deficit neutral proposal. But the unlikeliest of the Cruz proposals is using the same reconciliation vehicle to roll back the Dodd-Frank financial regulatory law.

Trump Reaches Out to Centrist Democrats on Taxes
Trump’s team has ‘some optimism’ that Heitkamp will support coming overhaul package

President Donald Trump is making overtures to centrist Democrats like Sens. Jon Tester and Heidi Heitkamp, who will accompany him on Air Force One on Wednesday to her home state of North Dakota. (Tom Williams/CQ Roll Call file photo)

President Donald Trump is sending mixed messages to incumbent Senate Democrats up for re-election in red states as he and GOP leaders try to woo bipartisan support for a major tax overhaul package. 

With his public calls for centrist Democrats to support an emerging GOP tax plan, Trump has underscored his desire to cement a legislative victory before the 2018 midterm elections. But Democrats wonder if he is sincere or if he simply intends to attack them, as he did last week by calling out Sen. Claire McCaskill, D-Missouri, during a tax speech in her home state. 

Analysis: Why Recent Tax Overhaul Efforts Failed and This One May, Too
Republicans taking tax message on the road this week without details

House Ways and Means Chairman Dave Camp, second from right, and Senate Finance Chairman Max Baucus, third from right, speak with executives at an appliance store in Lawrence, N.J., during a stop on their 2013 tour to promote their tax overhaul effort. (Bill Clark/CQ Roll Call File Photo)

The last time Republican tax writers unveiled legislation for overhauling the tax code, it elicited this telling response from the speaker of the House: “Blah, blah, blah, blah.”

It was Feb. 26, 2014, and the House Ways and Means Committee had just unveiled a tax overhaul discussion draft, with full legislative text and both dynamic and static scores from the Congressional Budget Office.

Couple Wants to Make Lobbying Accessible and ‘Good’
Billy and Callie DeLancey left their jobs to start nonprofit

Billy and Callie DeLancey of Lobbyists 4 Good were married in May of last year. (Courtesy Billy and Callie DeLancey)

On one D.C. couple’s first date, they discovered that they both shared a goal of starting a nonprofit.

Less than a year after their wedding, Billy and Callie DeLancey kicked off Lobbyists 4 Good.

Third Corporate Tax Rate Proposal Enters GOP Debate
‘We need to be bold on that’

Rep. Mark Meadows, R-N.C., leaves a meeting of the House Republican Conference in the Capitol on April 26, 2017. (Tom Williams/CQ Roll Call)

House Freedom Caucus Chairman Mark Meadows on Wednesday called for cutting the corporate tax rate to 16 percent, presenting a third number for Republicans to consider as they seek to rewrite the tax code by year’s end.

President Donald Trump has called for a 15 percent corporate rate, while the House Republican leadership’s blueprint calls for 20 percent. The top federal corporate rate is now 35 percent. 

Reichert Gets Democratic Challenger
Former King County Deputy Prosecutor plans to run as a populist

Jason Rittereiser, a former deputy prosecutor, accused incumbent Republican Rep. Dave Reichert of “hiding from his constituents.” (Jason Rittereiser for Congress via Facebook)

Senators to Grill FBI Pick Wray on Independence, Terrorism
‘I say this without hesitation — Chris simply does not make mistakes’

FBI Director nominee Christopher Wray’s confirmation hearing on Wednesday comes at a tumultuous time for the bureau and the presidency. (Tom Williams/CQ Roll Call)

Christopher Wray won’t be able to escape questions about President Donald Trump at his Senate confirmation hearing Wednesday to be the next FBI director, but he’ll draw on his reputation and experience to make his case.

Wray’s nomination comes at a tumultuous time for the bureau and the presidency. Trump abruptly fired FBI director James B. Comey in May amid the bureau’s probe into connections between the president’s campaign and Russian operatives during the 2016 election.

Black Predicts Markup of FY 2018 Budget Next Week in House
‘If we can’t find a way to cut one penny on a dollar, shame on us’

Chairwoman Diane Black, R-Tenn., and ranking member John Yarmuth, D-Ky., listen to testimony by OMB Director Mick Mulvaney during a House Budget Committee hearing in Longworth Building titled "The President's FY2018 Budget" on May 24, 2017. (Tom Williams/CQ Roll Call)

The House Budget Committee may mark up its fiscal 2018 budget resolution next week, according to Chairwoman Diane Black.

The Tennessee Republican told the Rotary Club in Jackson, Tenn., on Wednesday that she’s “hoping we’re going to bring [it] up this upcoming week, when we get back and pass it out of our committee.”

Taiwan Officials Eyeing Republican Plan for Tax Code Overhaul
Changes seen as potential investment boon

Speaker of the House Paul Ryan, R-Wisc., may have an attentive audience among Taiwanese investors when he’s talking about giving the U.S. tax code a makeover. (Bill Clark/CQ Roll Call File Photo)

 

House Speaker Paul D. Ryan reaffirmed Tuesday Congressional Republicans’ intention to give the U.S. tax code a makeover. Among those listening with keen interest to Ryan’s announcement?