Adoption of House Resolution 657, if ordered, and passage of House Resolution 1638. The first electronic vote will be conducted as a 15minute vote. Remaining electronic votes will be conducted in fiveminute votes. The Unfinished Business is the vote on ordering the previous estion on House Resolution 657 which the yeas and nays are ordered. The clerk will report the resolution. The clerk house calendar number 109. Are House Resolution 657, resolution providing for consideration of the bill h. R. 2396, to amend the grammleachbliley act to update the exception for certain annual notices provided by Financial Institutions. And providing for consideration of h. R. 4015 to improve the quality of proxy Advisory Firms for the protection of investors, and the u. S. Economy, and in the public interest, by fostering accountability, transparency, responsiveness and competition in the proxy Advisory Firm industry. The speaker pro tempore the question is on ordering the previous question. Members w
It goes downhill from there. That is clear political bias, contempt for the President Trump inside the investigation. Today we will pill back the layers of the story. You will see the deep state of work. Now look at this pivot 99 of the vote counted, Democrat Doug Jones at wheaton republican roy moore in the Alabama Senate race. A defeat for President Trump for backward more. It is a defeat for the Republican Party which will have a slim 5149 majority in the senate. Democrats much stronger than the 2018 elections. This one affects the compromise on taxes. A corporate rate of 21 and a top individual rate of 37 . Given the alabama result, the republicans very quickly. Money looking at a market that will open flat to slightly higher through the focus on tax cuts in getting the deal done quickly. The president make his final pitch this afternoon. Varney company is about to begin. Well, talk about a political bombshell. Here it is printed text between peter strzok and lisa paige obtained by
Congressmanhio talks about the senate race and the upcoming fiscal headlines. Good morning, everyone. It is thursday, december 14. It appears the republicans have a tax deal. In their effort to make reforms happen before the christmas holiday, they have come together on some final provisions. We want to know your thoughts this morning on republican efforts to tax just to pass the tax reform bill by next week. To pass the tax reform bill by next week. Twitter, as well. Or you can go to facebook. Good morning. We will get to those calls in a minute. Lets begin with politicos headline. Here he is at the white house yesterday. Thank you all. It is important for congress to quickly pass these the store test cuts historic tax cuts. This will take place before the media did you notice daca as opposed did you notice . As opposed to fake news because today is a very important day. I am excited to announce that if Congress Sends me a bill before isistmas, the irs, this breaking news has just con
Should be focused on what is it welcome to power lunch we are in rally mode the nasdaq hit its first record for december the dow jones and the s p 500 on the fourth straight week of gains. Consumer discretionary moving big. Underarmour moving higher. Kohls also. And take a look at the electronic retailer, up more than 50 this year thank you we begin this hour with tax refo reform expected to be agreed torsion signed, eventually unveiled to the public later today we still await the final details of what is in and what is out. Live in washington reporter two sources now confirming to me marco rubio does plan to support the republican tax bill. They put in some lastminute changes to win him over. Namely increasing the refundable portion of the Child Tax Credit. Just about an hour ago, kevin brady who chairs the ways and Means Committee spoke about at the chances of the bills passage, not just through house but also the senate where republicans have a very narrow margin im confident at the
One of the thins theyre highlighting in this bill are the new tax brackets. Now, theyre promising a family of four that earns roughly 73,000 would receive a tax cutoff 2059 but as you see in these tax brackets its going to change wildly depending on if you file as a single filer or as a married filer filing jointly. The key here is that they lower ed the top rate down to 37 married filing jointly 600,000 and above, for a single filer 500,000 and above. On the salt deduction, so important to people who itemize and live in high tax states. You will be able to deduct state and local taxes, your property taxes, your income tax or sales tax up to a cap of 10,000. Mortgage interest, it is maintained but whereas right now , its mortgage interest on a value of a mortgage of a million dollars, it will be 750,000, essentially starting on the first of the year. If you currently have a mortgage , nothing changes for you. If you get a new mortgage in 2018, thats where the change will occur so again