House panel advances tax deal with resounding bipartisan vote

On Friday, a proposed deal to cut taxes for businesses and increase the Child Tax Credit (CTC) passed the House Ways and Means Committee with broad bipartisan support. The tax deal advanced with 40 votes in favor and only 3 votes against. According to the Joint Committee on Taxation (JCT), the total reductions over the […]
Bipartisan House duo writes highway authorities expressing concern over traffic safety sign rule

Rep. Greg Stanton (D-Ariz.) and Rep. Thomas Kean Jr. (RN.J.) sent a letter to Federal Highway Administration (FHWA) Administrator Shailen Butt, calling for “unnecessary restrictions on federal transportation.” safety rules expressing concern about “federal government overreach.” Stanton posted: letter “Unnecessary overreach by the federal government could prevent states like Arizona and New Jersey from using […]
Trump offers bipartisan defense of presidential immunity, cites Obama civilian drone deaths: ‘He meant well’

former president trump He pushed back on Thursday against critics' arguments against presidential immunity, saying that careful consideration of whether a president's actions lead to punishment could prevent either him or a future president from being hampered by an emergency. He said that there is. President Trump told Fox News that if executive privilege were […]
Bipartisan Senate duo writes highway authorities expressing concern over traffic safety sign rule

Democratic Representatives Greg Stanton (Arizona) and Thomas Kean Jr. (New Jersey) sent a letter to Federal Highway Administration (FHWA) Administrator Shailen Butt, raising concerns about federal traffic safety regulations. He expressed concern about “necessary federal overreach.” Stanton posted: letter “Unnecessary overreach by the federal government could prevent states like Arizona and New Jersey from using […]
Lawmakers see hope in bipartisan border-Ukraine talks after White House meeting

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SEC, Gensler face bipartisan backlash over X account hack

Securities and Exchange Commission (SEC) Chairman Gary Gensler said after the agency's social media accounts were hacked last week and falsely claimed to have approved several much-anticipated Bitcoin investment funds. It faces bipartisan political backlash. The SEC ultimately approved an exchange-traded fund (ETF) to hold Bitcoin about 24 hours later, but the agency's high-profile blunder […]
Families of Israeli hostages urge action to get loved ones home in bipartisan Senate press conference

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Here’s what’s in the bipartisan tax deal

Tax leaders in both the House and Senate announced a $78 billion bipartisan agreement Tuesday as they rush to enact provisions before tax season begins in late January. Here are some successful trades: Expansion of child tax credit Under the agreement, the child tax credit will be strengthened, increasing the credit cap from $1,600 to […]
Bipartisan tax deal could boost child tax credit for 2023. What it means for families this tax season – CNBC

Senior MPs made the announcement on Tuesday. $78 billion bipartisan tax deal —Includes a retroactive increase in the child tax credit that could affect families' filings this season. But the proposed legislation could still face hurdles, experts say. The plan would expand the child tax credit retroactively to 2023 by expanding access, increasing the amount […]
Bipartisan senators to host families of American, Israeli hostages at Capitol

A bipartisan group of senators is hosting families of American and Israeli hostages at the U.S. Capitol on Wednesday, commemorating more than 100 days since the Oct. 7, 2023, attack. Senate Majority Leader Chuck Schumer (N.Y.) and Senate Foreign Relations Committee Chairman Sen. Ben Cardin (D-Md.) will be at the Capitol on Wednesday for a […]