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Democrats struggle with repeal of key Trump tax provision

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Tags: Economy

The Hill |  House Democrats are grappling with how to address one of their least favorite provisions in the GOP tax law: the $10,000 cap on the deduction for state and local taxes (SALT). A House Ways and Means Committee subpanel held two hearings on Tuesday about the SALT deduction cap, during which local-government officials and House members argued that the cap hurts residents…

House amendment directs FAA to prioritize fighting plane, helicopter noise

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Tags: Economy

WTOP |  As residents describe what appears to be more frequent and louder airplane and helicopter flights over neighborhoods, the House passed an amendment that would direct the Federal Aviation Administration to prioritize combating the noise. The amendment, added to the 2020 transportation appropriations bill, was sponsored by D.C. Delegate Eleanor Holmes Norton, who co-chairs…

Neguse, Beyer and Walorski Introduce Affordable Housing Legislation to Protect Affordable Housing

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Tags: Economy

Today, Representative Joe Neguse (D-CO), along with Representatives Don Beyer (D-VA) and Jackie Walorski (R-IN) and Senators Ron Wyden (D-OR) and Todd Young (R-IN),  introduced bipartisan bicameral legislation to protect the 30-year affordability commitment of housing financed by the Low-Income Housing Tax Credit (Housing Credit). Currently, Housing Credit properties are subject to a…

Rep Beyer Joins Congressional Push on Affordable Housing

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Tags: Economy

Falls Church News Press |  Today, U.S. Rep. Donald S. Beyer Jr. (D-VA), who represents Falls Church,  joined Rep. Joe Neguse (D-CO),  Rep. Jackie Walorski (R-IN) and Sen. Ron Wyden (D-OR) and Todd Young (R-IN),  to introduce bipartisan bicameral legislation to protect the 30-year affordability commitment of housing financed by the Low-Income Housing Tax Credit…

Beyer: OLC Memo Protecting Trump On Tax Returns Is “Pure Projection”

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Rep. Don Beyer (D-VA), a Member of the House Ways and Means Committee made the following statement on the Office of Legal Counsel’s memo on [the Ways and Means] “Committee’s Request for the President’s Tax Returns,” issued Friday afternoon: “The OLC’s legal opinion is pure projection. They write that the Ways and Means Committee’s legislative purpose for seeking the President’s tax…

Beyer, Schweikert, Brown Introduce Bipartisan SEA FUEL Act To Boost Energy Security of U.S. Military

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U.S. Representatives Don Beyer (D-VA), David Schweikert (R-AZ), and Anthony Brown (D-MD) today introduced the Securing Energy for our Armed Forces Using Engineering Leadership (SEA FUEL) Act, which would direct the Departments of Defense and Homeland Security to invest in carbon capture technology. “We have an opportunity to address both carbon emissions and military readiness with the…

New bill would expand low-income housing tax credit program

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Tags: Economy

Marketwatch | A bipartisan group of lawmakers have introduced legislation in both houses of Congress to expand a well-respected housing program. The Affordable Housing Credit Improvement Act of 2019 was introduced by U.S. Senators Maria Cantwell (D-Wash), Johnny Isakson (R-Ga.), Ron Wyden (D-Ore.), and Todd Young (R-Ind.) and U.S. Representatives Suzan DelBene (D-Wash.), Kenny Marchant…

New affordable housing bill aims to add 1.9M units nationwide

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Tags: Economy

Curbed |  A bipartisan group of Senate and House legislators have proposed a sweeping bill to help solve the affordable housing issue yesterday, joining many of the Democratic presidential nominees in making housing a larger issue on the national stage, and showing the nationwide nature of the housing shortage. The Affordable Housing Credit Improvement Act of…

Bipartisan, Bicameral Group Introduces New Legislation to Combat Affordable Housing Crisis

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Tags: Economy

As the country continues to grapple with an affordable housing and homelessness crisis, a bipartisan, bicameral group of U.S. Senators and Representatives today introduced legislation to increase investment in affordable housing and provide more resources and stronger protections for at-risk groups. The Affordable Housing Credit Improvement Act of 2019 was introduced by U.S. Senators…

What happens now on Mexico tariffs and the USMCA

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CNN |  President Donald Trump sabotaged his so-called top priority, the renegotiated NAFTA, on two different fronts Thursday night. First, by angering key House Democrats with his sudden decision to start a procedural 30-day clock on the deal, in a ploy to place pressure on House Speaker Nancy Pelosi. Second, by announcing he would impose escalating tariffs on June 10…