Billy House
ReporterBilly House is a reporter with Bloomberg.
Billy House is a reporter with Bloomberg.
The House Freedom Caucus suggested Congress pay for emergency aid to Israel by repealing the IRS expansion, among other possibilities.
The measure now heads to the Senate where lackluster Republican support threatens to sink it.
Speaker Mike Johnson will allow a vote on a $78 billion business and child tax break bill, siding with corporations over a group of Republicans who objected to the package negotiated with Senate Democrats.
A growing divide is emerging between Republicans and the business interests the GOP once unflinchingly championed.
The dollar figures in the report come from two years of records obtained by Democrats after a protracted court battle with Trump's former accounting firm.
The latest indictment against the president's son accuses him of avoiding taxes while living lavishly, including withdrawing $1.66 million in cash over a four-year period.
A series of tentative compromises were worked out on spending caps, the defense budget and IRS funding.
While McCarthy offered a customary nod to hopes of cooperation with political opponents, he concentrated on unifying Republican populists by taking aim at enemies like the IRS.
Businesses are lobbying hard for Congress to pass a package of tax breaks worth about $100 billion before the end of the year.
The House speaker cast doubt on a drive by progressive Democrats to get some version of President Biden’s agenda through Congress by March 1.