Orrin Hatch

The president may fall short of a single major legislative accomplishment in 2017.

Senate Majority Leader Mitch McConnell’s new proposal to simply repeal Obamacare appears to be dead less than 24 hours after he dropped his replacement plan for lack of support among fellow Republicans.

The American Institute of CPAs sent a set of tax reform recommendations to Senate Finance Committee chairman Orrin Hatch, R-Utah, as the committee held back-to-back hearings Tuesday morning on tax reform and confirmation of an Assistant Secretary of the Treasury who will be in charge of tax policy and came from a firm that promoted controversial tax shelters.

The long-awaited Obamacare replacement plan from Senate Republicans wouldn’t do much to preserve coverage for millions of poor and working-class people, but it would deliver tax cuts to the wealthiest Americans.

Opponents of the GOP health-care legislation bill are trying to revive grassroots resistance ahead of a possible vote next week, but progressive groups worry that the investigations into President Donald Trump and his campaign are diverting from efforts to derail a Senate version of the bill.

Groups fighting the Republican drive to replace Obamacare say they’re worried that investigations into President Donald Trump and his campaign are diverting from efforts to derail the GOP health-care bill.

Senate Finance Committee chairman Orrin Hatch, R-Utah, is asking for ideas, proposals and feedback on tax reform as efforts in Congress heat up on overhauling the federal tax code.

The push to change congressional budget rules and enact tax cuts for longer than 10 years even if they add to the deficit received more support Thursday as the top Senate tax writer endorsed it.

Three Republican lawmakers who chair key congressional committees and subcommittees related to tax policy have sent a letter to Internal Revenue Service Commissioner John Koskinen asking about the IRS’s recent efforts to gain more information about users of Coinbase, the largest Bitcoin exchange in the U.S.

Republican senators said it’s unclear whether their chamber will repeal all of the taxes imposed under Obamacare as they set aside the health-care bill passed by the House and prepare to write their own from scratch.

President Donald Trump faces many hurdles in delivering his promised tax cut, but none may be more formidable than the congressional calendar.

The president will call for cutting taxes for individuals and lowering the corporate rate to 15 percent after briefing GOP leaders.

IRS Commissioner John Koskinen testified at a Senate hearing Thursday about tax season, a day after a group of House Republicans wrote to President Trump asking him to fire Koskinen.

Senate Majority Whip John Cornyn said Thursday it’s uncertain whether Congress will offset the tax cuts that Republicans hope to deliver with new revenue, creating the chance that their tax-overhaul plan would be limited to 10 years.

GOP lawmakers are hearing arguments from retailers and other companies that the import changes would hurt consumers. But a new report suggests solid information may be hard to come by.

A news report that the European Union and other U.S. trading partners are preparing to challenge House leaders’ proposal to overhaul U.S. corporate taxes spurred the plan’s leading congressional advocate to declare that it would survive “any challenge that they bring.”