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☆ Sen. Josh Hawley is writing a new book calling for a religious revival in America
  + stars: | 2024-05-21 | by ( Bryan Metzger | ) www.businessinsider.com   time to read: +1 min
Josh Hawley is writing his fourth book — while running for a second term in the Senate. It's called "The Awakenings: The Religious Revivals that Made America—and Why We Need Another One." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The Missouri Republican is working on a new book entitled "The Awakenings: The Religious Revivals that Made America — and Why We Need Another One," his publisher confirmed to Business Insider on Tuesday. This story is available exclusively to Business Insider subscribers.
Persons: Josh Hawley, It's, Theodore Roosevelt, —, Sen, Hawley Organizations: Big Tech, Service, Missouri Republican, Business Locations: Missouri
☆ Analysis: US debt-ceiling deal dooms Biden's revolutionary tax plans
  + stars: | 2023-06-01 | by ( David Lawder | ) www.reuters.com   time to read: +6 min
Barring an unlikely Democratic sweep of the White House and both chambers of Congress in 2024, major changes to the U.S. tax code are now seen as largely off the table until the end of 2025, when the 2017 individual tax cuts expire. TAX CHANGES ARE TOUGHBiden's unrealized campaign tax pledges illustrate the political difficulty of changing the U.S. tax code, barring a commanding majority in Congress. "House Republicans have successfully blocked every penny of President Biden’s tax hikes on families, farmers, and small businesses in the debt ceiling deal and protected the 2017 Tax Cuts and Jobs Act from repeal," said U.S. House Ways and Means Chairman Jason Smith. The Missouri Republican added that Americans want Congress to build on the Trump tax cuts "with more tax relief." Republicans will argue for making the 2017 individual tax cuts permanent, said John Gimigliano, KPMG's head of federal tax legislative and regulatory services.
Persons: Joe Biden's, Biden, That's, William McBride, Joe Manchin, Kyrsten Sinema, Jason Smith, Michael Kikukawa, Kikukawa, John Gimigliano, Gimigliano, Steve Rosenthal, Rosenthal, David Lawder, Heather Timmons, Matthew Lewis Organizations: Saturday, Revenue Service, Trump, White, Tax Foundation, Democratic, Republican, Republicans, IRS, House, The, The Missouri Republican, Economic Co, Congressional, Brookings Tax, Center, Thomson Locations: Washington, The Missouri
☆ Yellen defends request for $29 bln increase in IRS enforcement funds
  + stars: | 2023-03-10 | by ( David Lawder | ) www.reuters.com   time to read: +2 min
WASHINGTON, March 10 (Reuters) - U.S. Treasury Secretary Janet Yellen on Friday defended a Biden administration budget request for an additional $29.1 billion in IRS enforcement funds as Republicans in Congress pressed her to explain how $80 billion funds approved last year would be spent. The budget proposal aimed at boosting tax enforcement and collections comes on top of a fiscal 2024 appropriations request of $14.1 billion, marking an increase of $1.8 billion, or 15% over the 2023 IRS budget. "You already got $80 billion for the IRS. The additional $29.1 billion in long-term enforcement investments would add two more years to the $80 billion program for 2032 and 2033, according to the budget. Yellen also said that the "vast majority" of hiring at the agency from the $80 billion would go towards replacing retiring employees over the next decade.
☆ Republican senators want Mitch McConnell and Rick Scott to stop their 'petty bickering': 'Can't we all just get along?'
  + stars: | 2023-02-14 | by ( Bryan Metzger | ) www.businessinsider.com   time to read: +5 min
Mitch McConnell and Rick Scott are feuding over the Florida Republican's "12 point plan" yet again. "I don't think we need petty bickering within the Republican conference," said Sen. Cruz of Texas. Andrew Caballero-Reynolds/AFP via Getty Images"They're good at that," observed Republican Sen. Mike Braun of Indiana, referring to Biden's use of the plan. mused Republican Sen. Mike Lee of Utah on Twitter over the weekend. "If you want to go out and say that you want to change Social Security and Medicare, go right ahead," said Hawley.
☆ Josh Hawley says Republicans should ban congressional stock trading as their top priority in 2023 after Democratic efforts falter
  + stars: | 2022-10-13 | by ( Warren Rojas | ) www.businessinsider.com   time to read: +4 min
Hawley says GOP leaders should make banning congressional stock trading their top priority. Congressional Democrats have floated various trading bans but haven't found a unifying fix. How about Congress pass an actual stock trading ban?" Fellow stock trading ban advocate Sen. Jeff Merkley announced a few weeks earlier that Senate Democrats were punting their own compromise bundle into the lame-duck session. Hawley's stock trading proposal, which only applies to congressional members and their spouses, currently has no cosponsors and is less comprehensive than many of the languishing Democratic proposals.
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