Tag: senate

Congress Passed the Banking Bill. Here’s What City Leaders Need to Know.

In the wake of the Great Recession, there was broad consensus that Congress and bank regulators needed to take measures to ensure the largest banks in the country, those deemed systemically important financial institutions (or SIFIs), were safeguarding themselves and the role they play in the national economy from dangerous levels of risk. On July

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In the Senate, Immigration Reform Hits a Wall

This week, the Senate took up debate on immigration reform, a long-awaited moment for both this chamber and the country. On the table were several politically charged issues, including both the Deferred Action for Childhood Arrivals (DACA) program and President Trump’s proposed border wall. But after a week of unsuccessful bargaining and a series of

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What the ‘Tax Cuts and Jobs Act’ Will Mean for Cities

After a last-minute procedural delay forced the House of Representatives into a re-vote, the Tax Cuts and Jobs Act (H.R. 1) this morning passed both houses of Congress. The bill  will now head to President Trump, who is expected to sign it into law. The Senate had to make several last minute changes to the

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Senate Plan Threatens State and Local Tax Deduction

Thursday evening, the Senate passed the FY2018 Budget reconciliation spending blueprint, paving the way for a potential $1.5 trillion tax cut. In a misguided effort to provide a pay for an ambition tax reform plan yet to be seen, Senator Shelley Moore Capito (W.Va.) proposed an amendment that opens the door to a cap or

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In Washington, Competing Forces Work to Reform Healthcare Markets

In Washington, news of the latest healthcare reform efforts seem to change by the hour. But it’s been a particularly productive week on the issue, as both Congress and the Administration made moves to implement competing agendas. Here’s a quick recap of what happened: On October 12th, the Trump Administration made two large announcements impacting

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