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House Passes Tax-Reform Bill – 12 Republicans, All Democrats Vote Against

After more than six weeks of frenzied negotiations, the House of Representatives has passed the reconciled version of President Donald Trump's tax plan, leaving only one major hurdle between Republicans and their biggest legislative accomplishment of the Trump era. In a 227-203 vote, the House passed the tax plan over united Democratic opposition, as well […]


Republican Tax Plan Is Headed For Final Round Of Votes

Barring some unforeseen catastrophe (or another floor-vote surprise akin to Sen. John McCain’s last minute decision to strike down the Senate’s plan to repeal and replace Obamacare), Congressional Republicans appear all but certain to pass the reconciled version of President Donald Trump’s tax-cut plan – the first time Congress has successfully passed comprehensive tax reform […]


“All-In” On Tax Reform

Authored by Lance Roberts via RealInvestmentAdvice.com, Review & Update In last week’s “Technically Speaking” post I discussed the S&P 500 hitting 2700 by Christmas. To wit: “As stated in the title, the current push higher puts 2700 in sight by the time Santa fills the ‘stockings hung by the chimney with care.’   As shown […]


These Are The Top 5 Legislative Issues That Could Force The Next Government Shutdown

House Republicans successfully managed to kick the can down the road (if only for two weeks) when they managed to pass a two-week extension last week of the continuing resolution that had been funding the government since September. But after overcoming obstacles created by Democrats and conservative Republicans – with each camp pushing for priorities […]


“It’s A Crisis Situation”: One Chart Explains Why Obamacare Is Locked In An Inescapable Death Spiral

Ever since it was signed into law in 2010, defenders of Obamacare have dismissed staggering surges in annual premiums by highlighting only the rates paid by those fortunate enough to receive subsidies.  In fact, last year we wrote about Marjorie Connolly’s, from Obama’s Department of Health and Human Services, response to the Tennessee insurance commissioner’s […]


House Set To Vote On Stopgap Spending Bill Tomorrow

Update (5:30 pm ET): House Republicans are moving ahead with a plan to avoid a shutdown after the House Rules Committee approved a rule change that will allow Republicans to bring a two-week stopgap plan up for a floor vote Thursday, allowing the senate until end-of-day Friday to avoid a shutdown. The plan helped Speaker […]


Shutdown Imminent? Bitter Divisions Remain As Lawmakers Scramble To Pass Funding Bill

Lawmakers are just two days away from the expiration of the continuing resolution that's been funding the government for the last two months, and yet many battles over a host of intractable issues are still being fought. At this point, passing something by midnight Friday – when the continuing resolution expires -is looking increasingly problematic. […]


GOP Releases All 479 Pages Of The Tax Reform Bill – “Vote-A-Rama” Begins

The Senate tax bill is headed for a potentially unlimited series of decisions on possible amendments – known as “vote-a-rama” – as the full text of the revised bill has just been released. As Bloomberg reports, it’s unclear how long that process might take, though we do note that unlike Obamacare, Senators will at least […]


Futures Surge As Johnson, Daines Greenlight Tax Bill

After a planned series of votes on the Trump tax plan were called off last night, GOP senators were scrambling to assuage the concerns of Republican holdouts who suddenly decided that the tax bill would blow out the deficit after one proposal – a so-called “trigger” that would automatically raise taxes if revenue targets aren’t […]


In Critical Test Of Tax Reform Bill, Senate Narrowly Approves Motion To Start Debate With 52-48 Vote

Update (5:55PM EST): After a full day of debating the GOP tax reform bill, the Senate has now approved a motion to…drum roll please…debate the GOP tax reform bill.  As we detailed below, this was the first big test for the GOP’s tax bill before the entire Senate and it narrowly passed with a vote […]


GOP “Lovefest” Or McCain Mayhem: Crucial Procedural Vote On Senate Tax Bill Expected Later Today

Update (3:15PM EST): Senator Lisa Murkowski (R-AK), who was a key swing vote against several Obamacare repeal and replace bills earlier this year, has confirmed that she will vote in favor on the Senate’s tax bill. Alaska’s Sen. @lisamurkowski will vote YES on the GOP tax bill, her office tells me. — Garrett Haake (@GarrettHaake) […]


David Stockman Slams The GOP Tax Bill: “Fuggedaboutit!!”

Authored by David Stockman via Contra Corner blog, The GOP has become so politically desperate that they might as well enact a two-word statute and be done with it. It would simply read: Tax Bill! Actually, that's not far from where they are in the great scheme of things. The Senate Finance Committee's bill is a dog's breakfast […]


Obamacare Set To Drive New Wave Of Hospital Bankruptcies

Back in 2008, one of the biggest arguments in favor of Obamacare was that the legislation would help alleviate bad debt at hospitals created by people who required emergency care but didn’t have health insurance or the financial means to cover their treatment.  Of course, like most promises made about Obamacare, the exact opposite of […]


Congress Is Bracing For A “Nightmare” December

Since President Donald Trump took office in January, the GOP Congressional leadership has repeatedly failed to corral the votes needed to transform the president’s legislative agenda into law, largely thanks to the Republicans’ razor-thin majority in the senate, which has bred factionalism and encouraged senators to play hardball to try and strong-arm the leadership into […]


In Win For White House, Rand Paul Says He Will Vote ‘Yes’ On Tax Reform

In a surprising reversal that President Donald Trump will undoubtedly tout as a major victory, Kentucky Senator Rand Paul has publicly confirmed that he will be voting ‘Yes’ on the GOP tax plan when the senate votes on it later this week. Paul says he will vote ‘yes’ even though the tax overhaul “isn’t perfect” […]