The Senate has passed a bipartisan housing affordability bill, notably sponsored by Senators Tim Scott (R-S.C.) and Elizabeth Warren (D-Mass.), marking a significant legislative step on housing issues.
A new Senate housing bill is gaining bipartisan support, notably backed by Senators Tim Scott and Elizabeth Warren, indicating potential for legislative progress on housing issues.
Senators Ask Treasury To Unilaterally Index Capital Gains, Bypassing Congress
Senators Ted Cruz and Tim Scott are asking Treasury Secretary Scott Bessent to unilaterally implement a major capital gains tax cut -- by letting taxpayers adjust their cost basis to account for the effects of inflation. In a letter they intended to send on Tuesday, the pair will argue that it's within Bessent's authority to make such a move, without the need for legislation,
“Using your executive auth...
Senator Thom Tillis is reportedly blocking Kevin Warsh's Fed confirmation hearings, with Senator Tim Scott hoping the probe into Fed Chair Jerome Powell 'goes away' to allow a vote on Warsh's confirmation.
Senators Ted Cruz and Tim Scott are reportedly asking the Treasury Department to approve a $200 billion tax cut without requiring congressional approval.
Sen. Tim Scott remains optimistic about GOP expanding Senate majority in midterm elections despite challenging political climate and economic concerns.
Senators Ted Cruz and Tim Scott have called on the Treasury Secretary to approve a $200 billion tax cut on capital gains without requiring congressional approval.