The House voted Wednesday to protect more than 20 million mostly upper-income taxpayers in danger of being slapped with a tax increase averaging $2,300 because of the alternative minimum tax.
A poll of polls on Thursday showed John McCain and Barack Obama locked in a virtual dead heat as the presidential general election campaign got under way.
Sen. Hillary Clinton on Saturday will officially suspend her campaign for the presidency and "express her support for Senator Obama and party unity," her campaign said Wednesday.
Dan Berger, a 26-year-old aide to New York Congressman Charles Rangel, knew he wanted to get an MBA but, he says now, he was overwhelmed by the number and variety of programs available: "I knew I needed to gather a lot of information before choosing a school, but I really didn't know where to start."
The chairman of the House Judiciary Committee on Monday met with the family of a man fatally shot by police just hours before his wedding, promising a thorough federal investigation of the incident.
Ever been zapped by the alternative minimum tax? You're hardly alone. This parallel tax system, originally designed to prevent the ultrawealthy from dodging taxes, will ensnare 4 million filers this spring, few of whom consider themselves rich.
The storm over the Alternative Minimum Tax (AMT) hasn't passed, but a final bill providing one year of tax relief for 21 million taxpayers finally has after months of debate.
The House voted Wednesday to protect more than 20 million mostly upper-income taxpayers in danger of being slapped with a tax increase averaging $2,300 because of the alternative minimum tax.
A poll of polls on Thursday showed John McCain and Barack Obama locked in a virtual dead heat as the presidential general election campaign got under way.
Sen. Hillary Clinton on Saturday will officially suspend her campaign for the presidency and "express her support for Senator Obama and party unity," her campaign said Wednesday.
Dan Berger, a 26-year-old aide to New York Congressman Charles Rangel, knew he wanted to get an MBA but, he says now, he was overwhelmed by the number and variety of programs available: "I knew I needed to gather a lot of information before choosing a school, but I really didn't know where to start."
The chairman of the House Judiciary Committee on Monday met with the family of a man fatally shot by police just hours before his wedding, promising a thorough federal investigation of the incident.
Ever been zapped by the alternative minimum tax? You're hardly alone. This parallel tax system, originally designed to prevent the ultrawealthy from dodging taxes, will ensnare 4 million filers this spring, few of whom consider themselves rich.
The storm over the Alternative Minimum Tax (AMT) hasn't passed, but a final bill providing one year of tax relief for 21 million taxpayers finally has after months of debate.
The Senate voted Thursday to block a looming tax increase averaging $2,000 for millions of taxpayers after Senate Republicans succeeded in thwarting a Democratic plan to also raise taxes on investors.
New York Gov. Eliot Spitzer said Wednesday he is giving up his proposal to grant driver's licenses to undocumented workers, a plan he said would "improve the safety and security of the people of my state."
President Bush vetoed a $600 billion spending bill Tuesday, accusing Democratic leaders of wasting money and plotting tax increases, then took his budget fight with Congress on the road.
Lawmakers are looking to pass $71 billion worth of tax-break extenders this year. Most politicians support the extensions, but how to pay for them is another matter entirely.
No one actually expects lawmakers to overhaul the tax code this year, but House Ways and Means Chairman Charles Rangel (D-NY) planted his flag Thursday morning by unveiling a bill that he calls the "mother of all tax reforms."
Susan Schwab is sitting inside a VIP lounge at Dulles airport near Washington, waiting for a call from The Chairman. Jet fumes hang on the tarmac outside, but what Schwab smells is a deal.
Picture this: A rotund, theatrical politician from Harlem and a wiry, introverted policy-wonk from Shreveport sitting elbow to elbow on the House floor, shuffling between each other's offices, passing paper between staffs. Two men from opposite ends of the political spectrum, they are joined in secrecy on a project that just about everyone else in Washington considers doomed to failure. Charlie Rangel and Jim McCrery are on a mission to rescue Social Security from bankruptcy.
Tax-writing committees in Congress are weighing a curtailment of a little-known tax break that helps private equity firms and hedge funds cut their tax bills, according to a newspaper report published Thursday.
As the capital's attention fixed on congressional maneuvering over Iraq war spending, a different drama was playing out in the offices of leading House members - one that would determine the nation's free trade path at a critical juncture.
The powerful chairman of the Ways and Means Committee, Rep. Charlie Rangel, and I sat down together last night to talk about, among other things, his new book, "And I Haven't Had a Bad Day Since."
President Bush's proposed budget for 2008 repeats his call for establishing private Social Security accounts, but the issue is not likely to get far in the Democratic-led Congress.
A bipartisan group of senators on Thursday introduced a bill calling for the death of the stealth tax that lawmakers on both sides of the aisle have criticized.
Incoming Speaker Nancy Pelosi said Monday the House Democratic Party leadership would not support a call by Rep. Charles Rangel to reinstate the draft.
New York Democratic Rep. Charles Rangel has proposed a new military draft to bolster U.S. troop levels. We asked CNN.com readers if they believe Congress should bring back the draft or keep the military an all-volunteer force. Here is a selection of your replies, some of which have been edited for length and clarity.
Although Congress is unlikely to follow calls from a top Democrat to bring back the military draft, the United States does have a plan, if necessary, aimed at inducting millions of young men for service.
Power may be corrupting, but it is also addictive. That's why no party likes to lose an election. But the truth is that sometimes a loss is just what is needed to regain a sense of purpose and energy. And that's why the Republicans need to lose in November.
Two of President Bush's staunchest domestic critics leapt to his defense Thursday, a day after one of his fiercest foreign foes called him "the devil" in a scorching speech before the United Nations.
For the first time in a decade, the House committee that plays a key role in crafting the nation's tax laws delved into the politically charged question of radical income tax reform.
Iraq's minority coalitions have a chance to strongly influence formation of the nation's new government, two key members of the U.S. Senate said on Sunday.
A sharply divided Congress began debating the Bush administration's $2.57 trillion budget for fiscal year 2006 Tuesday, with Democrats criticizing administration officials on topics from the proposed Social Security overhaul to the deficit.
A sharply divided Congress began debating the Bush administration's $2.6 trillion budget for fiscal year 2006 Tuesday, with Democrats sniping at administration officials on topics such as the nation's Social Security system and the deficit.
The House passed unanimously a bill Wednesday to give financially strapped National Guard troops and reservists serving in Iraq and Afghanistan the ability to make penalty-free early withdrawals from their retirement funds.
A Brooklyn filmmaker says he has new evidence he believes could reopen the 1955 murder case of Emmett Till -- a 14-year-old African-American whose violent murder helped trigger the U.S. civil-rights movement of the late 1950s.
Ousted President Jean-Bertrand Aristide says he was forced out of Haiti in a "real coup d'etat" led by the United States, in what he called a "modern way to have a modern kidnapping."
Democratic Rep. Charles Rangel of New York said Sunday the United States is just as responsible for President Jean-Bertrand Aristide's ouster as the rebels who forced him from office.
There's an atmosphere of comity in the nation's capital right now. Pictures of President Bush embracing Senate Majority Leader Tom Daschle, and then reaching literally over an aisle to shake the ha...
The time couldn't be riper for a tax cut. The federal budget surplus is expected to total $3 trillion over the next decade, and both political parties are clamoring to reduce taxes. Next year would...
CHARLES RANGEL, 60, U.S. Congressman (D-New York), disagreeing with polls that show suburbanites are ready to pay more taxes to help cities: ''You can't trust the voters.''
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