Overview
Ways and Means Committee Votes to Advance Package of Bills to Retool IRS: Today, the House Ways and Means Committee voted 38-0 to advance a package of bills to retool the IRS. House Ways and Means Committee Chairman Kevin Brady (R-TX) delivered the opening statement at the full Committee markup today, stating that “[b]y passing these bills, we can take meaningful action to improve the lives of taxpayers.” Chairman Brady’s full statement is available here.
Speaker Ryan to Retire as Speaker in January 2019: Speaker Paul Ryan (R-WI) announced today that he is retiring at the end of this Congress in January 2019.
Treasury, IRS Release Publication of Nonconventional Source Production Credit Reference Price for Calendar Year 2017: The Treasury Department and the IRS issued the Publication of the Reference Price for the Nonconventional Source Production Credit for calendar year 2017, which is scheduled to be published in the Federal Register tomorrow.
Secretary Mnuchin Testifies Before House Appropriations Subcommittee: Today, Secretary Mnuchin testified before the U.S. House Appropriations Subcommittee on State, Foreign Operations, and Related Programs. In his statement, Secretary Mnuchin said that the Treasury Department requested $1.4 billion for International Programs in fiscal year 2019, which “reflects the Administration’s priority of preserving investments in multilateral development institutions.” Secretary Mnuchin’s full statement is available here.