Tax Reform: Allow Choice Between Immediate Expensing and Interest Deductibility
Last November, Americans delivered a clear and important message to Washington, D.C.: Create more American jobs and increase investment in America's aging infrastructure.
While roads, bridges and other public works projects are obviously important, President Trump has wisely recognized that a successful infrastructure policy must also include steps to stimulate private-sector infrastructure investment and job creation. Accordingly, as President Trump and Congress take steps to modify and reform the tax code, it is important that any changes being considered not undermine these private infrastructure initiatives.
Specifically, many American businesses currently rely on debt to fund infrastructure investments and create new jobs. Companies of all sizes in a variety of industries,…[more]
Adam Schiff, ranking Democrat on the House Intelligence Committee, has been sharply critical of the panel's Republican chairman, Devin Nunes, for visiting the White House to view classified documents that Nunes says show the Obama administration intercepted the communications of Donald Trump associates before the president took office in January.
Among other things, Schiff slammed Nunes for viewing the documents by himself and not sharing them with Democrats on the committee. So last week, White House counsel Don McGahn invited Schiff to come see the documents for himself. Schiff did so on Friday.…
"The Justice Department on Friday sent letters to eight cities, threatening to withhold federal grant money if they don't demonstrate cooperation with immigration enforcement. President Donald Trump has promised to force 'sanctuary cities' to follow the federal government's lead on enforcement of immigration laws. Hundreds of jurisdictions across the U.S. limit to varying degrees their cooperation…[more]