Members of Congress returned to session this week from a two-week recess, and they have quite a task ahead: less than four days left to avert a government shutdown.
If they want to keep the lights on, they have to pay the bills. Or pass the bill to pay the bills, at least.
A government shutdown is set to start at midnight on Friday, meaning Congress has one day to pass a bill that could push that deadline back to May 5. That would buy lawmakers more time to implement a longer-term spending bill to stave off a shutdown, which would furlough thousands of government employees, close national parks and, yes, gasp, potentially hold up your tax refunds.
A vote on the stopgap bill was reportedly slated for Friday. May
the forceÂ the votes be with them.
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Trump gets all dramatic about theÂ shutdown
Look, congressional leaders don’t expect this shutdown to happen. Both Republicans and Democrats said they think they’ll pass legislation this week to prevent it, though you wouldn’t have known that from looking at President Donald Trump’s timeline on Thursday. He tweeted himself into a tirade over the shutdown, decrying Democrats for, among other things, threatening to close national parks.Â
“As families prepare for summer vacations in our National Parks – Democrats threaten to close them and shut down the government,” Trump tweeted, just one day after he himself signed an order that threatens twenty-plus national monuments.
Surprise! Trump’s tax plan is geared to help Donald Trump
Wow, so crazy: An enormously rich person became president and released a tax plan tailored help enormously rich people. While it throws a bone or two to most U.S. households, analysts say the plan put forth by Trump this week would mostly benefit the wealthy.
“Itâs a very lopsided plan to the top end of the income scale,â says Chuck Marr, director of federal tax policy for the Center for Budget and Policy Priorities, who notedÂ “itâs wealthy heirs who will pay no taxes” under Trump’s proposal.
It could help Trump in particular: The plan aims toÂ drop the tax rate for “pass-through” businesses, like Trump Organization LLC, which don’t pay corporate taxes. Trump wants to more than halve the tax rate for businesses like his fromÂ 39.6%Â to 15%.
There’s more,Â USA TODAY’s Fredreka Schouten reports: Â “His push to lower the corporate tax rate could slash taxes on the hundreds of limited liability companies that make up his real-estate and licensing empire. The billionaire and his family…