CONGRESS

Updated at 7:57 p.m. ET

Alabama Republican Senate candidate Roy Moore is continuing to deny a Thursday Washington Post report detailing allegations that he initiated sexual contact with a 14-year-old girl when he was 32.

Updated at 4:20 p.m. ET

The Senate Finance Committee unveiled its version of a sweeping overhaul of the federal tax code on Thursday, as the House Ways and Means Committee was preparing to pass its own bill. The differing proposals forecast clashes between the two chambers that will make it difficult for Congress to enact the legislation by the end of the year as promised.

The two bills share a name, The Tax Cut and Jobs Act, but diverge on tax policy that affects both the business and individual sides of the tax code.

“Privilege” remains a buzzword on today’s campuses.

But for Julia Vann, studying one recent evening in the Amherst College library, it isn’t something theoretical.

The guilt, she says, started as soon as she arrived at school.

“Knowing that I had as much food as I wanted, and I could turn up the heat as high as I wanted — just like, little things that really shocked me about my day-to-day life.“

Were the GOP tax bill to pass as is, taxpayers and their spouses would get a $300 credit per year, as would families for nonchild dependents — for five years.

And it would allow businesses to immediately deduct the costs of business investments from their taxable income, a practice called "full expensing" — likewise, for five years.

And then it would end the estate tax, starting in six years.

Connecticut lawmakers say they’re outraged that Republican leaders in Congress are trying to push through a huge reform of the tax system within weeks. 

Connecticut Senator Chris Murphy is warning President Donald Trump to remember that he needs congressional approval to launch any unilateral military action against North Korea. 

Updated at 3:10 p.m. ET

House Republicans unveiled a draft tax bill on Thursday, calling for deep cuts in both individual and corporate tax rates.

"With this bill, we will grow our economy by delivering more jobs, fairer taxes, and bigger paychecks to Americans of all walks of life," said Rep. Kevin Brady, R-Texas, chairman of the House Ways and Means Committee.

Updated at 1:45 p.m. ET

Congress has approved a joint budget resolution, a critical step to paving the way for major tax legislation later this year.

The Senate-approved resolution passed the House narrowly on Thursday, 216-212, with 20 Republicans voting no and House Speaker Paul Ryan, R-Wis., even having to cast a rare vote to help ensure its passage.

According to the Gun Violence Archive, nearly 900 people have been shot and killed in the U.S. since the mass shooting October 1 in Las Vegas. U.S. Senator Chris Murphy along with Senator Richard Blumenthal and others introduced legislation on Wednesday that would expand federal background checks.

Updated at 4:12 p.m. ET.

The Senate has voted to get rid of a banking rule that allows consumers to bring class-action lawsuits against banks and credit card companies to resolve financial disputes. Critics say Republicans and the Trump administration are siding with Wall Street over Main Street and that the shift will block consumers from joining together against the likes of Wells Fargo and Equifax.

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