TAXES

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. 

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.

Nearly half of Connecticut’s high earners say they might leave the state in the next five years because of the state’s budget crisis and a ballooning cost of living. That’s according to a new survey from Sacred Heart University.

All three members of Vermont's Congressional delegation say they'll oppose President Trump's tax plan because it favors the richest Americans.

The Commerce Department has announced that it is hitting Canadian aircraft-maker Bombardier with a hefty 220 percent tariff for its top-end passenger planes. The tariff follows the department's preliminary finding in favor of U.S. rival Boeing's complaint that the smaller company received unfair government subsidies.

The trade row is over the Montreal-based Bombardier's 100- to 150-seat C-Series passenger jets.

Updated at 5:00 p.m. ET

President Trump and GOP congressional leaders have outlined their plan for the most sweeping overhaul of the federal tax code in more than three decades.

They're proposing deep cuts in both individual and corporate tax rates, saying that will help supercharge a slow-growing economy.

"We want tax reform that is pro-growth, pro-jobs, pro-worker, pro-family, and yes, tax reform that is pro-American," Trump said Wednesday during a rally at the Indiana State Fairgrounds.

Legislators may vote Friday on a new deal to tax Connecticut’s hospitals as a way of pulling in more federal funding. Leaders of both parties got together Tuesday in the first bipartisan negotiations since the unexpected passage of the Republicans' budget more than a week ago.

Updated at 3:35 p.m. ET

Republicans are once again waving the white flag on health care.

Senate Majority Leader Mitch McConnell announced that he is pulling the Republican health care bill because it does not have the votes.

Rather than endure another embarrassing vote that sees his caucus come up short, the senators agreed in a closed-door meeting to shelve the bill.

Its atomic size and structure make carbon a key component in all forms of life on Earth. But when carbon combines to form fossil fuels and is burned, it creates climate changing emissions that threaten all life on Earth.

That’s why getting carbon out of energy products is a hot topic these days.

In Massachusetts, there’s an effort to have consumers take the lead and make the state the first in the nation to transition to a low-carbon economy.

Discouraging The Demand For Fossil Fuels 

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