Page 12 - Split Congress News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The house going to go. >> the conventional wisdom is the house will flip, the house will have a narrow majority there. and the senate is going to come down to a few races, nevada, georgia, north carolina, so, you know, it's really anyone's guess at this point. whoever has the majority in the senate come next year is going to be a narrow one. if democrats can pull off the split congress, you know, with them holding the senate, republicans taking the house, i think at this point they'll take that. >> key democrats i have been speaking to, you know, certainly antsy about georgia, pennsylvania, li...

The mandate officially expires. and so the committee chair is certainly left open the door to do another hearing. but remember, they set the bar pretty high for holding any kind of last minute hearing. the last time they did that is with the cassidy thing that became a key part that filled in a lot of gaps here. at the same time, most members of congress are going to be away in october because they need to head home and campaign for re-election. >> so, nicholas, give us a brief preview of what we should expect tomorrow. we know this roger stone documentary footage is going to be a part of the ...

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Corporate Minimum Tax Biden would introduce a new 15% minimum tax on book income of companies that report net income of more than $100 million.  Corporations would pay the higher of the regular corporate income tax or the 15% minimum tax.  The minimum tax would still permit corporate taxpayers to use foreign tax credits and any net operating loss carryovers. Changes to GILTI Biden would double the current effective tax rate on “global intangible low-taxed income” (“GILTI”) from 10.5% to 21% (and from 13.125% to 26.250% starting in 2026). In addition, Biden would calculate GILTI tax ...

Who is wielding the greatest power? >> two leaders who are very, very good at counting votes. so pelosi and mcconnell are perfect to play off of each other. it's not clear when it will go forward, but it seems like the house would not have gone through the process for them to not send it over to the senate, but it is, as much as michael gerhart was right, it would be unprecedented to have a hearing without witnesses, there was no special counsel that conducted the investigation. >> like you saw ken star with clinton. >> right, that didn't happen, you have a split congress. you have the democra...