Congressional Climate October 23, 2017

Almost 80 Percent of Puerto Rico Still Without Power

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Today’s Hill Action
Senate Floor Schedule
3:00pm: Convene and resume consideration of the House message to accompany H.R.2266, the Additional Supplemental Appropriations for Disaster Relief Requirements Act.

Committee Hearings
No committee hearings scheduled.

House Floor Schedule
12:00pm: House will meet for morning hour.
2:00pm: House will meet for legislative business.
Votes will be postponed until 6:30pm.

Committee Hearings
Committee on Rules
5:00pm – H-313 Capitol
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Schumer: Bipartisan health care bill ‘has a majority’

Senate Minority Leader Chuck Schumer said Sunday that the Alexander-Murray bipartisan health care bill has support from a majority of senators, and he urged Senate Majority Leader Mitch McConnell to bring it to the floor “immediately.”

“This is a good compromise. It took months to work out. It has a majority. It has 60 senators supporting it. We have all 48 Democrats, 12 Republicans,” Schumer (D-N.Y.) said on “Meet the Press” on NBC. “I would urge Senator McConnell to put it on the floor immediately, this week. It will pass and it will pass by a large number of votes.”

Sens. Lamar Alexander (R-Tenn.) and Patty Murray (D-Wash.) announced this past week that they had reached an agreement on a Obamacare deal which would fund a key insurance subsidy program. The deal is meant to allow for some breathing room for the system amid attempts to improve or replace it.

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This week: Trump, GOP lawmakers look to get on the same page

President Trump is heading to Capitol Hill this week to meet with Senate Republicans amid a recent string of high-profile fights with key members.

The president is scheduled to huddle with GOP senators on Tuesday—the first time he’s met with the full caucus since taking over the White House in January.

The closed-door meeting is expected to focus on the increasingly packed fall agenda, including Republicans’ goal of getting tax reform passed this year.

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Trump: ‘There will be no change to your 401(k)’

President Donald Trump on Monday said there would be no changes to 401(k)s, days after the New York Times reported that House Republicans were considering placing a cap on contribution limits.

“There will be NO change to your 401(k). This has always been a great and popular middle class tax break that works, and it stays!” Trump tweeted Monday.

On Friday, the New York Times reported that House Republicans, as part of an effort to reform the tax code, are proposing to cap the yearly amount workers set aside in 401(k) accounts to $2,400. Currently, workers under 50 can put as much as $18,000 in a 401(k) without paying taxes on the front end, according to the New York Times. Workers over 50 can put up to $24,000.

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