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Back to taxes

House and Senate leaders have laid out an ambitious schedule for drafting and releasing tax legislation over the next few weeks, aiming to achieve President Trump’s goal of delivering major tax cuts by the end of the year. The House Ways and Means Committee will release its plan about seven days after this Thursday’s scheduled vote on a budget resolution, meaning a bill text will be published on or before Friday, Nov. 3.

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China Enshrines ‘Xi Jinping Thought.’ What Does That Mean?

To underline that point, the congress also added a second mention of Mr. Xi’s ideas to the constitution: his call to modernize and strengthen China’s armed forces. By enshrining Mr. Xi’s ideas as “a new component of the party’s guide for action,” the party is putting Mr. Xi on a doctrinal pedestal alongside Mao and Deng. Until Tuesday, those were the only two Chinese leaders whose names appeared in the constitution’s list of fundamental doctrines, which mentions “Mao Zedong Thought” and “Deng Xiaoping Theory.” Adding Mr. Xi by name also…

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Black Executives Raising Voices, and a PAC to Back Them Up

The main organizers — including Charles Phillips, chief executive of the software company Infor; Tony Coles, head of the biotech firm Yumanity Therapeutics; Marva Smalls, global head of inclusion strategy for Viacom; and William M. Lewis Jr., co-chairman of investment banking at Lazard — are still in the planning stages for the PAC. Photo President Barack Obama meeting in 2009 with financial leaders including Kenneth I. Chenault, left, the chief executive of American Express. Credit Susan Walsh/Associated Press They are focused on areas like access to education and employment, as…

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401(k), Megyn Kelly, World Series: Your Tuesday Briefing

Megyn Kelly strikes back. • “What on earth would justify that amount? What awfulness went on?” On Monday, the NBC host remarked on the $32 million that her former Fox News colleague Bill O’Reilly had paid to settle sexual harassment allegations. • Ms. Kelly, whose new show has gotten off to a rough start in the ratings, also shared part of an email that she sent to Fox News executives in November complaining about Mr. O’Reilly’s behavior. Photo Megyn Kelly has talked increasingly about sexual harassment. Credit Chad Batka for…

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Columbia Football Keeps Winning. Some Fans Aren’t Happy About It.

For the moment, alumni dollars aren’t reflecting any such jaundice. On Oct. 18, the annual Columbia Giving Day yielded over $3.1 million in pledges for athletics, compared with $2.7 million in 2016, according to Lauren Dwyer, the university’s senior associate director of athletics development. Last year, about $260,000 was earmarked for football; this year the total so far is $302,000, Ms. Dwyer said. In general, current students are more enthusiastic than battle-hardened alumni. “I don’t know about you, but I’ve found my heroes,” wrote Joseph Siegel, a sophomore, recently in…

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artboard-300px.png Politics 

A Big Wave of Cash (but With Dry Spots) for Democratic House Challengers

Frank LoBiondo, a moderate 71-year-old, 12-term congressman from an Obama district in southern New Jersey, is the sort of candidate whom the Democrats might reasonably hope to pressure into retirement with a strong challenge. But he won’t be feeling much pressure so long as his top opponent has a mere $9,486 in the bank. Over all, there are 11 districts (out of the 50 districts that ought to be most competitive, by our estimates) where the Democrats don’t have a candidate who raised $100,000. On average, those 11 districts are…

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On Pro Basketball: N.B.A. Coaches Had Long Stretch of Stability. Has the Chopping Block Returned?

There are some reasonable explanations to account for such an unusually favorable coaching climate. A whopping 14 teams introduced new coaches to start the 2013-14 season. Nine teams began the 2014-15 season with new coaches, followed by six new hires entering 2015-16 and 10 more to open last season. A period of relative calm after that amount of turnover was perhaps inevitable. Throw in the presence of a few long-tenured coaches who have copious amounts of job security — namely San Antonio’s Gregg Popovich, Miami’s Erik Spoelstra and Dallas’ Rick…

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On Medicine : The Rules of the Doctor’s Heart

M. was on this list of supplicants. His own heart, meanwhile, was failing so precipitously that he needed constant medical monitoring. Weird, deadly electrical rhythms arose out of his dying cardiac muscles, like ripples on a stagnating pond, necessitating defibrillating shocks to reset his rhythm. Fluid pooled in his feet, and the skin on his calves came off in strips. Photo Credit Photo illustration by Cristiana Couceiro There was a second reason to monitor M.’s status. Hearts are so rare that patients have to be under constant surveillance to ensure…

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