A gap of almost $250 exists between the states reaping the highest per person benefit from the mortgage interest deduction and those with the lowest such figure, according to a Congressional Research Service report highlighting the tax break’s uneven distribution.
Senator Ron Wyden, an Oregon Democrat, said in an interview with Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that one his priorities as the new chairman of the Senate Finance Committee will be renew about 50 U.S. tax credits and deductions that expired as last year ended.
Ron Wyden, poised to become the Senate’s top Democrat on tax policy, said he will push to establish universal savings accounts for all newborns in the U.S. as a way to “really put a dent in the poverty rate.”
The State Department failed to respond to intelligence warnings about deteriorating security in Benghazi, Libya, before the deadly 2012 attack on the U.S. mission, according to a report by the Senate intelligence panel.
Dan Coats , who left the U.S. Senate 12 years ago and more recently worked as a Washington lobbyist, won the Republican nomination in Indiana for the seat being vacated by his successor, Democratic Senator Evan Bayh .