The Jim Bakker Show

Senate grapples with tax cut plan’s impact on federal deficit

By David Morgan and Amanda Becker

WASHINGTON (Reuters) – U.S. Senate Republicans will grapple on Friday with the possibility of adding a tax increase to sweeping legislation meant to cut taxes on businesses and individuals, aiming to win support from fiscal conservatives worried about the bill’s impact on the federal deficit.

With a mandatory 20 hours of Senate debate nearing expiration, the Republican lawmakers, who control the chamber, could move to a final vote late in the day after a procedural vote starting at 11 a.m. EST (1600 GMT) and a potentially chaotic “vote-a-rama” on tax bill amendments offered by both Republicans and Democrats.

Republicans were still wrangling behind the scenes over how to raise $350 billion or more in taxes over 10 years to prevent their legislation from ballooning the federal deficit if the proposed cuts fail to generate the expected economic growth.

Senate Republican leader Mitch McConnell and others were also working on deals to win support from party members who want better tax breaks for non-corporate pass-through businesses, a bigger child tax credit for families, and a $10,000 deduction for state and local property taxes.

Despite the hurdles, rank-and-file Republicans were still optimistic that they could approve the bill this week and agree this month to final legislation with the House of Representatives, which their party also controls.

“This is the big enchilada,” said Senator Johnny Isakson of Georgia. “We’ve still got a chance to do something good, and I’m going to try and do it.”

Since taking office in January, President Donald Trump and the Republican-led Congress have passed no major legislation. Their bill would be the biggest overhaul of the U.S. tax system since the 1980s.

Success is crucial to Republican political prospects in the November 2018 elections, when the party will fight to keep control of the Senate and the House of Representatives.

But the effort stumbled on Thursday when Republicans acknowledged that Senate rules would not permit them to add a mechanism to trigger tax increases in coming years if the bill fails to boost the economy enough to generate sufficient revenues to pay for tax cuts.

Senator Bob Corker and other Republicans concerned about the deficit impact had demanded the trigger in exchange for their support. On Thursday, the nonpartisan Joint Committee on Taxation released a report saying the legislation would add $1 trillion to the deficit over the next 10 years, even with tax-driven economic growth projections factored in.

Republicans are now examining options that could raise taxes at a particular point over the next decade.

“We have an alternative, frankly a tax increase we don’t want to do, to try and address Senator Corker’s concerns,” said Senate Majority Whip John Cornyn, the chamber’s No. 2 Republican.

As drafted, the Senate bill would cut the U.S. corporate tax rate to 20 percent from 35 percent after a one-year delay and reduce the tax burden on businesses and individuals, while ending many tax breaks.

Analysts said lawmakers could scale back tax cuts for corporations and top individual earners.

Asked if lawmakers would have to accept smaller tax cuts, Senate Finance Committee Chairman Orrin Hatch said: “We’ll have to see.”

Early on Friday morning, Trump praised congressional Republicans’ work and blamed Democrats for trying to derail the bill, tweeting: “The Bill is getting better and better.”

Democrats have been united in their opposition to the bill, calling it a giveaway to the wealthy and corporations.

(Reporting by David Morgan and Amanda Becker; Additional reporting by Susan Heavey; Editing by Kevin Drawbaugh and Lisa Von Ahn)

Senate tax drama enters complicated end-game gambit

By David Morgan

WASHINGTON (Reuters) – The Republican drive to push sweeping tax legislation through the U.S. Senate was hurtling on Thursday toward a dramatic conclusion, as Republican leaders pursued behind-the-scenes deals intended to secure enough votes for passage.

After an official 20 hours of debate, the Republican-controlled Senate was expected to begin a potentially chaotic “vote-a-rama” on amendments from Republicans and Democrats before moving to a final vote late on Thursday or early on Friday.

U.S. financial markets have rallied on optimism that the measure could pass, a sentiment shared by outside conservative groups that hope to see the first major overhaul of the U.S. tax code since 1986, when Republican Ronald Reagan was president.

“It’s the most unified effort I’ve seen on any issue in many years,” said Tim Phillips, president of Americans for Prosperity, a group aligned with billionaire industrialists Charles and David Koch.

A Republican push to overturn Obamacare ended in an humiliating failure in the Senate earlier this year, and President Donald Trump and his Republican allies have since been under mounting pressure to enact a package of tax cuts for businesses and individuals before January, giving them their first major legislative victory.

Republicans acknowledge that failure to pass a tax bill could jeopardize their control of the Senate and House of Representatives in next year’s congressional elections.

Democrats say the Republican tax plan is a giveaway to corporations and the wealthy at the expense of working Americans.

The House approved its own tax bill on Nov. 16. If passed this week, the Senate legislation would need to be reconciled with the House version before a final bill could be sent to Trump.

As an initial action on Thursday, Senate Republicans were expected to take a procedural vote that would formally replace the House bill with their own legislation.

While campaign donors are strongly behind the push for tax cuts, the American public is sharply divided.

Among Americans aware of the Republican tax plan, 49 percent

said they were opposed, up from 41 percent in October, according

to a Nov. 23-27 Reuters/Ipsos poll released on Wednesday. The

latest online poll of 1,257 adults found 29 percent supporting

the plan and 22 percent saying they “don’t know.”

KEEPING THEM GUESSING

Senate Republican leader Mitch McConnell did not appear to have enough votes to pass the legislation as the day began, with several Republican lawmakers keeping their colleagues guessing about where they would come down in the end.

Republicans have a 52-48 majority in the 100-member Senate,

giving them enough votes to approve the bill if they can hold

together. Without Democratic support, they can afford to

lose support from no more than two of their own members. Vice President Mike Pence would be able to break a 50-50 tie.

The Senate voted along party lines to begin the debate on Wednesday and later turned away a Democratic attempt to return the legislation to the tax-writing Senate Finance Committee for reconsideration.

But some Republicans have withheld their support for final passage as they press Republican leaders for changes that would prevent tax cuts from expanding the federal deficit, allow Americans a federal deduction for up to $10,000 in property taxes and give bigger tax breaks to so-called pass-through enterprises, including small businesses.

The Senate bill would cut the U.S. corporate tax rate to 20 percent from 35 percent after a one-year delay and reduce the tax burden on small businesses and individuals, while adding $1.4 trillion to a federal debt load that already surpasses $20 trillion.

Some Republicans want to lower the corporate tax rate to only 22 percent and forgo income tax cuts for the wealthiest Americans.

Democrats and independents have sought to persuade nonpartisan Senate officials to disqualify parts of the bill, including one to allow drilling in the Arctic National Wildlife Refuge, as impermissible under Senate rules, an aide said.

(Reporting by David Morgan; Editing by Peter Cooney)

Senate tax drama intensifies as bill faces key panel vote

By David Morgan

WASHINGTON (Reuters) – President Donald Trump’s drive for a big U.S. tax cut package headed toward a new drama on Tuesday in the Senate, where a pair of Republican lawmakers demanded changes in exchange for their help in moving the measure forward.

Trump was due to lobby Republicans at their weekly policy luncheon in the U.S. Capitol, with the Senate poised for a possible vote on tax legislation as early as Thursday.

The president has called on Republicans to deliver a tax bill to his desk before Christmas. The House of Representatives has already approved its version of the package, which would cut taxes for businesses and individuals.

But a Senate Budget Committee hearing on Tuesday, which Republican leaders have hoped will send legislation to a full Senate vote, has hit a potential hurdle with Republicans Ron Johnson and Bob Corker saying they may vote against the measure.

Their opposition could be the first major obstacle for the Republican tax overhaul in the Senate, where earlier this year political infighting prevented the party from overturning the Obamacare healthcare law.

Johnson and Corker both say they will back the tax cut package if their separate concerns are satisfied. Corker, a prominent fiscal hawk, wants a measure that would prevent the tax bill from causing the federal deficit to balloon. Johnson wants a better deal for so-called pass-through enterprises that include small businesses.

Senators were working “feverishly” to address concerns, Corker told CNBC on Tuesday morning.

“I know it’s important not just to me but numbers of members who want to make sure that if for some reason these projections are off – we don’t have the growth that’s been laid out, it doesn’t generate revenues – that we’re not passing on increased debt to future generations,” he said.

Two Republican “no” votes at the committee hearing would stall the effort, as Republicans control the 23-member committee by only one vote and no Democrats are expected to support the bill.

Republicans, who control both chambers of Congress and the White House, have yet to score a major legislative victory since Trump took office in January. After their failed push to repeal Obamacare, they are eager to score a win before next year’s midterm elections, when control of the House and the Senate is at stake.

TAX CUTS, DEFICIT RISES

The Senate bill would slash the corporate tax rate to 20 percent from 35 percent after a one-year delay. It would impose a one-time, cut-rate tax on corporations’ foreign profits, while exempting future foreign profits from U.S. taxation.

But it would also add more than $1.4 trillion to the federal deficit over the first decade, according to congressional analysis. Republicans have said that economic growth spurred by tax cuts would generate enough new tax revenue to eliminate any new deficit.

The nonpartisan Joint Committee on Taxation is not expected to release a full macroeconomic analysis of the tax bill head of a Senate vote.

As a result, Corker and other Republican deficit hawks, including Senator James Lankford, have been holding talks with Senate tax writers and the administration about adding a provision that would raise tax rates if revenues fall short of expectations.

Other lawmakers have expressed concern that the Senate bill could effectively raise, not cut, the amount of tax paid by some people because it would eliminate a popular federal income tax deduction for state and local tax payments. They are also concerned it could increase health insurance costs for people with medical conditions.

The Congressional Budget Office (CBO), another nonpartisan research unit of Congress, said the number of Americans with health insurance would fall by 13 million by 2027 under the Republican tax bill, which would repeal an Obamacare federal fine meant to encourage people to buy health insurance.

The CBO said this would make people with incomes below $30,000 net losers under the bill, and most of those earning more would be net winners, especially those with incomes between $100,000 and $500,000.

If the Senate manages to pass the tax bill, its version and the House version will have to be reconciled into a piece of legislation that both chambers must approve before it can be signed into law by Trump.

(Reporting by David Morgan; Additional reporting by Doina Chiacu and Andy Sullivan; Editing by Cynthia Osterman and Frances Kerry)

Senate Finance chairman revises tax plan to end Obamacare mandate

WASHINGTON (Reuters) – The head of the U.S. Senate Finance Committee proposed major changes to a Republican tax reform plan, adding a repeal of Obamacare’s health insurance mandate and making corporate tax cuts permanent while ending individual cuts in 2025.

In a statement late on Tuesday, committee chairman Orrin Hatch said the proposed changes would also slightly lower some individual tax rates and includes a repeal of the alternative minimum tax but only through 2025, when it would be reinstated.

The 226-page amendment comes as the Senate continues to craft its version of tax reform alongside the U.S. House of Representatives, which is finalizing its own bill. The two plans must be reconciled and merged into a final plan that can pass both chambers before it goes to President Donald Trump to sign into law.

Republicans, who control Congress and the White House but have yet to pass any major legislation, are eager for a legislative victory ahead of the 2018 midterm elections and are pushing hard to pass tax cuts by the end of the year.

It was not immediately clear how many of Hatch’s colleagues will support the plan in the Senate, where Republicans hold a slimmer 52-48 majority than in the House.

Democrats have dismissed the Republican plans as giveaways to corporations and the wealthy that would swell the nation’s deficit. If Democrats remain united in opposition, Republicans cannot lose more than two senators from their ranks and still have enough votes to pass tax legislation.

The inclusion of the healthcare provision, however, could add to the uncertainty, given that Republicans earlier this year failed to make good on their pledge to repeal and replace former President Barack Obama’s 2010 healthcare overhaul.

Hatch’s changes would end one of the more unpopular provisions in Obama’s Affordable Care Act that require Americans to obtain health insurance or pay a penalty. The nonpartisan Congressional Budget Office estimated that the change would increase the number of uninsured by 13 million people by 2027.

“By scrapping this unpopular tax from an unworkable law, we not only ease the financial burdens already associated with the mandate, but also generate additional revenue to provide more tax relief to these individuals,” Hatch said in a statement.

But several key moderate Republicans, including Senators Susan Collins and John McCain, expressed uncertainty on Tuesday over tying the tax bill to the healthcare provision details.

Hatch’s plan would also expand access to deductions for so-called “pass-through” businesses and increase the child tax credit to $2,000 from the earlier proposed $1,650, Hatch said. The current tax credit for children is $1,000.

(Reporting by David Alexander; Editing by Jeffrey Benkoe)

Senate panel advances crackdown on online sex trafficking

By Dustin Volz

WASHINGTON (Reuters) – A U.S. Senate committee on Wednesday advanced legislation to make it easier to penalize operators of websites that facilitate online sex trafficking, the most concrete action from Congress this year to tighten regulation of internet companies.

The approval came after major U.S. internet firms dropped their opposition to the measure, which amends a decades-old law that is considered a bedrock legal shield for the companies.

In a unanimous voice vote, the Senate Commerce Committee passed a measure that gives states and sex-trafficking victims a means to sue social media networks, advertisers and others that fail to keep exploitative material off their platforms.

The bill rewrites Section 230 of the Communications Decency Act, which generally protects companies from liability for the activities of their users. The changes, which have bipartisan support, will still need to pass the full Senate and the U.S. House of Representatives and be signed by President Donald Trump to become law.

“This is a momentous day in our fight to hold online sex traffickers accountable and help give trafficking survivors the justice they deserve,” Republican Senator Rob Portman, who co-authored the bill, known as the Stop Enabling Sex Traffickers Act, said in a statement.

After decades of little oversight from Washington, the internet industry is facing increased scrutiny from lawmakers in both parties over concerns about their size and how their platforms were used by Russia during the 2016 election.

More than 40 senators have co-sponsored the bill, and Trump’s daughter, Ivanka Trump, has endorsed it.

“Great to see the public & private sector come together in support of this bipartisan legislation to stop sex trafficking online,” she tweeted on Wednesday.

Internet firms had long objected to proposals in Congress to rewrite Section 230, arguing the measure had allowed innovation in Silicon Valley to thrive.

But the Internet Association, a major industry group whose members include Facebook <FB.O>, Amazon <AMZN.O> and Alphabet’s Google <GOOGL.O>, announced support for the Senate bill last week after a series of changes.

Those edits clarified that criminal charges are based on violations of federal human trafficking law and that a standard for liability requires a website to “knowingly” assist in facilitating trafficking.

Some opposition remains. In a letter on Tuesday, a dozen civil liberties organizations, including the Center for Democracy & Technology and Electronic Frontier Foundation, said the bill would threaten free speech online and unevenly harm smaller companies with fewer resources to police their platforms.

(Reporting by Dustin Volz; Editing by Colleen Jenkins)

U.S. Senate backers of Obamacare deal seek support but prospects unclear

By Yasmeen Abutaleb and Richard Cowan

WASHINGTON (Reuters) – Proponents of a bipartisan deal struck by two U.S. senators to stabilize Obamacare sought on Wednesday to win Republican support for the measure, which would restore subsidies to health insurers that President Donald Trump has scrapped.

With 2018 health insurance markets facing potential chaos, Republican Senator Lamar Alexander and Democratic Senator Patty Murray were hoping to build broad support for a short-term fix for former President Barack Obama’s signature healthcare law.

Their proposal would meet some Democratic objectives, such as reviving subsidies for Obamacare and restoring $106 million in funding for a federal program that helps people enroll in insurance plans.

In exchange, Republicans would get more flexibility for states to offer a wider variety of health insurance plans while maintaining the requirement that sick and healthy people be charged the same rates for coverage.

The Trump administration said last week it would stop paying billions of dollars to insurers to help cover out-of-pocket medical expenses for low-income Americans, part of the Republican president’s effort to dismantle the 2010 Affordable Care Act, known as Obamacare.

Trump and other Republicans have disparaged the payments to insurers as a “bailout” but the president on Tuesday indicated support for the efforts by Alexander and Murray as a one- or two-year fix while work continues to unwind the law.

While the two senators’ proposal has broad Democratic support, it is unclear how many Republicans will endorse it and whether Senate Majority Leader Mitch McConnell and House of Representatives Speaker Paul Ryan will allow a vote on the plan.

It also remained unclear how fully Trump supported the plan and whether he would sign it into law.

Republican Senator Susan Collins, a moderate who helped kill earlier efforts to repeal and replace the healthcare law, said she backed efforts to shore up Obamacare, but that it remained unclear if there would ultimately be enough support.

“Now, the White House is sending conflicting messages,” she told CNN in an interview on Wednesday, adding that the insurer payments had been “mischaracterized” as a boon for the industry.

Collins said she did not know if McConnell would schedule a vote but that “if it comes to the floor, I think the votes are there.” She said it also could win House approval if Trump “reiterates his support.”

Republicans, describing Obamacare as ineffective and a massive government intrusion in a key sector of the economy, have sought for seven years to repeal and replace it. Scrapping the law was also a top Trump campaign pledge. But the party, which has controlled the White House and Congress since January, has so far failed to make good on its promise.

Democrats have fought to defend Obamacare, which extended health insurance to 20 million Americans.

(Reporting by Yasmeen Abutaleb; Editing by Peter Cooney and Bill Trott)

Senators close to bipartisan deal on health exchanges: Schumer

FILE PHOTO - Senate Minority Leader Chuck Schumer speaks with reporters following the party luncheons on Capitol Hill in Washington, U.S., September 26, 2017. REUTERS/Aaron P. Bernstein

WASHINGTON (Reuters) – Two U.S. senators from both parties are close to finalizing a bipartisan deal to shore up the health insurance exchanges created under Obamacare, the chamber’s top Democrat said on Thursday.

The move, which Senate Democratic Leader Chuck Schumer said was “on the verge” of completion, would stabilize the market for individuals who buy their own insurance plans on the federal or state-based exchanges.

The potential agreement comes after Republicans have repeatedly failed to carry out their years-long pledge to repeal and replace the 2010 Affordable Act, former Democratic President Barack Obama’s signature healthcare overhaul.

Schumer said Senate Health, Education, Labor and Pension Committee Chairman Lamar Alexander, a Republican, and ranking Democrat Patty Murray had resurrected a bipartisan approach, which had been cast aside amid the latest near-vote on a repeal bill.

Alexander and Murray had been working to protect the government payments made to insurers to help reduce medical expenses for low-income Americans enrolled in Obamacare. Alexander also wanted states to have more flexibility to design insurance plans under the program.

“They both inform me that they’re on the verge of an agreement, a bipartisan healthcare agreement to stabilize markets and lower premiums,” Schumer said on the Senate floor on Thursday.

The pact could buoy health insurance companies, which came out forcefully against the Republican repeal effort and have faced uncertainty since the November election of Republican President Donald Trump, who vowed to sink the law.

While the majority of insured Americans receive coverage through their employers or government programs such as Medicare and Medicaid, more than 10 million people have individual plans through the online exchanges, and about 11 million are expected to sign up next year.

Most of these consumers receive income-based tax credits and subsidies to reduce costs. Insurers have filed their premium rates for 2018, many of which are expected to rise at least 20 percent because of uncertainty that the government will continue paying some of those subsidies.

Despite those worries, insurers on Wednesday signed contracts with the government that will result in every U.S. county having at least one company selling Obamacare plans.

Trump has signaled that his administration would take other action to unwind the law, and on Wednesday said he would sign an order next week allowing people to buy insurance coverage across U.S. state lines.

Republican Senator Rand Paul, who has been pushing for the move, says Trump can do this by legalizing nationwide health associations that individuals could then join.

(Reporting by Susan Heavey; Editing by Lisa Von Ahn)

SEC chair grilled by Senate panel over cyber breach, Equifax

Jay Clayton, Chairman of the Securities and Exchange Commission, arrives for a Senate Banking hearing on Capitol Hill in Washington, U.S. September 26, 2017. REUTERS/Aaron P. Bernstein

By Michelle Price and Pete Schroeder

WASHINGTON (Reuters) – The chairman of the U.S. Securities and Exchange Commission (SEC) told a congressional committee on Tuesday he did not believe his predecessor Mary Jo White knew of a 2016 cyber breach to the regulator’s corporate disclosure system, the exact timing of which could not be known “for sure.”

Jay Clayton, who was formally appointed to his role in May, also said listed companies should disclose more detailed information on cyber breaches “sooner,” and that the U.S. regulator was working on new guidelines to ensure this.

The Senate Banking Committee grilled Clayton on Tuesday over a 2016 hack of EDGAR, the agency’s online corporate financial disclosure system, only disclosed last Wednesday, which has shaken confidence in the SEC’s cyber defenses.

Clayton said he had decided last weekend to disclose the breach once he had enough information to establish it was “serious,” but he would not be drawn on who at the agency had known about it and whether there was an attempt to cover it up.

“I have no belief sitting here that Chair White knew,” Clayton said when asked whether his predecessor had been aware of the hack, adding: “I don’t think we can know for sure” on the exact timing of the breach.

Clayton fielded several questions from senators on the recent Equifax Inc data breach in which hackers stole personal data of about 143 million customers of the credit reporting firm, including on the timing of the company’s disclosure.

Although the former Wall Street lawyer declined to comment on whether the SEC was investigating stock sales made by Equifax executives prior to the disclosure, he said he was “not ignoring” the issue.

The hearing, which had been scheduled prior to the disclosure of the SEC’s breach, offered lawmakers, companies and investors the first opportunity to hear from the SEC chief on the incident.

Clayton originally had been scheduled to discuss capital market reform at his first hearing before the committee since being formally appointed in May, but his pro-growth agenda was largely eclipsed by the SEC breach and the Equifax scandal.

Wall Street’s top regulator came under fire last week after disclosing that hackers might have used information stolen from EDGAR, which houses millions of market-sensitive corporate disclosures such as earnings releases, for insider trading.

“When we learn a year after the fact that the SEC had its own breach and that it likely led to illegal stock trades, it raises questions about why the SEC seems to have swept this under the rug,” Senator Sherrod Brown, the ranking Democratic member of the committee, asked Clayton during opening remarks.

“What else are we not being told, what other information is at risk, and what are the consequences?” Brown asked. “How can you expect companies to do the right thing when your agency has not?”

CYBER DEFENSES EYED

Reuters reported on Monday that the Federal Bureau of Investigation and the U.S. Secret Service have launched investigations into the breach, which occurred in October 2016 and appeared to have been routed through servers in Eastern Europe. The breach appeared to have been one of several cyber incidents documented by the SEC in recent months, Reuters reported.

Clayton said he only learned about the 2016 hack in August and that the SEC’s enforcement staff and inspector general’s office have launched internal probes.

The regulator reported the breach to the Department of Homeland Security’s Computer Emergency Readiness Team when it was first discovered, Clayton said in the testimony, adding the regulator plans to hire more cyber security experts.

Clayton said the hack was possibly the result of a defect in the EDGAR software and said that personally identifiable information did not appear to have been put at risk, but he declined to provide further detail.

He said the SEC was still determining the extent and impact of the breach and that it could take “substantial time” to complete due to the amount of data that needed to be analyzed.

The committee also quizzed Clayton about other potential breaches at the agency and the regulator’s general cyber defenses.

Clayton said he could not say with “100 percent certainty” that the EDGAR breach was the only one suffered by the agency, and added that he planned to ask Congress for more funds to tackle the rising cyber threat.

“We’re going to need more money for cyber security, and I intend to ask for it.”

(Reporting by Michelle Price and Pete Schroeder; editing by Leslie Adler and G Crosse)

Trump ally Stone denies collusion with Russia

U.S. political consultant Roger Stone, a longtime ally of President Donald Trump, speaks to reporters after appearing before a closed House Intelligence Committee investigating Russian interference in the 2016 U.S. presidential election at the U.S. Capitol in Washington, U.S., September 26, 2017. REUTERS/Kevin Lamarque

By Patricia Zengerle

WASHINGTON (Reuters) – Republican political consultant Roger Stone, a longtime ally of President Donald Trump, flatly denied allegations of collusion between the president’s associates and Russia during the 2016 U.S. election in a meeting with lawmakers on Tuesday.

In a 47-page opening statement seen by Reuters before his appearance before the House of Representatives Intelligence Committee, Stone said he viewed it “as a political proceeding” and accused some committee members of making “provably false” statements to create the impression of collusion with Russia.

After spending almost three hours behind closed doors taking questions from committee members, Stone again denied accusations that he had engaged in improper conduct during the 2016 campaign but was much more contentious than in the rambling statement.

“I am aware of no evidence whatsoever of collusion by the Russian state or anyone in the Trump campaign,” Stone told reporters.

The House panel is one of the main congressional committees investigating allegations that Russia sought to interfere in the 2016 U.S. election and probing whether any Trump associates colluded with Moscow.

Russia denies any such efforts, and Trump has dismissed any talk of collusion.

Stone said he had had a frank exchange with committee members, but described some clashes between Democrats and Republicans. He said he answered all of their questions except for refusing to identify an “opinion journalist” who had acted as a go-between between Stone and Julian Assange.

Assange is the publisher of WikiLeaks, which released emails stolen from Democrats that helped Trump’s campaign.

After Stone spoke, Representative Adam Schiff, the top Democrat on the Intelligence Committee, said Stone had declined to answer one line of questions, and the panel might have to subpoena him to return and do so.

Schiff declined to say whether those questions were related to Assange.

TIES TO TRUMP CAMPAIGN MANAGER

Stone, one of Trump’s closest political advisers in the years before he ran for president, was formerly a partner in a lobbying firm with Paul Manafort, a Trump campaign manager. Manafort has also been scrutinized in the investigations into Russia and the election. In August, FBI agents raided his home.

Stone said Manafort’s attorneys had informed his attorneys that federal prosecutors planned to indict Manafort.

Stone said he had not heard from Robert Mueller, the special counsel investigating Russian involvement in the election and possible collusion, and there were currently no plans for a similar appearance before the Senate Intelligence Committee.

Stone said he had spoken to Trump “recently,” but not about his appearance before the committee.

Mike Conaway, the Republican lawmaker overseeing the investigation, said he had no response to Stone. But he said he had watched Stone’s remarks to reporters “and they were very accurate.”

In his written statement, Stone also accused the committee of cowardice because he was not allowed to testify in an open forum. He said he wanted the transcript of his interview to be released.

“I am most interested in correcting a number of falsehoods, misstatements, and misimpressions regarding allegations of collusion between Donald Trump, Trump associates, The Trump Campaign and the Russian state,” Stone said in the statement.

U.S. intelligence agencies have concluded that Russia sought to influence the election to boost Trump’s chances of defeating former Secretary of State Hillary Clinton, his Democratic opponent.

In his statement, Stone acknowledged his reputation as a tough political strategist, but said he did not engage in any illegal activities.

“There is one ‘trick’ that is not in my bag and that is treason,” he said.

(Reporting by Patricia Zengerle; Editing by Susan Thomas and Jonathan Oatis)

Philippine president’s Senate foes, allies vow to block budget cut for rights body

FILE PHOTO: Philippine President Rodrigo Duterte gestures as he delivers his speech, during the oath taking of Philippine National Police (PNP) star rank officers, at the Malacanang Presidential Palace in Manila, Philippines August 30, 2017. REUTERS/Romeo Ranoco

By Enrico Dela Cruz

MANILA (Reuters) – Philippine President Rodrigo Duterte’s critics and allies in the Senate vowed on Wednesday to block a lower house move to slash the annual budget of a public-funded human rights agency opposed to his bloody war on drugs to just $20.

The house, dominated by Duterte’s supporters, voted on Tuesday to allocate a 2018 budget of just 1,000 pesos ($20) to the Commission on Human Rights (CHR), which has investigated hundreds of killings during the president’s ferocious anti-narcotics crackdown.

Vice President Leni Robredo, who was not Duterte’s running mate and has locked horns with him numerous times, said the lawmakers’ move effectively abolishes the CHR, a constitutional body.

Duterte’s signature campaign has left thousands of mostly urban poor Filipinos dead. Critics say the lawmakers are trying to retaliate against the CHR for pursuing allegations of executions by police during sting operations, which police deny.

The CHR is among the domestic and foreign rights groups that Duterte frequently admonishes, accusing them of lecturing him and disregarding Filipinos who are victims of crimes stemming from drug addiction.

The upper house minority bloc, composed of six staunch critics of the president, will seek to restore the 678 million peso budget the government and a Senate sub-committee had proposed for the CHR.

Senator Risa Hontiveros described the plan to cut the budget to almost nil as “a shameless rejection of the country’s international and national commitments to champion human rights”.

Several allies of Duterte in the 24-seat chamber said they would scrutinize the house move and try to ensure the commission had a budget that would allow it to work properly.

Senator Richard Gordon said the CHR had a job to do and should not be restricted.

“That is their role – to expose possible abuses,” he said.

Another legislator, JV Ejercito said senators would not make the CHR impotent.

“The CHR is in the thick of things and very relevant nowadays and probably even next year and the years to follow because of what’s happening,” he said in a statement.

Duterte once threatened to abolish the CHR after its chief, Chito Gascon, sought to investigate alleged abuses by police anti-drugs units.

Duterte on Tuesday appeared to distance himself from the lawmakers proposing the meager budget. He said CHR was constitutionally created and should probe whatever it wants, adding he was “not here to destroy institutions”.

“He had it coming. He opens his mouth in a most inappropriate way. He knows nothing,” Duterte said, referring to Gascon.

“The congressmen are really angry. I have nothing against him. Give them a budget for all I care, whatever he likes to investigate.”

(Additional reporting by Neil Jerome Morales; Editing by Martin Petty)

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