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A comeback realized: $50M renovation of Skyview Downtown housing in Springfield draws praise

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SPRINGFIELD — Local, state and federal officials gathered Tuesday to hail a completed $50 million renovation project at the Skyview Downtown housing complex on Chestnut Street, a comeback that they said ended decades of difficulties.   The four-building, 489-unit complex, known previously as Chestnut Park Apartments and Chestnut Tower, opened in 1976 as a luxury high-rise. But over…

Bad Deal for Millions of Americans: New Tax Law and Budget Cuts to Social Security, Medicare and Medicaid

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As the Democratic Leader of the House Ways & Means Committee, I strongly opposed the ill-advised Republican tax plan. The resulting law that was passed in Congress and signed by President Trump with is simply a bad deal for millions of Americans. It will raise taxes on 86 million middle class families, add $2.3 trillion to the federal debt, worsen economic inequality, and take health…

Neal Introduces Bill to Close Reinsurance Tax Loophole

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Click here to download the technical explanation of the bill Mr. Speaker, today I am pleased to come before the House to introduce legislation ending a current law loophole that allows foreign insurance groups to strip their U.S. income into tax havens to avoid U.S. tax and gain a competitive advantage over American companies.  I am pleased to be joined in my efforts by Senator…

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