Tax credits for historic renovations facing ax

Tax credits for historic renovations facing ax Many Maine projects have been helped by the program the U.S. House tax bill would eliminate. A tax credit program that has funneled millions of dollars into Maine’s economy faces an uncertain future … Continue reading

Mnuchin says only 'million dollar' earners will pay higher taxes—Tax Policy Center and others show otherwise

Mnuchin says only 'million dollar' earners will pay higher taxes—Tax Policy Center and others show otherwise Treasury Secretary Steven Mnuchin tells CNBC the burden for the GOP tax bill will fall on those making more than $1 million. The Republican-led … Continue reading

Ron Johnson’s opposition to tax bills needs further study

Ron Johnson’s opposition to tax bills needs further study The press is making a big deal about the fact Wisconsin Senator Ron Johnson, who won re-election last year, is against the House and Senate tax bills. The Republican Johnson’s issue … Continue reading

KPMG sees corporate tax rate falling by 2019

KPMG sees corporate tax rate falling by 2019 KUALA LUMPUR: Predicting a cut in Malaysia’s corporate tax by 2019, a tax expert said it would be a catalyst for economic growth, and higher productivity and competitiveness. Ong Guan Heng, executive … Continue reading

Scott Morrison right on corporate tax cuts, wrong on economic reform

Scott Morrison right on corporate tax cuts, wrong on economic reform The Treasurer Scott Morrison has written to leading business figures urging them to get in behind the government’s corporate tax plans. Nothing wrong with that. While the partisan claims … Continue reading

Mnuchin denies tax plans favor big biz, says Bond villain comparison a 'compliment'

Mnuchin denies tax plans favor big biz, says Bond villain comparison a 'compliment' Treasury Secretary Steve Mnuchin on Sunday defended Washington Republicans’ tax-reform plan against criticism it favors big business over everyday taxpayers — and stood behind a viral photo … Continue reading

GOP tax bill sidelines low-income taxpayers: Rep. Denny Heck

GOP tax bill sidelines low-income taxpayers: Rep. Denny Heck The House of Representatives just passed their version of a sweeping tax overhaul that makes major changes to deductions used by low-income earners. Congressman Denny Heck predicts that the wealthy will … Continue reading

GOP Tax Bill Is The End Of All Economic Sanity In Washington

GOP Tax Bill Is The End Of All Economic Sanity In Washington No doubt many of you read the above headline and immediately started to tweet that the GOP tax bill can’t be the end of economic sanity in Washington … Continue reading

Trump open to dropping healthcare provision in Senate tax bill: aide

Trump open to dropping healthcare provision in Senate tax bill: aide WASHINGTON (Reuters) – U.S. President Donald Trump would not insist on including repeal of an Obama-era health insurance mandate in a bill intended to enact the biggest overhaul of … Continue reading

Historic tax credit program that helps local downtowns threatened

Historic tax credit program that helps local downtowns threatened A tax credit program that has funneled millions of dollars into the state’s economy faces an uncertain future in the congressional tax bills that are aimed at fundamentally reshaping American tax … Continue reading

Tax Reform: Seven Political Spins You Need to Know

Tax Reform: Seven Political Spins You Need to Know The debate on tax reform dominates cable news. If you care about your future taxes, you need to understand how politicians are spinning the truth, abusing the language, and corrupting basic … Continue reading

Trump open to dropping healthcare provision in Senate tax bill -aide

Trump open to dropping healthcare provision in Senate tax bill -aide WASHINGTON (Reuters) – U.S. President Donald Trump would not insist on including repeal of an Obama-era health insurance mandate in a bill intended to enact the biggest overhaul of … Continue reading

Exclusive: Steven Mnuchin talks tax reform push

Exclusive: Steven Mnuchin talks tax reform push This is a rush transcript from “Fox News Sunday,” November 19, 2017. This copy may not be in its final form and may be updated. CHRIS WALLACE, “FOX NEWS SUNDAY” HOST: I’m Chris … Continue reading

House Republicans celebrated after punishing Californians and the poor with their tax bill

House Republicans celebrated after punishing Californians and the poor with their tax bill To the editor: The photo you ran in the paper of the celebrating House members and a quote in the article by Sen. Dianne Feinstein say it … Continue reading

The breakneck speed of the Republican tax bill is angering Democrats and increasing the odds it passes

The breakneck speed of the Republican tax bill is angering Democrats and increasing the odds it passes Senate Majority Leader Mitch McConnell and Senate Minority Leader Chuck Schumer Alex Wong/Getty Images Republicans have hastily moved their tax reform bill, the … Continue reading

The GOP Tax Plan Could Mean a Tax Increase If You Work for 1 of These 10 Consumer-Facing Companies

The GOP Tax Plan Could Mean a Tax Increase If You Work for 1 of These 10 Consumer-Facing Companies Fall is in the air in Washington — and so are the winds of change. Following months of promises, the long-awaited … Continue reading

A middle-class tax cut? Hardly.

A middle-class tax cut? Hardly. President Trump and his Republicans are still trying to sell their tax bill as a “middle class tax cut.” The middle class isn’t buying it—but that won’t stop Congress from passing some version of their … Continue reading

Chief executives say corporate tax cuts will unleash investment and more jobs

Chief executives say corporate tax cuts will unleash investment and more jobs Chief executives from Australia’s biggest companies have pledged to unleash a fresh wave of investment and hire more workers if the corporate tax rate is cut, building pressure … Continue reading

Business tax cut critics offer no growth plan of their own: Jennifer Westacott

Business tax cut critics offer no growth plan of their own: Jennifer Westacott The IMF recently confirmed what the government and the Business Council have been warning since US President Donald Trump vowed to cut company taxes: investment funds will … Continue reading

Carr: Whiny Ivies apoplectic over tax

Carr: Whiny Ivies apoplectic over tax Here’s how you know that there’s at least one beautiful new provision in the Republicans’ tax bill: Harvard is screaming bloody murder, ditto Yale, Wellesley, Smith and all the rest of the pampered-puke rich-kid … Continue reading

There's Already a "Postcard Tax Return" — So Why Don't More People Use It?

There's Already a "Postcard Tax Return" — So Why Don't More People Use It? Zimbabwe’s ruling party to expel Mugabe, war vets head says On Thursday, the House of Representatives passed its tax reform plan. One of the goals that … Continue reading

We Hear You: ‘High-Tax Paradises Such as New Jersey and California Better Wake Up’

We Hear You: ‘High-Tax Paradises Such as New Jersey and California Better Wake Up’ Ken McIntyre, a 30-year veteran of national and local newspapers, serves as senior editor at The Daily Signal and The Heritage Foundation’s Marilyn and Fred Guardabassi … Continue reading

India not to sell Cairn Energy shares to recover tax

India not to sell Cairn Energy shares to recover tax NEW DELHI: The income tax department will not sell the attached shares of Cairn Energy to recover a Rs 10,247-crore retrospective tax demand as it fears that replenishing them in … Continue reading

Panama Papers: Tax Department Files Criminal Charges Under Anti-Black Money Law

Panama Papers: Tax Department Files Criminal Charges Under Anti-Black Money Law New Delhi: Stepping up the probe into the Panama Papers scandal, the Income Tax Department has slapped criminal charges under the new anti-black money law and launched fresh assessment … Continue reading

Auto tax evasion triples in four years

Auto tax evasion triples in four years The number of untaxed vehicles on Britain’s roads has trebled since the paper tax disc was ditched in October 2014. The rate of Vehicle Excise Duty (VED/road tax) evasion in traffic has jumped … Continue reading

Tax experts call for ‘rethink’ of UK corporation tax in Budget

Tax experts call for ‘rethink’ of UK corporation tax in Budget Tax experts have urged UK chancellor Philip Hammond to “rethink” plans to cut corporation tax to 17 per cent by the end of the decade in order to free … Continue reading

House tax bill is gift to companies offshoring profits and jobs

House tax bill is gift to companies offshoring profits and jobs As the country begins to digest the revelations in the new offshore tax haven leak known as the “Paradise Papers,” it’s important to not lose sight of the fact … Continue reading

Israel Tax Authority makes claiming disabled child credits easier

Israel Tax Authority makes claiming disabled child credits easier Parents of disabled children need no longer apply to Income Tax Offices or present medical certificates. Parents of disabled children in Israel who seek to exercise their rights to tax benefits … Continue reading

Are you paying the right amount of tax? These money-saving hacks could help you out

Are you paying the right amount of tax? These money-saving hacks could help you out Here are five hacks to make sure you are not overpaying on tax. Website moneysavingexpert.com has shared these legal tips for getting the most out … Continue reading

Truth telling on tax cut plan

Truth telling on tax cut plan There they go again. Activist groups and their Congressional surrogates, including Colorado Sen. Michael Bennet, are trying to derail recently proposed federal tax cut legislation by falling back on their favorite messaging tactic of … Continue reading

A cartoonishly silly New York Times tax reform editorial

A cartoonishly silly New York Times tax reform editorial by Becket Adams | Nov 17, 2017, 4:34 PM Share on Twitter Share on Facebook Email this article Share on LinkedIn Print this article The New York Times’ editorial board has … Continue reading

4 ways the Republican tax plan could change health care

4 ways the Republican tax plan could change health care This is the web version of VoxCare, a daily newsletter from Vox on the latest twists and turns in America’s health care debate. Like what you’re reading? Sign up to … Continue reading

Millionaires have cost the Treasury £8.6billion in the five years since 50p income tax rate was slashed

Millionaires have cost the Treasury £8.6billion in the five years since 50p income tax rate was slashed But millions of public sector workers have not had a decent rise since the top rate was cut by George Osborne in April … Continue reading

Ultra-wealthy big winners under Donald Trump's tax plan

Ultra-wealthy big winners under Donald Trump's tax plan The ultra-wealthy, especially those with dynastic businesses – like US President Donald Trump and his family – do very well under a major Republican tax bill moving in the Senate, as they … Continue reading

Republican tax cuts pass House, still face tricky path

Republican tax cuts pass House, still face tricky path Donald Trump’s Republicans and investors on Wall Street cheered a $US1.4 trillion tax cut passing the US House of Representatives on Friday (AEDT), but tax reform still faces a tricky path … Continue reading

Dan Haar: Tax reform could kill historic renovations that define cities

Dan Haar: Tax reform could kill historic renovations that define cities It was an upbeat morning in Bridgeport Thursday with one glaring problem as three developers talked ebulliently about their projects with the local chamber of commerce and the regional … Continue reading

The Republican Tax Bill's Winners and Losers

The Republican Tax Bill's Winners and Losers (WASHINGTON) — The ultra-wealthy, especially those with dynastic businesses — like President Donald Trump and his family — do very well under a major Republican tax bill moving in the Senate, as they … Continue reading

Only cracking down on tax dodgers can stop this painful crisis in health and social care, says Rachael Bletchly

Only cracking down on tax dodgers can stop this painful crisis in health and social care, says Rachael Bletchly I couldn’t sleep the other night because I was worrying about my old age. I’ve been on a hospital course for … Continue reading

I-T tribunal uncovers $309,000 in tax haven, slaps fresh taxes on assessees

I-T tribunal uncovers 9,000 in tax haven, slaps fresh taxes on assessees MUMBAI: In its recent order, the Income-Tax Appellate Tribunal (ITAT)’s Mumbai bench has held deposits in LGT Bank as the beneficiaries’ undisclosed income and dismissed their appeals. The … Continue reading

Wall Street used to be excited about tax cuts. Now it’s not so sure.

Wall Street used to be excited about tax cuts. Now it’s not so sure. The “Trump rally” — the soaring markets of the year since the 2016 election — was supposed to be largely about taxes. Wall Street believed Republican … Continue reading

Amazon, Costco, Kroger, Macy's And Walmart Could Be Helped By A 20% Tax Rate

Amazon, Costco, Kroger, Macy's And Walmart Could Be Helped By A 20% Tax Rate On the opposite side of the spectrum from Apple, Cisco, Google, Microsoft and Oracle are retailers such as Amazon, Costco, Kroger, Macy’s and Walmart who could … Continue reading

GOP tax plan: Nearly half of benefits go to top 1 percent

GOP tax plan: Nearly half of benefits go to top 1 percent ‘There has never been a tax cut in American history in which taxes were raised on the poor to benefit the wealthy,’ Joy Reid’s guest Bruce Bartlett says … Continue reading

Why a Firm Believer in Tax Cuts Could Derail the Senate Tax Cut Plan

Why a Firm Believer in Tax Cuts Could Derail the Senate Tax Cut Plan WASHINGTON — On the eve of the House’s vote to pass a far-reaching $1.5 trillion tax cut, Speaker Paul D. Ryan of Wisconsin placed a hasty … Continue reading

Mnuchin: GOP tax reform would give small business owners the lowest rates 'since the 1930s'

Mnuchin: GOP tax reform would give small business owners the lowest rates 'since the 1930s' Treasury Secretary Steven Mnuchin makes a pitch to owners of small and medium-sized businesses to support the Republican tax cut efforts. Ninety-eight percent of business … Continue reading

Stop the Republican tax give-a-way plan

Stop the Republican tax give-a-way plan According to the analysis commissioned by NBC News, the biggest savings for Trump and his heirs would come from the repeal of the estate tax, which now levies a 40 percent tax on estates … Continue reading

Budget 2017: Tax on takeaway boxes to be considered

Budget 2017: Tax on takeaway boxes to be considered A tax on takeaway boxes is to be considered in an attempt to tackle the problem of plastic waste. In Wednesday’s Budget, Chancellor Philip Hammond is expected to call for evidence … Continue reading

The GOP Tax Bill Explained: The Rich Get Richer

The GOP Tax Bill Explained: The Rich Get Richer The tax overhaul plan that passed the House on Thursday would grant a staggering $1.5 trillion in cuts to corporations and households. But only those unfamiliar with US politics would consider … Continue reading

US Senate tax plan puts multinationals in crosshairs

US Senate tax plan puts multinationals in crosshairs Multinational companies that generate significant non-US profits from intellectual property would be hit by a new US tax regime under a plan from Senate Republicans that has created fresh uncertainty over international … Continue reading

Tax filers in most states claim deduction targeted by GOP

Tax filers in most states claim deduction targeted by GOP A popular deduction targeted in the GOP’s overhaul of the tax code is used by more than a quarter of all filers in a majority of states, including many led … Continue reading

Gas Tax Repeal Fight Heats Up

Gas Tax Repeal Fight Heats Up It is a tax that is almost impossible to avoid. The new California gas tax has had a significant impact on San Diego gas prices since it went into effect on Nov. 1. Taxes … Continue reading

Who wins and loses in Trump's tax plan?

Who wins and loses in Trump's tax plan? Over the Thanksgiving break Congress will have time to start digesting Donald Trump’s plans to implement the largest tax overhaul in a generation. It already has Trump’s critics – and several leading … Continue reading

Tax plan could hurt homeowners and create credit risk in high tax areas

Tax plan could hurt homeowners and create credit risk in high tax areas Congressional tax overhaul could hurt home prices in high-tax states and create looming credit risk for local governments. S&P Global Ratings said this week there could “be … Continue reading

Trump claims the tax bill would lead to a huge boost for business spending and hiring — executives aren't as sure

Trump claims the tax bill would lead to a huge boost for business spending and hiring — executives aren't as sure President Donald Trump and Gary Cohn Alex Wong/Getty Images The Trump administration has argued that cutting corporate taxes in … Continue reading

The Republican tax bill has a provision that would end a headache for private jet owners

The Republican tax bill has a provision that would end a headache for private jet owners The Senate GOP tax bill contains a tax change for owners of private jets. People and companies that own jets would have payments relating … Continue reading

Sen. Orrin Hatch: I’m “sick and tired” of Democrats saying this tax plan is for the rich

Sen. Orrin Hatch: I’m “sick and tired” of Democrats saying this tax plan is for the rich Before the Senate Finance Committee called the vote on the Republican tax plan, Sen. Sherrod Brown (D-OH) wanted his colleagues to acknowledge one … Continue reading

The SARS share option that offers a 100% tax deduction

The SARS share option that offers a 100% tax deduction With a R50.8 billion shortfall and concerns of a tax revolt, it is clear that South Africans are clearly becoming fed up with taxes. For fatigued taxpayers, there is still … Continue reading

What to do if you’re running late submitting your tax?

What to do if you’re running late submitting your tax? November 24 is the most important date on the calendar for taxpayers, as this is when most taxpayers have until to file their annual tax returns. Each year, more than … Continue reading

Ultra-wealthy win in Senate tax bill, other face hikes

Ultra-wealthy win in Senate tax bill, other face hikes WASHINGTON — The ultra-wealthy, especially those with dynastic businesses — like President Donald Trump and his family — do very well under a major Republican tax bill moving in the Senate, … Continue reading

Carper reacts to tax reform bills

Carper reacts to tax reform bills What if you’re a business owner? As a father of three, I know that raising a family can be expensive, and it is time we have a tax code that works with, not against, … Continue reading

How tax reform could impact Hoosiers preparing for tax season

How tax reform could impact Hoosiers preparing for tax season The House today voted to approve the Tax Cuts and Jobs Act of 2017, and the Senate Finance Committee is expected to approve its version of tax reform as soon … Continue reading

Tax Cuts for Small-Business Owners? It’s Complicated

Tax Cuts for Small-Business Owners? It’s Complicated The House Republicans’ tax overhaul bill calls for reducing the tax burden on people who own small businesses like Steve’s Bike Shop — not giving breaks to professional athletes like Stephen Curry, the … Continue reading

Tax Fight Gets Personal as Senators Spar Over Bill

Tax Fight Gets Personal as Senators Spar Over Bill As the $1.5 trillion tax cut sailed through the House on Thursday along party lines, the Senate Finance Committee was beset by sharp exchanges between Republicans and Democrats, who spent an … Continue reading

Tax bill passed by House will help small businesses like mine

Tax bill passed by House will help small businesses like mine Tax relief is nearing the finish line. The House voted 227-205 Thursday to pass the Tax Cuts and Jobs Act, putting the ball in the Senate’s court. We can … Continue reading

Sen. Murkowski hasn’t ruled out voting for tax bill with Obamacare mandate repeal

Sen. Murkowski hasn’t ruled out voting for tax bill with Obamacare mandate repeal Tuesday we learned that the GOP had decided to add repeal of Obamacare’s individual mandate to the tax bill which is still under consideration in the Senate. … Continue reading

And the biggest loser in the GOP’s tax plan is . . . humans

And the biggest loser in the GOP’s tax plan is . . . humans Corporations are people, my friend. Both Mitt Romney and the Supreme Court told us so years ago. Still, they left out one key fact: It’s way … Continue reading

Harvey Weinstein Tax Would Prevent Sex Harassment Settlement Write-Offs

Harvey Weinstein Tax Would Prevent Sex Harassment Settlement Write-Offs In business, lawyer’s fees and legal settlements are usually tax deductible. In fact, even punitive damages are tax deductible, no matter how bad the conduct. In general, only fines and penalties … Continue reading

What Might Tax Reform Mean To Your Retirement Account?

What Might Tax Reform Mean To Your Retirement Account? Both the House and Senate tax reform plans keep 401(k) deferral limits, but they make other retirement-related changes By Jon Vogler, Senior Analyst, Retirement Research. Posted on Expert Investment Views: Invesco … Continue reading

The GOP Tax Plan Would Make It Even Harder to Be a Grad Student

The GOP Tax Plan Would Make It Even Harder to Be a Grad Student But the latest Republican tax plan promises death by a thousand deductions too, by eliminating a long-standing tuition exemption for higher education. Students were previously entitled … Continue reading

Kamala Harris Trashes Private Jet Tax Break in GOP Bill That Fellow Democratic Senator Previously Proposed

Kamala Harris Trashes Private Jet Tax Break in GOP Bill That Fellow Democratic Senator Previously Proposed Sen. Kamala Harris (D., Calif.) on Friday ripped a provision in the Senate Republican tax reform bill that gives a tax break to private … Continue reading

Does The Republican Tax Bill Include a Loophole Benefitting Golf Course Owners?

Does The Republican Tax Bill Include a Loophole Benefitting Golf Course Owners? Even before it passed the House and headed to Senate on 16 November 2017, criticism mounted around one provision retained as part of in the Republican-sponsored Tax Cuts … Continue reading

Tax Talks Advance Without an Analysis of Economic Impact

Tax Talks Advance Without an Analysis of Economic Impact The tax debate that consumed Congress this week was missing an ingredient Republicans say is essential to any realistic analysis of changes in the tax law: an accounting of the economic … Continue reading

Newspaper headlines: Takeaway container tax and jungle rescue

Newspaper headlines: Takeaway container tax and jungle rescue These are external links and will open in a new window Image caption “Rescued!” is the headline on the front of the Daily Mail, which claims it helped find trapped explorer Benedict … Continue reading

Accounting ‘Gimmicks’ in G.O.P.’s Tax Overhaul Mask Higher Cost, Deficit Hawks Say

Accounting ‘Gimmicks’ in G.O.P.’s Tax Overhaul Mask Higher Cost, Deficit Hawks Say WASHINGTON — As Republicans march forward with their $1.5 trillion tax bill, budget experts are warning about what they say are an alarming array of accounting gimmicks intended … Continue reading

How would the middle class fare under the Senate tax bill?

How would the middle class fare under the Senate tax bill? Republicans and Democrats offer wildly different interpretations of what the latest version of the Senate tax bill would do for the middle class and other income groups. Republicans generally … Continue reading

Understanding 2017 Corporate Tax Reform Issues

Understanding 2017 Corporate Tax Reform Issues The Republican tax overhaul plans have sparked great uncertainty amid heated debates. This article provides a framework for thinking through the issues. My sister asked me, “How should we reform taxes, Bill?” I asked … Continue reading

Republicans want to give rich people a tax cut on private school tuition

Republicans want to give rich people a tax cut on private school tuition The estimated savings could be more than $30,000 per 529 account. Facebook/The Exeter Issue The GOP tax plan would allow families to pull money out of 529 … Continue reading

INVESTMENT EXTRA: Get a tax-free bonus by backing start-ups

INVESTMENT EXTRA: Get a tax-free bonus by backing start-ups As low interest rates prevail and the Government continues to claw back the annual allowance on pensions, investors have been forced to find more creative ways of getting returns. For many, … Continue reading

Winners and losers in the tax bill that passed the House

Winners and losers in the tax bill that passed the House The sweeping tax bill that passed the House with only Republican votes on Thursday will cut what Uncle Sam collects in taxes by $1.5 trillion over the coming decade. … Continue reading

FOX NEWS FIRST: Tax relief closer to reality as Senate panel OKs bill

FOX NEWS FIRST: Tax relief closer to reality as Senate panel OKs bill GOP tax-relief bill nears President Trump’s desk after Senate panel OK late Thursday following House approval Democrats in disarray after Sen. Al Franken apologizes for groping a … Continue reading

The tax-cut package is extremely unpopular, and it's not hard to see why

The tax-cut package is extremely unpopular, and it's not hard to see why Republicans will soon deliver a large tax-cut package to President Trump’s desk. The problem is, most people hate it. The GOP tax-cut effort is mainly about cutting … Continue reading

‘Private Jet Deduction’ in Tax Bill Isn’t Quite What It Seems

‘Private Jet Deduction’ in Tax Bill Isn’t Quite What It Seems Did you hear the one about the “private jet deduction” in Senate Republicans’ tax bill? There’s less to it than that—and it’s backed by one of the most liberal … Continue reading

John McCain just gave a big boost to the GOP tax bill

John McCain just gave a big boost to the GOP tax bill Sen. John McCain at a July 27 press conference on Capital Hill about his resistance to a healthcare bill. REUTERS/Aaron P. Bernstein Sen. John McCain expressed satisfaction with … Continue reading

The Republican tax bill is far, far, far worse than it had to be

The Republican tax bill is far, far, far worse than it had to be Republicans had a decade at least to come up with a comprehensive tax reform plan that achieves their goals without raising taxes on the middle class. … Continue reading

House passes GOP tax reform bill: How does the Senate's version compare?

House passes GOP tax reform bill: How does the Senate's version compare? The House passed its tax reform legislation Thursday afternoon, and the Senate moved its bill out of committee later in the evening. The House legislation passed, 227 to … Continue reading

How the Senate and House tax brackets compare

How the Senate and House tax brackets compare Senate Republicans are keeping seven income tax brackets in their tax overhaul, but they are changing the rates that would apply to your income. Under current law, the seven tax brackets are … Continue reading

The Republican tax bill contains a sneaky break for private jet owners

The Republican tax bill contains a sneaky break for private jet owners The Senate GOP tax bill contains a tax break for owners of private jets. People that own jets would have payments relating to their exempted from an excise … Continue reading

House Republicans pass tax reform bill; Senate draft advances

House Republicans pass tax reform bill; Senate draft advances The GOP plan for tax overhaul cleared the House on Thursday. The House plan would chop the corporate tax rate to 20 percent from 35 percent and make other tweaks aiming … Continue reading

The business tax problem causing trouble for the GOP

The business tax problem causing trouble for the GOP Stocks decline as Wall Street looks ahead to tax reform Here’s who would gain from an estate tax rollback The Senate tax plan encountered its first outright Republican opposition this week, … Continue reading

Congress is counting on America having 'amnesia' about Reagan's tax cuts, Yale expert says

Congress is counting on America having 'amnesia' about Reagan's tax cuts, Yale expert says A Yale University expert on Friday delivered a stinging criticism of the Republicans’ proposed tax plan, saying Congress is counting on America having amnesia about the … Continue reading

House Republicans pass $1.4tn tax revamp

House Republicans pass .4tn tax revamp House Republicans have passed a controversial overhaul of the US tax code that slashes corporate rates. Thursday’s vote came after US President Donald Trump made a rare visit to Congress to rally lawmakers around … Continue reading

Senate panel approves GOP tax plan

Senate panel approves GOP tax plan Analysis: The House just passed its big tax bill; here’s what’s in it The panel voted to send the tax plan to the full Senate on a party-line vote of 14-12. “For the millions … Continue reading

The Republican tax bill is in serious trouble

The Republican tax bill is in serious trouble Is the Republican tax bill going down? While House Republicans passed their version of the bill on Thursday, both the House and the Senate must ultimately pass the same thing before it … Continue reading

Sky Views: Clean up our complex tax system

Sky Views: Clean up our complex tax system Everyone has a Budget wish-list. Ken Clarke, the former chancellor, told Sky News last week that Philip Hammond, his latest successor, would need “a tin hat” before the Budget in order to … Continue reading

John Fund: It looks like we are finally on the cusp of tax reform

John Fund: It looks like we are finally on the cusp of tax reform Dan Mitchell has been waiting a long time for tax reform. In 1986, he was a young free-market economist working for Senator Bob Packwood, the Finance … Continue reading

Republicans rally for a ‘comeback,’ push $1.4 trillion tax cut through House

Republicans rally for a ‘comeback,’ push .4 trillion tax cut through House With spines stiffened by a presidential pep talk, House Republicans easily approved a $1.4 trillion tax cut Thursday, taking the first big step toward a decades-overdue overhaul that … Continue reading

First, Republicans want tax cuts. Next, they’ll try gutting Medicare and Social Security.

First, Republicans want tax cuts. Next, they’ll try gutting Medicare and Social Security. Bruce Bartlett was a domestic policy adviser to President Ronald Reagan. He is the author of “The Truth Matters: A Citizen’s Guide to Separating Facts from Lies … Continue reading

Senate panel OKs tax bill, drawing Trump, GOP closer to major legislative win

Senate panel OKs tax bill, drawing Trump, GOP closer to major legislative win The panel’s 14-12 vote means the bill will likely reach the Senate floor sometime after Thanksgiving. Earlier Thursday, the House passed its bill in a 227-205 vote. … Continue reading

The Republican tax bill is moving through Congress at light speed

The Republican tax bill is moving through Congress at light speed Republicans in Congress have kept their tax plan moving right on schedule, with a quick-strike strategy and an uncanny knack for waving away the trade-offs that come with overhauling … Continue reading

Senate Markup Would Make Individual Tax Cuts Temporary, Corporate Tax Cuts Permanent

Senate Markup Would Make Individual Tax Cuts Temporary, Corporate Tax Cuts Permanent Days after the Senate announced the details of their version of the Tax Cuts and Jobs Act, the real work began: marking it up. Sen. Orrin Hatch (R-UT), … Continue reading

One picture explains a major problem with the Republican tax plan

One picture explains a major problem with the Republican tax plan House Republicans passed their massive tax bill on Thursday. Before the vote, House Speaker Paul Ryan emphasized how middle-class Americans would benefit from the tax plan. He even bought … Continue reading