Fuel levy and lights and water increases could cover R25 billion-plus tax shortfall

Fuel levy and lights and water increases could cover R25 billion-plus tax shortfall The sugar tax, carbon tax, the NHI and a wealth tax are all expected to be clarified by finance minister Malusi Gigaba’s mid-term budget speech (MTBPS) next … Continue reading

Philadelphia Controller Claims Soda Tax Affects Employers Pocket

Philadelphia Controller Claims Soda Tax Affects Employers Pocket Taxing products whose overconsumption poses a risk to human health not only sounds reasonable but also urgent. To create such taxes in order to finance public policies such as Pre-K programs or … Continue reading

Starting Nov. 1, Airbnb will collect 9% meals and rental tax for NH

Starting Nov. 1, Airbnb will collect 9% meals and rental tax for NH Airbnb has agreed to collect the state’s 9 percent meals and rental tax at the time someone books on its website, guaranteeing the state will receive more … Continue reading

U.S. Budget Deficit Swells, Adding Wrinkle to G.O.P. Push for Tax Cut

U.S. Budget Deficit Swells, Adding Wrinkle to G.O.P. Push for Tax Cut WASHINGTON — The United States has recorded its largest annual budget deficit in four years, highlighting the nation’s worsening fiscal trajectory as lawmakers consider a $1.5 trillion tax … Continue reading

Senate Budget a Major Step Toward Tax Reform, but Falls Short on Spending Reforms

Senate Budget a Major Step Toward Tax Reform, but Falls Short on Spending Reforms Justin Bogie is a senior policy analyst in fiscal affairs at The Heritage Foundation. Adam Michel / @adamnmichel Adam Michel focuses on tax policy and the … Continue reading

Trump tax cut plan gains momentum

Trump tax cut plan gains momentum President Donald Trump’s tax reform plans have won partial support when Republican US Senator Rand Paul said he was “all in” for massive tax cuts, but the party was still far from united over … Continue reading

Tax breaks on the way for electric bikes? Cyclists would be offered subsidies in new Government scheme

Tax breaks on the way for electric bikes? Cyclists would be offered subsidies in new Government scheme Cyclists could be offered subsidies in a Government push to get people on their bike – but only if it’s electric. Electric bikes, … Continue reading

WA payroll tax: Gold industry revolts but big business goes quietly

WA payroll tax: Gold industry revolts but big business goes quietly When WA Premier Mark McGowan fronted cameras to begin selling his Government’s first budget, he took an unusual step for a politician — admitting to broken promises and offering … Continue reading

Taking a tax avoidance Liberty

Taking a tax avoidance Liberty HM Revenue and Customs has defeated a tax avoidance scheme used by the wealthy to reduce their tax bills, which the department expects to protect £325 million in unpaid tax. The decision on the scheme, … Continue reading

Dow surges 165 points to record close on tax reform hopes, stunning GE comeback

Dow surges 165 points to record close on tax reform hopes, stunning GE comeback The Senate approved a $4 trillion budget measure Thursday by a 51-49 vote. Rising expectations of lower corporate taxes have helped stocks rise to record highs … Continue reading

Harford's Glassman proposes property tax credits for long-time elderly residents, retired veterans

Harford's Glassman proposes property tax credits for long-time elderly residents, retired veterans Harford County Executive Barry Glassman is proposing to give eligible elderly Harford County residents and retired veterans a significant discount on their annual property tax bills, according to … Continue reading

Trump tax cut plan gains momentum after U.S. budget vote

Trump tax cut plan gains momentum after U.S. budget vote WASHINGTON (Reuters) – President Donald Trump’s tax reform plans won partial support on Friday when Republican U.S. Senator Rand Paul said he was “all in” for massive tax cuts, but … Continue reading

Meadows: Traders right to be optimistic about tax reform

Meadows: Traders right to be optimistic about tax reform This is a rush transcript from “Your World,” October 20, 2017. This copy may not be in its final form and may be updated. NEIL CAVUTO, “YOUR WORLD” HOST: And what … Continue reading

Republicans Passed a Budget Bill. What Does That Mean for Tax Overhaul?

Republicans Passed a Budget Bill. What Does That Mean for Tax Overhaul? WASHINGTON — Congressional Republicans cleared an early hurdle on Thursday in their attempt to pass a major tax overhaul, after the Senate approved a budget resolution for the … Continue reading

Trump tax cuts gain momentum

Trump tax cuts gain momentum President Donald Trump’s drive to overhaul the U.S. tax code cleared a critical hurdle when the Senate approved a budget blueprint for the 2018 fiscal year. Fred Katayama reports. President Donald Trump expressed optimism Friday … Continue reading

Paul Ryan: House GOP will propose a new top tax rate for the rich

Paul Ryan: House GOP will propose a new top tax rate for the rich NEW YORK (CNNMoney) – House Speaker Paul Ryan broke a bit of tax news Friday when he said that House Republicans plan to propose a new … Continue reading

New law will allow US tax reforms without Democratic support

New law will allow US tax reforms without Democratic support The Trump administration’s plan to reform the US tax system has received a significant boost as the Senate passed a budget law that will allow Republicans to pass tax reform … Continue reading

Opinion: The most important thing to get right about tax reform

Opinion: The most important thing to get right about tax reform Tax reform is moving forward after the Senate on Thursday approved a budget resolution authorizing up to $1.5 trillion in new deficits over the next 10 years. This leaves … Continue reading

Trump’s tax plan is a potential turning point for markets

Trump’s tax plan is a potential turning point for markets The Trump administration has reached what could be a moment of truth, and so have the world’s capital markets. This week, the White House finally announced its long-awaited proposal for … Continue reading

Trump’s Tax Plan: What Happens Next

Trump’s Tax Plan: What Happens Next WASHINGTON — Lawmakers are facing daunting hurdles and deadlines as they try to carry out President Donald Trump’s pledge to overhaul the nation’s tax system and cut rates. The Senate took a step in … Continue reading

Dow soars 140 points on tax-reform hopes

Dow soars 140 points on tax-reform hopes The Senate approved a $4 trillion budget measure Thursday by a 51-49 vote. Passing a budget unlocks reconciliation, which enables the GOP to pass a tax bill with a simple 51-vote majority in … Continue reading

Trump tax cuts: A 'win' for the GOP, a disaster for the rest of us

Trump tax cuts: A 'win' for the GOP, a disaster for the rest of us With the Senate’s passage of a budget framework on Thursday night, Republicans hope to enact a sweeping overhaul of the tax code by Christmas. What … Continue reading

Hull reckons it’s so popular that it could soon start charging visitors a tourist tax for overnight stays

Hull reckons it’s so popular that it could soon start charging visitors a tourist tax for overnight stays ROME, Amsterdam, Ibiza, Paris and… Hull. What do all of these cities have in common? Well if Hull has its way, it … Continue reading

Larson Tax Relief Honored as Finalist for 2017 Denver/Boulder BBB Torch Award for Marketplace Trust – Large Business Category

Larson Tax Relief Honored as Finalist for 2017 Denver/Boulder BBB Torch Award for Marketplace Trust – Large Business Category WESTMINSTER, Colo., Oct. 20, 2017 /PRNewswire/ — Larson Tax Relief, a national tax resolution firm, was honored as a finalist in … Continue reading

Trump tax cut plan gains momentum after budget vote

Trump tax cut plan gains momentum after budget vote WASHINGTON (Reuters) – President Donald Trump’s tax reform plans won partial support on Friday when Republican U.S. Senator Rand Paul said he was “all in” for massive tax cuts, but the … Continue reading

Ryan says tax overhaul will include a bracket aimed at the wealthy

Ryan says tax overhaul will include a bracket aimed at the wealthy House Speaker Paul D. Ryan said Friday that the Republican tax overhaul will include a fourth bracket for the wealthiest Americans at the insistence of President Trump to … Continue reading

No Tax Cuts Yet But $4 Trillion Budget Win Pushes GOP Closer

No Tax Cuts Yet But Trillion Budget Win Pushes GOP Closer So, first things first: there have been no tax cuts. This does not mean there will not be tax cuts (in fact, I’m quite sure there will be) but … Continue reading

Sen. Rand Paul says he’s ‘all in’ on tax reform despite budget vote

Sen. Rand Paul says he’s ‘all in’ on tax reform despite budget vote Sen. Rand Paul responded to a tweet from President Trump on Friday saying that he’s “all in” on tax reform, despite voting against the Senate budget plan. … Continue reading

Trump’s tax cuts are finally on their way

Trump’s tax cuts are finally on their way Republicans in Washington are finally poised to get something done. After a fitful year characterized by party infighting and three failed efforts to repeal the Affordable Care Act, the Republicans who control … Continue reading

Trump promises tax cuts as Senate GOP paves way with budget

Trump promises tax cuts as Senate GOP paves way with budget WASHINGTON — President Donald Trump promised tax cuts Friday “which will be the biggest in the history of our country!” following Senate passage of a $4 trillion budget that … Continue reading

Republicans' process for passing a tax plan looks strikingly similar to that for healthcare — but they say this time will be different

Republicans' process for passing a tax plan looks strikingly similar to that for healthcare — but they say this time will be different Republicans are set on using reconciliation to bypass the 60-vote threshold for their tax plan. GOP senators … Continue reading

IRS announces 2018 tax brackets, standard deduction amounts

IRS announces 2018 tax brackets, standard deduction amounts What’s next for tax cuts and the budget plan The Internal Revenue Service has announced the annual inflation adjustments for a number of tax-related provisions for 2018, including, of course, the latest … Continue reading

Senate adopts budget, giving momentum to Trump's tax-cut plans

Senate adopts budget, giving momentum to Trump's tax-cut plans (Bloomberg)—The Senate adopted a fiscal 2018 budget resolution Thursday that House GOP leaders agreed to accept, a show of unity aimed at speeding consideration of President Donald Trump’s plan to enact … Continue reading

Tax reform should be key part of Kentucky pension reform | Wayne

Tax reform should be key part of Kentucky pension reform | Wayne Just last February, in his State of the Commonwealth address, Gov. Matt Bevin made bold declarations to fix our tax system. He asserted Kentucky will be fiscally insolvent … Continue reading

U.S. Senate passes budget bill; tax debate comes next

U.S. Senate passes budget bill; tax debate comes next President Donald Trump’s drive to overhaul the U.S. tax code cleared a critical hurdle on Thursday when the Senate approved a budget blueprint for the 2018 fiscal year that will pave … Continue reading

Republicans could now unexpectedly try to 'steamroll' Trump's massive tax plan through Congress

Republicans could now unexpectedly try to 'steamroll' Trump's massive tax plan through Congress Mitch McConnell, Donald Trump, and Paul Ryan Getty Images/Pool The Senate passed its budget resolution Thursday night, setting up the path to tax reform. Indications from the … Continue reading

No Tax Cuts Yet But Latest Budget Win Pushes GOP Closer

No Tax Cuts Yet But Latest Budget Win Pushes GOP Closer So, first things first: there have been no tax cuts. This does not mean there will not be tax cuts (in fact, I’m quite sure there will be) but … Continue reading

What to watch on the GOP budget and tax reform

What to watch on the GOP budget and tax reform The budget approved last night by the Senate will open the door to Republicans’ far-reaching plans for the tax code — and raise questions about what it means for the … Continue reading

Ladbrokes Coral to Appeal 2008 Tax Dispute

Ladbrokes Coral to Appeal 2008 Tax Dispute Ladbrokes Coral is planning on taking its 2008 tax dispute to appeals court early next year. According to media outlets there is GBP70 million at stake. The online and land gambling group said … Continue reading

US Senate chops key obstacle to Trump tax reforms

US Senate chops key obstacle to Trump tax reforms A key hurdle to Donald Trump’s tax reforms has been eliminated, as last night’s US Senate vote in favour of a 2018 budget resolution means the President will only need a … Continue reading

Harford proposes property tax credits for long-time elderly residents, retired veterans

Harford proposes property tax credits for long-time elderly residents, retired veterans Harford County Executive Barry Glassman is proposing to give eligible elderly Harford County residents and retired veterans a significant discount on their annual property tax bills, according to legislation … Continue reading

We Need A Child Tax Credit Bump To Undo Our Welfare State’s Redistribution Of Children

We Need A Child Tax Credit Bump To Undo Our Welfare State’s Redistribution Of Children With Ivanka Trump out front, President Trump’s tax reform framework includes an idea crucial for significantly reducing taxes on middle and lower earners, who pay … Continue reading

125% council tax bill for empty homes in Pembrokeshire

125% council tax bill for empty homes in Pembrokeshire These are external links and will open in a new window Owners of hundreds of empty homes in Pembrokeshire are to be hit by a 125% council tax bill. Empty homes … Continue reading

Rand loses ground as dollar surges on tax cut move

Rand loses ground as dollar surges on tax cut move The rand was weaker against the dollar in late afternoon trade on Friday, as the greenback gained on the euro, after a groundbreaking agreement on taxes in the US Congress … Continue reading

Tax cuts can't go far enough because Congress won't tackle entitlement abuse

Tax cuts can't go far enough because Congress won't tackle entitlement abuse The Senate has passed its version of the annual budget resolution, which would permit a simple majority to pass a 10-year tax cut of $1.5 trillion. That’s a … Continue reading

Tax Cuts Won’t Make America Great Again

Tax Cuts Won’t Make America Great Again In a speech earlier this week, Donald Trump invoked Ronald Reagan’s 1981 tax cuts as a model for his own plan. Trump said Reagan’s tax cuts “unleashed the economic miracle of the 1980s” … Continue reading

Pensions tax relief paper fuels Budget changes rumours

Pensions tax relief paper fuels Budget changes rumours An government briefing paper on pensions tax relief is fuelling rumours that the new rules will be introduced in the upcoming Budget in November. The documents, produced by the House of Commons … Continue reading

Trump says Sen. Rand Paul will support the tax plan

Trump says Sen. Rand Paul will support the tax plan President Trump said Friday that although Sen. Rand Paul voted against the budget, the senator will vote for the tax reform plan. “The Budget passed late last night, 51 to … Continue reading

Tax Bill Will Include 4th Tax Bracket on High-Income Earners, Ryan Says

Tax Bill Will Include 4th Tax Bracket on High-Income Earners, Ryan Says Speaker Paul D. Ryan said Friday that an upcoming tax overhaul bill will include a fourth income tax bracket for high-income earners, but he declined to reveal what … Continue reading

Using Bitcoin to buy a sandwich could trigger a tax bill

Using Bitcoin to buy a sandwich could trigger a tax bill Crypto currencies may have been around for less than a decade, but they are proliferating so quickly that our established tax and regulatory systems can’t keep up. And that … Continue reading

Trump tax cuts gain momentum as Rand Paul goes 'all in'

Trump tax cuts gain momentum as Rand Paul goes 'all in' WASHINGTON (Reuters) – U.S. Republican senator Rand Paul on Friday appeared to back the Trump administration’s sweeping tax cut plan, saying he was “all in” for massive tax cuts … Continue reading

View: Modinomics must light these tax firecrackers through Samvat 2074

View: Modinomics must light these tax firecrackers through Samvat 2074 Diwali is that occasion when Indian civilization comes out with yet another unique aspect of itself. We are the only civilization ever in the history of the world where the … Continue reading

Senate Passes Budget, Unlocking Vehicle for Tax Reform

Senate Passes Budget, Unlocking Vehicle for Tax Reform Senate Republicans passed a budget resolution Thursday evening, clearing a significant hurdle and setting up the process to consider tax legislation later this year. As expected, the approval margin was narrow, 51-49, … Continue reading

Trump sees momentum for tax cuts after Senate OKs budget

Trump sees momentum for tax cuts after Senate OKs budget WASHINGTON (Reuters) – U.S. President Donald Trump on Friday signaled optimism for the passage of Republicans’ sweeping tax cut plan, saying a key senator who rejected the party’s budget blueprint … Continue reading

Tax trouble for landlords

Tax trouble for landlords Already grappled with soaring prices of essentials, tenants in the capital are likely to find themselves in more trouble as the authorities are increasing the tax on holdings manifold. Although the building owners are to pay … Continue reading

U.S. tax reform move boosts dollar, stocks, bond yields

U.S. tax reform move boosts dollar, stocks, bond yields LONDON (Reuters) – European stocks, the dollar and bond yields climbed on Friday as investors speculated on the return of the “Trumpflation trade”, after the U.S. Senate approved a budget blueprint … Continue reading

Young Americans Need A Tax Overhaul That Fuels Their Success

Young Americans Need A Tax Overhaul That Fuels Their Success On demand. The Internet of things. The gig economy. Although the taxonomy used to refer to the future of work has evolved, public policy affecting business and their workers in … Continue reading

Trump Pitches Tax Reform Ahead of Budget Resolution Vote

Trump Pitches Tax Reform Ahead of Budget Resolution Vote President Donald Trump delivered a speech on tax reform at The Heritage Foundation’s annual President’s Club Meeting in Washington, DC on Oct. 17. He urged GOP senators to back his tax … Continue reading

Trump hails budget vote as paving way for 'biggest tax cuts in US history'

Trump hails budget vote as paving way for 'biggest tax cuts in US history' Donald Trump has hailed a key Senate budget vote as paving the way for the biggest tax cuts in US history. The Republican’s approved budget resolution … Continue reading

Warren takes lead role in fight against Trump tax plan

Warren takes lead role in fight against Trump tax plan Sen. Elizabeth Warren and Senate Minority Leader Chuck Schumer walked to a news conference on the Republican tax and budget proposals in Washington on Wednesday. By Victoria McGrane Globe Staff … Continue reading

Senate GOP Backs Budget, Clears Way for Tax Overhaul

Senate GOP Backs Budget, Clears Way for Tax Overhaul WASHINGTON (AP) — Republicans must now shift their focus to enacting President Donald Trump’s sweeping tax plan, a far heavier lift than the $4 trillion budget plan they’ve muscled through the … Continue reading

LHC reserves judgment in appeal against Tax Amnesty Scheme

LHC reserves judgment in appeal against Tax Amnesty Scheme LAHORE: The Lahore High Court (LHC) has reserved a verdict against the Tax Amnesty Scheme by the Government of Pakistan. Justice Shahid Kareem of the Lahore High Court (LHC) heard the … Continue reading

Hull to copy VENICE and introduce the UK’s first tax on tourists ‘to promote the area’

Hull to copy VENICE and introduce the UK’s first tax on tourists ‘to promote the area’ If agreed, Hull will join other European cities including Florence, Paris, Rome, Prague and Venice in making visitors pay. It will add five per … Continue reading

Do you have any question about tax filings? Now, chat online with income tax experts to clear your doubts

Do you have any question about tax filings? Now, chat online with income tax experts to clear your doubts Hacked credit card details of Indians sold online for ₹500 All about Reliance Jio’s new plans The Income Tax Department has … Continue reading

US dollar gains strength on tax reform progress

US dollar gains strength on tax reform progress The Us dollar gained ground overnight following the Republican tax reform victory in the senate.The winning vote of 51-49 means Trump’s government can pass planned tax reforms with the support of any … Continue reading

GOP Gears Up for Tax-Overhaul Push

GOP Gears Up for Tax-Overhaul Push WASHINGTON—Now that the Senate and House have both passed their own 2018 budgets, the sprint to write a major tax bill is on. Republicans hope to finish a bill by year-end. The budget’s passage … Continue reading

Trump warns Democrats about opposing tax plan

Trump warns Democrats about opposing tax plan His daughter, Ivanka, hosted senators for dinner as the White House tries to build support for Trump’s proposed tax reform. “He just mentioned his tax returns”. But some of those Democrats said after … Continue reading

Trump’s tax overhaul clears first hurdle

Trump’s tax overhaul clears first hurdle Washington — The US Senate narrowly passed a 2018 federal budget on Thursday, clearing the way for President Donald Trump’s controversial tax overhaul that includes $1.5-trillion in tax cuts. The Republican measure, which passed … Continue reading

Senate passes budget blueprint, key to Trump tax effort

Senate passes budget blueprint, key to Trump tax effort WASHINGTON (Reuters) – President Donald Trump’s drive to overhaul the U.S. tax code cleared a critical hurdle on Thursday when the Senate approved a budget blueprint for the 2018 fiscal year … Continue reading

Macron suffers EU setback over tech tax plans

Macron suffers EU setback over tech tax plans French president Emmanuel Macron was checked on Thursday in his ambition to secure rapid EU agreement on a new revenue tax for US tech giants, after Ireland and Luxembourg warned that Europe … Continue reading

Hull wants to be first British city to levy a tourism tax – just like Florence, Paris, Rome, Prague and Venice

Hull wants to be first British city to levy a tourism tax – just like Florence, Paris, Rome, Prague and Venice With world-class attractions like the Eiffel Tower and Colosseum, the likes of Paris and Rome seem to have plenty … Continue reading

US Senate poised for crucial vote related to tax reforms today

US Senate poised for crucial vote related to tax reforms today President Donald Trump’s drive to overhaul the US tax code headed for a pivotal moment on Thursday, with Senate Republicans poised to approve a budget measure that would help … Continue reading

U.S. Senate passes budget blueprint, key to Trump tax effort

U.S. Senate passes budget blueprint, key to Trump tax effort WASHINGTON (Reuters) – President Donald Trump’s drive to overhaul the U.S. tax code cleared a critical hurdle on Thursday when the Senate approved a budget blueprint for the 2018 fiscal … Continue reading

US Senate votes to advance Trump tax agenda

US Senate votes to advance Trump tax agenda The US Senate has passed a budget vote that lawmakers expect will pave the way to a tax overhaul deemed critical to Republicans’ prospects in elections next year. Lawmakers voted 51 to … Continue reading

The GOP’s Tax Dilemma

The GOP’s Tax Dilemma Opponents of the Republican tax-reform framework are adept at intellectual contortion. On the one hand, they bemoan that the proposed changes will widen the budget deficit. On the other, they denounce that eliminating some deductions will … Continue reading

U.S. Senate passes budget blueprint key to Trump tax effort

U.S. Senate passes budget blueprint key to Trump tax effort WASHINGTON (Reuters) – President Donald Trump’s drive to overhaul the U.S. tax code cleared a critical hurdle on Thursday when the Senate approved a budget blueprint for the 2018 fiscal … Continue reading

US Senate passes budget, in first step toward tax overhaul

US Senate passes budget, in first step toward tax overhaul The US Senate narrowly passed a 2018 federal budget Thursday, clearing the way for President Donald Trump’s controversial tax overhaul that includes $1.5 trillion in tax cuts. The Republican measure, … Continue reading

Senate Republicans approve budget with $1.5-trillion deficit to pay for Trump's tax cuts

Senate Republicans approve budget with .5-trillion deficit to pay for Trump's tax cuts Senate Republicans overcame internal divisions late Thursday to approve a 2018 budget that will increase the deficit by $1.5 trillion over 10 years to allow for President … Continue reading

Senate paves the way for tax reform by passing a budget

Senate paves the way for tax reform by passing a budget by Joseph Lawler and Susan Ferrechio | Oct 19, 2017, 9:34 PM Share on Twitter Share on Facebook Email this article Share on LinkedIn Print this article “Now’s when … Continue reading

Following Reagan’s tax cut footprints

Following Reagan’s tax cut footprints President Trump and Republican lawmakers have plenty of legislative disagreements, but there is one issue that entirely unites them: tax cuts. It isn’t getting the full attention it deserves from the liberal news media here, … Continue reading

Senate passes a budget, moving the GOP closer to tax reform

Senate passes a budget, moving the GOP closer to tax reform The Senate passes a budget resolution, a key step on the way to tax reform. It still needs to reconcile its budget proposal with a different one passed by … Continue reading

Trump Tax Cuts Clear First Hurdle; Now Comes A Wrestling Match

Trump Tax Cuts Clear First Hurdle; Now Comes A Wrestling Match Senate Republicans on Wednesday kicked off debate on a budget resolution that would set aside room for a net $1.5 trillion tax cut over the coming decade. The vote … Continue reading

Sask. government reverses corporate tax reduction plan

Sask. government reverses corporate tax reduction plan The Saskatchewan government plans to reverse a tax decision announced in the latest provincial budget. On Thursday, Premier Brad Wall said the reduction to the corporate income tax is no longer necessary — … Continue reading

Senate backs GOP budget in step forward for tax revamp

Senate backs GOP budget in step forward for tax revamp WASHINGTON (AP) — Republicans on Thursday muscled a $4 trillion budget through the Senate in a major step forward for President Donald Trump’s ambitious promise of “massive tax cuts and … Continue reading

The Senate passes its budget, clearing a huge hurdle for Trump's tax plan

The Senate passes its budget, clearing a huge hurdle for Trump's tax plan Sen. Mitch McConnell and President Donald Trump. Chip Somodevilla/Getty Images The Senate passed a 2018 budget resolution 51-49. The resolution includes instructions for reconciliation, which would allow … Continue reading

Republicans Ready to Move on a Tax Plan Few Have Seen

Republicans Ready to Move on a Tax Plan Few Have Seen WASHINGTON — Almost no one on or off Capitol Hill has seen the tax overhaul bill that Republicans are drafting behind closed doors. Congressional staff members have not settled … Continue reading

Senate passes budget framework for tax reform

Senate passes budget framework for tax reform Senate Republicans narrowly passed their $4 trillion budget plan Thursday, taking their first big step toward a tax reform package promised by President Donald Trump. Approval of the nonbinding plan allows the Senate … Continue reading

Senate approves budget in crucial step forward for Republican tax cuts

Senate approves budget in crucial step forward for Republican tax cuts The Senate approved the Republican-proposed budget Thursday night, a major step forward for the GOP effort to enact tax cuts. The budget, which now moves to the House, is … Continue reading

Senate passes budget, clearing path for tax reform

Senate passes budget, clearing path for tax reform Senate Republicans on Thursday passed a budget measure that will unlock the route to a sweeping tax overhaul, giving the GOP a sorely-needed victory after other pieces of their legislative agenda collapsed … Continue reading

India's Savings Experiment: Tax Concessions Are A Double-Edged Sword

India's Savings Experiment: Tax Concessions Are A Double-Edged Sword With many economies facing the challenge of a rapidly aging population, whether people are saving optimally becomes an increasingly important social issue. Unfortunately, research findings suggest that much of the global … Continue reading

In 1986, Most Senate Democrats Voted for Tax Reform

In 1986, Most Senate Democrats Voted for Tax Reform More than 30 Senate Democrats voted for President Ronald Reagan’s Tax Reform Act of 1986—including one still in office today—and conservatives say Democrats today have no reason to vote against a … Continue reading

Senate Republicans set to approve budget with $1.5-trillion deficit to pay for Trump's tax cuts

Senate Republicans set to approve budget with .5-trillion deficit to pay for Trump's tax cuts Senate Republicans were on track late Thursday to approve a 2018 budget that will increase the deficit by $1.5 trillion over 10 years to allow … Continue reading

IRS to block, suspend tax returns that lack Obamacare disclosures

IRS to block, suspend tax returns that lack Obamacare disclosures The IRS said it will not accept electronic tax returns, and will suspend paper returns, that do not disclose whether the filer had health insurance coverage during the year. The … Continue reading

The White House Thinks Its Tax Plan Can Do Everything

The White House Thinks Its Tax Plan Can Do Everything The Trump administration thinks they’ve got the Swiss Army knife of tax plans on their hands. White House officials have been out and about pitching their tax reform proposal in … Continue reading

IRS Announces 2018 Estate And Gift Tax Limits: $11.2 Million Per Couple

IRS Announces 2018 Estate And Gift Tax Limits: .2 Million Per Couple It’s official. For 2018, the estate and gift tax exemption is $5.6 million per individual, up from $5.49 million in 2017. That means an individual can leave $5.6 … Continue reading

Vote-a-rama kick-starts GOP tax reform effort

Vote-a-rama kick-starts GOP tax reform effort (CNN)The Senate moved Thursday to pass a budget resolution for next year that is mostly significant because it could make it easier for Republicans to pass major tax cuts, a top GOP priority. Passage … Continue reading

Sen. Tim Scott: Tax plan reduces burden on American workers

Sen. Tim Scott: Tax plan reduces burden on American workers This is a rush transcript from “Your World,” October 19, 2017. This copy may not be in its final form and may be updated. NEIL CAVUTO, “YOUR WORLD” HOST: All … Continue reading

Manchin: I hope to work with Trump on tax reform that works

Manchin: I hope to work with Trump on tax reform that works This is a rush transcript from “Your World,” October 19, 2017. This copy may not be in its final form and may be updated. NEIL CAVUTO, HOST: All … Continue reading

Can Trump Sell A Tax Bill To Middle-Income Voters?

Can Trump Sell A Tax Bill To Middle-Income Voters? While President Trump continues to promote what he says will be the biggest tax cut in history for middle-income households, it is increasingly clear that he and Congress won’t deliver on … Continue reading

Tax reform lurches ahead with Senate voting marathon

Tax reform lurches ahead with Senate voting marathon The Senate launched Thursday into an all-night voting marathon expected to yield a crucial outcome for Republicans: a route to a tax overhaul. While the budget resolution that’s under debate does include … Continue reading