Republicans confident tax bill to become law this week

Republicans confident tax bill to become law this week
WASHINGTON (Reuters) – Top U.S. Republicans said on Sunday they expected Congress to pass a tax code overhaul this week, with a Senate vote as early as Tuesday and President Donald Trump aiming to sign the bill by week’s end. John Cornyn, the No. 2 U.S …
Republicans confident tax bill to become law this week

The tax bill became less bad as it went through the legislative process

The tax bill became less bad as it went through the legislative process
The Republican tax bill has changed substantially since it was first introduced in October. And the changes have mostly been for the better as it’s moved through the legislative process. Congress is expected to pass the tax bill this week. If you formed …
The tax bill became less bad as it went through the legislative process

Strategists recommend buying on rumors of tax reform, because 'people are going to sell on the news'

Strategists recommend buying on rumors of tax reform, because 'people are going to sell on the news'
. But some strategists are floating a classic market adage to describe the market’s response to the pending legislation: “Buy the rumor, sell the news.” On Wall Street, “Clients have been literally positioning capital into tax reform plays since August …
Strategists recommend buying on rumors of tax reform, because 'people are going to sell on the news'

Congress's critical week to include final tax vote, avoiding shutdown, key Russia-related testimony

Congress's critical week to include final tax vote, avoiding shutdown, key Russia-related testimony
Congress is slated for a busy week that includes expected final votes in both chambers on its sweeping tax-reform bill, testimony from two key figures in the Trump Russia probe and a perilous vote to keep the government from shutting down after Friday.
Congress's critical week to include final tax vote, avoiding shutdown, key Russia-related testimony

What The 2018 Tax Brackets, Standard Deductions, And More Look Like Under Tax Reform

What The 2018 Tax Brackets, Standard Deductions, And More Look Like Under Tax Reform
With tax reform just around the corner (a vote is scheduled on the conference bill this week), many taxpayers are wondering what it means for 2018. You can read my take on what’s in the conference bill here, but for a deeper dive on some of the specific …
What The 2018 Tax Brackets, Standard Deductions, And More Look Like Under Tax Reform

GOP Tax Bill Would Set Up Years of Challenges

GOP Tax Bill Would Set Up Years of Challenges
WASHINGTON—Republicans are on the cusp this week of passing a historic overhaul of the U.S. tax system but might also be ushering in a new period of instability in the tax code, because the plan is advancing without bipartisan support and with expiration …
GOP Tax Bill Would Set Up Years of Challenges

Under The GOP Tax Bill, Not Being Married Could Cost You

Under The GOP Tax Bill, Not Being Married Could Cost You
Under the new GOP tax brackets, a single parent family earning $100,000 per year could pay nearly $4,000 more in taxes than a married couple/family with the same income. And if that married couple had instead chose to remain unmarried, they could have to …
Under The GOP Tax Bill, Not Being Married Could Cost You

Tax Reform And AMT: What You Should Know

Tax Reform And AMT: What You Should Know
For the last few months, Congress has been hard at work revising the tax code, a process that has added a great deal of uncertainty to year-end tax planning. I’ve heard from a number of people who are worried about losing deductions next year, and even …
Tax Reform And AMT: What You Should Know

SPOTY 2017: Lewis Hamilton slated by BBC viewers for tax dodging and dodgy nose ring

SPOTY 2017: Lewis Hamilton slated by BBC viewers for tax dodging and dodgy nose ring
LEWIS HAMILTON’S hopes of winning Sports Personality of the Year came crashing down over his tax-dodging and dodgy nose ring. The British F1 ace avoided paying European taxes on his private jet using an Isle of Man scheme that is to be investigated by HM …
SPOTY 2017: Lewis Hamilton slated by BBC viewers for tax dodging and dodgy nose ring

GOP tax bill: Here's what people are saying

GOP tax bill: Here's what people are saying
How do people feel about GOP tax bill? It depends on who you ask. Some business, advocacy and trade groups have major concerns with it. Others say the tax plan will be boost the economy. The plan isn’t law yet. Another round of votes is due in the coming days.
GOP tax bill: Here's what people are saying

GOP tax bill added a last second provision that could enrich Trump and Republican senators

GOP tax bill added a last second provision that could enrich Trump and Republican senators
John Cornyn, the senate majority whip, was pushed by news-makers on Sunday to explain a last minute addition to the final tax bill which could benefit those with real estate income. Senator Bob Corker supported the bill at the last minute, after the …
GOP tax bill added a last second provision that could enrich Trump and Republican senators

With tax bill complete, GOP leadership makes case to skeptical public

With tax bill complete, GOP leadership makes case to skeptical public
WASHINGTON – Republicans, confident they’ve found the votes to pass a massive tax overhaul, entered the next phase of their effort Sunday, attempting to sell the plan to a public that polling suggests is deeply skeptical. GOP leaders argued that the tax …
With tax bill complete, GOP leadership makes case to skeptical public

The Tax Bill Isn't Armageddon

The Tax Bill Isn't Armageddon
Apocalyptic critics of Republican tax reforms have adopted the old legal adage that “If you have the facts on your side, pound the facts. If you have the law on your side, pound the law. If you have neither on your side, pound the table.” Not to be outdone …
The Tax Bill Isn't Armageddon

Republicans Circulate Final Draft of Tax Plan

Republicans Circulate Final Draft of Tax Plan
GOP leadership on Friday published the long-awaited details of a bicameral tax overhaul that’s now expected to face little resistance during a final round of votes next week. Lawmakers for days had been meeting to iron out the differences between companion …
Republicans Circulate Final Draft of Tax Plan

U.S. Republicans confident tax bill will become law this week

U.S. Republicans confident tax bill will become law this week
WASHINGTON (Reuters) – Top U.S. Republicans said they expected Congress to pass a tax code overhaul this week, with a Senate vote as early as Tuesday and President Donald Trump aiming to sign the bill by week’s end. John Cornyn, the No. 2 U.S. Senate …
U.S. Republicans confident tax bill will become law this week

GOP Problem: Americans Like Tax Cuts, But Hate Tax Avoiders

GOP Problem: Americans Like Tax Cuts, But Hate Tax Avoiders
Outraged by GOP tax legislation, Democrats have consoled themselves by contemplating its appalling numbers. By rushing the bill to enactment, Republicans seem poised to seal their fate in the 2018 midterm elections. Of course, Republicans might be headed …
GOP Problem: Americans Like Tax Cuts, But Hate Tax Avoiders

GOP leaders finalize biggest tax overhaul in 3 decades as key senators give support

GOP leaders finalize biggest tax overhaul in 3 decades as key senators give support
Republicans finalized their sweeping tax package Friday, expanding the child tax credit to placate a reluctant GOP senator as they pushed to muscle the bill through Congress next week and give President Donald Trump his first major legislative victory.
GOP leaders finalize biggest tax overhaul in 3 decades as key senators give support

How the GOP tax plan will impact the economy

How the GOP tax plan will impact the economy
Former Bush Council of Economic Advisers chair Glenn Hubbard and New York Times columnist and ABC News contributor Paul Krugman debate how the sweeping GOP tax plan will impact the economy on “This Week.”
How the GOP tax plan will impact the economy

Donald Trump tax cuts near as Dow Jones eyes 25,000

Donald Trump tax cuts near as Dow Jones eyes 25,000
US President Donald Trump’s Republicans have settled on the most sweeping overhaul to business and personal taxes since 1986, including slashing the corporate rate to 21 per cent, and are poised to legislate the historic package this week. The tax package …
Donald Trump tax cuts near as Dow Jones eyes 25,000

RAMPELL: Tax plan feast for accountants

RAMPELL: Tax plan feast for accountants
The GOP tax plan’s top beneficiaries aren’t actually rich people, or even corporations, though both groups will indeed benefit mightily. The biggest winners are the nation’s tax planners, thanks to the tax-sheltering bonanza this bill is about to …
RAMPELL: Tax plan feast for accountants

Republicans unveil final version of tax bill

Republicans unveil final version of tax bill
Like the bills that came before it, the legislation produced by the House-Senate conference committee would result in massive changes to the tax system, cutting rates for many individuals and businesses while placing new limitations on tax breaks.
Republicans unveil final version of tax bill

How Mainers can benefit: Tax experts identify keys in overhaul legislation

How Mainers can benefit: Tax experts identify keys in overhaul legislation
Tax accountants and financial planners in Maine have been scrambling for days to keep up with the constant trickle of proposed changes to the federal income tax code and figure out what those changes could mean for their clients. While various provisions …
How Mainers can benefit: Tax experts identify keys in overhaul legislation

The Trump tax cuts would save me $2,100

The Trump tax cuts would save me ,100
Woohoo! Under the final tax bill President Trump is poised to sign within days, my annual tax payment would drop by about $2,100, compared with what I paid in 2016. But I’m not planning to spend the windfall. Instead, I’ll probably save it and try to …
The Trump tax cuts would save me ,100

How Much Income Tax Will I Pay If I Make $100,000?

How Much Income Tax Will I Pay If I Make 0,000?
December is coming to a close, and now’s the time that many people are doing year-end tax planning for 2017. To make the right moves, you need to know what your general tax situation is likely to look like when you get around to preparing and filing your …
How Much Income Tax Will I Pay If I Make 0,000?

Corker, after backing reconciled tax bill, claims he wasn't aware of new provision: report

Corker, after backing reconciled tax bill, claims he wasn't aware of new provision: report
U.S. Sen. Bob Corker claimed in recent interview that he wasn’t aware of a last-minute provision in the reconciled Republican tax bill that could potentially benefit him financially. In speaking to International Business Times, the Tennessee Republican …
Corker, after backing reconciled tax bill, claims he wasn't aware of new provision: report

HCM City talks tax with businesses

HCM City talks tax with businesses
HCM City authorities discussed the current shortcomings of tax and customs regulations in Vietnam at a dialogue with enterprises on December 15. As many as 400 representatives from 320 enterprises participated in the dialogue organised by the HCM City …
HCM City talks tax with businesses

Sky Views: It's time for a land value tax

Sky Views: It's time for a land value tax
Congratulations to Philip Hammond in rescuing millions of first time homebuyers from the hated impost of stamp duty. True, as the Office for Budget Responsibility quickly noted, the Chancellor’s decision to abolish the tax for first-time buyers purchasing …
Sky Views: It's time for a land value tax

For GOP, tax bill’s most visible win may be averting failure

For GOP, tax bill’s most visible win may be averting failure
WASHINGTON — Despite the sheer size and society-spanning impact of the $1.5 trillion tax overhaul, the quickest and most potent political victory that Republicans would savor by pushing the bill through Congress next week may be what it averts: another …
For GOP, tax bill’s most visible win may be averting failure

Stocks close at all-time highs as odds of tax bill passing increase

Stocks close at all-time highs as odds of tax bill passing increase
The Dow Jones industrial average jumped 139 points, while the S&P 500 and Nasdaq composite gained 0.9 percent and 1.2 percent, respectively. The plan will likely cut the corporate tax rate to 21 percent from 35 percent. Lawmakers are expected to vote on …
Stocks close at all-time highs as odds of tax bill passing increase

Donald Trump tax cuts near as Dow eyes 25,000

Donald Trump tax cuts near as Dow eyes 25,000
US President Donald Trump’s Republicans have settled on the most sweeping overhaul to business and personal taxes since 1986, including slashing the corporate rate to 21 per cent, and are poised to legislate the historic package this week. The US stock …
Donald Trump tax cuts near as Dow eyes 25,000

Cost of Republicans' tax cuts likely to be greater than they appear on paper

Cost of Republicans' tax cuts likely to be greater than they appear on paper
With a final tax overhaul bill in hand, congressional Republicans say they have enough votes to pass legislation next week and deliver a major victory for themselves and President Trump by Christmas. But at what cost? On paper, the tax package hammered out …
Cost of Republicans' tax cuts likely to be greater than they appear on paper

Payroll compliance high on the agenda for East African tax authorities

Payroll compliance high on the agenda for East African tax authorities
The Pay As You Earn (PAYE) tax year-end is looming in most East African territories, and governments are clamping down on non-compliance among businesses and individual taxpayers as they strive to raise more funding for public spending. That means …
Payroll compliance high on the agenda for East African tax authorities

Qualified Business Income Is Key Provision To Tax Cuts And Jobs Act

Qualified Business Income Is Key Provision To Tax Cuts And Jobs Act
Well I’m through the Joint Committee version of the Tax Cuts and Jobs Act. And I know you were all worried about this, so rest easy. The bill is good for me. Very good. I applied the provisions to my 2016 return and it reduces my income tax by over four …
Qualified Business Income Is Key Provision To Tax Cuts And Jobs Act

Jingle all the way to the tax-cut finish line

Jingle all the way to the tax-cut finish line
by Washington Examiner | Dec 15, 2017, 12:01 AM Share on Twitter Share on Facebook Email this article Share on LinkedIn Print this article Republicans have done well to get this far with tax reform. Now, they must take the last few steps to the finish line.
Jingle all the way to the tax-cut finish line

The Winners and Losers in the Tax Bill

The Winners and Losers in the Tax Bill
President Trump has called the $1.5 trillion tax cut that Republican lawmakers are on the verge of passing a Christmas present for the entire nation. But the fine print reveals that some will get a much nicer gift than others, the benefits will change over …
The Winners and Losers in the Tax Bill

President Trump: Economy Will 'Start to Rock' After Tax Plan

President Trump: Economy Will 'Start to Rock' After Tax Plan
(WASHINGTON) — Closing in on the first major legislative achievement of his term, President Donald Trump on Saturday defended the Republican tax cut as a good deal for the middle class while boldly suggesting it could lead to explosive economic growth.
President Trump: Economy Will 'Start to Rock' After Tax Plan

The Tax Bill Is Finalized: Who's Happy, And Who's Not?

The Tax Bill Is Finalized: Who's Happy, And Who's Not?
Neither snow nor rain nor crippling deficits nor a monumental upset in Alabama stays these Republicans from the swift completion of passing a tax bill that few understand and even fewer seem to want. That’s right; undeterred by nonpartisan proof from the …
The Tax Bill Is Finalized: Who's Happy, And Who's Not?

Factbox: What's in the final U.S. Republican tax bill

Factbox: What's in the final U.S. Republican tax bill
(Reuters) – Republicans in the Senate and House of Representatives are expected to vote within days on sweeping legislation that would overhaul the U.S. tax system for the first time in more than 30 years. President Donald Trump wants to sign tax …
Factbox: What's in the final U.S. Republican tax bill

Tax Trap Snares Young IRA Heirs

Tax Trap Snares Young IRA Heirs
Leaving a traditional IRA to a young grandchild sounds like the perfect idea. The young heir would have to take taxable distributions, but really, how high could the tax rate be for, say, a toddler or preteen? Not so fast. A quirk in the tax code can …
Tax Trap Snares Young IRA Heirs

US Republicans unveil final 'once-in-a-generation' tax overhaul

US Republicans unveil final 'once-in-a-generation' tax overhaul
Congressional Republicans on Friday (Saturday AEST) unveiled the final version of their dramatic US tax overhaul – debt-financed cuts for businesses, the wealthy and some middle-class Americans – and picked up crucial support from two wavering …
US Republicans unveil final 'once-in-a-generation' tax overhaul

How the Mortgage Deduction Is Changing Under the New Tax Bill

How the Mortgage Deduction Is Changing Under the New Tax Bill
The tax bill approved by the conference committee allows taxpayers with existing mortgages to continue to deduct interest on a total of $1 million of mortgage debt for a first and second home. For new buyers, the $1 million limit drops to $750,000.
How the Mortgage Deduction Is Changing Under the New Tax Bill

What GOP Tax Plan Means for Your Favorite Deductions

What GOP Tax Plan Means for Your Favorite Deductions
The agreement Republicans reached on almost $1.5 trillion of tax cuts will lower tax rates for every income group. But tax reductions won’t be universal, in part because negotiators took away some tax breaks and limited others. Here’s a look at some of …
What GOP Tax Plan Means for Your Favorite Deductions

Tax plan expected to pass Senate, with help from a few holdouts

Tax plan expected to pass Senate, with help from a few holdouts
The GOP-led Congress’s sweeping tax reform plan appears to have enough support for Senate passage — with the apparent backing of several Republican senators whose nonsupport for the effort to repeal and replace Obamacare doomed the effort this summer.
Tax plan expected to pass Senate, with help from a few holdouts

US tax bill imposes steep levy on overseas earnings

US tax bill imposes steep levy on overseas earnings
Republicans will impose a steeper-than-expected levy on the trillions of dollars of earnings held by US companies overseas as Donald Trump’s party raises money to pay for the biggest tax overhaul in a generation. Senate and House leaders unveiled the …
US tax bill imposes steep levy on overseas earnings

Tax Reform And The Desirability Of Interest Barriers

Tax Reform And The Desirability Of Interest Barriers
Here are two things we know about tax reform, and one thing we don’t. First, a conference bill was released last night. Second, it contains one or more significant limits on the ability of business taxpayers to claim deductions for interest expense.
Tax Reform And The Desirability Of Interest Barriers

Electric-car tax credit retained in Congressional tax reform bill

Electric-car tax credit retained in Congressional tax reform bill
Republicans are expected to vote on this bill as soon as Tuesday. New uncertainty over the legislation’s support from Republican senators comes at a time when party leaders are also concerned about the health of two GOP lawmakers-Sens. “The rate are one …
Electric-car tax credit retained in Congressional tax reform bill

GOP tax bill expands medical expense deduction for two years

GOP tax bill expands medical expense deduction for two years
After 2018, the threshold for writing off medical expenses would return to the current 10 percent of adjusted gross income. Older Americans already have been using the 7.5 percent threshold, although it was scheduled to rise to 10 percent this year and now …
GOP tax bill expands medical expense deduction for two years

In New GOP Tax Plan, College Students and Borrowers Escape the Worst

In New GOP Tax Plan, College Students and Borrowers Escape the Worst
Brianna Soukup/Portland Press Herald—Getty Images By Kaitlin Mulhere December 15, 2017 Colleges, students, and higher education groups can breath a small sigh of relief: In putting together the joint GOP tax plan, Republican House and Senate lawmakers …
In New GOP Tax Plan, College Students and Borrowers Escape the Worst

What the proposed tax code means for schools, students and parents

What the proposed tax code means for schools, students and parents
Republicans backed away from some of the most controversial education proposals in their finalized tax bill Friday, leaving in place a school supply deduction for teachers and breaks for student borrowers while also declining to tax tuition benefits, a …
What the proposed tax code means for schools, students and parents

Newt Gingrich: Republican tax cuts are hit with fake news attacks

Newt Gingrich: Republican tax cuts are hit with fake news attacks
Every Democratic attack, no matter how false or distorted, has been given extensive news coverage. Liberal columnists and analysts have laboriously written and opined on television against the tax bill. If a provision cuts taxes for millions of Americans …
Newt Gingrich: Republican tax cuts are hit with fake news attacks

GOP tax plan gains enough support to pass

GOP tax plan gains enough support to pass
WASHINGTON – Congressional Republicans secured enough support Friday to pass their massive tax plan, a measure that would deliver a major legislative victory to President Donald Trump and his GOP allies and make tax changes affecting nearly every …
GOP tax plan gains enough support to pass

GOP unveils final $1.5T tax reform bill '31 years in the making'

GOP unveils final .5T tax reform bill '31 years in the making'
Congressional Republicans unveiled the most sweeping overhaul of the nation’s tax code in three decades Friday evening with an eye toward final passage next week after two key GOP senators endorsed the legislation. “This is happening. Tax reform under …
GOP unveils final .5T tax reform bill '31 years in the making'

Republicans release their final tax bill — here's what's in it

Republicans release their final tax bill — here's what's in it
Republicans on Friday released the final text of the compromise version of their massive tax bill. The compromise bill, crafted by GOP members of the congressional tax committees, features a few changes from the House and Senate versions. Republicans …
Republicans release their final tax bill — here's what's in it

Marco Rubio got a last-minute tax deal — but the poorest Americans got left out

Marco Rubio got a last-minute tax deal — but the poorest Americans got left out
The last hitch for the Republican tax overhaul has been the child tax credit. Sen. Marco Rubio (R-FL) threatened to withhold his vote over it, which could — could — have been a problem for passing the bill, given the narrow GOP majority in the Senate.
Marco Rubio got a last-minute tax deal — but the poorest Americans got left out

Republican tax bill threatens poorest Americans, says UN envoy

Republican tax bill threatens poorest Americans, says UN envoy
Social welfare protections for the poorest Americans risk being “blown apart” by the Republican tax reform bill that is on track to become law, a UN expert said on Friday. “The US Congress is trying desperately to pass a tax bill that, if adopted, would …
Republican tax bill threatens poorest Americans, says UN envoy

Republicans Have Their Tax Plan: What’s In it And What’s Not

Republicans Have Their Tax Plan: What’s In it And What’s Not
Yes, it includes repealing Obamacare individual mandate. The drama is almost over as the Republicans have unveiled their tax bill. They are also closer to victory since Sen. Bob Corker (TN) and Sen. Marco Rubio (R-FL) have decided to back the bill, leaving …
Republicans Have Their Tax Plan: What’s In it And What’s Not

Huge tax bill heads for passage as GOP senators fall in line

Huge tax bill heads for passage as GOP senators fall in line
WASHINGTON (AP) — After weeks of quarrels, qualms and then eleventh-hour horse-trading, Republicans revealed the details of their huge national tax rewrite late Friday — along with announcements of support that all but guarantee approval to give …
Huge tax bill heads for passage as GOP senators fall in line

Final Tax Bill Targets the Free Food at Your Office

Final Tax Bill Targets the Free Food at Your Office
The final tax bill goes after that “free food” that many companies provide their workers. The Republican agreement would prevent companies from fully deducting the cost of food and beverages they provide to workers at, say, a corporate snack bar.
Final Tax Bill Targets the Free Food at Your Office

What The GOP Tax Bill Means For Libertarians

What The GOP Tax Bill Means For Libertarians
With Republican tax reform almost a sure thing, the nation is poised to experience the most sweeping and significant changes to the tax code since the late 1980s. But are those changes—including lower corporate and individual rates, reductions in some …
What The GOP Tax Bill Means For Libertarians

Wall St set for higher open as tax bill concerns wane

Wall St set for higher open as tax bill concerns wane
Wall Street was set to open higher on Friday, recovering from a bout of uncertainty surrounding the passage of the Republicans’ much-awaited tax overhaul bill. The S&P 500 fell the most in a month on Thursday after Republican Senators Marco Rubio and …
Wall St set for higher open as tax bill concerns wane

US tax bill: Republicans agree sweeping changes

US tax bill: Republicans agree sweeping changes
US Republicans from both houses of Congress have revealed their joint bill for the biggest overhaul of the country’s tax system in 30 years. The plan brings the US corporate tax rate down to 21% from the current 35%. The top individual income tax drops to …
US tax bill: Republicans agree sweeping changes

GOP tax plan builds momentum as Rubio, Corker announce support ahead of next week's vote

GOP tax plan builds momentum as Rubio, Corker announce support ahead of next week's vote
Key holdouts on the GOP tax bill fell in line Friday, boosting momentum for passage as Republicans released the final version of their tax overhaul ahead of next week’s expected vote. Leaders won over Sen. Bob Corker (R-Tenn.), who had been the Senate …
GOP tax plan builds momentum as Rubio, Corker announce support ahead of next week's vote

Final tax bill released, vote scheduled for next week

Final tax bill released, vote scheduled for next week
Allahpundit reported on the last-minute Rubio drama surrounding the tax bill earlier today. Now Republicans have settled on a final version of the bill which they believe will bring everyone on board for a vote next week. The House is expected to vote on …
Final tax bill released, vote scheduled for next week

It's Beginning To Look A Lot Like Tax Reform: Here's What's In The Final Version

It's Beginning To Look A Lot Like Tax Reform: Here's What's In The Final Version
We appear to have a deal on taxes. Senate Republicans passed their version of a tax reform bill about two weeks ago. Since the House had already passed a version, the two needed to be reconciled. That happened this week in conference. Here’s a look at …
It's Beginning To Look A Lot Like Tax Reform: Here's What's In The Final Version

Marco Rubio May Not Vote for the GOP Tax Bill. That Could Hurt Its Chances of Passing

Marco Rubio May Not Vote for the GOP Tax Bill. That Could Hurt Its Chances of Passing
(WASHINGTON) — Republican Marco Rubio’s potential defection over a tax credit for low-income parents put a speed bump into GOP leaders’ drive to push their big tax package through the Senate, but it’s a complication that’s likely to be resolved.
Marco Rubio May Not Vote for the GOP Tax Bill. That Could Hurt Its Chances of Passing

Grad tuition waiver tax dead, student loan interest deduction saved in final GOP bill

Grad tuition waiver tax dead, student loan interest deduction saved in final GOP bill
Senate and House Republican leaders have agreed to abandon many of the controversial proposals that higher education leaders and students had rallied to thwart, according to congressional aides. Under the agreement, tuition waivers received by graduate …
Grad tuition waiver tax dead, student loan interest deduction saved in final GOP bill

Tax package could bring on a strong year-end Santa rally in stocks

Tax package could bring on a strong year-end Santa rally in stocks
Markets are hyperfocused on congressional votes in the coming week that would make sweeping changes to U.S. corporate and individual tax law. The bill, which is expected to pass, would chop the corporate tax rate to 21 percent from 35 percent and give many …
Tax package could bring on a strong year-end Santa rally in stocks

With Rubio, Corker on board, Republicans finalize Trump’s sweeping tax overhaul

With Rubio, Corker on board, Republicans finalize Trump’s sweeping tax overhaul
WASHINGTON—Republicans solidified support for their major overhaul of the nation’s tax laws Friday, securing endorsements from wavering senators as they pushed to muscle their bill through Congress next week and give U.S. President Donald Trump his …
With Rubio, Corker on board, Republicans finalize Trump’s sweeping tax overhaul

Republicans on the verge of tax victory as Corker, Rubio fall in line with GOP

Republicans on the verge of tax victory as Corker, Rubio fall in line with GOP
Sen. Bob Corker, R-Tenn, announced Friday that he will vote yes on the GOP tax reform bill. Corker was the only Republican to vote against the Senate’s initial version of the bill. With Corker’s backing, the tax reform bill has crossed what many viewed as …
Republicans on the verge of tax victory as Corker, Rubio fall in line with GOP

Find your new tax brackets under the final GOP tax plan

Find your new tax brackets under the final GOP tax plan
The final version of the GOP tax plan is here, and this is what your new bracket will be. Republican legislators haggled over the Tax Cuts and Jobs Act up to the last minute on Friday, garnering support that very day from holdouts Senators Bob Corker, R-Tenn.
Find your new tax brackets under the final GOP tax plan

Republicans just released their final tax bill — here's how your tax bracket could change in 2018

Republicans just released their final tax bill — here's how your tax bracket could change in 2018
Income tax brackets will change in 2018 if President Donald Trump enacts the GOP tax legislation. The Republican tax plan proposes keeping seven tax brackets, but it changes the income ranges. The final bill proposes eliminating the personal exemption and …
Republicans just released their final tax bill — here's how your tax bracket could change in 2018

Rubio, Corker back tax bill as Trump predicts 'monumental' reform will pass next week

Rubio, Corker back tax bill as Trump predicts 'monumental' reform will pass next week
President Trump on Friday predicted Congress would pass a sweeping bill to reform the country’s tax system next week, as several Republican holdouts said they would back the overhaul. Tennessee Sen. Bob Corker, the only Republican to vote against the …
Rubio, Corker back tax bill as Trump predicts 'monumental' reform will pass next week

Final Republican Tax Bill Slashes Corporate Rate

Final Republican Tax Bill Slashes Corporate Rate
Congressional Republicans’ final tax legislation proposes cutting taxes as expected for businesses, the wealthy and some middle-class Americans, according to a summary seen by Reuters on Friday, with decisive votes expected next week in a critical moment …
Final Republican Tax Bill Slashes Corporate Rate

With Rubio, Corker onboard, GOP finalizes huge tax package

With Rubio, Corker onboard, GOP finalizes huge tax package
WASHINGTON — Republicans solidified support for their major overhaul of the nation’s tax laws Friday, securing endorsements from wavering senators as they pushed to muscle their bill through Congress next week and give President Donald Trump his first …
With Rubio, Corker onboard, GOP finalizes huge tax package

Corker and Rubio reverse course, and the GOP tax bill now looks like a slam dunk to pass

Corker and Rubio reverse course, and the GOP tax bill now looks like a slam dunk to pass
Sen. Marco Rubio said on Friday that he would vote for the GOP tax bill, reversing course from a day earlier. Sen. Bob Corker, the only Republican to vote against the Senate’s version of the bill, also said on Friday that he would support the final …
Corker and Rubio reverse course, and the GOP tax bill now looks like a slam dunk to pass

UBS: Expect swift market rally if tax bill passes and Target, Raytheon to lead

UBS: Expect swift market rally if tax bill passes and Target, Raytheon to lead
Only 35-to-45 percent of the tax plan is priced into the market, UBS’ Keith Parker says “Past instances in which a tax cut was passed highlight the potential for further gains once the bill gets signed,” according to the strategist. Stocks have surged in …
UBS: Expect swift market rally if tax bill passes and Target, Raytheon to lead

Republicans finish tax bill, gain support from Rubio, Corker

Republicans finish tax bill, gain support from Rubio, Corker
WASHINGTON (Reuters) – Republican negotiators in the U.S. Congress put the finishing touches on a sweeping tax overhaul on Friday and picked up support from two more wavering senators as they raced toward votes on final approval next week. Republican …
Republicans finish tax bill, gain support from Rubio, Corker

Trump’s tax plan: Why many middle-class Republicans support it

Trump’s tax plan: Why many middle-class Republicans support it
December 15, 2017 —Republican leaders promised tax reform would streamline things so much that 9 out of 10 Americans could file their taxes on a postcard. It’s not that simple for David Fraser. He has four children, four rental houses, a small business …
Trump’s tax plan: Why many middle-class Republicans support it

Report: Child tax credit boosted in GOP tax bill to try to win Rubio’s vote

Report: Child tax credit boosted in GOP tax bill to try to win Rubio’s vote
They’re giving him an extra 10 bucks on the credit, a handful of magic beans, and a solemn promise from Trump not to call him “Little Marco” for at least the next three months. Rubio votes yes. Put it in the books. I shouldn’t make fun of him here …
Report: Child tax credit boosted in GOP tax bill to try to win Rubio’s vote

Marco Rubio will support GOP tax bill after child tax credit tweaks

Marco Rubio will support GOP tax bill after child tax credit tweaks
Marco Rubio will support the Republican tax plan after a change to the child tax credit. GOP leaders are expanding the child tax credit, Rep. Kristi Noem says. Rubio threatened to oppose the bill unless the GOP expanded the credit for working families.
Marco Rubio will support GOP tax bill after child tax credit tweaks

Republicans are sprinting to pass their final tax bill — here's where it currently stands

Republicans are sprinting to pass their final tax bill — here's where it currently stands
Republicans plan to finalize and release a joint House and Senate tax plan on Friday. Concerns from multiple GOP senators and health problems faced by others have added uncertainty ahead of an expected vote next week. Republicans are rushing to pass their …
Republicans are sprinting to pass their final tax bill — here's where it currently stands

Republicans are about to release their final tax bill — here's what to expect

Republicans are about to release their final tax bill — here's what to expect
Republicans are set on Friday to release the final text of the compromise version of their massive tax reform bill. The compromise bill, crafted by GOP members of the House and Senate tax committees, will feature a few changes from the previous versions.
Republicans are about to release their final tax bill — here's what to expect

Marco Rubio will support GOP tax bill after child tax credit tweaks, sources say

Marco Rubio will support GOP tax bill after child tax credit tweaks, sources say
Marco Rubio will support the Republican tax plan after a change to the child tax credit. GOP leaders are expanding the child tax credit, Rep. Kristi Noem says. Rubio threatened to oppose the bill unless the GOP expanded the credit for working families.
Marco Rubio will support GOP tax bill after child tax credit tweaks, sources say

Colleges trash GOP tax bill, say it would hurt financial aid

Colleges trash GOP tax bill, say it would hurt financial aid
As the GOP tax bills passed by the House and Senate coalesce into one, destined for President Trump’s desk, the highest echelon of the academic community is prepared for a broadside on their endowments. Though it is still unclear what the final terms …
Colleges trash GOP tax bill, say it would hurt financial aid

What The GOP Tax Cut Will Mean For Older Adults

What The GOP Tax Cut Will Mean For Older Adults
Congress is nearing passage of a $1.5 trillion tax cut that would mostly benefit businesses and high-income households. For older adults, the effects are complicated. Some will receive large tax cuts. Some will be no better off and a few will be worse off.
What The GOP Tax Cut Will Mean For Older Adults

Easy tax calculator for freelancers that tend to wing it

Easy tax calculator for freelancers that tend to wing it
(FINANCE NEWS) This tax calculator gives you an idea of what you should be holding back so tax day isn’t such a big surprise this time. The freelance checks are rolling and your income is adding up fast. Score! Not so fast. Your freelance checks are not …
Easy tax calculator for freelancers that tend to wing it

The Federal Reserve doesn't think the GOP tax cuts will pay for themselves

The Federal Reserve doesn't think the GOP tax cuts will pay for themselves
Fed officials raised their projections for GDP growth in 2018, but indicated the burst won’t last. Some economists, including Goldman Sachs’ Jan Hatzius, contend the Fed is underestimating growth and will be forced into hiking interest rates four times …
The Federal Reserve doesn't think the GOP tax cuts will pay for themselves

What Are Tax Credits, and Which Ones Can You Take?

What Are Tax Credits, and Which Ones Can You Take?
Saving money on taxes is everyone’s goal, from minimum-wage workers to multi-millionaires. The Internal Revenue Code is accommodating to some extent, offering a multitude of tax breaks to help you keep a little more of your income in your own pocket each …
What Are Tax Credits, and Which Ones Can You Take?

How will the tax bill impact health care? 5 experts weigh in

How will the tax bill impact health care? 5 experts weigh in
As House and Senate negotiators put the finishing touches on their tax plan, one thing is clear: the legislation will likely have a big impact on health care. The tax bill could repeal the individual mandate — a centerpiece of the Affordable Care Act …
How will the tax bill impact health care? 5 experts weigh in

Tax Bill Could Hand DeVos First Major School Choice Victory

Tax Bill Could Hand DeVos First Major School Choice Victory
The GOP tax plan could hand the Trump administration and Secretary of Education Betsy DeVos their first major school choice victory. As it stands, the brokered deal between House and Senate Republicans, which is slated for a final vote sometime next week …
Tax Bill Could Hand DeVos First Major School Choice Victory

Johnson Amendment Repeal Removed from Final GOP Tax Bill

Johnson Amendment Repeal Removed from Final GOP Tax Bill
Christianity Today Direct (Daily)Get the most recent headlines and stories from Christianity Today delivered to your inbox daily. Today in Christian History (Daily)A daily newsletter featuring the most important and significant events on each day in …
Johnson Amendment Repeal Removed from Final GOP Tax Bill

Analysis: Tax Cuts and Jobs Act Pays For Itself With Economic Growth

Analysis: Tax Cuts and Jobs Act Pays For Itself With Economic Growth
The Tax Cuts and Jobs Act proposed by both the House and the Senate will pay for itself by generating higher economic growth, according to an analysis from the Tax Foundation. The Joint Committee on Taxation released a report showing the House tax reform …
Analysis: Tax Cuts and Jobs Act Pays For Itself With Economic Growth

Rubio threat on child tax credit puts bump in GOP tax path

Rubio threat on child tax credit puts bump in GOP tax path
Republican Marco Rubio’s potential defection over a tax credit for low-income parents put a speed bump into GOP leaders’ drive to push their big tax package through the Senate, but it’s a complication that’s likely to be resolved. The Florida senator …
Rubio threat on child tax credit puts bump in GOP tax path

Tax Cuts And Jobs Act Might Mean More Woman Partners

Tax Cuts And Jobs Act Might Mean More Woman Partners
As I write this passage of the Tax Cuts And Jobs Act seems to be looming. The piece of the puzzle that most intrigues me is the the treatment of flow-through entities. The Tax Reform Act of 1986 made flow-through entities – entities where owners report …
Tax Cuts And Jobs Act Might Mean More Woman Partners

Tax Overhaul Would End Company Breaks for Executive Pay

Tax Overhaul Would End Company Breaks for Executive Pay
A decades-old corporate tax break for performance-based pay of top executives faces elimination under the current tax bill, as Republican lawmakers say it has failed to rein in compensation or encourage responsible management. Current law caps the amount …
Tax Overhaul Would End Company Breaks for Executive Pay

Stock markets slip on Donald Trump corporate tax reform jitters

Stock markets slip on Donald Trump corporate tax reform jitters
Stocks pull back on Donald Trump corporate tax reforms jitters; investors worried about the reforms passing through the senate Republican senator Marco Rubio has indicated that he will not vote for the reforms unless changes are made to child tax credits …
Stock markets slip on Donald Trump corporate tax reform jitters

Who will reap the wealth of the GOP corporate tax cut?

Who will reap the wealth of the GOP corporate tax cut?
The corporate tax rate is set to drop 14 percent under the new tax bill. Will big businesses invest more in American plants and factories? What will it mean for American workers? Economics correspondent Paul Solman breaks down the numbers. But now, back to …
Who will reap the wealth of the GOP corporate tax cut?

Two Key Republicans Could Derail Their Party's Tax Bill, Just A Day Before Its Big Reveal

Two Key Republicans Could Derail Their Party's Tax Bill, Just A Day Before Its Big Reveal
Republican Sens. Marco Rubio and Mike Lee are either opposed or “undecided” on their party’s tax bill as they seek changes to one specific policy just a day before the final version is set to be unveiled, ahead of anticipated votes in the House and Senate …
Two Key Republicans Could Derail Their Party's Tax Bill, Just A Day Before Its Big Reveal

Why Cutting the US Corporate Tax Rate Is Good Foreign Policy

Why Cutting the US Corporate Tax Rate Is Good Foreign Policy
When Ronald Reagan slashed tax rates in America in the 1980s, the obvious direct effect was more prosperity in America. But the under-appreciated indirect effect of Reaganomics was that it helped generate more prosperity elsewhere in the world. Not because …
Why Cutting the US Corporate Tax Rate Is Good Foreign Policy

Dow snaps 5-day winning streak as worries about tax bill linger

Dow snaps 5-day winning streak as worries about tax bill linger
The Dow Jones industrial average fell 76.77 points after reaching an all-time intraday high earlier in the session. The index also snapped a five-day winning streak. Republican Sen. Mike Lee was undecided on whether to support the tax bill, while Sen.
Dow snaps 5-day winning streak as worries about tax bill linger