|Filed Under:||Business & Finance|
|Posts on Regator:||432|
|Posts / Week:||1.3|
|Archived Since:||February 28, 2011|
In a joint statement today, top Trump aides and Hill GOP leaders killed the border adjustment tax but offer few other details on their big tax plan.
Cutting taxes in a health bill now will make it easier for Hill Republicans to cut more taxes later. Here's why.
Hours after the collapse of the Senate GOP’s health plan, Republicans began to move on, with the House Budget Committee releasing a draft budget resolution. The goal: To make that fiscal plan the vehicle for a major tax measure that could pass Congress with no Democratic votes.
Senate Majority Leader Mitch McConnell's latest health bill keeps two Affordable Care Act taxes on high-income people. That makes the tax pieces of his plan less regressive than the original version.
A tax plan consistent with the outline presented by the Trump Administration in April could add as much as $7.8 trillion to the debt over the next decade, mostly benefit the highest income households.
The Senate GOP leadership's health plan would benefit high-income households, hurt those with low-income, according to a new analysis by the Tax Policy Center and the Urban Institute's Health Policy Center.
A new analysis buy the Tax Policy Center finds that the House Republican leadership's tax plan would slow economic growth and add trillions to the deficit.
Congressional Republicans are aiming to cut about $1 trillion in spending from Medicaid, subsidies for private insurers, and other programs that benefit low- and moderate-income people. Why not target their accompanying tax cuts to those households instead of the rich?
The House health bill and the Senate leadership plan include mostly identical tax cuts. So why does the Senate bill cut taxes by $300 billion less?
The Senate leadership's health bill would cut taxes by $700 billion, with most benefits going to the highest-income households.
The Senate GOP leadership has disclosed its secret health reform plan. The tax provisions look a lot like the House version: Big tax cuts that benefit mostly the rich.
House Speaker Paul Ryan calls for a major tax bill this year, but provides few new details. He and the White House will have to address seven major issues before they can pass a bill.
House Ways & Means Chair Kevin Brady has signaled retreat on two issues critical to reform, drastically lowering the already slim odds that the House would come up with any substantive legislation.
Sen. Flake is generating buzz with an attack on alpaca tax shelters and other easily mocked special interest tax breaks, but by federal budget standards, it's loose change in the sofa cushions. It'd be better if Congress focused on these bigger problems with the tax code.
Just as President Trump is ramping up his push for a major tax cut, the Kansas legislature has repealed many the steep tax cuts introduced under Gov. Brownback that were seen as a model for Trump's fiscal agenda.
House Resolution 244, the Omnibus Appropriations Bill that President Trump signed in May keeps the U.S. government open through September 30, 2017. It also provides record funding for low-carbon technologies in some of the world’s poorest nations.
If they want to enact deep tax cuts and keep the fiscal ship afloat, the GOP needs some revenue-raising ideas. The politics of repealing one attractive target, the state and local tax deduction, show why it's rough sledding.
The Trump administration's claims about its 2018 spending proposal only hang together thanks to that hypothetical kitchen device, a big dose of supply side economics, and a black box the size of an aircraft hanger.
President Trump would cut tax rates to 15% on partnerships and other pass-through businesses. Such a proposal could reduce revenue by up to $2 trillion and mostly benefit the highest-income 1% of households.
Like many of the five million tax filers who must pay the Alternative Minimum Tax (AMT), I am trapped. I wrote a big check to the IRS last month, but that’s not what bothers me. I don’t like having to calculate my taxes twice with two sets of complex tax rules.