You’ve probably read plenty about what’s in the tax bill that House and Senate Republicans agreed to last week: A big cut in corporate taxes. Generous tax cuts for the wealthy, including a reduction of the top individual tax rate. More modest cuts for anyone who makes less than $200,000 or so....
A major tax cut promised by US President Donald Trump was on track for final passage next week, after two previous holdouts in his Republican party said Friday they would vote yes on the legislation. Republicans in both houses of the...Show More Summary
President Trump promised delivery of an early Christmas present to America’s middle class.
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 Friday carries a price tag of a net $1.5...
The Tax Cuts and Jobs Act will temporarily reduce alternative minimum tax liability, but retain the complexity inherent to the tax.
Bloomberg: GOP Charges to Tax-Cut Finish Line. Republicans rallied around their plan to couple a sweeping, permanent tax cut for U.S. corporations with temporary benefits for individuals as they completed a six-week sprint to fashion a rewrite of the U.S. Show More Summary
President Trump has called the tax cuts a Christmas present for the entire nation, but the fine print reveals some will get nicer gifts than others.
Trump said the tax cut helps the the middle class and will grow the economy
Republicans have just released their long-awaited tax overhaul bill. After getting Marco Rubio and Bob Corker on board, the deal is pretty much set and Trump will get to sign
On AM Joy, Joy Reid and Lawrence O'Donnell discussed how the supposedly deficit-hating Republicans have suddenly learned to love them. "They were looking for something like this, where can we squeeze in a tiny giveaway that goes to another...Show More Summary
While we published both the full text(1,097 pages) and the "explanatory" statement (only 570 pages) released by the House-Senate conference committee on the final Republican Tax Bill, also known as the Tax Cuts and Jobs Act (TCJA), we...Show More Summary
The Latest on the tax plan in Congress (all times local): 1 p.m. President Donald Trump is defending the Republicans' tax cut plan, pushing back against criticism that it will … Click to Continue »
Rubio is of course a yes in exchange for a minor concession, Principal Mitch took away Corker’s hall pass in exchange for nothing, and we’re stuck with an atrocious tax bill: Overall, the Tax Cuts and Jobs Act represents the largest one-time reduction in the corporate tax rate in U.S. history, from 35 percent down […]
Republican Senator Marco Rubio demands changes to the tax bill. Ezra Klein explains why it would be "suicidal" for the GOP not to accept Rubio's demands. David Leonhardt says odds are "slim" that Rubio actually votes "no."
Prudent gradualists should be more afraid of a bad tax bill than of no tax bill.
First, they pass tax cuts and run up the deficit. Then, they use the deficit to ‘prove’ spending is out of control, and start slashing entitlement programs.
As the Rolling Stones taught us, you can’t always get what you want, but Congressional Republicans seem to have found a way to get what they need, reaching an agreement on the Tax Cuts and Jobs Act Friday. The bill is now ready to for a vote and heads to the House and Senate floor next week. Show More Summary
A poll finds that Americans don’t expect their own taxes to decline next year and doubt that the Republican plan will raise wages or economic growth.
On Friday, House and Senate conferees signed off on a conference report resolving the differences between the versions of the Tax Cuts and Jobs Act that passed each chamber. Votes are expected in the House and Senate early next week. The 503-page conference report hews more closely to the language of the Senate than the […]