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Think corporate tax cuts will mean more jobs? Here’s how you’re being conned

Riding a tide of tax cuts and rising profits over four decades, the captains of corporate America have shifted $1 trillion each year from the paychecks of middle class Americans … Click to Continue »

Can the GOP break its addiction to tax cuts for the rich?

Politico reports: Republicans have begun rethinking their plans to slash taxes on the rich, a major change in direction driven by political and budgetary realities. Though both the Trump administration and House Republicans have proposed steep cuts for the wealthy, scaling them back would make the politics easier, because any boon to the rich would […]

Bill Maher Asks Donald Trump's Supporters: 'You Know You’re Being Conned, Right?'

"The only prescription Trump has for unrigging the economy is tax cuts" that "almost exclusively benefit the people who are doing the rigging."

NYT Covers Up For Republicans Planning Big Tax Cut for Rich Backers

After screaming about budget deficits throughout the Obama administration, Republicans in Congress are apparently planning to pass tax cuts that will substantially increase the budget deficit from the baseline projections. The NYT decided...Show More Summary

Senate Republicans Embrace Plan for $1.5 Trillion Tax Cut

15 hours agoNews : NYTimes: News

Senate Republicans, abandoning a key fiscal doctrine, agreed to move ahead on a budget that would add to the federal deficit in order to pave the way for a $1.5 trillion tax cut.

AP Report: GOP tentatively agrees to $1.5 trillion plan on tax cuts

WASHINGTON — Top Republicans on a key Senate panel have reached a tentative agreement on a tax plan that would add about $1.5 trillion to the government’s $20 trillion debt over 10 years, according to congressional officials. Tennessee Sen. Bob … Continue reading ? The post AP Report: GOP tentatively agrees to $1.5 trillion plan on tax cuts appeared first on PBS NewsHour.

Trump appears close to abandoning on some of his biggest tax cut promises

President Donald Trump appears close to backing off a slew of campaign promises on tax reform, reports said Tuesday. Politico's Josh Dawsey and Ben White reported Tuesday that the plan set to be unveiled next week by the "big six" tax...Show More Summary

What the GOP's $1.5 trillion tax cut deal means

18 hours agoLifestyle / Fashion : AOL: Style

President Trump has touted the tax cut currently being shaped by his administration and Congress as the biggest in American history, but just how big it could be is — and will be — the subject of some heated debate. Now we have a number:...Show More Summary

Senate Republicans weigh tax cuts, deficit expansion

19 hours agoNews : The Raw Story

U.S. Senate Republicans have reached a tentative budget deal that could allow U.S. tax revenues to decline by as much as $1.5 trillion over 10 years, but they have not agreed on whether to prevent such losses from expanding the federal budget deficit. The tax cuts are part of closed-door talks...

Jamie Dimon needs to stop gaslighting America

Jamie Dimon says American companies need tax cuts to be competitive. They don't. If they did, they wouldn't have so much cash to blow on executive compensation and financial engineering. Jamie Dimon, the CEO of JPMorgan Chase — the biggest...Show More Summary

White House seriously considers abandoning some tax cuts for the wealthy

The GOP is considering walking back some of its longstanding tax goals in a bid to bring Democrats on board.

GOP panel divided on red ink for tax cuts

WASHINGTON (AP) — A Republican on the Senate Budget Committee says that tax cut advocates on the panel are pressing for cuts that could add $1.5 trillion or more to the deficit over the coming decade. Wisconsin Sen. Ron Johnson saidShow More Summary

Frontrunning: September 19

Markets Brace for Fed’s Big Move: The End of Easy Money (WSJ) Senate GOP Has 12 Days to Repeal Obamacare and No Room for Error (BBG) Senate GOP Considers a Trillion-Dollar-Plus Tax Cut for Budget (WSJ) In first speech at U.N., Trump to single out North Korea, Iran (Reuters) Trump to Push Nationalist Policy in First U.N. Show More Summary

Republicans Considering $1.5 Trillion Tax Cut

Senate Republicans are considering writing a budget that would allow for up to $1.5 trillion in tax cuts over the next decade, the Wall Street Journal reports. Axios: “Writing a budget is the first step in working on tax legislation [...]

Trump's chance to reshape the Federal Reserve could be his biggest economic legacy

President Trump is betting he can turbocharge the U.S. economy with tax cuts and trade deals, but his greatest leverage to influence growth may rest with an unparalleled opportunity to reshape the world’s most powerful central bank. Because of a wave of vacancies, Trump will have the ability in...

GOP eyes popular tax breaks to finance overhaul

Republicans straining to find about $1 trillion to finance sweeping tax cuts are homing in on two popular deductions that are woven into the nation's fiscal fabric. One is the … Click to Continue »

Tax Cuts Now!

On Friday, a bus emblazoned with the mantra “Tax Cuts Now” parked itself in front of the main Internal Revenue Service (IRS) building in downtown Washington, DC and out piled small business owners who had been traveling the country,Show More Summary

The Trump trade is coming back from the dead as investors anticipate a tax cut plan

Just when investors thought they were out, President Donald Trump is pulling them back in. Months after the so-called "Trump trade" fizzled, traders are once again being enticed by the possibility of a pro-business policy overhaul —Show More Summary

Would you prefer a NJ tax cut of $1.5 billion or a tax increase of $1.3 billion?

Let’s be frank, it’s natural for people to want lower taxes. Such is what gubernatorial Republican candidate Kim Guadagno promises. Democrat Phil Murphy promises the opposite. Nonetheless there are compelling reasons why NJ needs to raise more income tax revenue....Read more

Trump is clinging to a tax cut promise that almost no other Republican thinks will happen

President Donald Trump appears to be on an island when it comes to his desire to fulfill one of his biggest campaign promises. Since 2015, Trump has advocated for the federal corporate tax rate to be slashed from its current rate of 35% to 15%. Show More Summary

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