Michigan senators are poised to vote to more quickly phase in a tax break for people who trade in their car for a new one. A 2013 law lets buyers … Click to Continue »
A massive transportation funding bill and a last-minute tax cut plan successfully cleared Idaho Statehouse on Tuesday, leaving legislative leaders hopeful they are inching nearer to the end of the … Click to Continue »
Fresh off their humiliating display of incompetent healthcare "reform” (by which they meant a tax cut for rich people), Donald Trump and the Republican Party alike are moving on to their next big agenda item: tax reform. This will also consist of a tax cut for rich people. Show More Summary
The Coalition’s corporate tax cuts are about propping up an unsustainable economic model, writes Ian McAuley. The Turnbull Government has re-affirmed its determination to pursue corporate tax cuts, justifying its proposal in terms of international competitiveness and its “jobs and growth” mantra. These are fallacious and weak arguments, but the government’s real agenda is more [...]Show More Summary
I have a new column (my title was "Some of These Markets are Not Like the Others"): It’s a Ruse: Tax Cuts Can’t be Financed by Reducing Government Waste: The Republicans suffered a humiliating defeat on their proposal to cut...
After Trumpcare failed to reach the House floor, Wall Street loses confidence in the president’s capacity to deliver a large corporate tax cut.
The Post reports: President Trump and House Speaker Paul D. Ryan both want to rewrite the tax code, but their proposals differ on how much tax relief to give the middle class. Trump wants a tax cut across the board, according to the plan he published during the campaign. He has proposed relief for the wealthy especially, […]
Slashing Saudi Aramco’s tax rate may triple its market value to $1.4 trillion. Yet the kingdom can recoup almost all of what it appears be giving away.
Tax reform was never going to be easy. But now, flailing politically in the wake of the health care debacle, GOP fissures are already clouding the party's efforts to overhaul the tax code. The White House likely won't be keen to let Paul Ryan's House steer the effort after Ryan’s dismal legislative debut. Show More Summary
Wall Street fat cats thought sweeping tax cuts were a sure thing. Not anymore.
GOP health plan failure sows doubts about tax overhaul; water becoming increasingly unaffordable; and Dow and DuPont get permission to merge. These headlines and more from CBS MoneyWatch.
Paul R. Pillar Presidency Foreign Policy Politics, United States The abortive attempt to pass Paul Ryan’s bill for tax cuts and partial dismantling of the health care system vividly demonstrated the consequences of trying to govern according...Show More Summary
My CBPP colleagues and I will have much more to say about this in coming weeks, but there’s no rest down here at Dysfunction Junction as we move from health care to taxes. If you go by Monday morning’s papers, there’s a meme developing that tax reform looks just as hard as was health care reform. Show More Summary
New York Times: “Mr. Trump’s inability to make good on his promise to repeal the Affordable Care Act has made the already daunting challenge of tax reform even more difficult. Not only has Mr. Trump’s aura of political invincibility been [...]
Congressional Republicans face a challenge made more difficult by the collapse of their health care bill, and may have to scale back their grand plans.
Stock market wavers amid health overhaul's troubles, but maybe that won't matter. Why? Almost everybody loves lower taxes
If Republicans think tax reform is going to be easier than health care reform, they're kidding themselves.
After the stunning ineptness with which Republicans presented their bill to repeal the Affordable Care Act, a bill doomed less by its promise to strip insurance from 24 million Americans for the sake of another tax cut than by Republican...Show More Summary
`` The passage of the bill was seen by Wall Street as a test as to whether Trump can enact all he has promised, particularly tax cuts and regulatory reform... The S&P 500 tumbled 1.44% over the past five days, its worst weekly loss since the week ended November 4. Show More Summary
"Who knew health care could be this complicated?" President Donald Trump proclaimed just weeks before his long-promised plan to replace his predecessor's signature healthcare law collapsed in a huge political defeat. As the administration...Show More Summary