Guest blogger Eric Hutchinson (http://erichutchinsonfinancial.com) is a certified financial planner with more than 30 years of experience in the areas of financial planning, investments, estate and tax planning. Hutchinson has professional...Show More Summary
Donald Trump's tax plan and budget don't add up, as if that were a surprise. Let's look at some wishful budgeting!
“Paul Ryan and the White House are barreling toward a tax reform show-down — a faceoff that’s becoming all but inevitable as the speaker continues selling a tax plan rejected by Trump officials,” Politico reports. “At issue is a controversial [...]
By Kylie MacLellan and Kate Holton LONDON (Reuters) - British Prime Minister Theresa May made a public climbdown on Monday over plans to force elderly people to pay more for their social care, after her governing Conservative Party's opinion poll lead halved in the run-up to a national election.
Though it's been temporarily eclipsed, President Trump's plan to overhaul the U.S. tax system and its potential effect on the housing market remains hotly debated.
Hey, guess what. Donald Trump's proposed tax plan, such as it is, is just the usual tax giveaway to ultra-rich bastards who already have all the money and don't need more money but whatever, maybe they'll all buy Moon Yachts or something and we'll get a privatized space program out of it. Show More Summary
By Lindsay Dunsmuir WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin told lawmakers on Thursday that he has some doubts that what are known as alternate scoring models will give enough credit to the potential for economic growth when assessing the impact of the Trump administration's tax plan. Show More Summary
Republicans are pushing forward with their tax reform agenda. Many traders feel like a deer caught in headlights. They are anxious to make smart moves for 2017 tax planning based on current law and are uncertain if tax reform changes will enhance or undermine their maneuvers.
The New Jersey Republican candidates competing to succeed Gov. Chris Christie attacked each other over how best to lower the state's highest-in-the-nation property taxes during their second and final debate … Click to Continue »
U.S. Treasury Secretary Steven Mnuchin told lawmakers on Thursday that he has some doubts alternate scoring models will attribute enough economic growth when assessing the impact of the Trump administration’s tax plan. “What I have said repeatedly is that any plan we put forward we...
Both Republican tax plans may have serious impacts on residents in high-income states with places like California, Massachusetts, and New York impacted the most. “It’s not just that they’re going after itemized deductions in both the Trump plan and the Republican...
Brandon DeBot at the CBPP: Trump Tax Plan Would Give 400 Highest-Income Americans More Than $15 Million a Year in Tax Cuts: President Trump’s tax plan contains specific, costly tax cuts for the wealthy and profitable corporations but only vague...
Washington - Senate Majority Leader Mitch McConnell said that any tax overhaul can’t add to the growing US budget deficit, a position that places him at odds with President Donald Trump, who has called for a significant tax cut. McConnell...Show More Summary
The tax plan that Donald Trump's economic advisers unveiled last month was a bit of a mystery. After days of hype, the administration produced a single, generously spaced page of bullet points with about as much detail as your average grocery list. Show More Summary
Kansas offers a cautionary tale for what President Donald Trump’s tax plan could do to the federal budget. Duane Goosen, the former Kansas secretary of administration, said Trump’s plan gave him the shivers because of its “unbelievable” similarities to policies that ruined...
First, the disclaimer. The proposed tax plan has so few details that it’s tough to discuss its impact with any degree of accuracy. I accept that caution, but so should all the people who are flag waving supporters of this plan. Last time, I wrote how a couple’s taxes might be affected, now let’s look […]
President Trump says he "may align" his plans for tax reform and infrastructure after the White House released a tax plan last month that didn't include funding for transportation projects.
President Trump's tax plan doesn't have a lot of details yet, but Treasury Secretary Steven Mnuchin gave us one big clue: a proposed 15% business tax rate, a big drop from the current 35%. But ask some Kansans and you'll learn how that...Show More Summary
"The gross cost is $7.5 trillion and that perhaps the government could earn back $2 trillion through loophole closing and base broadening. My argument is, after ruling out charitable contributions, home mortgages and a Congress that says they won't touch a health care exclusion... Show More Summary
A wide range of economists see little chance for proposed tax cuts to increase economic growth over the next few years.