Perhaps the highest legislative priority for House Republicans in the 115th Session of Congress is an overhaul of the United States’ antiquated and onerous corporate tax code. The details of the GOP plan aren’t out yet—it’s only summarized...Show More Summary
With Donald Trump having officially been sworn in as the 45th president of the United States, the next step in Trump's unlikely journey will be the implementation of certain policies touted during his campaign. While repealing and replacing...Show More Summary
Bloomberg, Here’s How Trump Could Try to Kill Carried-Interest Tax Break Bloomberg, Highly Taxed Companies Need Trump to Deliver to Justify Post-Election Rallies Center on Budget and Policy Priorities, ACA Repeal, Trump Tax Plan, and Ryan’s “Better Way” Tax Plan All Fail Mnuchin Test The Economist, Republican Tax-Reform Plans Face...
At his Senate Finance Committee confirmation hearing today, Steven Mnuchin, President-elect Trump’s choice to head the Treasury Department, seemed somewhat confused about the Tax Policy Center estimates of the total cost of Trump’s campaign tax plan. When asked whether a plan that would add $7 trillion to the debt over [...]
Paul Ryan turned a blind eye to every disqualifying utterance Donald Trump made during the 2016 cycle, instead choosing to tout his own "Better Way" plan as if it absolved him of Trump's sins. His assumption was clearly that if Trump won, congressional Republicans would have a rubber stamp for their policies in the White House. Show More Summary
The Trump administration's plan to cut corporate taxes might be good for multinational businesses but it already is wreaking havoc on affordable housing developers who raise money for their projects... To view the full story, click the title link.
WASHINGTON (AP) — It came as news to most congressional Republicans, but turns out President-elect Donald Trump isn't crazy about their tax plan and has a dramatically different goal for health coverage than they do. The comments went...Show More Summary
The president-elect says he has issues with the border adjustment element of the House Republican plan.
The inauguration is just days away and President-elect Donald Trump will soon assume the role of commander-in-chief. Already, Trump has proposed substantial changes to both foreign and domestic policy, including an update to the federal tax code. Show More Summary
President-elect Donald Trump criticized a key component of House Republicans’ tax-reform plan. In an interview with The Wall Street Journal...
Trump Warns on House GOP Tax Plan Trump Explains Why He Twists Business’s Arms Rep. Lewis Asks Youth to Stand Up to Injustice Democrats’ Fissures Re-Emerge as Party Seeks New Leader TRUMP WARNS ON HOUSE GOP TAX PLAN: President-elect Donald Trump criticized a cornerstone of House Republicans’ corporate-tax plan, which they had pitched as an […]
Theresa May pledges clean Brexit break (FT); May Pledges Vote on Brexit Taking U.K Out Of EU’s Single Market (BBG) Donald Trump Warns on House Republican Tax Plan (WSJ) Trump, Fed Headed for Clash Amid Dollar Surge, Economists Say (BBG) China’s...Show More Summary
President-elect Donald Trump “criticized a cornerstone of House Republicans’ corporate-tax plan, which they had pitched as an alternative to his proposed import tariffs, creating another point of contention between the incoming president and congressional allies,” the Wall Street Journal reports. [...]
The fiscal and tax plans sketched out by the incoming Trump administration could trade a short-term economic boost for longer-run inflation and debt problems.
The House tax reform deserves serious consideration by Democrats as well as Republicans. It contains many progressive features, including an indirect wealth tax, as well as elements that will greatly help the economy. With some tweaks it can be something both Democrats and Republicans can love.
The Herald Bulletin editorial board brands the Republican proposal for higher gas taxes and tolls “unfair” in light of tax policy changes that gave “huge benefits to wealthy Hoosiers over the past decade. The personal income tax rate was cut from 3.4 to 3.23 percent. Show More Summary
U.S. House of Representatives Speaker Paul Ryan met late on Monday with top members of President-elect Donald Trump’s transition team to discuss their 2017 tax reform agenda. The high-level meeting, which took place over Italian food in Ryan’s Capitol Hill office, was described by...
The non-deductibility of imports is simply crazy. It will immediately increase inflation. Take IKEA, for example, they cannot source locally, they will increase prices immediately by 20%, or whatever the tax will be. At all effects, it is a flat tariff of 20% on every import. Show More Summary
Erik Dolan-Del Vecchio One Republican proposal to cut taxes could actually slash the earnings of big U.S. retailers by making it far more expensive to import goods into the country for sale. The border-adjusted tax proposal aims to help keep jobs in the U.S. by making it more expensive for retailers to [...]
He summarizes the plan as follows: The central concept put forward by Mr Ryan, which appears to have the support of Mr Trump, is to turn corporate income tax from a tax on the return to capital into a tax only on extraordinary profits. Show More Summary