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Will House Republicans’ “Border Adjustable” Tax Plan Cause a Trade War? (Spoiler: Maybe Not!)

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

The most disappointing aspect of Trump's tax plan is what it's lacking

20 hours agoLifestyle / Fashion : AOL: Style

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

Tax Policy In The Trump Administration

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...

Memo to Steven Mnuchin: Trump's Tax Plan Would Add $7 Trillion to The Debt Over 10 Years

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 [...]

Trump torpedoes Ryan's tax plan: It's 'too complicated'

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

Trump's tax plan isn't even law and already it's taken a toll on city's affordable housing projects

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.

Trump takes on House GOP tax, health care plans

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

Trump: Part of GOP tax plan 'too complicated'

6 days agoNews : The Newsroom

The president-elect says he has issues with the border adjustment element of the House Republican plan.

Trump's tax plan could affect your retirement

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

Trump Criticizes GOP Tax Plan, Says It's 'Too Complicated'

President-elect Donald Trump criticized a key component of House Republicans’ tax-reform plan. In an interview with The Wall Street Journal...

Capital Journal Daybreak: Trump Transition, Obama’s Legacy, More

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 […]

Frontrunning: January 17

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

Trump Warns House GOP on Tax Plan

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. [...]

Fed Officials Warn of Longterm Risks of Early Trump Economic Boost

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.

With Some Tweaks, the Democrats Can Love the House Tax Plan

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.

Indiana GOP Gas Tax Plan Draws Fire after a Decade of Tax Breaks for “Wealthy Hoosiers”

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

Paul Ryan meets with Trump team to discuss tax plans

2 weeks agoNews : The Raw Story

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...

From the comments, on the new Republican tax plan

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

Republican Tax Plan Threatens Retailers With Multibillion-Dollar Earnings Hit

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 [...]

Larry Summers on the new Republican tax plan

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

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