President Trump's promised tax code overhaul would hurt single parents in New York, hand major tax breaks to millionaires, and cost trillions of dollars in lost federal revenue over the next decade, according to a new report from city Comptroller Scott Stringer. [ more › ]
The Latest on Gov. John Bel Edwards' tax rewrite proposals (all times local): 4:50 p.m. Business leaders are expressing concern about Gov. John Bel Edwards' tax proposal and the increased … Click to Continue »
Gov. John Bel Edwards is pushing significant changes that would shift more of the state tax burden to businesses, lessen sales taxes and raise hundreds of millions for next year's … Click to Continue »
Kansas legislators are considering a new proposal for raising personal income taxes as they wrestle with the state's serious budget problems. The House Taxation Committee expected to vote Wednesday on … Click to Continue »
Boyish scamp and retrograde class warrior Paul Ryan is turning his attention to “tax reform,” a term of art for the process of moving our nation’s wealth into the bank accounts of the very rich. Here is one statistic that tells the entire story. Read more...
It was barely a month ago that the popular vote losing orange buffoon tweeted: x Stock market hits new high with longest winning streak in decades. Great level of confidence and optimism - even before tax plan rollout! — Donald J. Trump...Show More Summary
WASHINGTON (Reuters) - U.S. Representative Mark Meadows, chairman of the conservative House Freedom Caucus, said on Sunday there is a possibility that his group could support a tax reform plan that is not revenue neutral. "Does it have...Show More Summary
House Ways and Means Chairman Kevin Brady (R-Texas) is confident that tax reform will happen this year. And here's a note for your tax planning purposes. Brady sees any changes made in coming months to the Internal Revenue Code as being retroactively effective from Jan. Show More Summary
Some U.S. businesses have been slow to get on board with a Republican tax plan to boost American-made products.
Steven Mnuchin says after the battle over health care, the administration will turn quickly to tax reform.
AHCA was more than an Obamacare repealer. It also included provisions on taxes, Planned Parenthood, and Medicaid that GOP will still need to pursue.
Treasury Secretary Steven Mnuchin says after the battle over health care, the administration will turn quickly to tax reform with the goal of getting a program approved by Congress by … Click to Continue »
``Expected tax cuts were a major reason for the market's 10% post-election "Trump reflation" trade. But as we reported over a week ago, Trump can't get his tax plan through until Congress addresses health care... Defeat for health care tomorrow could delay Trump's tax cuts well into fiscal year 2018 -- or later. Hence yesterday's sell-off. ''
Tax planning might be a little more difficult for small businesses and the government cracks down on loopholes The post Seven business tax changes in the federal budget appeared first on Macleans.ca.
As we noted first thing this morning, and as we, and others, have been warning since December, the passage of Trump's tax plan is conditional on the effective repeal (and/or replace) of Obamacare, which is set for a vote on Thursday....Show More Summary
Senate lawmakers have narrowly decided to repeal the state's taxation on groceries in order in a fight over what sort of tax relief will be provided to Idahoans at the … Click to Continue »
Big Bird himself is in danger, along with local arts communities across the country.
Senate Republicans have rolled out a two-year tax plan they say would save the public $1 billion by cutting or eliminating taxes for nearly everyone. Senate leader Phil Berger and … Click to Continue »
Britain's Treasury chief has told lawmakers in his Conservative Party that the government will not go ahead with plans for higher taxes on self-employed workers after the proposal touched off … Click to Continue »
Tax policy nerds will enjoy this detailed and thoughtful discussion of the proposed Brady-Ryan tax reforms by University of Chicago law professor David Weisbach.