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Frontrunning: December 15

Some GOP Senators Press for Late Changes in Tax Bill (WSJ) Here’s Where the GOP Tax Plan Stands Right Now (BBG) Harvard Endowment Chief Pushed for Steeper Devaluation of Assets (WSJ) Net neutrality repeal gives Democrats fresh way to...Show More Summary

If churches want to preach about politics, fine — but they should pay taxes

To the editor: The article fails to mention an incredibly important fact with regard to churches and their right to preach politics from the pulpit. (“Religious leaders question why Republican tax plan would allow churches to endorse candidates,” Dec. 12) Christian preachers are not prohibited...

With Rubio balking, future of Republican tax plan is in doubt

It was widely assumed that the GOP tax plan was poised to pass Congress easily. All of a sudden, thanks in part to Marco Rubio, those assumptions are in doubt.

Watch this Republican economist squirm as he’s forced to admit the truth about the GOP tax bill

9 hours agoNews : The Raw Story

In the halls of Congress on Wednesday, 84 activists from progressive groups were arrested for seeking meetings with their representatives to protest the GOP tax plan. Among those present was Alex Lawson, executive director of Social Security Works, which seeks to protect and expand the earned...

Markets Right Now: Tax plan trouble sends US stocks lower

10 hours agoNews : The Newsroom

The latest on developments in financial markets (All times local):

Sanders: Tax bill is simply a 'gift' to 1%

13 hours agoNews : The Cutline

Senator Bernie Sanders speaks on the tax plan that the Republicans are expected to pass soon. He feels that the process to pass the bill has been a 'disaster'.

Sen. Marco Rubio becomes latest obstacle to GOP tax bill, complicating next week's vote

Sen. Marco Rubio on Thursday became the latest holdout on the Republican tax plan, depriving leaders of crucial backing as they struggle to build support for the bill before next week’s expected vote. The Florida Republican, who warned leaders he would vote no unless changes were made to the current...

How taxpayers can prepare for the new GOP tax plan

14 hours agoNews : The Cutline

With the new tax year just a few weeks away, personal finance experts say the time to act is now, before the new rules take effect.

Rubio to vote against GOP tax bill unless tax credit for working poor is expanded

Sen. Marco Rubio informed Senate leaders Thursday he intends to vote against Republicans' $1.5 trillion tax plan unless it includes a larger expansion of a child tax credit. "... given all the other changes made in the tax code leading...Show More Summary

Let the games begin: Tax plan opens new opportunities for taxpayers and state legislators to save key deductions

You may never have considered your state government or local school district to be a charity needing your donation, but you might want to start thinking that way if the Republicans follow through on their plans to demolish the traditional federal deduction for state and local taxes. Or you might...

How major US stock indexes fared on Thursday

U.S. stocks gave up an early gain to finish lower Thursday as the Republican tax plan hit another snag. Indexes turned lower on news that some Republican senators' support for … Click to Continue »

Tax Plan Trouble Sends Stocks Lower

Stocks gave up an early gain and finished lower Thursday as the Republican tax plan hit another snag, the AP reports. Indexes turned lower after Sen. Marco Rubio said he would vote against the bill unless the child tax credit was expanded. Small-company stocks, which stand to benefit the most...

Markets Right Now: Tax plan trouble sends US stocks lower

The latest on developments in financial markets (All times local): 4 p.m. Stocks gave up an early gain and finished lower as the Republican tax plan hit another snag. Indexes … Click to Continue »

Protesters flood the Senate, calling for a delay in voting on the GOP tax plan until new Alabama Senator Doug Jones is seated

18 hours agoHumor / odd : Boing Boing

When Massachusetts GOP Senator Scott Brown was elected in a 2010 special election, Senate Democrats agreed to delay a key vote on health care reform until he could be seated, so that the vote would be held by elected officials, not the appointed lame duck who was sitting in the seat that Brown was about to occupy. (more…)

Rubio Threatens to Vote Against Tax Bill

Sen. Marco Rubio (R-FL) informed Senate leaders he intends to vote against the Republicans’ $1.5 trillion tax plan unless it includes a larger expansion of a child tax credit, according to a Senate GOP sourc

Destination unknown, Rubi, Rubi, Rubi, Rubio

Maybe there’s still a real chance to kill this thing: Sen. Marco Rubio (R-Fla.) has informed Senate leaders he intends to vote against the Republicans’ $1.5 trillion tax plan unless it includes a larger expansion of a child tax credit, according to a Senate GOP source.

Republicans made a tiny change to the tax plan that will give a huge boost to the ultra-wealthy

Republican are getting closer to passing their massive tax reform plan. They recently changed the top individual tax bracket to 37%, down from the current 39.6%, and lower than the 38.5% proposed by the Senate. This small change will...Show More Summary

Will US companies put overseas cash to work? Don't bet on it

The Republican tax plan seems about to hand a bow-tied holiday gift to some of America's richest multinational companies, from Apple and Microsoft to Google's parent Alphabet: Tens of billions in tax breaks on profits they've parked overseas.

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