Republican hopes for an ambitious tax overhaul rest on the House and Senate wings of the party ultimately reaching consensus on what that looks like. So far at least, signs aren’t promising.
Here’s what you should know about the so-called “border adjustment tax.”
The Republican Tax Sham Watch your wallets. Republicans are pushing a new corporate tax plan that will end up costing most of you a bundle. Here’s what you should know about the so-called “border adjustment tax." The U.S. imports about $2.7 trillion worth of goods a year. Show More Summary
Bloomberg, Analyst Warns That Bulls Are Bound to be Disappointed by Trump's Tax Plan Bloomberg, Republicans May Find Few Answers on Who Pays for Border Tax Bloomberg, Three Charts That Show Markets Aren't Betting on GOP Border Tax Bloomberg, Trump Tax Cuts Could Boost Profit $12 Billion at Big U.S....
Democrats in the New Mexico House of Representatives are rallying around a package of tax and revenue measures designed to shore up state finances and stave off spending cuts to … Click to Continue »
While less exciting than yesterday, when Trump again praised his stupendous, "imminent" tax plan while meeting with retail CEOs complaining about border adjustment, before telling Netanyahu he is ok with either a one or "two-state" solution, all eyes will again remain focused on DC, and - of course - the biggest wildcard, Donald Trump. Show More Summary
Ryan tries to save tax plan: Speaker Paul Ryan (R-Wis.) met with Republican senators Tuesday afternoon to quell growing opposition to a core element of the House GOP tax plan, a 20 percent across-the-board tax on imports, also known as border adjustment. Show More Summary
President Donald Trump met Wednesday with the CEOs of large retailers like Target and Best Buy, who have a built-in concern: They're worried about a possible border tax on imported … Click to Continue »
The Trump tax plan for individuals could be released by the end of February 2017. The post Trump Tax Plan for Individuals: A Complete Breakdown was originally published at The Wall Street Examiner. Follow the money!
Trump did it again: one week after he promised to unveil "phenomenal" tax cuts, moments ago in his meeting with retail CEOs, who are meeting with the president to get him to kill the border adjustment tax idea, he pulled another OPEC,...Show More Summary
Separate from Trump's controversial border tax plan specifically targeting Mexico is another Republican proposal that would scrap a tax deduction on goods imported from across the globe.
This is very simple. The idea that tax cuts "pay for themselves" is a false idea. But it is persistent — having been firmly planted in the political discourse by supply-side economists decades ago, and becoming all the rage during the Reagan administration. Show More Summary
A warning to investors sending stocks to record highs: President Donald Trump’s “phenomenal tax plan" probably won’t be so great. That’s according to Chris Krueger, an... To view the full story, click the title link.
DJIA futures were pushing higher as investors reignited the "Trump Trade" and placed increased optimism in the president's planned economic policies. The post DJIA Futures Push Higher on Trump’s “Phenomenal” Tax Plan was originally published at The Wall Street Examiner. Follow the money!
The mooted GOP tax plan has drawn some positive attention from trade reformers because it's the first tax plan in decades to make serious moves designed to reduce America's trade deficit. Unfortunately, unless I'm totally missing something,...Show More Summary
Donald Trump has promised to deliver in a few weeks a tax plan that would "lower the overall tax burden on American businesses big league." The effusive description notwithstanding, some corporate tax reform would be welcome. It's long been accepted that the U.S. Show More Summary
Bloomberg, Still Seeking Growth From Tax Cuts and Union Busting Bloomberg, Tax-Overhaul Timing Uncertain as House Members Hit Early Hurdles Bloomberg, Trump Promises ‘Phenomenal’ Tax Plan as Ryan’s Ideas Draw Fire Bloomberg, Trump Tax Plan Seen More Wash Than Windfall for S&P 500 Earnings White House, White House: Cohn-Led Tax...
Former Goldman Sachs president Gary Cohn “is leading the effort to craft President Trump’s plan to overhaul taxes that will be released within weeks,” Bloomberg reports. Trump himself said it was a “phenomenal” plan and would be revealed within the [...]
Investors buoyed by President Trump's promise to deliver "phenomenal" tax plan, hopes for stronger corporate profits