Donald Trump. (Gage Skidmore / (CC BY-SA 2.0)) Donald Trump took credit for persuading the air conditioner manufacturer Carrier Corp. to keep more than 1,000 jobs in the U.S. But he effectively gave the company a tax cut for sending...Show More Summary
Click here for reuse options! Among other things, he doesn't think tobacco is a drug. Donald Trump’s latest cabinet pick endangers the health and well-being of millions of Americans. From tax cuts to surgeons’ income, Rep. Tom PriceShow More Summary
Don’t wait until 2017 for likely Trump tax cuts to lower your taxes; act before year-end for quicker tax breaks. In this blog post, learn how to defer income, deal with wash sale losses, make a valuable Section 475 election, maximize trader tax status, accelerate itemized deductions, reduce under-estimated tax penalties, and make smart moves […]
``As President-elect Donald Trump's economic team takes shape, led by Treasury Secretary nominee Steven Mnuchin, investors are misguided in betting that promised tax cuts, infrastructure spending and deregulation will spur faster growth, according to an e-mail Thursday from Gross, the billionaire bond fund manager. Show More Summary
Under Obama, the economy in the United States has plummeted into a recession that has shown no signs of abating. But now that we have a new president taking office
Bloomberg (Megan McArdle), Trump Tax Cuts: A Bad Idea With a Bright Future Bloomberg (Sahil Kapur), Trump Wants ‘No Absolute Tax Cut’ for Upper Class: Mnuchin Bloomberg (Lynnley Browning), Trump’s Tax Cut Means Billion-Dollar Writedowns for U.S. Banks Bloomberg (Simone Foxman), Wealthy Seen Snaring a $21 Billion Gift With Trump...
The top earning 400 paid an average effective federal income tax rate of 23.13% in 2014, up from 16.72% in 2012, before the Bush tax cuts finally expired.
Donald Trump's planned U.S. corporate tax cuts could translate to a big one-time earnings hit for many of the biggest U.S. banks, thanks to tax benefits they generated during the 2008 financial crisis... The banks might have to write...Show More Summary
The Urban-Brookings Tax Policy Center produced some estimates of the tax revenues supposedly lost by the most recent (September) Trump tax plan, which raised the top tax rate from 25% to 33%. These estimates are being widely misunderstood...Show More Summary
Donald Trump hasn't even taken office yet, and he's already blatantly turning his back on the key promises he made to the right wing mob, over and over at his rallies all year. Today we're learning that his so-called "deal" with United...Show More Summary
The Trump tax cuts probably won't help the lower of middle classes, but maybe we'll enjoy the new airports Trump wants to renovate?
Incoming Treasury Secretary Steven Mnuchin promised a big tax cut for corporations and the “middle class,” but not for the rich. “Any tax cuts for the upper class will be offset by less deductions that pay for it,” he said on CNBC. This is impossible. The post The Deduction Fairy was originally published at The Wall Street Examiner. Follow the money!
CHANGE? Trump’s Treasury Choice Says ‘No Absolute Tax Cut’ for the Wealthy. High-income households won’t receive an “absolute tax cut” under a Trump tax plan, the president-elect’s new pick for Treasury secretary said on Wednesday, a promise that is at odds with tax proposals from Donald Trump and House Republicans. Steven Mnuchin said that “Any […]
Corporate tax reform has been a key policy initiative of Trump's as he has called for slashing the corporate tax rate from 35% down to 15%. While this is welcome news for most companies, it would result in some fairly staggering writedowns...Show More Summary
Steven Mnuchin, the financier who has been tapped to run Treasury, joins other wealthy investors chosen by Mr. Trump, a sign of possible tax cuts and deregulation ahead.
The men chosen to lead the Treasury and Commerce Departments vow to cut taxes, increase growth and hold the line on deficits, testing the limits of economic math.
There is no more unifying issue for the Republican elites than support for massive tax cuts for the rich. Three weeks after the election of Donald Trump, it might be their only defining issue. Among voters, however, support for this policy is incredibly unpopular. Show More Summary
Trump's Treasury secretary nominee predicts tax cuts for the middle class and U.S. businesses.
Last month, the Tax Policy Center found that Trump’s plan would give the top 0.1 percent an average tax break of 14 percent.
Mnuchin said he would follow through on various Trump promises, including reforming the tax code and rolling back the Dodd-Frank bill.