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Leading U.S. House Republican rejects tax cuts without reform

1 hour agoNews : The Lookout

The top Republican on tax policy in the House of Representatives rejected the possibility of cutting taxes without fundamental changes to the U.S. tax code on Thursday, as the main actors in the tax reform debate prepared to meet for a fourth time. Show More Summary

Nonfiction: What a World Tour of Tax Codes Can Teach the U.S. About How to Reform Its Own

In “A Fine Mess,” T. R. Reid cites examples from Estonia to New Zealand of how tax redesigns can drive economic success.

Sen Paul Uses 3rd Grade Math to Explain How Tax Cuts Work, Donny Deutsch Still Doesn't Understand

On Friday’s Morning Joe, MSNBC panelist Donny Deutsch pushed the typical liberal “tax cuts for the rich” narrative as he slammed the Republican health care reform bill: "The other side of the aisle will call this as a redistribution of wealth. Show More Summary

The Dubious Counting at the Center of the G.O.P.’s Health-Care Reform

John Cassidy analyzes Mitch McConnell and the Republicans’ new health-care bill, which would cut Medicaid to deliver tax cuts to wealthy households.

Grading Modi

There have been a number of articles recently reviewing economic reform under India’s Prime Minister Narendra Modi. The best is this excellent report from the Economist: FEW countries would see a tax requiring some businesses to file over 1,000 returns a year as an improvement. Show More Summary

Failures to Adjust for Inflation

If Congress pursues tax reform this year, it should consider allowing inflation adjustments for the items discussed below. Each year, the IRS publishes inflation adjustments that modify the tax law as originally enacted. We regularly post about the inflation adjustments in the international tax arena. Show More Summary

White House plans more secret negotiations for their next legislative endeavor: Tax reform

If it’s really consequential and it's going to effect one-sixth of the economy (i.e. health care) or 100 percent of taxpayers (i.e. tax reform), you can bet Republicans are going to do it behind closed doors. Sure enough, the AP writes: The...Show More Summary

Spending Cuts Are the Best Way to Pay for Tax Reform

Yesterday, Speaker Ryan promised that tax reform would happen before the end of 2017. My two cents is that it won’t until Ryan finally agrees to drop the border-adjustment tax that has fractured our movement, the business community, and the Republican caucus. Show More Summary

Despite Ryan’s Call For “Transformational Tax Reform,” Core Issues Remain Unresolved

Today, House Speaker Paul Ryan (R-WI) used a highly-promoted speech to call for a major tax bill in 2017. His message: “Transformational tax reform can...

Twitter Trolled Marco Rubio For Awkward Hug With Ivanka Trump

2 days agoHumor / odd : The Sideshow

Ivanka Trump met Republican lawmakers on the Capitol Hill to discuss "pro-family" tax reform. The meeting was spearheaded by Sen. Marco Rubio.

Why Trump’s Proposed Tax Policy Could Benefit The U.S. Semiconductor Industry

Corporate tax reform was one of the major agendas of President Trump’s election campaign. The proposed changes include a significant cut in the current corporate tax rate of 35% and lowering the repatriation taxes on U.S. companies' overseas cash to a special one-time rate of 10%.

Ryan’s tax hype falls flat

House Speaker Paul D. Ryan (R-Wis.), perhaps to calm nervous donors and anti-tax activists worried that tax reform is on the back burner, gave a widely hyped speech on Tuesday on the GOP’s tax plans. It was filled with platitudes. “Ladies and gentlemen, we are going to fix this nation’s tax code once and for […]

Paul Ryan's 'pep talk' on taxes was missing a key ingredient

Nancy Pelosi chided Paul Ryan, saying she applauds "his ability to give so many speeches on tax reform without ever sharing details of an actual plan."

Trump gloats after Democrats lose Georgia special election

2 days agoNews : NY Daily News

President Trump on Wednesday urged Democrats to admit broad defeat and work with him on issues like healthcare and tax reform.

IRS Crackdown on Foreign Accounts and the Future of the Tax Amnesty Programs

By Ephraim Moss, Esq. & Joshua Ashman, CPA With the recent heavy focus on Congress and the Trump’s administration’s tax reform proposals, it can be easy to forget that the IRS continues to proactively crackdown on offshore tax evasion. Show More Summary

Business Tax Reform First

Why is America paying so much to comply with federal taxes?

Paul Ryan hopes his big tax speech will be the magic unicorn that secures tax reform

Paul Ryan is planning to deliver a big speech on tax reform to the National Association of Manufacturers that he hopes will "rekindle" the GOP’s tax effort, writes Politico. As long as he’s at it, he might want to light some candles,...Show More Summary

Paul Ryan Fights the Bush Legacy on Taxes

The House speaker is pushing President Trump to embrace permanent reform rather than a quick jolt like the temporary cuts that George W. Bush signed in 2001.

Despite Ryan’s Call For “Transformational Tax Reform,” Core Issues Remain Unresolved

House Speaker Paul Ryan calls for a major tax bill this year, but provides few new details. He and the White House will have to address seven major issues before they can pass a bill.

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