Stocks have blasted off out of the gate, with the Dow up 100 points and the S&P rising over 0.5%, and the VIX getting clobbered following an early morning report from Politico that "Trump’s top aides and congressional leaders have made...Show More Summary
“I believe it’s going to be far easier for us to do tax reform than it was for, say, health care reform.” — Speaker Paul Ryan (R-WI), in a CNN town hall meeting.
Reform is about fairness, efficiency, and simplicity — and it should be bipartisan.
Healthcare, tax reform and the debt ceiling probably will be among the highest-profile issues when Congress returns from a monthlong recess Sept. 5. But Democratic lawmakers and consumer advocates already have served notice that they’re also going to keep a spotlight on protecting people’s right...
The coming debate over tax reform will likely be a wasted opportunity to fix the tax code for the good of the economy and working-class Americans.
For the umpteenth time, Congress and the Trump Administration are going back to the tax reform drawing board, just as they have had to...
President Trump’s doctrine on trade represents a radical break with previous US policy. This column, the first of two examining the Trump doctrine, argues that he embraces fallacies as facts, and that the efforts to reform tax are flawed and will make tax law more complex. Show More Summary
If Republicans really want to make use of their majorities for tax reform, they might resort to carbon taxes.
I. Last week, The Hill published an article titled, “GOP debates retroactive tax cuts.” The article describes how some Republicans have been calling for a tax package that would reduce taxes on income that Americans have already earned, going back to the beginning of 2017: “We need to make it retroactive so that we unleash […]
A flawed strategy and congressional dysfunction is dooming tax reform, not the president's actions.
Stan Collender: “Tax reform — the kind of wholesale change to the existing system that was enacted in the 1980s and that Donald Trump has repeatedly promised — requires a politically strong and disciplined president. The magnitude of the changes [...]
Investors are counting on Trump aide Gary Cohn to help push through tax reform, Yale management expert Jeffrey Sonnenfeld tells CNBC. The New York Times reported that Cohn is "upset" and "disgusted" with Trump's response to violence in Charlottesville, Virginia. Show More Summary
Republican lawmakers, still licking their wounds from the healthcare wipe out, had been eyeing tax reform as a chance to get back on track—whatever that means. This GOP-led government has been off the rails from the day Trump took to the oath of office. Show More Summary
Broad Equity Market Tone: Advance/Decline Line: Modestly Higher Sector Performance: Mostly Higher Volume: Above Average Market Leading Stocks: Performing In Line Equity Investor Angst: Volatility(VIX) 14.51 -6.7 % Euro/Yen Carry Return...Show More Summary
The Atlantic, The Tax Break Dividing the Republican Party Bloomberg, Cohn Plans to 'Hit the Ground Running' on Tax Reform Bloomberg, Five Questions for Republican Tax Reformers Bloomberg, How Markets Are Reacting to Tax Reform Talks Center on Budget and Policy Priorities, Republican Tax Plans Would Largely Exclude Small Businesses...
New York Times, Some Democrats See Tax Reform as a Path to Taxing Carbon: With a sweeping overhaul of the tax code on the horizon, two Senate Democrats believe this is the moment to broach the third rail of climate change policy: a carbon tax. The plan by the senators,...
U.S. congressional Republican leaders were set to promote their tax reform goals at a special gathering in California on Wednesday, but their plans were overshadowed by growing furor over President Donald Trump’s controversial statements on Virginia protests that turned deadly. Wall Street...
Yevgeniy Feyman and Charles Blahous, co-authors of the recent Mercatus study “Replacing the Cadillac Tax,” make the case for eliminating the tax exemption for employer-provided health insurance. Photo by Ulrich Baumgarten via Getty Images. Editor’s note: Tax reform. Show More Summary