Using tax reform to lower 401(k) tax deductibility is "politically dumb," says Cato Institute's Chris Edwards.
President Donald Trump tweets there will be no change to a popular retirement savings plan under tax reform.
The GOP tax reform plan has been sold as a cut for the middle class. A new study shows that foreign investors could end up benefitting much more from the tax cuts than America's middle class. The tax plan proposed by President Donald...Show More Summary
Exasperated by President Trump’s contradictory statements about the Alexander-Murray health-care compromise bill, Senate Minority Leader Charles E. Schumer (D-N.Y.) last week exclaimed: The President ought to know what he’s talking about when he tweets about bills, because on this one, he had no understanding of what it’s about. Show More Summary
Where the heck has 2017 gone? The countdown clock over in the ol' blog's right column is steadily ticking away the time left until Dec. 31, the deadline for most moves that could affect this year's taxes. The Internal Revenue Service, however, has its eyes on November, which is just little more than a week away. Show More Summary
The dollar is ticking higher on Monday. The US dollar index was up by 0.3% at 93.99 at 8:51 a.m. ET. The dollar "is enjoying modest gains against most currencies as prospects of both tax reform and additional monetary tightening by the...Show More Summary
Tax reform is only half the equation. The post Trump pushes House to pass budget for tax reform appeared first on Hot Air.
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Republicans are considering keeping the top tax rate for people earning over $1 million a year at 39.6% by creating another tax bracket in their reform plan. This would blunt criticism from Democrats that the GOP tax plan primarily benefits...Show More Summary
EventShares just launched its US Tax Reform Fund (TAXR), which gives investors exposure to companies poised to see the greatest benefit from Trump's tax measures. It's the first exchange-traded fund in history to track a specific policy...Show More Summary
NBC News claimed that President Donald Trump is punting too much on key issues, giving Congress the responsibility to fix or manage the issues, such as tax reform, health care reform and the national budget. In their latest article on Trump’s tactics, entitled “When Trump doesn’t want to decide, he punts to Congress,” the liberal […]
Chris Fitzsimon exposes the unfairness of GOP tax "reform": 20—amount in dollars of the average federal tax cuts in 2027 for households with children earning less than $75,000 under GOP tax framework released in late September. 230,000—amount...Show More Summary
Wisconsin governor explains on 'Fox & Friends.'
TRUMP: PASS THE BUDGET In a phone call with House Republicans, President Trump warned that they’ll be in big trouble in the midterm elections next year if they stand in the way of passing tax reform. http://cvote.it/2hYiL5Y LACK OFShow More Summary
WASHINGTON, D.C. (AP) — House Republicans, with the urging of President Donald Trump, will strive to pass a budget this week so they can turn their attention to tax reform. Trump warned that action on tax reform is crucial to avoiding...Show More Summary
President wants tax package by the end of the year, or he'll be disappointed.
President Trump raised expectations Sunday about Republicans’ timetable for completing tax reform, indicating he expects the as-yet unwritten overhaul of the tax code on his desk by Thanksgiving. "I want to get it by the end of the year, but I’d be very disappointed if it took that long," he said...
A new poll finds most American are opposed to the tax reform plan being proposed by President Donald Trump. According to a new CNN poll, 52 percent of Americans stand in opposition to the plan being proposed by Trump and Republicans,...Show More Summary
WASHINGTON (Reuters) - U.S. President Donald Trump said on Friday he thinks Republicans have the votes needed to pass a big tax cut package. In an interview with Fox Business Network set to air on Sunday, Trump said he had been thinking...Show More Summary
Senate Republican Leader Mitch McConnell said on Sunday he has not abandoned his longtime goal of making sure any tax cuts are revenue neutral, saying the growth estimates in the Republican tax reform plan will offset the cuts. The Trump administration's tax plan promises up to $6 trillion in tax cuts but will increase the federal deficit by $1.5 trillion over the next decade.