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QUESTION ASKED AND ANSWERED: Shot: Why do Californians pay more state and local taxes than Texans…

QUESTION ASKED AND ANSWERED: Shot: Why do Californians pay more state and local taxes than Texans? —The San Jose Mercury, this past Sunday. Chaser: A pair of California lawmakers want to claw back some of steep tax cuts that corporations will receive under the federal tax overhaul signed last month by President Donald Trump. Democratic […]

Lessons in Economics for Bret Stephens: Apple and Donald Trump's Big Tax Cut

We all know about the skills shortage. Many employers can't find workers with the necessary skills. For example, the NYT can't find columnists who understand economics, so they had to hire Bret Stephens instead. Mr. Stephens is angry...Show More Summary

Has Trump Set Up An Economic Boom?

(Steven Hayward) We’ve seen already the news of the growing number of companies citing the corporate tax cut as the trigger to give bonuses, raises, and announcements of significant new domestic capital investment, which is ruining the Democrats’ day. Show More Summary

California Democrats craft bill to capture tax cut windfall

I guess that companies that have passed on their expected tax savings from the Trump tax cut to their employees – you know, people who actually work for them – isn’t good enough for California Democrats, according to SFGate; A proposed Assembly Constitutional Amendment by Assemblymen Kevin McCarty, D-Sacramento, and Phil Ting, D-San Francisco, would […]

Breakingviews: Trump’s Win on Tax Cuts Could End Up a Rare One

Slashing corporate taxes last month was a Republican success. But the wrangling over a shutdown is indicative of the partisan deadlock to come.

Sanmina Plunges 18%: Business Delays, Tax Reform Cut Outlook

Shares of Sanmina-SCI, which builds things for companies for a fee, are down 18% in late trading, after the company warned its quarterly results will miss its expectations because some projects didn't get going in time and because of a hit to deferred assets from the new tax laws.

After scoring huge tax cuts, Charles Koch showers Paul Ryan with cash

yesterdayNews : The Raw Story

In the months leading up to the passage of the Republican Party’s long-awaited tax bill last year, the powerful political operation run by the billionaire Koch brothers was one of the strongest forces pressuring lawmakers to pass massive tax cuts for wealthy individuals and corporations....

So Much For Tax Cut Benefit – Here’s How Fed “Normalization” Wipes It Out

As (some) White House-linked (or favouring) economists lament the Fed's QE (and there are reasons to lament it), one thing is clear: the unprecedented monetary policies of the recent years have achieved two things:The Fed QE has fuelled...Show More Summary

Tax Cut Suspends Many Deductions For Individuals

The Tax Cuts and Jobs Act suspended or trimmed several cherished tax deductions that individuals count on for savings. So, exactly how bad is it and what can you do about it?

Are the Tax Cuts and Increased Wages and Bonuses Connected?

(January 19, 2018 04:04 PM, by David Henderson) They might be. Veronique de Rugy of the Mercatus Center has an excellent piece at Reason on the connection, if any, between the recent cut in the corporate income tax rates and the spate of bonuses, pay increases, and increases... (0 COMMENTS)

BANK OF AMERICA: Tax cuts could lead to record mega-mergers

Bank of America breaks down what could be the most effective use of the additional capital that corporations get from the GOP tax plan. The firm says that mergers and acquisitions is an ideal use, and could hit a record in 2018, while...Show More Summary

Officials suggest cuts in education ahead of tax increase

Vermont Republican Gov. Phil Scott has suggested a mandatory reduction of staff at public schools among other ideas on how to balance next year's projected increase in the property tax … Click to Continue »

UMich Confidence Tumbles - Economic Conditions Hit 14-Month Low

After surging to 14-year highs mid-2017, UMich sentiment survey has slide notably (to the lowest since July). Despite tax cuts and stock market exuberance, current conditions plunged to its lowest since the Nov 2016 election.   Inflation...Show More Summary

Robert Reich: Trump's Tax Cuts Benefit One Group and One Group Only

Shareholders are making out like bandits. The rest of us won't see a dime. The evidence is in: The biggest beneficiaries of the Trump-Republican tax plan are shareholders. Yesterday, Bank of America Brian Moynihan said that “most of the benefits” from the tax cuts “will flow to the bottom-line through dividends and share buybacks over time.” Exactly. Show More Summary

Missouri Governor’s Sex Scandal Strategy: Release a 300-Word Tax Plan

Christian Gooden/Getty On Jan. 10, Missouri Gov. Eric Greitens promised his constituents “a detailed, thoughtful, and thorough plan to cut taxes.” One week and one administration-threatening sex scandal later, Greitens released “the boldest state tax reform in America.” It’s 300 words long. Show More Summary

The Downmarketing Of Tax Shelters

The Tax Cuts and Jobs Act has turned us into a nation of tax shelter hunters.

The real reason Trump went to Pennsylvania

WASHINGTON — The official White House line is that President Donald Trump visited a factory in western Pennsylvania on Thursday to highlight how his signature tax cut is boosting the economy. And the president himself said he went to "give my total support" to the Republican candidate for a March 13 special election. Read more... Permalink | Email this | Linking Blogs | Comments

The GOP Wants to Slash Food Stamps. Here’s Why That’s a Stupid Idea.

President Donald Trump and the GOP-controlled Congress have publicly flaunted their desire to slash food aid for the poor. The deficit-swelling tax cut package they passed in late 2017 will embolden their efforts later this year, when...Show More Summary

Why many companies are giving bonuses — not raises — after the new tax cuts

On Wednesday, yet another company -- this time Apple, which pledged to give $2,500 restricted stock awards for most of its employees, in addition to investing $350 billion in the U.S. economy  -- joined the ranks of employers offering bonuses in the wake of the new U.S. tax law. Companies such as American Airlines,Bank of America andAT&T have also made one-time […]

Trump: ‘The Democrats want a shutdown to get off the subject of the tax cuts

2 days agoNews : The Raw Story

President Donald Trump on Thursday accused Democratic lawmakers of secretly wanting the federal government to shut down because his tax cut law, which hasn’t been implemented, has “worked so well.” While visiting Pennsylvania on Thursday, reporters asked Trump if Republicans would...

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