Many people spend many dollars trying to get out of their tax bills by finding loopholes and workarounds. Well, it’s very likely that states are going to be doing the same thing in a year or two. The intent is to lower the burden on their own residents who can no longer deduct as many […]
House and Senate negotiators agreed on the framework of the GOP tax bill this morning. We know some things about it. The bill will lower the corporate income tax rate to 21 percent. It will let people deduct some state and local taxes. It will lower the top individual income tax rate. President Donald Trump […]
Some Capitol Hill lawmakers say a rushed tax bill is not such a big deal, because a technical corrections bill can happen early next year. But given the uncertain nature of today’s politics, that could be harder or take longer than expected. Click the audio player above to hear the full story.
Advocates for affordable housing worry that the elimination of an incentive program for developers in the House version of the tax bill could result in less low-income housing built in the future.
