The House version of the tax bill is currently in markup in the House Ways and Means Committee. Senate Majority Leader Mitch McConnell said the Senate could release its version on Friday. And even as we’re getting into the nitty-gritty on this thing – pulling apart provisions one as the time and examining them, the […]
The Republican tax plan would change alimony from something that is treated favorably for the people who have to pay it to something that is more of a tax burden. That’s because alimony payments would no longer be deductible from income on the payer’s tax return. The change could make divorce settlements more difficult to […]
Congressional staffers, lobbyists, think tanks, and many others are getting ready for a weekend of digging through the 400-plus page GOP tax bill. They will be sorting out where to pick their fights come Monday, when the bill heads to the House Ways and Means Committee for markup. Already weighing in are small businesses, many […]
The GOP tax bill is under a microscope as tax analysts, lobbyists and accountants try to figure out what the proposed changes will mean. One of the details that may lead to a fight is how the plan treats so-called “pass-through” businesses, privately held companies that make up 95 percent of U.S. businesses, whose profits […]
After months of big promise and bullet-pointed lists, the GOP is out with a tax bill today. It is a long way from final. Democrats, business groups and others are already pushing back hard against elements of the plan. Among the changes the GOP is touting loudest and seems most committed to is a plan […]
