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Stories Tagged as

Tax cuts

Why is corporate interest a flashpoint for tax cutters?

by Sabri Ben-Achour
Oct 4, 2017
For some companies, the deduction is key to doing business. For others, it's a fat loophole.
Senate Majority Leader Mitch McConnell speaks about tax reform as Speaker of the House Paul Ryan, Sen. Orrin Hatch and other congressional Republicans listen last month in Washington, D.C.
Alex Wong/Getty Images
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2017 is no 1986 when it comes to tax reform

by Sabri Ben-Achour
Sep 27, 2017
The ingredients used 30 years ago to rewrite the code don't exist today, including shared principles.
President Donald Trump speaks about tax reform at the Indiana Farm Bureau today in Indianapolis.
BRENDAN SMIALOWSKI/AFP/Getty Images
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Tax plan math: how middle class and corporate tax cuts square with deficit reduction goals

by Mitchell Hartman
Jul 26, 2017
President Donald Trump wants the top U.S. corporate tax rate cut to 15 percent, as well as tax relief for middle-income Americans, he told the Wall Street Journal. The president also indicated a willingness to increase some taxes on rich Americans. But those cuts risk adding to the deficit over the next ten years. And […]
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Trump tax plan is heavy on cuts but light on details

by Marielle Segarra
Apr 26, 2017
Those cuts have to be paid for, and the president may have trouble getting Republicans on board.
Secretary of the Treasury Steven Mnuchin and National Economic Director Gary Cohn speak about President Trump's new tax reform plan at the White House today.
Mark Wilson/Getty Images
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Rep. Brady on tax reform: 'We're going to get this done this year'

by Kai Ryssdal
Apr 24, 2017
The chairman of the House Ways and Means Committee believes the government won't shut down Friday.
"We bounce back from recessions like no other country does. But not this last time," said Rep. Kevin Brady, chairman of the House Ways and Means Committee.
MIKE THEILER/AFP/Getty Images
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What it might mean if Trump succeeds in cutting the business tax rate

by Mitchell Hartman
Mar 16, 2017
President Donald Trump reminded Fox News’ Tucker Carlson last night that he aims to bring taxes “way down” on businesses, from 35 percent to 15 percent. But a lot of companies don’t pay 35 percent, because they take deductions and exclusions to shave their tax bill. A drop in the overall tax rate could make […]
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When is a health care bill not a health care bill? When it's a tax bill.

by Dan Gorenstein
Mar 14, 2017
The GOP health plan includes $600 billion in tax cuts for the health industry and wealthy Americans.
Speaker of the House Paul Ryan (R-WI) (R) takes his notes after talking to reporters about the American Health Care Act with House Majority Leader Kevin McCarthy (R-CA) outside Ryan's office in the U.S. Capitol March 7, 2017 in Washington, DC.
Chip Somodevilla/Getty Images
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Trump administration hopes to pass tax reform by August

by Adam Allington
Feb 23, 2017
U.S. Treasury Secretary Steven Mnuchin said the administration is hoping to pass major tax reform legislation before Congress leaves for its August recess. President Donald Trump has set ambitious goals of economic growth of 3 percent or higher, rates not seen in over a decade. Mnuchin said the administration will achieve this through a combination […]
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Will Trump finally dump the estate tax?

by Marielle Segarra
Jan 16, 2017
It's been a GOP target for years.
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It could be a very good holiday for U.S. charities

by Nancy Marshall-Genzer
Dec 1, 2016
Charities could see a bump up in donations this month. That’s because wealth advisers are telling their clients to increase their giving now, before likely changes to the tax code next year. On his website, Donald Trump says he’ll cut the top tax rate to 33 percent. And he wants to cap itemized deductions for […]
Wealth advisers say their clients are adjusting their giving plans in light of likely changes to the tax code in 2017. 
Howard Lake/Flickr
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