Tax reform

It’s been a busy few days on the tax-and-budget front in Washington, D.C. Late last week, the Senate passed a budget resolution for fiscal year 2018 that allows for $1.5 trillion in tax cuts over the next 10 years. Republican leaders in the House want to vote on it this week. It’s a blueprint for […]

U.S. Rep. Pat Tiberi announced today that he’s leaving Congress in January — midway through his term. The Ohio Republican is a senior member of the tax-writing House Ways and Means Committee. That makes him part of what’s known as the governing wing of the Republican party — the folks with influence who can get […]

The Senate is pushing ahead on a budget vote this week. That framework would move the GOP a step closer to the tax overhaul it has promised. The Senate plan allows for as much as $1.5 trillion in tax cuts over the decade. Those cuts could blow a $2.4 trillion hole in the budget, the […]

The White House released a paper today laying out the argument that a corporate tax cut will give a $4,000 boost to the average household. The studies being used to back up its assertion come from reputable places like the Kansas City Fed and Harvard, although there are plenty of other studies that say otherwise. […]

To sell his tax plan, President Donald Trump is trying to send a message to ordinary Americans: that cutting corporate taxes will benefit them too. During a speech this week in Harrisburg, Pennsylvania, in front of a crowd of truckers, he claimed that by allowing companies to bring back overseas money at a low tax […]

In a tweet today, President Trump today took credit for the run-up in the stock market since the election. Then the president went on to say that “if Congress gives us the massive tax cuts (and reform) I am asking for, those numbers will grow by leaps and bounds.” Is there any evidence that the […]