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The GOP tax bill would give huge cuts to businesses — and much less for...
The House GOP released their long-awaited tax reform package on Thursday.The Committee for a Responsible Federal Budget found that of the $1.5 trillion in net direct benefits, businesses would receive...
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A problem with this 'small business' tax provision could sink Republican tax...
A key small business group is opposing the latest Republican tax reform bill, and addressing their objections could cost hundreds of billions of dollars.Republicans don't have a good solution to...
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'It’s not a like a fine bottle of wine': Republicans say they must pass their...
Republicans want to have a bill on President Donald Trump's desk by the end of the year.Many Republicans are still on the fence about supporting the bill in its current form.WASHINGTON — House...
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Republicans just passed a huge tax reform test by the skin of their teeth
The House GOP leadership released their long-awaited tax reform bill on Thursday.The Joint Committee on Taxation said the bill would increase the federal deficit by $1.487 trillion over the next 10...
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A key middle-class tax break in the Republican plan is temporary — why?
Republicans have a new problem in their newly unveiled tax legislation.A temporary tax credit would last for only five years, meaning it would impose a sudden increase on middle-income families.A major...
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Republicans quietly added a provision to their tax bill that would hurt...
House Republicans unveiled their tax reform plan on Thursday, which includes a modest expansion of the child tax credit.But under the proposal, undocumented immigrants will no longer be eligible for...
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The Republican tax plan imposes a new divorce penalty
The Republican tax plan would impose a new penalty on divorce.The change would allow the government to collect more than $8 billion in new revenue over 10 years.But it would make both parties to some...
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Democratic leadership was quick to slam the GOP's tax plan
Democratic leaders were quick to slam the GOP's tax plan, unveiled on Thursday. They argued that the proposal would dramatically exacerbate income inequality by enriching corporations and the wealthy...
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The GOP tax plan has a tiny 'bubble tax' that could end up raising taxes on...
The new House GOP tax plan has a small provision that adds a 6% surcharge for wealthier individuals, increasing their tax burden.The provisions would bump up the tax rate on people making more than $1...
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'The haggling will only intensify' — Wall Street's wary of the Republican tax...
Wall Street is wary of the Republican tax plan because of the concessions and compromise that will be necessary to pass itThe economic impact is still expected to be positive, specifically for...
View ArticleHere's how to figure out exactly how your take-home pay could change under...
President Trump and the GOP recently unveiled the Tax Cuts and Jobs Act. Your Money editor Lauren Lyons Cole explains what the bill could mean for your take-home pay and how to calculate how much money...
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Report: The enormous Republican tax plan would die in the Senate because of a...
The Tax Foundation on Friday released an analysis of the Tax Cuts and Jobs Act.The report says the bill would add the federal deficit outside of 10 years, breaking Senate rules.That means the bill...
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Bill de Blasio on Trump's tax plan: He might as well ask New Yorkers to take...
New York City Mayor Bill de Blasio argues that the Republican legislation to overhaul the US tax code would disproportionately benefit wealthier Americans.De Blasio zeroes in on the proposed...
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The next 4 days will be crucial for the GOP tax plan
The House Ways and Means Committee is set to begin their multi-day markup of the Tax Cuts and Jobs Act on Monday.The markup will allow Republicans to iron out some issues with the bill and attempt to...
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House GOP leaders just scored a big win for their giant tax plan
Rep. Tom MacArthur of New Jersey on Monday said he would support the Tax Cuts and Jobs Act.MacArthur had expressed concerns about the elimination of much of the state and local tax deduction, which...
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The first fireworks in the tax reform hearing came after Republicans brought...
Republicans are moving swiftly to finalize and vote on their bill, the Tax Cuts and Jobs Act. Democrats are frustrated with the lack of regular order and bipartisanship.WASHINGTON — Tempers quickly...
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The GOP tax plan just got another brutal review
The Tax Policy Center released an analysis on Monday of the Tax Cuts and Jobs Act.The report found that the bulk of the benefits from the GOP tax bill would go toward wealthier Americans.The report...
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Analysis from Trump's alma mater shows the GOP tax plan has a potentially...
An analysis by The University of Pennsylvania's Wharton School found that the GOP tax bill would reduce federal revenues on net by $1.75 trillion in the first 10 years after it is theoretically...
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How Trump's tax plan will affect the average American household
The average US household is made up of 3.27 people and brings in a median income of $56, 516.The Republican tax plan would increase the standard deduction while reducing the number of individual tax...
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Things are already getting testy in the tax-reform fight, as Democrats...
Republicans angered Democrats on Monday by introducing several amendments to their tax bill without warning.Democrats can do very little to slow down the Republican effort to overhaul the tax...
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