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Here's what Trump's new tax plan means if you're making $25,000, $75,000, or...
The GOP's tax plan is being billed as a boon for hard-working middle-class Americans. Exactly how much you save would depend on many factors, including whether you itemize deductions.In the chart...
View ArticleA senior investment officer at a $695 billion firm breaks down tax reform
Business Insider executive editor Sara Silverstein sits down with Michael Collins, the senior investment officer at PGIM Fixed Income, to chat about tax reform, which he says is in constant flux. He...
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Democrats use viral Steven Mnuchin photo to troll Republicans on tax bill
Democrats used the recently viral image of Treasury Secretary Steven Mnuchin to protest the Republican tax bill.The Tax Cuts and Jobs Act ultimately passed a few hours later.House Democrats capitalized...
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Republicans just took another huge step forward on their tax-cut plan
The Senate Finance Committee reported the GOP tax plan, the Tax Cuts and Jobs Act, on Thursday, advancing it to the Senate floor for consideration by the full chamber.The approval came after a tense...
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Trump claims the tax bill would lead to a huge boost for business spending...
The Trump administration has argued that cutting corporate taxes in the GOP bill will lead to more business investment and increased job growth.The Federal Reserve of Atlanta asked business executives...
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John McCain just gave a big boost to the GOP tax bill
Sen. John McCain expressed satisfaction with the Senate's use of regular order while trying to overhaul the tax code.The Republican tax plan is slated for a Senate vote in two weeks after lawmakers...
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Republicans' favorite argument for tax cuts just got demolished by a new...
A new analysis from the Tax Policy Center estimates that only small economic gains would result from the Tax Cuts and Jobs Act.House Republicans passed the tax bill last Thursday, and the Senate plans...
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Stocks could see a huge sell off — if the tax plan passes
One reason market benchmarks have hit new highs repeatedly this year: some investors don’t want to sell, because they think waiting for 2018 will increase their after-tax gain.If you’re holding a stock...
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There's a cheap way for traders to protect against tax reform failure
Goldman Sachs and other Wall Street firms are bullish on US stocks for 2018, estimating that the index will continue to rise.A big part of that optimism centers around tax reform, for which...
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The GOP tax plan got a big boost from a key Republican senator
Alaska Sen. Lisa Murkowski said that she supported the repeal of Obamacare's individual mandate as part of the GOP's tax plan.This is a positive for the tax bill, as there were concerns over...
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Democratic senator: Gary Cohn faked a bad connection to get Trump off the...
Democratic senators were discussing tax reform with White House advisers when President Trump called in from Asia.When Trump would not stop talking, Sen. Tom Carper says Cohn fake a bad connection to...
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The GOP has an agenda, but no idea how to enact it
Republicans no longer know how to govern. Governing means solving problems and Republicans just seem unable to solve an problems. With the bills to repeal the Affordable Care Act, for example,...
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JPMORGAN: There's still a fortune to be made in the stock market by betting...
JPMorgan says the market is underpricing the potential for stock market gains in the event that Republicans successfully overhaul the tax code.The firm recommends buying bullish single-stock call...
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Republicans are considering massive last-minute changes to their tax bill to...
Senate Republicans held their weekly policy lunch on Tuesday to discuss their tax bill, and President Donald Trump was in attendance.The group discussed a slew of changes to the bill, including a...
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Senate Republicans are getting closer to passing their enormous tax bill
The Senate GOP tax bill cleared the Senate Budget Committee on Tuesday and headed to the full Senate for a possible vote.While as many as eight Republicans were holding out from supporting the bill, a...
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The GOP tax bill now looks like it will pass — but it could still get tripped...
Senate Republicans cleared a significant hurdle toward passing their version of the Tax Cuts and Jobs Act.I now think it's more likely than not that it will pass.Significant hurdles remain with key...
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An open letter to Congress from over 100 economists: Pass tax reform and...
Dear Senators and Representatives:"Ask five economists," as the Edgar Fiedler adage goes, "and you'll get five different answers."Yet, when it comes to the tax reform package aimed at fixing our broken...
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How your tax bracket could change under the Senate's tax plan, in 2 charts
Income tax brackets could change in 2018 if tax legislation is passed under President Donald Trump.The Senate's tax plan proposes keeping seven tax brackets but changes the income ranges.The bill...
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Marco Rubio wants to make a huge change to the GOP tax bill — and Trump won't...
Marco Rubio and Mike Lee, two GOP senators, introduced an amendment to the Republican tax bill on Wednesday.The amendment would make the child tax credit more generous, but it would also cut the...
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Trump says the GOP tax bill would 'cost me a fortune' — but it would likely...
At a rally Wednesday, President Donald Trump said that the GOP tax bill would not benefit him personally.Based on multiple analyses of Trump's 2005 tax return, the president could have saved $20...
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