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Here's why Trump's plan for a corporate tax holiday won't grow the economy
It's one of the vague parts of the Republican tax framework: some sort of one-time holiday to get corporations to return untaxed overseas profits to the US.Currently, the US seeks to tax the entire...
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How your tax bracket may change under Trump's new tax plan, in one chart
President Donald Trump's tax plan is finally here.Well, sort of.On Wednesday, the president and the "Big Six" group of Republican tax strategists introduced the latest iteration of their plan to...
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Top Republican senator tweets at Trump to say his tax cut won't be the...
Republican Sen. Chuck Grassley of Iowa took to Twitter on Thursday to tell President Donald Trump that the tax cuts in the tax reform package he is pitching would not be the largest in the history of...
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Republicans still don't understand why their plan raises taxes on many...
Bloomberg reports President Donald Trump was angry to learn his tax plan would raise taxes on some middle-class families, and that Republicans will look to address Trump's anger by revisiting their...
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Trump has been lying a lot about his 'small business' tax cut
President Donald Trump pitched his tax plan on Wednesday in front of a crowd of truckers. He wanted them to know his business tax cuts aren't just for rich people — benefits would also flow to regular...
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Republicans might make a big reversal on one of the most controversial parts...
WASHINGTON — The elimination of the state and local tax deductions (SALT) is one of the most controversialaspects of the Republican framework for tax reform, drawing the ire of Democrats and many...
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There's a clear reason Democrats are so intent on saving the state and local...
The Wall Street Journal reports Republicans in Congress are looking for a way to partially preserve the federal income tax deduction for state and local taxes paid, after many Republicans from high-tax...
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Trump wants the tax plan passed by the end of the year, but that's a...
President Donald Trump and Republicans want to get their tax plan passed by the end of the year.The window is closing quickly, with under 30 days left in the legislative calendar.Many analysts think...
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'The death of tax reform'?: Trump's tax plan is about to face a huge test in...
The Senate is expected to consider a budget resolution this week.Passing a resolution is key in eventually passing a plan to overhaul the US tax code.Republican Sen. Thad Cochran of Mississippi will...
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Trump is sending confusing signals on his timeline for tax cuts
President Donald Trump appeared on Monday to curb expectations that Republicans would pass a tax reform package by the end of the year, while also imploring the GOP to move as quickly as possible on...
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These 6 states might have been the targets of the Trump tax plan
President Trump and Republicans in Congress are working hard to turn their proposed tax reform framework into law. One controversial part of the current proposal involves ending the itemized deduction...
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Democrats left their big tax reform meeting with Trump extremely dissatisfied
President Donald Trump invited members of the Senate Finance Committee to the White House on Wednesday.Republicans are going to use the reconciliation process to try to pass tax reform without...
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'Don't interrupt me when I'm interrupting you!': Ted Cruz and Bernie Sanders...
Sens. Bernie Sanders and Ted Cruz discussed the GOP's tax plan in a CNN town-hall debate.The polarizing topic of tax reform has been at the center of Capitol Hill.Several times the debate went off the...
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Trump teases the 'first step toward massive tax cuts'
On Thursday, the Senate is expected to vote on its budget resolution, a key step toward tax reform.President Donald Trump teased the vote on Twitter, saying of he thinks the GOP has "the votes, but who...
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The Senate passes its budget, clearing a huge hurdle for Trump's tax plan
The Senate passed a 2018 budget resolution, 51-to-49.The resolution includes instructions for reconciliation, which would allow Republicans to pass a tax plan without support from Democrats. The Senate...
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Rand Paul says he supports 'biggest, boldest cuts possible' to taxes after...
President Donald Trump called out Rand Paul on Twitter Friday morning, saying he supported the Republican tax plan.Paul responded that he was "all in for tax cuts."The use of "cuts" instead of reform...
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Republicans' process for passing a tax plan looks strikingly similar to that...
Republicans are set on using reconciliation to bypass the 60-vote threshold for their tax plan.GOP senators say an increased number of hearings opens the process as much as possible.Democrats still say...
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Republicans could now unexpectedly try to 'steamroll' Trump's massive tax...
The Senate passed its budget resolution Thursday night, setting up the path to tax reform.Indications from the GOP leaders is that Congress may speed up the process to pass tax reform sooner rather...
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Republicans are considering a proposal that would radically change the way...
Republicans are reportedly considering a cap on the amount people can put into a traditional, tax-deferred retirement account.One proposal would cap the amount at $2,400 annually and force people to...
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Trump says 'there will be NO change to your 401(k)' after reports Republicans...
Reports on Friday indicated that Republicans may include a cap on contributions to traditional 401(k) plans in their tax-reform package.This change could help GOP leaders with the tax plan's tricky...
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