Taxes

Robert Samuelson: Why Trump’s Tax Reform Won’t Work

By Jacqueline Leo

It’s hard to imagine that tax reform is No. 1 on the Republicans’ to-do list when they still don’t have a 2018 budget. Worse, they still haven’t agreed to raise the debt ceiling, as the federal...
Gary Cohn: Here's What We Want From Tax Reform

By Michael Rainey

Gary Cohn, President Trump’s top economic adviser, told the Financial Times Friday that the White House will begin a sustained push on tax reform starting next week. The president will hit the road...
Wild About Tax Cuts, Wall Street Forgets Its Deficit Worries

By Yuval Rosenberg

Max Abelson at Bloomberg Businessweek details how the titans of Wall Street and others in finance — think Goldman Sachs CEO Lloyd Blankfein, JPMorgan Chase’s Jamie Dimon, Bank of America’s Brian...
Where’s Trump on Tax Reform Push?

By Yuval Rosenberg

The push to promote tax reform to the public is on in force: House Speaker Paul Ryan talked about it at a visit to Intel yesterday and again today at Boeing in Everett, Washington. House Republicans...
Corporate America Is Putting Its Muscle Behind Tax Reform Push

By Michael Rainey

Speaker of the House Paul Ryan (R-Wis.) is visiting Intel Corp. in Oregon today, and it’s not just to discuss the latest computer chips. Ryan’s trip is part of a larger effort by Republicans — and...

Tax Reform Consensus Taking Shape — but Can It Last?

By Yuval Rosenberg

The “Big Six” members of Congress and the Trump administration negotiating a tax reform package are making progress. The group has reached a “broad consensus” on the key question of how to pay for...
When Politicians Start Talking ‘Tax Reform,’ Check Your Wallet

By Rob Garver

If Congress ever actually gets around to pursuing tax reform, voters should expect to hear lots of talk about the benefits that would derive from an overhaul of the nation’s barnacle-encrusted tax...
Here’s How Trump Could Get Democrats’ Help on Tax Reform

By Rob Garver

The Trump administration has been reaching out to ‘Blue Dog’ Democrats to talk about possible areas of agreement on tax reform.
Are You Rich? Tax Reform May Answer That Question for You

By YLAN Q. MUI, CNBC

Whether to raise taxes on the rich is one of the thorniest issues in tax reform. Underlying that debate is an even more fundamental question: Who exactly qualifies as wealthy? Everyone can agree that...
Meet the Man Who Could Determine Your Tax Bill Next Year

By Rob Garver

All the promises coming from the Trump administration and the Republican leadership in Congress about plans to enact a massive rewrite of the federal tax code have been greeted with caution by much...

3 Assumptions the GOP Brings to the Budget Battle

By Josh Boak, The Fiscal Times

Sen. Ron Johnson (R-WI) is an entitlement and debt hawk, but he considers the plan to defund Obamacare by his Texan colleague Sen. Ted Cruz “terrible.” The freshman Republican—elected in 2010—likes...
Why It’s Still Not ‘Cool’ to be a Federal Worker

By Eric Pianin

It’s a cruel irony that President Obama came into office four and a half years ago promising to “make it cool again” to be a federal employee. There may have been a time in the distant past when...
GOP Risks 5-Way Failure over Defunding Obamacare

By Josh Boak, The Fiscal Times

House Republicans are gambling their reputation and the U.S. economy on a push to strip funding for Obamacare. GOP lawmakers assume that this is a safe bet, one that will fuel an economic boom and...
$40B Food Stamp Fight Sets Up Fiscal Showdown

By Eric Pianin

In the latest round of fantasy budgeting, the Republican House on Thursday narrowly voted to slash federal food stamp funding by nearly $40 billion over the next decade – a move that if allowed to...
Budget Brawl Could Sideswipe Fed Plans to Taper

By Josh Boak, The Fiscal Times

The Federal Reserve appears ready to tap the brakes on its monthly $85 billion bond-buying program, even though the jobs picture still looks dismal and an upcoming federal budget showdown could...

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