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...

IRS Overpaid Low-Income Tax Credit by $132 Billion

By David Francis

Over the last decade, the IRS has overpaid tens of billions of dollars through a tax credit designed to help low-income families with kids
Senator Max Baucus, Montana Maverick, to Retire

By Kim Dixon and Thomas Ferraro, Reuters

Max Baucus, the Democratic chairman of the Senate Finance Committee, said Tuesday he will not seek re-election next year, improving Republican chances of capturing his seat and giving him a freer...
A New Tax that Could Send Shoppers Back to the Mall

By Josh Boak, The Fiscal Times

The Senate is on the verge of passing a law to enable states to start demanding a tax from online retailers. The bill reflects an economic climate where more sales are occurring on the Internet, but...
Stupid Tax Tricks for Those Who Think the World Is Fla

By Bruce Bartlett, The Fiscal Times

Further evidence that the prospects for tax reform are diminishing is that silly, gimmicky tax reform ideas are resurfacing. These are not serious proposals, but ideas designed to mislead people into...
Rand Paul: 14 Things You Didn't Know About Him

By Maureen Mackey, The Fiscal Times

Just named to Time Magazine’s 100 most influential list (Sarah Palin wrote the effusive blurb), Senator Rand Paul, the junior senator from Kentucky, said this week he’s considering running for the...

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