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...

Middle Class Gets ‘Cliffed’ by Huge Tax If No Deal

By Josh Boak, The Fiscal Times

There’s a common misperception about the fiscal cliff—that the tax increases only apply to 2013. Not true. In a cruel epilogue to 2012, roughly 28 million families would owe the IRS $84 billion more...
OMB’s Fiscal Tricks Can Delay a ‘Cliff’ Recession

By Eric Pianin

With time running out for a deal to avert the fiscal cliff, federal agencies are bracing for deep automatic spending cuts in defense and domestic programs next month that many experts say could help...
Can Budget Crisis Talks Get Back on Track?

By Richard Cowan and Mark Felsenthal, Reuters

Efforts to prevent the U.S. economy from going over a "fiscal cliff" stirred back to life Wednesday with less than a week to go before potentially disastrous tax hikes and spending cuts kick in at...
Money Moves to Make Before the Year-End Cliff

By Linda Stern, Reuters

By now, we thought the path forward would be clear and the usual six-day flurry of tax-focused check writing and income-shifting could commence. But we're still in wait-and-see mode when it comes to...
Why Democrats Now Support Most of the Bush Tax Cuts

By Zachary A Goldfarb, The Washington Post

Democrats are pushing the permanent extension of the Bush-era tax cuts, which they once staunchly opposed, in order to reach a deal to avoid the fiscal cliff.

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