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...

Voters, Clueless about Fiscal Cliff, In for a Shock

By Eric Pianin

The nation may be barreling towards a fiscal cliff at the end of the year, but members of Congress returning from a five-week recess say their constituents seem more focused on jobs, the deficit and...
117,000 Americans Get Jobless and Disability Benefits

By Josh Boak, The Fiscal Times

Roughly 117,000 Americans double-dipped by cashing unemployment and Social Security disability checks during the height of the jobs crisis, costing taxpayers a combined $856 million in fiscal 2010...
Riches or Retaliation Await Whistleblowers

By Brianna Ehley, The Fiscal Times

A former employee of the Swiss bank UBS AG this week collected $104 million for blowing the whistle on major tax fraud by the mega-bank. After passage of Dodd Frank in 2010, the number of...
GOP Lawmakers Can Swing the Vote...to Obama

By Eric Pianin and Josh Boak

Congress returns to a transformed landscape since the August recess and political conventions, with President Obama enjoying a bounce after the Democrats' gathering in Charlotte and Republican Mitt...
Who Pays the Top Income Tax Rate?

By Reuters

President Obama wants to raise the top marginal income tax rate on salaries and other ordinary income from 35 percent to 39.6 percent by letting the extended temporary Bush tax cuts expire at year-...

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