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...

Tobacco Companies Get a Breather from Tax Hikes

By Merrill Goozner, The Fiscal Times

Fewer states are now enacting higher tobacco taxes, and a new Inspector General’s warning from HHS will make it even harder for public health organizations to pursue higher taxes on cigarettes.
Obama’s Tax Plan As Stale As Month-Old Bread

By Liz Peek

President Obama is at it again – calling for tax hikes on the wealthy and trying to divert the nation from the sputtering economy. In renewing his well-worn pitch, he claimed that “what’s holding us...
Scranton's Fiscal Mess May Lead to Bankruptcy

By Maureen Mackey, The Fiscal Times

There’s a financial fiasco brewing in Scranton, Pennsylvania, a city of about 76,000 in the northeast corner of the state – and like so many other cities and states before it, the crisis is pitting...
Obama Aims at Middle Class with Tax Cut Extension

By Eric Pianin

President Obama called for limiting an extension of the Bush era tax cuts to families making less than $250,000 a year, arguing that the middle class needed the help far more than the wealthiest two...
Shocking Truth Behind Prepaid Debit Card Costs

By BETH PINSKER GLADSTONE, Reuters

Prepaid debit cards, which came into the marketplace in the mid-1990s, allow consumers without credit cards or bank accounts to make card purchases or to get cash via ATM networks. The supposed...

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