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...

Occupy Wall Street Struggles for Survival

By CHRIS FRANCESCANI, Reuters

More than eight months after Occupy Wall Street burst onto the global stage, decrying income inequality and coining the phrase "We are the 99 percent," the movement's survival and continued relevance...
Obama Takes Aim at GOP, Europe, As Economy Sputters

By Eric Pianin

A day after Federal Reserve Board Chairman Ben Bernanke signaled no change in the Fed’s efforts to spark the economy, President Obama blasted the Republicans for blocking his economic proposals and...
What a Tax Break! Make $200M and Pay the IRS Zilch

By Yuval Rosenberg

New numbers from the IRS make clear that while the wealthiest Americans weren’t quite as prosperous in 2009 as they had been before the Great Recession, many of them still benefitted from policies...
Sequester Could Wipe out More than a Million Jobs

By Eric Pianin

A new study by the Bipartisan Policy Center warns that the $1 trillion of looming automatic cuts in defense and domestic programs could greatly add to the country’s economic woes and wipe out more...
Medical Device Makers, GOP House, Renege on Tax

By Merrill Goozner, The Fiscal Times

The Republican majority in the House, ignoring threats of a presidential veto, passed a bill that would repeal the 2.3 percent medical device tax, which was included in the 2010 health care reform...

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