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...

The Income Gap Shrinks with Accurate Accounting

By Liz Peek

Are the rich getting richer? President Obama thinks so, and has made narrowing the gap between rich and poor a staple of his reelection campaign. Many on the left who decry the exorbitant payouts to...
Goldman Sachs, Seeking Tax Breaks, Grows Out West

By Lauren Tara Lacapra And Kayta Wachtel, Reuters

Some 2,000 miles away from Wall Street, Goldman Sachs Group Inc has found an unlikely second home: Mormon country. Low taxes and a cheap but well-educated workforce have persuaded Goldman to go on a...
Manufacturing Tax Break Goes Wide

By Kim Dixon, Reuters

President Barack Obama wants to broaden the tax deduction for American manufacturing, but the tax break is used by such a wide array of companies that it may be impossible for it be used just for...
Who Is Rich These Days? The Income Gap Myth

By Bruce Bartlett, The Fiscal Times

A while back, the Fiscal Times sparked a controversy by publishing an article arguing that a family with an income of $250,000 per year is not really rich. When taxes, housing costs, college costs...
CEOs Pump Up the Pressure for Corporate Tax Cuts

By Michelle Hirsch, The Fiscal Times

Some of the nation’s highest powered CEOs pumped up the pressure on the White House and Congress to deliver a corporate tax rate cut and balance the federal budget. Their ability to create jobs...

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