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...

Tax Cheats Got $3.2 Billion College Tax Credits

By Ed Okeefe, The Washington Post

As many as 2.1 million taxpayers may have erroneously claimed a total of $3.2 billion by taking advantage of an education tax credit last year designed to provide relief as part of the economic...
In This Corner, the Man Behind BIg Tax Loopholes

By Michelle Hirsch, The Fiscal Times

Ken Kies, a former Republican staffer on the House Ways and Means Committee and a Washington lobbyist who helped write a lot of tax loopholes is now fighting to preserve those tax breaks for his big-...
IRS: Budget Cuts Would Hurt Service, Raise Deficit

By ALAN FRAM

The Internal Revenue Service is warning that cuts Congress has proposed in the agency's budget would mean worse service to taxpayers and would cost the government $4 billion a year in lost revenue...
Cain Formerly Opposed Part of 9-9-9 Plan

By ZEKE MILLER, Business Insider

Newly-minted GOP front-runner Herman Cain is best known for his 9-9-9 tax plan, but it turns out he opposed a key component of it — a national sales tax — less than a year ago.
GOP Job Creation Plan: A Foil for Lower Taxes

By Eric Schurenberg, The Fiscal Times

Rick Perry may not like environmentalists, Ron Paul may loathe central bankers, and Michelle Bachman may look askance at people who believe in evolution (or vaccination). But nobody in the GOP doesn’...

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