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...

GOP's Fuzzy Math Misstates CBO Revenue Projections

By Bruce Bartlett, The Fiscal Times

With the House voting 318 to 97 earlier this week against raising the Treasury’s borrowing authority , every Republican and some Democrats were digging in their heels on the idea that trillions of...
GOP Won’t Say How It Would Finance New Tax Cuts

By Jennifer Depaul and Merrill Goozner, The Fiscal Times

House Republicans unveiled a plan Thursday to reduce the corporate and individual tax rate, a goal endorsed by a broad swath of the business community. But they refused to identify specifics in terms...
GOP Position “No New Taxes” Is Rapidly Crumbling

By Bruce Bartlett, The Fiscal Times

Republicans have a problem. The American people are concerned about the budget deficit and know enough basic arithmetic to understand that it can result in higher spending or lower revenues...
Longtime Tax Breaks May Get Booted by the Budget

By Karen Hube, The Fiscal Times

The average American family has a lot riding on the current debate in Washington over whether “ tax expenditures ” should be placed on the budget chopping block as part of an effort to reduce the...
How Much Tax Does Exxon Pay?

By STEVEN MUFSON, The Washington Post

Just how much do big oil companies pay in taxes? Exxon Mobil says it pays plenty — more in U.S. taxes than it earned in the United States last year. Not so, say critics of the oil industry; the...

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