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 12 Craziest Tax Laws in America

By Michelle Hirsch, The Fiscal Times

With 44 states facing budget shortfalls, no wonder some of them are resorting to wacky measures to raise revenue.
Taxes: What Could Trigger an IRS Audit

By Tom Herman, The Fiscal Times

As the April 18 tax-filing deadline approaches, many taxpayers are worried about getting audited by the IRS. Although the odds of an audit are slim, they increase with income--and can rise quickly if...
Tax Countdown: Are You a Winner or a Loser?

By SUSAN JOHNSTON, The Fiscal Times

With the U.S. tax code changing constantly and becoming ever-more complicated, 2010 was no exception. In fact, there were so many changes in the tax law over the past 18 months, experts predict tax-...
Obama Denies Tax Holiday to Corporate Giants

By Michelle Hirsch, The Fiscal Times

A top Treasury official said on Wednesday that the Obama administration won’t support a corporate tax holiday similar to the one in 2004, which brought billions in corporate profits back to the U.S...
The New Profiteers: State Tax Credit Scalpers

By Sarah Stodola, The Fiscal Times

Companies often receive tax credits as an incentive to do business in a certain state. However, they are often unable to use them. As a result, states sometimes make the credits tradable, creating an...

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