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...

Sexy Fish, Drunken Birds: Head-Scratching Research Funded by Taxpayers

By Martin Matishak

The next time you read a news story about wasteful government spending, remember it could always be worse -- like getting stung by a bee on your private parts worse. On Tuesday, Sen. Jeff Flake (R-AZ...
Sanders’ Spending Plans Would Add $18 Trillion to the Federal Deficit

By Martin Matishak

Throughout the Democratic presidential primary, Hillary Clinton has gone to great lengths to press Bernie Sanders about the cost of his policy proposals, like universal healthcare and free public...
The IRS Just ‘Found’ Enough Money to Hire 700 Additional Workers

By Eric Pianin

Internal Revenue Service officials have been complaining for years about the steep cuts in their budget ordered by Congress that have forced the agency to curtail customer service and dramatically...
Can You Fix Our Fiscal Mess?

By Eric Pianin

By the end of the current fiscal year, the federal budget deficit will rise to $534 billion – about $100 billion more than last year’s shortfall. Then, as a new Democratic or Republican president...
IRS Now Pegs Tax Cheating by Americans at $458 Billion Annually

By Eric Pianin

In the latest indication of the breadth of U.S. tax cheating and duplicity, the Internal Revenue Service reported Thursday a staggering $458 billion average annual difference between taxes that are...

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