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 Experts: All Roads Lead to VAT

By Michelle Hirsch, The Fiscal Times

A bipartisan panel of tax experts wants to fix America’s income and corporate tax systems with a value-added tax (VAT). Lawmakers remain skeptical that it’s the right answer and that they can sell...
Tax Reform: Obama is Walking into the Neutrality Trap

By Bruce Bartlett, The Fiscal Times

In his State of the Union address, President Obama called on Congress to enact tax reform . Republicans all applauded because to them tax reform is just another excuse to cut taxes. However, their...
The $41,000 Toilet: Wastebook Fact or Fiction?

By Michelle Hirsch, The Fiscal Times

Senator Tom Coburn’s annual “Wastebook” has offered a valuable snapshot of government spending on projects that many feel are not worthy. But the 2010 analysis draws some questionable conclusions.
State Tax Burdens Slow Recovery, Deter Investment

By Liz Peek

Even as our nation’s debt climbs above $14 trillion and heads towards 100 percent of GDP – red flag territory – there are those who oppose spending cuts. Instead, they advocate for higher taxes,...
Tax Reform Hearing Spurs Deep Congressional Rift

By Eric Pianin and Merrill Goozner

As the House Ways and Means Committee kicks off its first hearing on overhauling the tax code, the focus is on business taxes and the push to lower the corporate tax rate.

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