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...

14 Outrageous Tax Deductions the IRS Denied

By Janna Herron

Paying taxes is one of the few guarantees in life, as the saying goes. But most of us try to limit how much Uncle Sam takes from our pockets by deducting charitable donations, medical costs and...
Solar-Powered Beer? 8 Ridiculous Ways the Government Wastes Your Money

By Martin Matishak

A freshman Republican senator is taking on the time-honored tradition of highlighting dubious government spending with a new report that takes Washington to task for wasting taxpayer dollars on...
Congress Prepares Huge Tax-Break Giveaways for 2015

By Eric Pianin

With the holiday season upon us, Congress and the White House are once again engaging in the ritual of parceling out tens of billions of dollars in tax breaks and other goodies to just about every...
5 Outrageous Tax Breaks Congress Is Preparing for Special Interests

By Eric Pianin

In the next few weeks, lawmakers and the Obama administration will be wrestling with decisions on the fate of 55 or so highly obscure but often extraordinarily costly tax breaks that lapsed at the...
Tax Cheats Rejoice! The IRS Can’t Afford to Track You Down

By Rob Garver

Beating up on the IRS has become something approaching a reflex for politicians, including a number of high-profile presidential candidates, like Texas Sen. Ted Cruz, who regularly promises to...

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