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 Moves Ahead to Make Tax Extenders Permanent

By Rob Garver

House Republicans are moving forward with a plan to make a number of tax breaks, known as “extenders” permanent. But some are pointing out that in doing so, without paying for them, they are both...
Tax Thieves Could Boost Their Income by 262 Percent

By Brianna Ehley, The Fiscal Times

Good news for tax thieves! Their income is estimated to go up 262 percent this year, from a mere $5.8 billion to $21 billion in stolen tax returns. Federal auditors just ranked the Internal Revenue...
Social Security Disability Funding Fix Hits Brick Wall

By Eric Pianin

President Obama’s plan to shift $330 billion in Social Security retirement funds around to avert a huge shortfall in the disability insurance program is meeting stiff resistance from Senate...
Nonprofit Contractor Billed Taxpayers for Booze, NFL Tickets

By Brianna Ehley, The Fiscal Times

One of the government’s largest nonprofit contractors hired to work on humanitarian projects in Iraq and Afghanistan is under investigation for overbilling taxpayers by millions and then spending the...
Kansas Weighs Risky Bet to Cover Its Pension Needs

By Rob Garver

Struggling with lower-than-expected revenues after Gov. Sam Brownback pushed for sharp tax cuts, Kansas has been having trouble meeting its funding needs. Its new plan to shore up the employee...

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