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...

More Budget Cuts at the IRS Could Cost Billions

By Brianna Ehley, The Fiscal Times

It’s not going to be a very happy holiday at the Internal Revenue Service. The CRomnibus spending bill included another round of drastic budget cuts that are expected to cause big problems for the...
FEMA Wasted Billions on Administrative Costs

By Brianna Ehley, The Fiscal Times

A federal watchdog has raised concerns about how much of the Federal Emergency Management Agency’s budget is going toward administrative costs – instead of disaster relief. The Government...
10 Outrageously Pricey Tax Breaks ‘Gifted’ by Congress

By Eric Pianin and Rob Garver

The Senate, on its way out at the close of the 113th Congress, approved the extension of more than 50 tax breaks, known as “tax extenders.” Here are 10 of the most generous – or outrageous – breaks.
A Top GOP Priority: Fixing Our Disgraceful Tax Code

By Liz Peek

“Voters See Sinking America,” trumpets a new Rasmussen survey . Why so gloomy? Maybe it’s because we the people don’t trust our government to act in the best interests of average Americans. One data...
IRS Gave $14.5 Billion in Low-Income Tax Credits to the Wrong People

By Brianna Ehley, The Fiscal Times

The federal watchdog tasked with keeping tabs on the Internal Revenue Service says the agency needs to do a better job of administering tax credits for low-income people. The reason? Billions of...

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