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...

Taxpayers Hit Twice by Fast-Food Pay Practices: Report

By Suzanne McGee, The Fiscal Times

When McDonald’s (NYSE: MCD) becomes the first of the major publicly traded restaurant chains to deliver up its first-quarter earnings Tuesday morning, investors hope that it will give the sector a...
Walgreens Moving to Europe for a Tax Break? It’s the American Way

By John Grgurich, The Fiscal Times

Walgreens may soon be able to change its tagline from "At the Corner of Happy & Healthy" to "Take This Tax and Shove It" if a group of powerful shareholders has its way. The investors, including...
Offshore Tax Havens Cost You $1,259 a Year

By Brianna Ehley, The Fiscal Times

Happy Tax Day! Here’s something to think about when rushing to meet tonight’s tax filing deadline: The federal and state government loses more than $180 billion in revenue every year to corporations...
'The New IRS’ Lets You Pick How Your Tax Dollars Are Spent

By Marine Cole

While most Americans might be focused on how to spend, or save, their tax refund, they are now able to choose exactly how they would want to spend their Federal income tax dollars.
The Tax Burden for Small Business Is Getting Worse

By Sam Graves, Chairman-Small Business Committee

This time of year is dreaded by small businesses – a time when many companies and individuals are finalizing their tax returns. This week, the Small Business Committee held a hearing that examined...

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