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...

Is Your Tax Info Safe? Watchdog Says IRS Is Still Vulnerable to Cyber Hackers

By Eric Pianin

Despite some improvements, the Internal Revenue Service’s oversight and protection of sensitive tax collection documents and data continues to pose a threat to the government and U.S. taxpayers,...
Here We Go Again: GOP Infighting Battles Loom Over Budget

By Rob Garver

The GOP's failure to repeal and replace Obamacare after seven years of promising to do just that is a serious blow to the party’s credibility as a governing majority. But to fail on both the ACA...
As Health Care Reform Crumbles, House GOP Turns to the Budget and Taxes

By Rob Garver

If nothing else, Congressional Republicans should get points for confidence. Within hours of the spectacular collapse of the effort to repeal and replace the Affordable Care Act in the Senate, the...
McConnell Infuriates Some Conservatives by Preserving Two Big Obamacare Taxes

By Eric Pianin

It’s a rare moment when a Republican tax policy pleases liberals but outrages conservatives. And yet that’s what happened on Thursday when Senate Majority Leader Mitch McConnell (R-KY) unveiled a...
Why Trump’s Tax Cut Would Be a Tough Sell to the Poor and Middle Class

By Eric Pianin

One way or another, Senate Majority Leader Mitch McConnell (R-KY) and House Speaker Paul Ryan (R-WI) appear determined to clear the decks of the health care controversy in the coming week or two...

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