Taxes

Trump administration explains details of how tax plan would pay for itself, immediately gets attacked for assumptions

For months, Treasury Secretary Steven Mnuchin has said that the Republican tax plan wouldn't add a penny to the national debt, pledging that more than 100 people in his agency were “working around the clock” to calculate how much additional growth would come from the plan. On Monday, the Treasury …

Economics

Even the Trump administration’s own analysis shows the GOP tax plan won’t pay for itself

Turns out previous analyses were right all along.<p>On Monday, the U.S. Treasury Department finally released its analysis of the GOP tax plan: a single …

Liberal View

Getting Divorced? Your Taxes Could Be Crushing

Sadly, higher taxes are a common result of getting a divorce. Here's how to minimize the burden.<p>Getting a divorce creates enormous changes in many …

Retirement

How many people pay the estate tax in each state

A key difference between the House and Senate tax bills that will have to be resolved this week is how they handle the estate tax, which is levied on …

U.S. Politics

Calling US tax reform 'sweeping' might be an overstatement: Expert

Mary Jo Jacobi, former assistant secretary of commerce for the U.S. government, speaks about potential tax reform in the U.S.

U.S. Secretary of Commerce

Trump and GOP promises about middle-class tax cuts were apparently swamped by ideology, lobbying, math

President Trump makes his final pitch for the Republican tax bill on Wednesday, with Senate and House Republicans aiming to have a final bill by …

Kevin Brady

Senate Should Follow House’s Lead in Nixing Special-Interest Loopholes

President Donald Trump is right. Washington is a swamp, infested with special-interest groups feverishly working to keep their place in the capital …

Conservative View

Opinion | The Spectator’s View: Slicing up the cannabis tax revenue pie

Let's be honest: Part of the appeal of legalizing cannabis comes down to money. The demand and consumption already exists. We already regulate, tax …

Cannabis

Year-End is Coming - Begin Preparing NOW!

By Todd Waletzki – Chief Operating Officer, BenefitMall<p>With so many things to do this time of year, it can be easy to overlook the importance of …

Retirement

Trump's corporate tax cut is justified and long overdue

Corporate tax cuts matter for the US: the rate is too high, system too complicated and cuts will boost the economy by getting marginal projects off …

Economics

Small Businesses Have Evolved Since 1986 but the Tax Code Has Not -- Congress Needs to Fix That, Now

Almost 80% of entrepreneurs say higher taxes may cause them to downsize. That’s an alarming number when you consider that, according to the Small Business Administration, the nation’s small and microbusinesses employ about 60 million people.<p>Congress has a once-in-a-generation opportunity to create …

Small Business

Most Americans Expect a Tax Refund in 2018 - And That's Not a Good Thing

You might think that getting a tax refund is something to celebrate. But actually, those who get refunds tend to lose out.<p>If there's one thing pretty …

Personal Finance

Here's How Many Billions America's Richest Would Save On Estate Tax Repeal

Trump family would also make out like bandits.<p>Mother Jones magazine and the progressive organization Americans for Tax Fairness have taken a look at the more lavish of the House and Senate measures to cut taxes for the richest people in America ― a mammoth break on estate taxes. What’s the maximum …

News (U.S.)

The Tax Cuts Will Pay For Themselves If We Wait Long Enough

As the Republicans in Congress move closer to passing tax reform, one of the bones of contention has been how the tax cuts will affect the national debt. A few Republicans have tried to claim that the tax cuts will pay for themselves by generating more economic growth, while the vast majority of …

Opinion

The GOP Super-Gift To The Rich And Super-Rich

There is a very high probability that the GOP will pass a new tax law. Whether the new tax law is going to be meaningfully beneficial for the middle class is still open to discussion. What is clear, meanwhile, is that the law will be considerably advantageous to the rich and super-rich. Moreover, …

Wealth

Trump talks tax cuts and budget on golf course with Graham

WEST PALM BEACH, Fla. (AP) - President Donald Trump sought Sunday to gloss over the difficult work ahead for lawmakers laboring to finalize tax cut …

Donald Trump

Why Making American Corporations More Competitive Doesn't Help Most Americans

From Robert Reich Blog<p>Corporate greed<br>(Image by commons.wikimedia.org) Permission Details DMCA<p>- Advertisement -<p>Trump and congressional Republicans are …

Social Justice

Tim Nesbitt: Oregon's public policy pile-up

<b>By Tim Nesbitt</b><p>We all know what it's like to be stuck in traffic when we are trying to get to an urgent appointment. Most of the time, we get there …

U.S. Congress

Peter Watts: Denial of disability tax credit to diabetics causes ‘furor’

The Canada Revenue Agency is taking steps to quell a furor over what critics were calling its heartless treatment of diabetics.<p>Last May, the CRA told …

Canada Revenue Agency

Tax reform timeline: Rep. McCarthy says GOP making great progress

House Majority Leader Kevin McCarthy on Sunday said Republican congressional lawmakers have made “great progress” as they attempt to unify a tax reform bill before the Christmas holiday.<p>“The House and Senate have two different bills—structurally they’re pretty similar. They’re going to work out …

Business

As businesses rush to exploit GOP tax cuts, government revenue may shrink more than expected

As soon as the last major tax overhaul was enacted in the fall of 1986, accountant Edward Mendlowitz remembers working around the clock to convert corporations into partnerships and other so-called pass-through businesses to take advantage of the new tax code.<p>Now with congressional Republicans …

How the GOP tax cut could take money away from most Americans

<b>By Heather Long</b>, <i>The Washington Post</i><p>If President Donald Trump and congressional Republicans end up paying for their proposed $1.4 trillion tax cut by …

Social Justice

4 Tax Breaks You Won't Want to Miss

You may qualify for some huge tax breaks without even knowing it.<p>When tax time rolls around, you've got to grab every break you can. Missing out on …

Personal Finance

Gaming The Tax Code

Experts predict the new rules in the proposed tax overhaul will lead to many complexities in the tax code. And that likely means new opportunities for tax lawyers to find ways to game the system.

Republicans Reconsider Bumping Up Corporate Tax Rate

“Republicans negotiating a final GOP tax bill are reconsidering proposals to shrink the plan’s corporate tax cut amid ferocious opposition from …

Politics

The Estate Tax Should Be 100 Percent

You can’t take it with you.<p>What do you care what happens to all your wealth after you die, really? You’ll be dead. The living can use it, and you …

Liberal View

Market Voice: A Very Taxing Tax Plan

<i>By Thomson Reuters</i><p>The Senate managed to pass a tax plan on Friday night and the reconciliation needed with the House version passed earlier in …

Economy

AMT: The Hated Tax That Just Won't Die

We were so close.<p>For years, nearly every Republican tax-overhaul plan, framework or list of talking points has promised to repeal the Alternative Minimum Tax. The bill passed by House of Representatives ended this dreaded surcharge, as did the Senate’s first version.<p>But last week, Senate …

Personal Finance

How tax reform misconceptions have hurt the GOP

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Andrew Puzder

Will a Tax Overhaul Send the Economy on a Sugar High? | The Report | US News

President Donald Trump and the GOP congressional leadership have pitched their tax package – the passage of which appears to be a virtual certainty …

Economy