NONTRUTHS/TAXES/TRUMP AS PRESIDENT: “President Trump held a rally at Pittsburgh’s airport on Saturday [3-11-18] evening to try to shore up support for Rick Saccone, the Republican on the ballot in a special election on Tuesday to fill a House seat representing a conservative western Pennsylvania district. But he spent most of his 75-minute speech veering […]
Category: Taxes
3/11/2018
COMMERCE/TAXES/TREASURY: “The legislative blitz that rocketed the $1.5 trillion tax cut through Congress in less than two months created a host of errors and ambiguities in the law that businesses big and small are just now discovering and scrambling to address. Companies and trade groups are pushing the Treasury Department and Congress to fix the […]
3/3/2018
TARIFFS/TAXES/TRADE DEALS: “If the E.U. wants to further increase their already massive tariffs and barriers on U.S. companies doing business there, we will simply apply a Tax on their Cars which freely pour into the U.S. They make it impossible for our cars (and more) to sell there. Big trade imbalance!” -Donald Trump, Twitter.com, Mar. […]
3/2/2018
TAXES: “When a country Taxes our products coming in at, say, 50%, and we Tax the same product coming into our country at ZERO, not fair or smart. We will soon be starting RECIPROCAL TAXES so that we will charge the same thing as they charge us. $800 Billion Trade Deficit-have no choice!” -Donald Trump, […]
3/2/2018
BUSINESS/GOP/TAXES/TRUMP AS PRESIDENT: “Since he became president, Donald Trump’s threats to sanction global trading partners sent tremors through business-oriented congressional Republicans worried about how potential retaliation from abroad could reverberate through the businesses and farms in their districts. On Thursday, the rattle turned into an earthquake. The president’s announcement of plans to put barriers on […]
2/27/2018
TAXES: “.@SenatorWicker of Mississippi has been a great supporter and incredible help in getting our massive Tax Cut Bill done and approved. Also big help on cutting regs. I am with him in his re-election all the way!” -Donald Trump, Twitter.com, Feb. 27, 2018 05:58pm […]
2/27/2018
GOP/INFRASTRUCTURE/TAXES: “The country’s biggest trucking group thinks it has a way to convince Republicans to raise the gasoline tax: Don’t call it a tax. The American Trucking Associations, reviving an argument in Washington that’s older than some roads, is pressing lawmakers and the White House to gradually increase fuel levies in steps by 20 cents […]
2/26/2018
BUSINESS/GUNS/NRA/TAXES: “The lieutenant governor in Georgia threatened on Monday [2-26-18] to kill a proposed lucrative tax cut for Delta Air Lines after the company eliminated a discount fare program for the National Rifle Association over the weekend. The move by Lt. Gov. Casey Cagle, who presides over the State Senate, immediately put the legislation in […]
2/21/2018
TAXES/TRUMP BUSINESS: “The State of Mississippi on Wednesday [2-21-18] awarded a tax break worth up to $6 million for a hotel project involving the Trump family business, a public subsidy that could indirectly benefit President Trump. The board of the Mississippi Development Authority approved the so-called tourism tax rebate, which had been requested by the […]
2/20/2018
TAXES: “Main Street is BOOMING thanks to our incredible TAX CUT and Reform law. ‘This shows small-business owners are more than just optimistic, they are ready to grow their businesses.’ https://t.co/w9aw68UwOj” -Donald Trump, Twitter.com, Feb. 20, 2018 12:49pm […]
2/20/2018
DEMS/GOP/TAXES: “Republicans are now leading the Generic Poll, perhaps because of the popular Tax Cuts which the Dems want to take away. Actually, they want to raise you taxes, substantially. Also, they want to do nothing on DACA, R’s want to fix!” -Donald Trump, Twitter.com, Feb. 20, 2018 07:54am […]
2/19/2018
ECONOMY/JOBS/TAXES: “The U.S. economy is looking very good, in my opinion, even better than anticipated. Companies are pouring back into our country, reversing the long term trend of leaving. The unemployment numbers are looking great, and Regulations & Taxes have been massively Cut! JOBS, JOBS, JOBS” -Donald Trump, Twitter.com, Feb. 19, 2018 09:29pm […]
2/19/2018
BUDGET/GOP/IRS/TAXES/TREASURY: “A turf battle is breaking out in the Republican Party over which agencies should have a say in writing new regulations stemming from last year’s landmark tax legislation. Some Republican senators are pressuring the Office of Management and Budget to get involved in reviewing tax regulations, breaking a 35-year-old practice where tax regulatory work […]
2/18/2018
DEMS/GOP/TAXES: “Great Pollster John McLaughlin now has the GOP up in the Generic Congressional Ballot. Big gain over last 4 weeks. I guess people are loving the big Tax Cuts given them by the Republicans, the Cuts the Dems want to take away. We need more Republicans!” -Donald Trump, Twitter.com, Feb. 18, 2018 08:55am […]
2/16/2018
EDUCATION/TAXES: “State officials across the country are increasingly worried that a provision in the new tax law extending college savings accounts to K-12 expenses will blow an unexpected hole in their budgets. The federal government created modern 529 savings plans in the mid-1990s that allow families to put away money for education and allow it […]
2/15/2018
AGRICULTURE/TAXES/TRUMP AS PRESIDENT: “Some agricultural companies are revamping operations to avoid being stung by the new U.S. tax law. Ethanol makers and family-owned grain companies are setting up new agricultural cooperatives to benefit from a provision in the law that gives farmers larger tax savings for selling crops to that kind of business. Executives say […]
2/12/2018
FOREIGN POLICY/TAXES/TRADE DEALS/TRUMP AS PRESIDENT: “President Donald Trump said Monday [2-12-18] he planned to announce as soon as this week what he called a ‘reciprocal tax’ on trade, aimed at countries that he said are taking advantage of the U.S. Mr. Trump’s blueprint for the tax surprised some of his top aides, who warned that […]
2/11/2018
JOBS/TAXES/TRUMP AS PRESIDENT: “4.2 million hard working Americans have already received a large Bonus and/or Pay Increase because of our recently Passed Tax Cut & Jobs Bill….and it will only get better! We are far ahead of schedule.” -Donald Trump, Twitter.com, Feb. 11, 2018 02:15pm […]
2/5/2018
BUSINESS/TAXES/TRUMP AS PRESIDENT: “Thanks to the historic TAX CUTS that I signed into law, your paychecks are going way UP, your taxes are going way DOWN, and America is once again OPEN FOR BUSINESS! https://t.co/GISFbDDGXX” -Donald Trump, Twitter.com, Feb. 5, 2018 03:42pm […]
2/5/2018
BUSINESS/TAXES: “The U.S. tax overhaul may bring trillions of dollars in accumulated profits back home from overseas financial centers, but will likely deliver a smaller boost to U.S. investment by foreign businesses, according to an analysis by the United Nations. The overhaul included a cut in the rate at which company profits are taxed, a […]
2/2/2018
TAXES: “With 3.5 million Americans receiving bonuses or other benefits from their employers as a result of TAX CUTS, 2018 is off to great start! ✅Unemployment rate at 4.1%. ✅Average earnings up 2.9% in the last year. ✅200,000 new American jobs. ✅#MAGA?? https://t.co/upqSvBhRqJ” -Donald Trump, Twitter.com, Feb. 2, 2018 01:05pm […]
1/31/2018
NONTRUTHS/TAXES/TRUMP AS PRESIDENT: “President Donald Trump on Tuesday [1-30-18] delivered his first State of the Union address, and CNN’s Reality Check Team was there to vet his claims. The team of reporters, researchers and editors across CNN listened throughout the speech and analyzed key statements, rating them either true, true but misleading, or false. Economy […]
1/30/2018
JOBS/STATE OF THE UNION/TAXES: “Since the election, we have created 2.4 million new jobs, including 200,000 new jobs in manufacturing alone. After years of wage stagnation, we are finally seeing rising wages. Unemployment claims have hit a 45-year low. African-American unemployment stands at the lowest rate ever recorded, and Hispanic American unemployment has also reached […]
1/25/2018
TAXES/TREASURY: “Treasury Department tax experts are skeptical about states allowing taxpayers to make charitable contributions to circumvent a new cap on deductions for state and local taxes, a department official said Thursday [1-25-18]. The comments from Thomas West, the tax legislative counsel, serve as a warning to lawmakers in New York, New Jersey and California […]
1/24/2018
TAXES/TRUMP AS PRESIDENT/USDA: “A new U.S. farm bill reflecting the budget goals of the Trump administration should provide crop insurance products that let farmers withstand economic slumps and also cut out waste in nutrition assistance programs, the U.S. Agriculture Department said on Wednesday [1-24-18]. USDA issued a broad set of principles it would like to […]
1/24/2018
JOBS/TAXES: “Tremendous investment by companies from all over the world being made in America. There has never been anything like it. Now Disney, J.P. Morgan Chase and many others. Massive Regulation Reduction and Tax Cuts are making us a powerhouse again. Long way to go! Jobs, Jobs, Jobs!” -Donald Trump, Twitter.com, Jan. 24, 2018 06:58am […]
1/23/2018
IRS/TAXES/TRUMP AS PRESIDENT: “President Donald Trump will nominate tax lawyer Charles ‘Chuck’ Rettig to head the IRS, multiple sources with knowledge of the White House selection process told POLITICO on Tuesday night. If confirmed by the Senate, Rettig would join the agency at one of its most challenging times, as it implements a sweeping new […]
1/23/2018
TAXES/TRUMP AS PRESIDENT: “State legislatures across the U.S. will be wrestling in coming months over how to respond to federal income-tax cuts that, paradoxically, could raise tax bills at the state level. Many states typically follow the federal government’s rules for deductions, exemptions and other breaks. When federal rules change, as they did under the […]
1/22/2018
TAXES/TRUMP AS PRESIDENT: “There are good ways to start measuring how much the Trump tax cuts might be helping American workers. Tracking the bonus announcements flowing from corporations is not one of them… For the most part, though, they are not indicative of the windfalls that companies are reaping from the $1.5 trillion tax law […]
1/22/2018
TAXES: “Congress is apparently not done cutting taxes, even after passing a $1.5 trillion tax overhaul last year. The deal struck by Democrats and Republicans on Monday to end a brief government shutdown contains $31 billion in tax cuts, including a temporary delay in implementing three health care-related taxes. Those delays, which enjoy varying degrees […]
1/22/2018
BUSINESS/COMMERCE/LOBBYING/TAXES/TRUMP AS PRESIDENT: “Lobbying by U.S. business groups including the U.S. Chamber of Commerce and the Business Roundtable surged in the last three months of 2017 as lawmakers negotiated and finalized legislation that deeply cut the taxes companies pay. The amount spent on lobbying by the Business Roundtable, a group of chief executive officers at […]
1/19/2018
BANKING/BUSINESS/TAXES/TRUMP AS PRESIDENT: “The new U.S. tax law has eroded the value of an incentive that developers have long used to help finance renovations of historic buildings around the country, raising worries about the prospects for future projects. The law, signed by President Donald Trump last month, changed the federal historic tax credit, which provides […]
1/18/2018
HUD/TAXES: “The last time that Congress approved a sweeping overhaul of the federal tax code, in 1986, it created a tax credit meant to encourage the private sector to invest in affordable housing. It has grown into a $9 billion-a-year social program that has funded the construction of some three million apartments for low-income residents. […]
1/18/2018
EDUCATION/TAXES: “The Juilliard School, New York’s magnet for aspiring artists, is bracing for a 1.4% tax on income from its $1 billion endowment. Three miles away, Columbia University and its $10 billion endowment will remain untouched for now. A college-endowment tax, enacted in December in the Tax Cuts and Jobs Act signed by President Donald […]
1/17/2018
BUSINESS/TAXES: “I promised that my policies would allow companies like Apple to bring massive amounts of money back to the United States. Great to see Apple follow through as a result of TAX CUTS. Huge win for American workers and the USA! https://t.co/OwXVUyLOb1” -Donald Trump, Twitter.com, Jan. 17, 2018 06:28pm […]
1/16/2018
BANKING/DEMS/DODD-FRANK/GOP/TAXES: “The most significant attempt to loosen rules imposed in the wake of the 2008 financial crisis is underway in Congress as the Senate looks to pass legislation within the next month that would roll back restrictions on swaths of the finance industry. Buoyed by their success in rewriting the tax code, the Trump administration […]
1/16/2018
BUSINESS/ECONOMY/TRUMP AS PRESIDENT/TAXES: “The tax overhaul that President Donald Trump signed into law last month capped a year in which his initiatives on taxes, regulation—and many of his public pronouncements on the economy—have been broadly welcomed by business… In pure policy terms, however, business groups and executives say the $1.5 trillion of corporate-focused tax changes […]
1/16/2018
IRS/STATE/TAXES: “A law that would deny or revoke passports for U.S. citizens with seriously delinquent tax debt is set to take effect later this month. Under the law, the Internal Revenue Service is required to notify the State Department after it has certified that an individual has unpaid federal taxes, including penalties and interest, of […]
1/14/2018
DONALD ON DONALD/DOW/TAXES/TRUMP AS PRESIDENT: ” ‘President Trump is not getting the credit he deserves for the economy. Tax Cut bonuses to more than 2,000,000 workers. Most explosive Stock Market rally that we’ve seen in modern times. 18,000 to 26,000 from Election, and grounded in profitability and growth. All Trump, not 0… big unnecessary regulation […]
1/13/2018
DEMS/DOW/DREAMERS/JOBS/TAXES: “I don’t believe the Democrats really want to see a deal on DACA. They are all talk and no action. This is the time but, day by day, they are blowing the one great opportunity they have. Too bad!” -Donald Trump, Twitter.com, Jan. 13, 2018 09:20am […]
1/13/2018
DEMS/DOW/JOBS/TAXES: “Yesterday was another big day for jobs and the Stock Market. Chrysler coming back to U.S. (Michigan) from Mexico and many more companies paying out Tax Cut money to employees. If Dems won in November, Market would have TANKED! It was headed for disaster.” -Donald Trump, Twitter.com, Jan. 13, 2018 09:20am […]
1/13/2018
DOW/JOBS/TAXES: “Yesterday was a big day for the stock market. Jobs are coming back to America. Chrysler is coming back to the USA, from Mexico and many others will follow. Tax cut money to employees is pouring into our economy with many more companies announcing. American business is hot again!” -Donald Trump, Twitter.com, Jan. 13, […]
1/12/2018
SUPREME COURT/TAXES: “The Supreme Court on Friday [1-12-18] said it would consider whether states can broadly require online retailers to collect sales taxes even if they lack a physical presence in the state, taking a case that could have a major impact on online commerce. The justices agreed to hear an appeal by the state […]
1/11/2018
TAXES/TRUMP AS PRESIDENT: “More great news as a result of historical Tax Cuts and Reform: Fiat Chrysler announces plan to invest more than $1 BILLION in Michigan plant, relocating their heavy-truck production from Mexico to Michigan, adding 2,500 new jobs and paying $2,000 bonus to U.S. employees! https://t.co/47azKD0l9B” -Donald Trump, Twitter.com, Jan. 11, 2018 09:49pm […]
1/11/2018
TAXES: “Great news, as a result of our TAX CUTS & JOBS ACT! https://t.co/SLvhLxP3Jl” -Donald Trump, Twitter.com, Jan. 11, 2018 10:37am […]
1/10/2018
ECONOMY/JOBS/TAXES: “Good news: Toyota and Mazda announce giant new Huntsville, Alabama, plant which will produce over 300,000 cars and SUV’s a year and employ 4000 people. Companies are coming back to the U.S. in a very big way. Congratulations Alabama!” -Donald Trump, Twitter.com, Jan. 10, 2018 11:29pm […]
1/10/2018
ECONOMY/JOBS/TAXES: “Cutting taxes and simplifying regulations makes America the place to invest! Great news as Toyota and Mazda announce they are bringing 4,000 JOBS and investing $1.6 BILLION in Alabama, helping to further grow our economy! https://t.co/Kcg8IVH6iA” -Donald Trump, Twitter.com, Jan. 10, 2018 06:37pm […]
1/10/2018
BUDGET/IRS/TAXES: “The Internal Revenue Service, after years of budget cuts, will have its hands full implementing the new tax law, according to the agency’s in-house public advocate. The tax agency needs to update forms, create new definitions, write regulations and field questions from taxpayers, which tend to increase when Congress passes new laws. That will […]
1/9/2018
ENERGY/TAXES: “The newly passed tax law could save Americans billions of dollars on their utility bills. In recent days, electric companies in Massachusetts, Illinois, Oregon and other states have announced plans to pass their tax cuts on to customers through lower rates. On Tuesday, Pepco, which provides power to nearly 300,000 customers in Washington, D.C., […]
1/9/2018
AGRICULTURE/TAXES: “The new U.S. tax law has placed Rick Tronson, a North Dakota grain-company operator, in a precarious position by unexpectedly bestowing big benefits on his main competitors. A provision inserted into the tax code during Senate and House negotiations in December gave farmers more lucrative deductions when they sell agricultural products directly to the […]
1/9/2018
DEMS/TAXES/TRUMP AS PRESIDENT: “The new tax law’s limit on the state and local tax deduction may pose a fiscal threat to high-tax states and their affluent taxpayers. But it’s also a political gift to Democratic officials in those states seeking to raise their national profiles by challenging President Donald Trump and circumventing the law. For […]
1/8/2018
TAXES/TRUMP AS PRESIDENT: “President Trump delivered an economic victory lap during a speech to farmers on Monday [1-8-18] in which he vastly overstated the size of the tax cuts passed by Congress late last year and played up a rollback of regulations on American businesses. Declaring that the ‘American dream is roaring back to life,’ […]
1/8/2018
BUSINESS/JOBS/TAXES/TRUMP AS PRESIDENT: “In Indiana, Missouri and Pennsylvania, President Trump used the same promise to sell the tax bill: It would bring jobs streaming back to struggling cities and towns. The bill that Mr. Trump signed, however, could actually make it attractive for companies to put more assembly lines on foreign soil. Under the new […]
1/4/2018
FEDERAL RESERVE/TAXES: “Federal Reserve officials in December debated whether looming tax cuts might require them to raise short-term interest rates more aggressively in 2018 than last year, when they lifted borrowing costs three times. Officials expressed growing confidence in the strength of the labor market and the economy, according to minutes of the Fed’s Dec. […]
1/4/2018
GOP/TAXES/TRUMP AS PRESIDENT: “Emboldened by his victory in the passage of the biggest U.S. tax overhaul in decades, President Donald Trump now wants to rein in social welfare programs even though some Republicans are wary of tackling the volatile issue in a congressional election year. A White House-led drive to downsize government aid programs such […]
1/3/2018
DOW/ECONOMY/JOBS/TAXES: “Stock Market had another good day but, now that the Tax Cut Bill has passed, we have tremendous upward potential. Dow just short of 25,000, a number that few thought would be possible this soon into my administration. Also, unemployment went down to 4.1%. Only getting better!” -Donald Trump, Twitter.com, Jan. 3, 2018 09:11pm […]
1/3/2018
BUSINESS/TAXES: ” ‘Some 40 U.S. companies have responded to President Trump’s tax cut and reform victory in Congress last year by handing out bonuses up to $2,000, increases in 401k matches and spending on charity, a much higher number than previously known.’ https://t.co/bmWrwWzxMR” -Donald Trump, Twitter.com, Jan. 3, 2018 09:07pm […]
1/2/2018
BUSINESS/TAXES: “Companies are giving big bonuses to their workers because of the Tax Cut Bill. Really great!” -Donald Trump, Twitter.com, Jan. 2, 2018 08:49am […]
1/2/2018
EDUCATION/GOP/TAXES: “Republican lawmakers are looking for a way to exempt a small, tuition-free college in Kentucky from a provision in their new tax law that imposes a levy on university endowments, prompting charges of favoritism from Democrats. Republicans say Berea College deserves the exemption because the small liberal-arts Christian college is unusual, even unique: It […]
12/30/2017
JOBS/TAXES: “Jobs are kicking in and companies are coming back to the U.S. Unnecessary regulations and high taxes are being dramatically Cut, and it will only get better. MUCH MORE TO COME!” -Donald Trump, Twitter.com, Dec. 30, 2017 05:42pm […]
12/30/2017
MEDIA/TAXES: “On Taxes: ‘This is the biggest corporate rate cut ever, going back to the corporate income tax rate of roughly 80 years ago.This is a huge pro-growth stimulus for the economy. Every year the Obama WH overstated how the economy would grow. Now real economics and jobs.’ @WSJ Report” -Donald Trump, Twitter.com, Dec. 30, […]
12/28/2017
CHINA/FOREIGN POLICY/TAXES/TRUMP AS PRESIDENT: “China said on Thursday [12-28-17] that it would temporarily exempt foreign companies from paying tax on their earnings, a bid to keep American businesses from taking their profits out of China following Washington’s overhaul of the United States tax code. There is, however, a catch: To be eligible, foreign companies must […]
12/26/2017
DOW/JOBS/TAXES: “All signs are that business is looking really good for next year, only to be helped further by our Tax Cut Bill. Will be a great year for Companies and JOBS! Stock Market is poised for another year of SUCCESS!” -Donald Trump, Twitter.com, Dec. 26, 2017 05:17pm […]
12/26/2017
DEMS/GOP/HEALTHCARE/OBAMACARE(ACA)/TAXES: “Based on the fact that the very unfair and unpopular Individual Mandate has been terminated as part of our Tax Cut Bill, which essentially Repeals (over time) ObamaCare, the Democrats & Republicans will eventually come together and develop a great new HealthCare plan!” -Donald Trump, Twitter.com, Dec. 26, 2017 06:58am […]
12/24/2017
TAXES/TRUMP AS PRESIDENT: “The Tax Cut/Reform Bill, including Massive Alaska Drilling and the Repeal of the highly unpopular Individual Mandate, brought it all together as to what an incredible year we had. Don’t let the Fake News convince you otherwise…and our insider Polls are strong!” -Donald Trump, Twitter.com, Dec. 24, 2017 03:35pm […]
12/22/2017
HEALTHCARE/OBAMACARE(ACA)/TAXES: “Remember, the most hated part of ObamaCare is the Individual Mandate, which is being terminated under our just signed Tax Cut Bill.” -Donald Trump, Twitter.com, Dec. 22, 2017 05:11pm […]
12/22/2017
TAXES: “Today, it was my great honor to sign the largest TAX CUTS and reform in the history of our country. Full remarks: https://t.co/kMxoxEB68G https://t.co/OeAoA0sLfx” -Donald Trump, Twitter.com, Dec. 22, 2017 03:47pm […]
12/22/2017
MEXICO/TAXES/TRUMP AS PRESIDENT: “Mexico’s finance ministry will evaluate whether to make fiscal changes in response to the U.S. tax reform, according to a document seen by Reuters on Friday [12-22-17]. In the document, the ministry said Mexico would not make changes that left it with a higher public sector deficit. ‘Nevertheless, there will be an […]
12/22/2017
DEMS/TAXES/TRUMP AS PRESIDENT: “95% of Americans will pay less or, at worst, the same amount of taxes (mostly far less). The Dems only want to raise your taxes!” -Donald Trump, Twitter.com, Dec. 22, 2017 11:46am […]
12/22/2017
DEFENSE/TAXES/TRUMP AS PRESIDENT: “Will be signing the biggest ever Tax Cut and Reform Bill in 30 minutes in Oval Office. Will also be signing a much needed 4 billion dollar missile defense bill.” -Donald Trump, Twitter.com, Dec. 22, 2017 10:07am […]
12/22/2017
POLITICS/TAXES/TRUMP AS PRESIDENT: “Our big and very popular Tax Cut and Reform Bill has taken on an unexpected new source of ‘love’ – that is big companies and corporations showering their workers with bonuses. This is a phenomenon that nobody even thought of, and now it is the rage. Merry Christmas!” -Donald Trump, Twitter.com, Dec. […]
12/21/2017
GOP/TAXES: “The sweeping tax overhaul approved by Congress this week hands Republicans a long-sought achievement they believe will bolster their defenses in next year’s midterm campaign, but party officials concede the measure can only mitigate their losses in what is shaping up to be a punishing election year. While the tax legislation is broadly unpopular […]
12/21/2017
BUDGET/DEMS/GOP/HOLIDAYS/HOUSE OF REPS/TAXES: “House Democrats want a SHUTDOWN for the holidays in order to distract from the very popular, just passed, Tax Cuts. House Republicans, don’t let this happen. Pass the C.R. TODAY and keep our Government OPEN!” -Donald Trump, Twitter.com, Dec. 21, 2017 09:52am […]
12/21/2017
DEMS/FAKE NEWS/MEDIA/TAXES: “The Massive Tax Cuts, which the Fake News Media is desperate to write badly about so as to please their Democrat bosses, will soon be kicking in and will speak for themselves. Companies are already making big payments to workers. Dems want to raise taxes, hate these big Cuts!” -Donald Trump, Twitter.com, Dec. […]
12/20/2017
GOP/TAXES: “Republicans’ tax overhaul will completely change the way employers figure out how to withhold income taxes from millions of Americans’ paychecks, potentially disrupting payroll departments as they figure out how to switch to the new system with little guidance and just days to spare. As of Jan. 1, the Republican plan dumps the entire […]
12/20/2017
TAXES/TRUMP AS PRESIDENT: “We are delivering HISTORIC TAX RELIEF for the American people! #TaxCutsandJobsAct https://t.co/lLgATrCh5o” –Donald Trump, Twitter.com, Dec. 20, 2017 01:09pm […]
12/20/2017
GOP/TAXES: “I would like to congratulate @SenateMajLdr on having done a fantastic job both strategically & politically on the passing in the Senate of the MASSIVE TAX CUT & Reform Bill. I could have not asked for a better or more talented partner. Our team will go onto many more VICTORIES!” -Donald Trump, Twitter.com, Dec. […]
12/20/2017
GOP/TAXES: “Congress stands on the verge of passing a $1.5 trillion tax cut and the largest structural overhaul of the tax system since 1986. The Senate passed the tax-overhaul bill, 51-48, around 12:45 a.m. Wednesday after it sailed through the House on a 227-203 vote on Tuesday. A last-minute glitch because of Senate rules forced […]
12/20/2017
GOP/HOUSE OF REPS/TAXES: “The House, forced to vote a second time on the $1.5 trillion tax bill, moved swiftly to pass the final version on Wednesday [12-20-17], clearing the way for President Trump to sign into law the most sweeping tax overhaul in decades. House lawmakers approved the tax bill 224 to 201 on Wednesday, […]
12/20/2017
TAXES/TRUMP AS PRESIDENT: “U.S. President Donald Trump said he believed the financial markets have not fully absorbed the tax cut changes in legislation expected to be passed by Congress on Wednesday [12-20-17]. ‘They’re thinking that the market hasn’t fully digested what they’ve got here,’ he said, referring to his economic advisers. ‘I don’t think the […]
12/20/2017
TAXES/TRADE DEALS/TRUMP AS PRESIDENT: “The giant tax-cut bill heading toward the White House is going to make something President Donald Trump hates — the U.S. trade deficit — much worse, according to former President Barack Obama’s top trade negotiator… During the 2016 election and since taking office, Trump has repeatedly railed against U.S. trade deficits […]
12/20/2017
GOP/IRS/TAXES/TREASURY/TRUMP AS PRESIDENT: “The most sweeping tax code overhaul in a generation will soon head to President Donald Trump’s desk — and Republicans are enjoying a victory dance. Now comes the real-world turmoil. America’s new tax system will go into effect in just 12 days, and payroll companies are bracing for confusion as they figure […]
12/20/2017
BUSINESS/GOP/TAXES/TRUMP AS PRESIDENT/TRUMP BUSINESS: “Wealthy business owners, such as President Donald Trump, stand to gain from a provision in the Republican tax bill that creates a valuable deduction for owners of pass-through businesses, Democrats and some tax experts say. The provision creates a 20-percent business income deduction, with some limits, for sole proprietors and owners […]
12/20/2017
HEALTHCARE/HOUSE OF REPS/OBAMACARE(ACA)/TAXES: “The United States Senate just passed the biggest in history Tax Cut and Reform Bill. Terrible Individual Mandate (ObamaCare)Repealed. Goes to the House tomorrow morning for final vote. If approved, there will be a News Conference at The White House at approximately 1:00 P.M.” -Donald Trump, Twitter.com, Dec. 20, 2017 01:09am […]
12/19/2017
GOP/TAXES: “Republicans took a critical step toward notching their first significant legislative victory since assuming full political control, as the House and Senate voted along party lines on Tuesday [12-19-17] and into early Wednesday to pass the most sweeping rewrite of the tax code in decades. The $1.5 trillion tax bill, which is expected to […]
12/19/2017
ECONOMY/GOP/TAXES/TRUMP AS PRESIDENT: “The U.S. economy is about to become the proving ground for GOP tax-cutting theories. President Donald Trump and congressional Republicans are betting their tax overhaul will jolt the economy after a long but slow expansion. A sharp cut in the corporate-tax rate is meant to spur business investment and hiring. A rewrite […]
12/19/2017
GOP/TAXES/TRUMP AS PRESIDENT: “Congratulations to Paul Ryan, Kevin McCarthy, Kevin Brady, Steve Scalise, Cathy McMorris Rodgers and all great House Republicans who voted in favor of cutting your taxes!” -Donald Trump, Twitter.com, Dec. 19, 2017 03:18pm […]
12/19/2017
GOP/TAXES: “Middle-income households will get $61 billion in tax cuts in 2019 under the Republican tax plan poised for passage this week, according to an analysis released late Monday [12-18-17] by Congress’s Joint Committee on Taxation. That amounts to 23% of the tax cuts that go directly to individuals. By 2027, however, these households would […]
12/19/2017
MIKE PENCE/TAXES: “U.S. Vice President Mike Pence will preside over the Senate’s vote on sweeping tax legislation, his office confirmed on Tuesday [12-19-17]. ‘The @VP will preside over the historic vote,’ Alyssa Farah, a spokeswoman for Pence, said on Twitter. Republicans may need Pence’s vote in favor of the legislation to break a tie.” -Reuters […]
12/19/2017
DOW/JOBS/TAXES: “Stocks and the economy have a long way to go after the Tax Cut Bill is totally understood and appreciated in scope and size. Immediate expensing will have a big impact. Biggest Tax Cuts and Reform EVER passed. Enjoy, and create many beautiful JOBS!” -Donald Trump, Twitter.com, Dec. 19, 2017 06:23am […]
12/19/2017
GOP/TAXES: “The Republican-controlled U.S. Congress will begin voting on Tuesday on the biggest overhaul of the U.S. tax system in more than 30 years, with little standing in the way of the party’s first major legislative triumph under President Donald Trump. The House of Representatives, which introduced initial tax legislation barely six weeks ago on […]
12/18/2017
TAXES/TRUMP AS PRESIDENT: “As the world watches, we are days away from passing HISTORIC TAX CUTS for American families and businesses. It will be the BIGGEST TAX CUT and TAX REFORM in the HISTORY of our country! https://t.co/EvcAkjuf8w” -Donald Trump, Twitter.com, Dec. 18, 2017 03:40pm […]
12/17/2017
GOP/TAXES: “Republicans are on the cusp this week of passing a historic overhaul of the U.S. tax system but might also be ushering in a new period of instability in the tax code, because the plan is advancing without bipartisan support and with expiration dates that guarantee it will be revisited for years. A $1.5 […]
12/17/2017
GOP/POLITICAL FIGURES/TAXES: “Sen. John McCain (R., Ariz.), who has been battling an aggressive form of brain cancer, has returned to Arizona for physical therapy and will be back in the Senate in January, missing a tax vote scheduled for this week. Mr. McCain’s office announced his new plans late Sunday [12-17-17], saying the senator would […]
12/17/2017
TAXES: “As a candidate, I promised we would pass a massive TAX CUT for the everyday working American families who are the backbone and the heartbeat of our country. Now, we are just days away… https://t.co/MADTGUMktX” -Donald Trump, Twitter.com, Dec. 17, 2017 12:01pm […]
12/16/2017
ECONOMY/JOBS/TAXES: “TAX CUTS will increase investment in the American economy and in U.S. workers, leading to higher growth, higher wages, and more JOBS! https://t.co/4GxM8psMU1” -Donald Trump, Twitter.com, Dec. 16, 2017 03:05pm […]
12/15/2017
TAXES/TRUMP AS PRESIDENT: “Great job Kevin, we are all proud of you! https://t.co/K6hEEaOxKt” -Donald Trump, Twitter.com, Dec. 15, 2017 10:12pm […]
12/15/2017
GOP/TAXES: “Sens. Marco Rubio and Bob Corker plan to support the GOP tax plan, bolstering Republicans’ hopes for passage of a tax bill next week as they prepare to release final details of a plan later Friday [12-15-17]. Mr. Rubio of Florida agreed to vote for the overhaul after Republicans agreed to a more generous […]
12/15/2017
GOP/TAXES: “Republican negotiators in the U.S. Congress on Friday [12-15-17] expanded a child tax credit that is part of sweeping tax legislation in order to shore up support for passage, but it was still unclear whether the move was enough to satisfy two balking senators. Republican Representative Kristi Noem said on Friday that the refundable […]
12/15/2017
DEMS/GOP/POLITICS/TAXES: “A controversial provision that would have permitted nonprofit groups to enter politics and could have led so-called ‘dark money’ contributions to become tax deductible has been dropped from the GOP tax bill, according to a leading Senate Democrat. Sen. Ron Wyden gave credit to his fellow Democrats for striking the Republican proposal to roll […]