GOP/TAXES: “House and Senate Republicans faced a new round of uncertainty on Thursday [12-14-17] about the fate of their $1.5 trillion tax bill with the possible defection of a Republican senator, Marco Rubio of Florida, amid continuing questions about how the bill will be paid for and how much of the benefits will flow to […]
Category: Taxes
12/14/2017
GOP/TAXES: “Several Republican senators expressed last-minute doubts about the tax-overhaul plan in Congress, possibly an attempt to strengthen their negotiating positions before a compromise plan set to be released on Friday [12-15-17] and final votes planned for early next week. The presence of the wavering senators, plus concerns about the health of two others, underscored […]
12/14/2017
TAXES: “As a candidate, I promised we would pass a massive tax cut for the everyday, working Americans. If you make your voices heard, this moment will be forever remembered as a great new beginning – the dawn of a brilliant American future shining with PATRIOTISM, PROSPERITY AND PRIDE! https://t.co/exsBzrlCdw” -Donald Trump, Twitter.com, Dec. 14, […]
12/14/2017
FOREIGN POLICY/ISRAEL/MIKE PENCE/TAXES: “US Vice President Mike Pence has delayed his upcoming visit to Israel for several days, spokespeople for the Speaker of the Israeli Parliament and Foreign Ministry and Pence’s office told CNN on Thursday [12-14-17]. The delay comes as Congress prepares to vote on a sweeping tax reform bill, and amid an ongoing […]
12/14/2017
GOP/TAXES: “Republican Tax Cuts are looking very good. All are working hard. In the meantime, the Stock Market hit another record high!” -Donald Trump, Twitter.com, Dec. 14, 2017 07:59am […]
12/14/2017
POLITICS/TAXES: “The tax bill moving through Congress is about 500 pages long, containing enough paper to wrap lots of Christmas presents for boys and girls across the land. The gifts in the text are tax cuts—more than $1.4 trillion of them over the next decade—scattered throughout a bill that Republican lawmakers are striving to make […]
12/14/2017
GOP/PAUL RYAN/TAXES/TRUMP AS PRESIDENT: “Since mid-2016, U.S. House Speaker Paul Ryan has carried around a ‘postcard’ that he has said shows how easy it will be for Americans to file their taxes once Republicans are finished their tax overhaul. And as recently as Thursday President Donald Trump touted Americans being able to ‘file their taxes […]
12/13/2017
GOP/TAXES: “The highest-earning Americans will get a lower tax rate and corporations will pay slightly more than in previous plans under a deal House and Senate Republicans reached on the party’s competing tax-overhaul bills. Full details of what is likely to be a $1.4 trillion tax cut over a decade will be released this week. […]
12/13/2017
GOP/TAXES: “House and Senate Republican negotiators agreed Wednesday [12-13-17] to the final version of the party’s tax bill, setting a lower rate for the top-earning individuals and a slightly higher corporate rate than has been discussed. The full details of what is likely to be a $1.4 trillion tax cut over a decade will be […]
12/13/2017
GOP/HOUSE OF REPS/LEGAL/TAXES: “The top Republican in the U.S. House of Representatives said on Wednesday [12-13-17] that Congress was working on a package of reforms that would prohibit using taxpayer money for settlements in sexual harassment claims lodged against lawmakers’ offices. ‘That’s among the things we’re working on right now,’ House Speaker Paul Ryan said […]
12/12/2017
GOP/POLITICS/TAXES: “Republicans reconciling House and Senate tax bills say they are narrowing their differences, putting a $1.4 trillion tax cut on track to be unveiled by Friday [12-8-17] and passed by both chambers next week. Tuesday evening, Senate Republicans were preparing to send their latest offer back to their House counterparts, in a negotiation that […]
12/12/2017
DOW/TAXES/TRUMP AS PRESIDENT: “Consumer Confidence is at an All-Time High, along with a Record High Stock Market. Unemployment is at a 17 year low. MAKE AMERICA GREAT AGAIN! Working to pass MASSIVE TAX CUTS (looking good).” -Donald Trump, Twitter.com, Dec. 12, 2017 09:23am […]
12/11/2017
STEVEN MNUCHIN/TAXES/TRADE DEALS/TREASURY/TRUMP AS PRESIDENT: “The Trump administration’s planned overhaul of U.S. corporate tax law came under attack Monday [12-11-17] from finance ministers of Europe’s five largest economies, voicing the growing anxiety among foreign executives and officials that the proposals would give American firms unfair tax advantages. In a letter sent to Treasury Secretary Steven […]
12/11/2017
POLITICS/TAXES/TREASURY: “The Treasury Department said Monday [12-11-17] that the GOP tax plan currently before Congress would need an assist from other Trump administration priorities to pay for itself. Tax cuts alone aren’t enough, Treasury said in a one-page analysis, citing welfare reform and infrastructure spending as additional boosts to the economy. The analysis assumes that […]
12/11/2017
EDUCATION/TAXES: “Universities and companies are joining forces to lobby Congress to keep a tax provision that allows employers to give staff as much as $5,250 in yearly tax-free tuition help. The tax-overhaul package passed by the Senate earlier this month includes the provision, which has been part of U.S. tax law since the late 1970s. […]
12/11/2017
HOUSE OF REPS/TAXES: “A provision in the tax code overhaul before Congress could lead to an infusion of new players in elections, including churches and charities, and prompt a significant shift in the way political campaigns are financed. The House tax bill would allow churches and other nonprofits to advocate for candidates and take political […]
12/10/2017
GOP/TAXES: “Some high-income business owners could face marginal tax rates exceeding 100% under the Senate’s tax bill, far beyond the listed rates in the Republican plan. That means a business owner’s next $100 in earnings, under certain circumstances, would require paying more than $100 in additional federal and state taxes. As lawmakers rush to write […]
12/10/2017
TAXES: “Getting closer and closer on the Tax Cut Bill. Shaping up even better than projected. House and Senate working very hard and smart. End result will be not only important, but SPECIAL!” -Donald Trump, Twitter.com, Dec. 10, 2017 08:35am […]
12/8/2017
DRUGS/PHARMA/POLITICS/TAXES: “A tax overhaul bill being hammered into its final form by Senate and House Republicans is all but certain to cut tax credits designed to encourage development of ‘orphan drugs’ meant to treat rare diseases afflicting limited numbers of patients. Since 1983, a federal law has allowed fledgling companies to write off 50% of […]
12/7/2017
BUSINESS/GOP/LOBBYING/TAXES: “Lobbyists have launched an all-out effort to save tax breaks and protect powerful industries as the Republicans’ tax overhaul lurches toward President Donald Trump’s desk. Builders and real estate interests are pushing to save the mortgage interest deduction. Businesses are fighting to strip out a last-minute provision inserted into the Senate bill that would […]
12/6/2017
GOP/TAXES: “Republican leaders moved closer on Wednesday [12-6-17] to resolving some key differences between the House and Senate tax bills, though several big issues, including the size of the corporate tax cut, remained in flux… Once the conference committee process begins, lawmakers will begin formally hashing out the remaining differences, including what to do about […]
12/6/2017
GOP/TAXES: “Republicans’ tax-rewrite plans are riddled with bugs, loopholes and other potential problems that could plague lawmakers long after their legislation is signed into law… In many cases, Republicans are giving taxpayers little time to adjust to sometimes major changes in policy. An entirely new international tax regime, one experts are still trying to parse, […]
12/5/2017
CALIFORNIA/GOP/TAXES: “Though the House and Senate have voted to repeal the deduction for state income taxes in Republican tax overhaul plans, it isn’t dead yet. California Republicans are pushing for an income-tax deduction in the final tax bill being worked out by lawmakers in a House-Senate conference committee on tax legislation… In November, 11 of […]
12/5/2017
GOP/TAXES/TRUMP AS PRESIDENT: “As Republicans near the finish line on a long-sought tax overhaul, President Donald Trump has committed them to taking up a welfare-revamp fight next. Mr. Trump has repeatedly said he is interested in kick-starting a debate around means-tested social programs, with allies seeing significant political rewards from taking up the issue even […]
12/4/2017
HOUSE OF REPS/GOP/TAXES: “House conservatives threatened to derail a key tax vote on Monday [12-4-17] in an attempt to win more influence over the GOP’s spending strategy, just four days before the deadline to fund the government. In a dramatic political stunt, more than a dozen members of the House Freedom Caucus withheld their support […]
12/4/2017
DOW/TAXES: “With the great vote on Cutting Taxes, this could be a big day for the Stock Market – and YOU!” -Donald Trump, Twitter.com, Dec. 4, 2017 07:03am […]
12/4/2017
DEMS/GOP/TAXES: “Democrats refusal to give even one vote for massive Tax Cuts is why we need Republican Roy Moore to win in Alabama. We need his vote on stopping crime, illegal immigration, Border Wall, Military, Pro Life, V.A., Judges 2nd Amendment and more. No to Jones, a Pelosi/Schumer Puppet!” -Donald Trump, Twitter.com, Dec. 4, 2017 […]
12/4/2017
BUSINESS/GOP/TAXES: “Senate Republicans, in their push to pass a sweeping tax bill, undermined a research-and-development tax credit many companies use to encourage innovation, and business interests are in revolt. Late Friday [12-1-17], just hours before the Senate voted for the bill, Republicans decided to preserve the corporate alternative minimum tax instead of repealing it as […]
12/2/2017
GOP/TAXES/TRUMP AS PRESIDENT: “Republicans are finally on the verge of enacting a signature legislative achievement. It’s something that seemed up in the air less than 24 hours before the vote, unlikely just a few months ago and completely unfathomable despite bold claims to the contrary midway through President Donald Trump’s first year in office. Yet […]
12/2/2017
GOP/TAXES: “Biggest Tax Bill and Tax Cuts in history just passed in the Senate. Now these great Republicans will be going for final passage. Thank you to House and Senate Republicans for your hard work and commitment!” -Donald Trump, Twitter.com, Dec. 2, 2017 07:54am […]
12/2/2017
GOP/TAXES: “We are one step closer to delivering MASSIVE tax cuts for working families across America. Special thanks to @SenateMajLdr Mitch McConnell and Chairman @SenOrrinHatch for shepherding our bill through the Senate. Look forward to signing a final bill before Christmas! https://t.co/gmWTny3SfS” -Donald Trump, Twitter.com, Dec. 2, 2017 02:49am […]
12/1/2017
BUDGET/GOP/TAXES/TRUMP AS PRESIDENT: “Republicans suddenly have a fiscal headache in their tax bill. They can thank President Trump for it. The cost of the Senate’s bill came in at $1 trillion over 10 years, after factoring in economic growth, according to an analysis released on Thursday by the Joint Committee on Taxation. That has alarmed […]
12/1/2017
ECONOMY/JOBS/TAXES: “Economists on the TAX CUTS and JOBS ACT: ‘The enactment of a comprehensive overhaul – complete with a lower corporate tax rate – will IGNITE our ECONOMY with levels of GROWTH not SEEN IN GENERATIONS…’ https://t.co/2vCBDtLh3C” -Donald Trump, Twitter.com, Dec. 1, 2017 04:49pm […]
12/1/2017
GOP/TAXES: “Senate Republican leaders said they were poised to pass their tax bill as soon as today after a flurry of late deal-making won over wavering senators. Sens. Ron Johnson (R., Wis.) and Steve Daines (R., Mont.) backed the bill after securing larger tax cuts for pass-through businesses such as partnerships and S corporations. Sen. […]
12/1/2017
DEMS/GOP/TAXES: “Republicans Senators are working hard to pass the biggest Tax Cuts in the history of our Country. The Bill is getting better and better. This is a once in a generation chance. Obstructionist Dems trying to block because they think it is too good and will not be given the credit!” -Donald Trump, Twitter.com, […]
12/1/2017
EX-IM BANK/NOMINATIONS/TAXES/TRUMP AS PRESIDENT: “U.S. taxpayers could be on the hook starting next year for operating expenses at the Export-Import Bank, a trade-finance agency that can’t generate enough revenue because its leadership is in limbo due to congressional inaction. C.J. Hall, the government agency’s acting chairman, who is stepping down Saturday [12-2-17], said in an […]
11/30/2017
GOP/TAXES: “Republican plans to overhaul the U.S. tax code will affect families differently, based on their locations, incomes, deductions, dependents and other factors. The top 1% of households, for example, would get a 2.4% boost in after-tax income from the House bill in 2018, compared with 1.6% for the whole population, according to the Tax […]
11/30/2017
ECONOMY/GOP/TAXES: “Republicans have made a very big deal pitching their tax reform plan as an elixir for economic growth. But a new nonpartisan analysis of the Senate tax bill suggests that while it will spur some additional economic growth, it won’t be nearly enough to compensate for the full cost of the bill’s provisions, which […]
11/30/2017
LOBBYING/MEDIA/TAXES/TRUMP AS PRESIDENT: “The Failing @nytimes, the pipe organ for the Democrat Party, has become a virtual lobbyist for them with regard to our massive Tax Cut Bill. They are wrong so often that now I know we have a winner!” -Donald Trump, Twitter.com, Nov. 30, 2017 07:01am […]
11/30/2017
ECONOMY/GOP/TAXES: “Republicans are on the cusp of passing the biggest corporate tax cut in American history, betting it will ignite an economic boom that creates better jobs and fatter paychecks for middle-class Americans. That boom may never trickle down. Some economists and corporate executives are already warning that simply lowering tax bills won’t necessarily cause […]
11/29/2017
GOP/TAXES/TRUMP AS PRESIDENT: “Senate Republicans are considering whether to cut the corporate tax rate less deeply than President Donald Trump has demanded, a move that could make it easier to pass the tax bill they voted to begin debating Wednesday [11-29-17]. One of the most significant unresolved issues is whether the corporate tax rate should […]
11/29/2017
GOP/HEALTHCARE/OBAMACARE(ACA)/TAXES: “When Senate Republicans entered the final stages of the health care push earlier this year, it was clearly on its last legs. At least two senators had made it known that they had no real intention of voting to repeal the Affordable Care Act, and Republican leaders were casting about for something — anything […]
11/29/2017
DEMS/GOP/TAXES: “The only people who don’t like the Tax Cut Bill are the people that don’t understand it or the Obstructionist Democrats that know how really good it is and do not want the credit and success to go to the Republicans!” -Donald Trump, Twitter.com, Nov. 29, 2017 08:09pm […]
11/29/2017
TAXES/TRUMP AS PRESIDENT: “Now, we have a once in a lifetime opportunity to RESTORE AMERICAN PROSPERITY – and RECLAIM AMERICA’S DESTINY. But in order to achieve this bright and glowing future, the SENATE MUST PASS TAX CUTS – and bring Main Street roaring back to life! https://t.co/jMNwEMrbbr https://t.co/3Niu0thp1D” -Donald Trump, Twitter.com, Nov. 29, 2017 07:40pm […]
11/29/2017
DONALDISM/TAXES/TRUMP AS PRESIDENT: “A vote to CUT TAXES is a vote to PUT AMERICA FIRST. It is time to take care of OUR WORKERS, to protect OUR COMMUNITIES, and to REBUILD OUR GREAT COUNTRY! https://t.co/wW3QNxcCHf https://t.co/sRL2yRK6k2” -Donald Trump, Twitter.com, Nov. 29, 2017 06:29pm […]
11/29/2017
POLITICS/TAXES/TRUMP AS PRESIDENT: “This week, the Senate can join the House & take a strong stand for the Middle Class families who are the backbone of America. Together, we will give the American people a big, beautiful Christmas present-a massive tax cut that lets Americans keep more of their HARD-EARNED MONEY! https://t.co/9jddEW2Oo5” -Donald Trump, Twitter.com, […]
11/29/2017
TAXES/TRUMP AS PRESIDENT: “Departing @JBA_NAFW for St. Charles, Missouri to help push our plan for HISTORIC TAX CUTS across the finish line. A successful vote in the Senate this week will bring us one giant step closer to delivering an incredible victory for the American people! https://t.co/jR1DEUnm2h https://t.co/XF9sRwdV8u” -Donald Trump, Twitter.com, Nov. 29, 2017 01:34pm […]
11/29/2017
GOP/TAXES/TRUMP AS PRESIDENT: “Opponents of the Republican tax proposal moving through Congress are focusing in part on one particular billionaire as they seek to rally Americans against it: President Donald Trump. In more than $1 million worth of advertising on television, online and even mobile billboards, Mr. Trump is portrayed as a beneficiary even as […]
11/28/2017
GOP/TAXES: “Great day for Tax Cuts and the Republican Party. But the biggest Winner will be our great Country!” -Donald Trump, Twitter.com, Nov. 28, 2017 10:35pm […]
11/28/2017
EDUCATION/GOP/TAXES: “Congressional Republicans’ plans to slap unprecedented new taxes on higher education have left college leaders shocked and scrambling — the latest salvo in what some observers say is a growing culture war on a higher education system seen as elitist and out of touch. While most college leaders said they don’t believe they were […]
11/27/2017
POLITICAL FIGURES/TAXES: “Orrin Hatch is facing one of the toughest tasks of his 40-year political career: Ushering a massive tax reform bill through a narrowly divided Senate… He has few votes to spare with Republicans holding a 52-seat majority in the Senate. Some GOP lawmakers are wavering and Democratic opposition is loud and insistent. There’s […]
11/27/2017
DOW/TAXES: “New home sales reach a 10 year high. Stock Market has more record gains. Hopefully Republican Senators will give us the much needed Tax Cuts to keep it all going! Democrats want big Tax Increases.” -Donald Trump, Twitter.com, Nov. 27, 2017 09:48pm […]
11/27/2017
GOP/TAXES: “Senate Republicans began a frenzied week of negotiations to pass a landmark tax overhaul, grappling with several blocs of wavering GOP senators and trying to cobble together enough votes… Republican leaders were confident they would get the 50 votes they need to pass the bill. But placating all these groups will be challenging, politically […]
11/27/2017
FAA/TAXES/TRADE DEALS: “Some overseas airlines would be forced to pay U.S. corporate taxes on part of their profits under a proposal in the Senate tax-overhaul bill that would upset decades of protocols governing international aviation. In general, airlines only have to pay taxes in their own countries, not on income generated abroad. The U.S. and […]
11/27/2017
TAXES/TRUMP AS PRESIDENT: “The Tax Cut Bill is coming along very well, great support. With just a few changes, some mathematical, the middle class and job producers can get even more in actual dollars and savings and the pass through provision becomes simpler and really works well!” -Donald Trump, Twitter.com, Nov. 27, 2017 09:24am […]
11/27/2017
GOP/POLITICAL FIGURES/TAXES/TRUMP AS PRESIDENT: “Republican Senator Rand Paul, a fiscal hawk who has sometimes opposed his party’s spending plans, said on Monday [11-27-17] he planned to vote for the U.S. Senate tax bill and urged his colleagues to do the same. Paul, writing in a Fox News online opinion piece, said that while the bill […]
11/26/2017
GOP/TAXES: “Lawmakers returning to Washington face a tight calendar and a dizzying list of legislative tasks, from a major tax overhaul to a new federal spending agreement, with the added complication of sexual harassment allegations that are reverberating in the halls of the Capitol… The Senate could vote on its version of the overhaul this […]
11/26/2017
GOP/TAXES: “Back in D.C., big week for Tax Cuts and many other things of great importance to our Country. Senate Republicans will hopefully come through for all of us. The Tax Cut Bill is getting better and better. The end result will be great for ALL!” -Donald Trump, Twitter.com, Nov. 26, 2017 08:47pm […]
11/24/2017
GOP/TAXES/TRUMP AS PRESIDENT: “President Donald Trump will meet with Senate Republicans at their weekly closed-doors lunch on Tuesday [11-21-17], a top GOP lawmaker said Friday, as the party prepares to vote next week on legislation overhauling the tax code. The Senate Budget Committee is expected to merge key pieces of the legislation on Tuesday, ahead […]
11/23/2017
DEMS/HEALTHCARE/OBAMACARE(ACA)/TAXES/TRUMP AS PRESIDENT: “ObamaCare premiums are going up, up, up, just as I have been predicting for two years. ObamaCare is OWNED by the Democrats, and it is a disaster. But do not worry. Even though the Dems want to Obstruct, we will Repeal & Replace right after Tax Cuts!” -Donald Trump, Twitter.com, Nov. 23, […]
11/23/2017
ECONOMY/TAXES/TRUMP AS PRESIDENT: “Taxes are going up around the world, but the U.S. is already bucking that trend. The Organization for Economic Cooperation and Development on Thursday [11-23-17] said the share of economic output taken by governments in developed economies as taxes has risen to its highest level since records began 50 years ago. But […]
11/22/2017
TRUMP AS PRESIDENT/TAXES: “….And it will get even better with Tax Cuts! https://t.co/75wozGJQoP” -Donald Trump, Twitter.com, Nov. 22, 2017 09:06pm […]
11/22/2017
BUDGET/DEBT/GOP/TAXES: “The North Olmsted City school district in suburban Cleveland was planning to wait a few years before refinancing $48 million in outstanding bonds used to build a new middle school and high school. Now Treasurer Robert Matson is hoping to get the deal done before Christmas. The reason: The Republican tax plan in congress […]
11/21/2017
TAXES/TRUMP AS PRESIDENT: “Utah Sen. Orrin Hatch prides himself on a history of bipartisan legislating, but in the push for a U.S. tax overhaul, it has been anything but that. In a heated exchange last week, Mr. Hatch, a Utah Republican, shouted at Sen. Sherrod Brown after the Ohio Democrat argued the plan was aimed […]
11/19/2017
GOP/TAXES: “Republican Senators are working very hard to get Tax Cuts and Tax Reform approved. Hopefully it will not be long and they do not want to disappoint the American public!” -Donald Trump, Twitter.com, Nov. 19, 2017 09:21pm […]
11/19/2017
GOP/POLITICAL FIGURES/TAXES/TRUMP AS PRESIDENT: “Sen. Jeff Flake(y), who is unelectable in the Great State of Arizona (quit race, anemic polls) was caught (purposely) on ‘mike’ saying bad things about your favorite President. He’ll be a NO on tax cuts because his political career anyway is ‘toast.’ “ -Donald Trump, Twitter.com, Nov. 19, 2017 06:22pm […]
11/19/2017
GOP/TAXES: “Sen. Susan Collins on Sunday [11-19-17] recited a list of concerns she had with the Republican tax bill barreling through the Senate, raising pressure on the party’s leadership to slow its progress and make changes to secure passage… Ms. Collins is one of a small group of senators whose opposition could block the bill. […]
11/17/2017
DEMS/POLITICS/TAXES: “If Democrats were not such obstructionists and understood the power of lower taxes, we would be able to get many of their ideas into Bill!” –Donald Trump, Twitter.com, Nov. 17, 2017 06:00am […]
11/16/2017
HOUSE OF REPS/TAXES: “The House of Representatives passed a bill that would usher in the most far-reaching overhaul of the U.S. tax system in 31 years, a plan that would reduce the corporate tax rate to its lowest point since 1939 and cut individual taxes for most households in 2018. The bill would repeal the […]
11/16/2017
HEALTHCARE/OBAMACARE(ACA)/TAXES: “The congressional Joint Committee on Taxation said on Thursday [11-16-17] that the latest version of the Senate tax bill would effectively raise taxes for lower-income Americans by 2021. An analysis by the nonpartisan committee projected that, if the Senate bill becomes law, Americans earning $30,000 a year or below would pay higher taxes beginning […]
11/16/2017
HOUSE OF REPS/TAXES: “Big win today in the House for GOP Tax Cuts and Reform, 227-205. Zero Dems, they want to raise taxes much higher, but not for our military!” -Donald Trump, Twitter.com, Nov. 16, 2017 09:57pm […]
11/16/2017
HOUSE OF REPS/TAXES: “Congratulations to the House of Representatives for passing the #TaxCutsandJobsAct — a big step toward fulfilling our promise to deliver historic TAX CUTS for the American people by the end of the year! https://t.co/8FjefMj6hh” -Donald Trump, Twitter.com, Nov. 16, 2017 03:16pm […]
11/16/2017
PAUL RYAN/PUERTO RICO/TAXES: “U.S. House of Representatives Speaker Paul Ryan said on Thursday [11-16-17] he wants to craft changes to a just-passed tax overhaul bill to provide ‘additional tax incentives’ that would help Puerto Ricans recover from Hurricane Maria. In a statement following passage in the House of a major tax bill, Ryan said he […]
11/16/2017
HOUSE OF REPS/TAXES: “The House passed a sweeping rewrite of the tax code on Thursday, taking a significant leap forward as Republicans seek to enact $1.5 trillion in tax cuts for businesses and individuals and deliver the first major legislative achievement of President Trump’s tenure. The House voted to 227 to 205 to approve the […]
11/15/2017
GOP/HEALTHCARE/OBAMACARE(ACA)/POLITICS/TAXES: “Senator Susan Collins is back in the spotlight as a crucial swing vote in the U.S. Senate as she raises questions about how combining a Republican tax-cut plan with a partial repeal of Obamacare will affect middle-class Americans. A day after Senate Republican leader Mitch McConnell decided to link the two issues in a […]
11/15/2017
HOUSE OF REPS/TAXES: “Big vote tomorrow in the House. Tax cuts are getting close!” -Donald Trump, Twitter.com, Nov. 15, 2017 09:14pm […]
11/15/2017
DEMS/TAXES/TRUMP AS PRESIDENT: “Why are Democrats fighting massive tax cuts for the middle class and business (jobs)? The reason: Obstruction and Delay!” -Donald Trump, Twitter.com, Nov. 15, 2017 09:11pm […]
11/15/2017
GOP/PROTESTS/TAXES: “Sen. Ron Johnson (R., Wis.) said he opposes the Senate Republican tax package, becoming the first GOP voice of dissent that, if it gains momentum, could force significant changes or jeopardize the party’s goal to pass the bill before the end of the year… Any Republican opposition is significant because GOP leaders are counting […]
11/15/2017
POLITICS/TAXES: “State and local governments could suffer hits to revenue collections under the tax reform bills being considered in the U.S. Senate and House because of the potential loss of a federal subsidy applied to bond issues and because a proposed increase in the standard taypayer deductions would affect some states. These additional risks to […]
11/14/2017
GOP/HEALTHCARE/OBAMACARE(ACA)/TAXES: “Senate Republicans have decided to include the repeal of the Affordable Care Act’s requirement that most people have health insurance into the sprawling tax rewrite, merging the fight over health care with the high-stakes effort to cut taxes. They also have made a calculated gamble to help speed their bill to passage on a […]
11/14/2017
GOP/HEALTHCARE/OBAMACARE(ACA)/TAXES: “Senate Republicans signaled Tuesday [11-14-17] they would seek to repeal the Affordable Care Act requirement that most Americans must have insurance coverage as part of their tax-overhaul package, adding an uncertain element to an already complex legislative effort. The package is expected to be released later Tuesday. GOP Senate members met to discuss the […]
11/14/2017
GOP/HOUSE OF REPS/TAXES/TRUMP AS PRESIDENT: “House Republican leaders on Tuesday [11-14-17] were working to lock in votes for a 10-year, $1.4 trillion tax cut up for consideration this week, a task complicated by lingering worries among rank-and-file lawmakers about whether President Donald Trump would turn against them in favor of the Senate’s version. Emerging from […]
11/14/2017
ECONOMY/TAXES: “Gary Cohn, the president’s top economic adviser, said Tuesday [11-14-17] he is confident Congress will pass a sweeping tax overhaul, while adding that time is short and lawmakers need to act by year’s end. Mr. Cohn noted that Congress is set to leave for Thanksgiving recess this week and the legislative agenda looks to […]
11/14/2017
HOUSE OF REPS/TAXES: “Great to see @RandPaul looking well and back on the Senate floor. He will help us with TAX CUTS and REFORM!” -Donald Trump, Twitter.com, Nov. 14, 2017 12:08am […]
11/13/2017
HOUSE OF REPS/TAXES: “Excited to be heading home to see the House pass a GREAT Tax Bill with the middle class getting big TAX CUTS! #MakeAmericaGreatAgain??” -Donald Trump, Twitter.com, Nov. 13, 2017 09:21pm […]
11/13/2017
POLITICS/TEXAS: “Texas Democratic Rep. Gene Green won’t seek reelection next year after serving more than two decades in Congress. Green, who represents the Houston area, was first elected in 1992 and is a longtime member of the House Energy and Commerce Committee. Green said he was confident he would have won reelection in 2018 but […]
11/13/2017
GOP/TAXES/TRUMP AS PRESIDENT: “I am proud of the Rep. House & Senate for working so hard on cutting taxes {& reform.} We’re getting close! Now, how about ending the unfair & highly unpopular Indiv Mandate in OCare & reducing taxes even further? Cut top rate to 35% w/all of the rest going to middle income […]
11/13/2017
GOP/TAXES/TRUMP AS PRESIDENT: “U.S. President Donald Trump on Monday pushed lawmakers debating tax reform proposals in the Republican-controlled Congress to end the Obamacare individual mandate and cut the top income tax rate to 35 percent. Members of the U.S. House of Representatives and Senate were debating their respective plans this week before heading home for […]
11/12/2017
GOP/TAXES: “As Republicans move forward on their tax bills this week, part of their pitch is that 9 in 10 Americans would ultimately be able to file returns the size of postcards. While the plans don’t make tax filing quite that easy, they do mark a step toward a simpler system. The GOP plans would […]
11/12/2017
STEVEN MNUCHIN/TAXES/TREASURY: “President Trump’s Treasury secretary says most middle income Americans will get a tax break under the Republican plan brewing in Congress. But he stopped short of saying that break would be for all of them. ‘By simplifying the code, we’re putting everybody on a level playing field,’ Steven Mnuchin told CNN’s Jake Tapper […]
11/10/2017
EDUCATION/GOP/TAXES: “Universities are ramping up efforts to defeat a Republican plan to tax private-college endowments and other proposals that would hit their finances, as they confront a building wave of resentment against higher education. Separate measures proposed in Congress earlier this year—some with bipartisan support—would demand universities pay back part of the loans on which […]
11/9/2017
GOP/TAXES: “Senate Republicans’ proposal to rewrite the tax code breaks significantly with the one crafted by the House GOP, confronting party leaders with dozens of differences to reconcile and little time before the year-end deadline they’ve set to pass it. The Senate plan, released late Thursday [11-9-17], contrasts with the House version in key areas, […]
11/9/2017
DEMS/HOUSE OF REPS/TAXES: “House Republicans, surprised by Democrats’ dominance in this week’s elections in Virginia and New Jersey, have pinned their hopes of retaining the House majority next year on passing a tax-code overhaul. But the details of the tax legislation could create new political burdens for some of the most vulnerable GOP incumbents. The […]
11/9/2017
GOP/TAXES: “Senate Republicans unveiled a proposal to overhaul the U.S. tax code Thursday [11-9-17] that breaks in significant ways with a comparable House tax plan, including the level of top individual tax rates, the number of individual tax brackets, the timing of a corporate tax-rate cut and the particulars of estate tax changes. The Senate […]
11/7/2017
HOUSE OF REPS/TAXES: “Social conservatives have urged House Republicans to retain a tax credit for families who adopt children in their tax overhaul bill, arguing the party shouldn’t gin up revenue at the expense of vulnerable children and the taxpayers who would give them homes. The adoption tax credit is on the chopping block in […]
11/7/2017
HOUSE OF REPS/TAXES: “More than 60% of taxpayers, including much of the middle class, would see lower taxes in 2019 under the House Republican tax plan while 8% would pay more, according to a new analysis released Tuesday [11-7-17]. But by 2027, many of those effects would peter out and nearly one in five households […]
11/7/2017
SPORTS/TAXES/TRUMP AS PRESIDENT: “The National Football League said on Tuesday [11-7-17] it opposes a tax bill proposed by U.S. House of Representatives Republicans that could force teams to put up more of their own money to fund stadium construction. Under the legislation unveiled last week, local governments could no longer fund the building or renovation […]
11/7/2017
DOW/TAXES: “Stock market hit yet another all-time record high yesterday. There is great confidence in the moves that my Administration… is making. Working very hard on TAX CUTS for the middle class, companies and jobs!” -Donald Trump, Twitter.com, Nov. 7, 2017 05:37am […]
11/3/2017
GOP/TAXES/TRUMP AS PRESIDENT: “House Republicans’ tax proposal faces stiff opposition from private-equity firms that say it threatens to disrupt their business model, which often relies on ladling debt onto acquisition targets. Still, this version of the bill is more positive for the industry than a previous plan that may have had more dire consequences for […]
11/2/2017
LOBBYING/TAXES/TRUMP AS PRESIDENT: “Great Tax Cut rollout today. The lobbyists are storming Capital Hill, but the Republicans will hold strong and do what is right for America!” -Donald Trump, Twitter.com, Nov. 2, 2017 07:05pm […]