GOP/TAXES/TRUMP AS PRESIDENT: “Republicans cheered the unveiling of their long-awaited tax-overhaul bill, though fault lines quickly emerged over some of its components… Yet the 400-page measure also drew quick rebuffs from some of the Republicans’ reliable allies outside of Congress, including the Club for Growth, the National Association of Realtors, and the National Federation of […]
Category: Taxes
11/2/2017
GOP/HOUSE OF REPS/TAXES: “House Republicans, seeking the biggest transformation of the U.S. tax code in more than 30 years, aim to permanently chop the corporate tax rate from 35% to 20%, compress the number of individual income tax brackets, and repeal the taxes paid by large estates starting in 2024, according to a detailed summary […]
11/1/2017
GOP/TAXES/TRUMP AS PRESIDENT: “There is a math problem at the root of the Republican delay in introducing a sprawling tax bill, and it grows, in part, from President Trump’s two non-negotiables on taxes. Mr. Trump has insisted on ‘massive’ tax cuts, including reducing the top corporate tax rate to 20 percent from 35 percent and […]
11/1/2017
HEALTHCARE/OBAMACARE(ACA)/TAXES: “Wouldn’t it be great to Repeal the very unfair and unpopular Individual Mandate in ObamaCare and use those savings for further Tax Cuts… for the Middle Class. The House and Senate should consider ASAP as the process of final approval moves along. Push Biggest Tax Cuts EVER” -Donald Trump, Twitter.com, Nov. 1, 2017 09:59am […]
10/31/2017
GOP/TAXES/TRUMP AS PRESIDENT: “The Republican House members are working hard (and late) toward the Massive Tax Cuts that they know you deserve. These will be biggest ever!” -Donald Trump, Twitter.com, October 31, 2017 08:22pm […]
10/31/2017
GOP/TAXES/TRUMP AS PRESIDENT: “The House Republican tax plan will preserve a top individual tax rate of 39.6%, according to people familiar with the matter, though party leaders are delaying its release by a day to iron out unresolved issues. The plan for the top rate marks a retreat for Republicans on a question that has […]
10/31/2017
TAXES/TRUMP AS PRESIDENT: “I hope people will start to focus on our Massive Tax Cuts for Business (jobs) and the Middle Class (in addition to Democrat corruption)!” -Donald Trump, Twitter.com, October 31, 2017 07:21am […]
10/30/2017
BERNIE SANDERS/POLITICAL FIGURES/TAXES: “Vermont Sen. Bernie Sanders campaigned with New York City Mayor Bill de Blasio on Monday [10-30-17], endorsing him as someone who would fight the agenda of President Donald Trump. ‘Everything that Mayor de Blasio is trying to do is exactly the opposite of what Donald Trump is trying to do. And you […]
10/30/2017
GOP/MIKE PENCE/TAXES: “Vice President Mike Pence will meet with lawmakers on Capitol Hill on Tuesday [10-31-17] as Republicans grappled with key provisions in the tax cut bill and lobbyists expressed concern that a bill might not be ready by a self-imposed deadline… He said the number of unresolved issues was ‘very, very few,’ but did […]
10/29/2017
RUSSIA/TAXES: “All of this ‘Russia’ talk right when the Republicans are making their big push for historic Tax Cuts & Reform. Is this coincidental? NOT!” -Donald Trump, Twitter.com, October 29, 2017 09:48am […]
10/29/2017
HEALTHCARE/OBAMACARE(ACA)/TAXES: “As usual, the ObamaCare premiums will be up (the Dems own it), but we will Repeal & Replace and have great Healthcare soon after Tax Cuts!” -Donald Trump, Twitter.com, October 29, 2017 08:12am […]
10/27/2017
CALIFORNIA/GOP/NEW YORK/TAXES: “New York and California’s Democratic governors said on Friday [10-27-17] residents would face hefty tax increases and some would leave their states under a proposal in the Republican tax plan that would eliminate state and local tax (SALT) deductions on federal income tax. Andrew Cuomo of New York and Jerry Brown of California […]
10/27/2017
GOP/TAXES: “As Republicans push forward to rewrite the tax code, some stakeholders are warning that Senate Majority Leader Mitch McConnell is adopting the same legislative strategy that proved unsuccessful with health care… Republicans are taking that same approach on the tax package—despite efforts by some Democrats to engage in the process, according to lawmaker interviews… […]
10/26/2017
BUDGET/HOUSE OF REPS/TAXES: “House Republicans cleared a crucial hurdle in their drive to overhaul the tax code Thursday after narrowly approving the Senate’s budget. By passing the measure, 216-212, Republicans unlocked procedural powers that allow the Senate to pass a tax bill with just 51 votes — and evade Democratic filibusters. But even with the […]
10/26/2017
STEVEN MNUCHIN/TAXES/TREASURY: “Treasury Secretary Steven Mnuchin is the de facto frontman for the administration’s proposed overhaul of the U.S. tax system because of his extreme loyalty to President Donald Trump and the scores of tax policy experts and economists at his command. But Mnuchin, a former investment banker and movie financier with no prior experience […]
10/25/2017
TAXES/TRUMP AS PRESIDENT: “This will be the biggest TAX CUT in the history of our country – and we need it! #TaxReform Read more: https://t.co/o3W9bJkz5k https://t.co/JYckXWEmLu” -Donald Trump, Twitter.com, October 25, 2017 08:47pm […]
10/25/2017
TAXES/TRUMP FAMILY/IVANKA: “After months of meetings behind closed doors on Capitol Hill, Ivanka Trump took the podium Wednesday [10-25-17] in the Capitol’s Lyndon Baines Johnson Room to make a public pitch on tax reform, which she called ‘critically important.’ ‘Today, the vast majority of American homes are dual income. Our tax code has to recognize […]
10/25/2017
GOP/HOUSE OF REPS/TAXES: “Republicans are still weighing adjustments to a popular retirement savings program, the chief of the House tax writing committee said Wednesday [10-25-17], contradicting President Donald Trump’s statement this week that it would be unchanged in the forthcoming tax overhaul proposal. Ahead of next week’s release of the House GOP tax overhaul bill, […]
10/25/2017
POLITICS/TAXES: “U.S. Republican Senator Marco Rubio said on Wednesday [10-25-17] that tax legislation is likely to include an expanded child tax credit, adding that any reform without such a change would not truly provide relief for the middle class. ‘My sense is it will be in the underlying bill,’ Rubio told reporters, adding that he […]
10/25/2017
TAXES/TRUMP AS PRESIDENT: “Working hard on the biggest tax cut in U.S. history. Great support from so many sides. Big winners will be the middle class, business & JOBS” -Donald Trump, Twitter.com, October 25, 2017 06:35am […]
10/25/2017
DEMS/POLITICAL FIGURES/TAXES/TRUMP AS PRESIDENT: “Chuck Schumer has shown he’s willing to cut deals with President Donald Trump. But the Senate minority leader says Democrats will take a hard-line approach with the White House on taxes — and everything else — until Trump’s GOP-only approach hits a dead end… Schumer’s comments about how Democrats will approach […]
10/24/2017
GOP/TAXES: “So nice being with Republican Senators today. Multiple standing ovations! Most are great people who want big Tax Cuts and success for U.S.” -Donald Trump, Twitter.com, October 24, 2017 05:20pm […]
10/23/2017
GOP/TAXES/TRUMP AS PRESIDENT: “President Donald Trump vowed on Monday [10-23-17] to protect a popular retirement savings program, pledging to leave it untouched in the forthcoming Republican tax overhaul plan… Mr. Trump’s comments point to a challenge Republicans face as they race to write and pass a tax plan: They have ambitious targets for rate cuts […]
10/23/2017
TAXES/TRUMP AS PRESIDENT: “There will be NO change to your 401(k). This has always been a great and popular middle class tax break that works, and it stays!” -Donald Trump, Twitter.com, October 23, 2017 06:42am […]
10/21/2017
BUDGET/TAXES/TRUMP AS PRESIDENT: “Budget that just passed is a really big deal, especially in terms of what will be the biggest tax cut in U.S. history – MSM barely covered!” -Donald Trump, Twitter.com, October 21, 2017 06:52am […]
10/20/2017
TAXES/TRUMP AS PRESIDENT: “This is a once-in-a-generation opportunity to offer historic tax relief to the American people! Join me today: https://t.co/9czcJDbmVW https://t.co/s3kXpvbYih” -Donald Trump, Twitter.com, October 20, 2017 04:10pm […]
10/20/2017
BUDGET/TAXES: “Great news on the 2018 budget @SenateMajLdr McConnell – first step toward delivering MASSIVE tax cuts for the American people! #TaxReform https://t.co/aBzQR7KR0c” -Donald Trump, Twitter.com, October 20, 2017 12:12am […]
10/19/2017
BUDGET/GOP/TAXES: “Republicans are going for the big Budget approval today, first step toward massive tax cuts. I think we have the votes, but who knows?” -Donald Trump, Twitter.com, October 19, 2017 05:54am […]
10/19/2017
FOREIGN POLICY/TAXES/TRUMP AS PRESIDENT: “Foreign companies operating in the U.S. could face major changes in their tax bills under an overhaul being planned by Republicans. Those could include new surtaxes or limits on how much the companies can deduct on certain expenses such as rent, royalties and interest on debt. The changes would be meant […]
10/18/2017
ABORTION/IMMIGRATION/LEGAL/TEXAS: “A federal judge on Wednesday [10-18-17] ordered top United States government officials to allow a pregnant 17-year-old immigrant to get an abortion — the first ruling in a case that could eventually grow to include hundreds of other undocumented minors who seek access to an abortion while in federal custody. In issuing a temporary […]
10/18/2017
POLITICS/TAXES/TRUMP AS PRESIDENT: “It was an honor to welcome Republican and Democratic members of the Senate Finance Committee to the @WhiteHouse today. #TaxReform https://t.co/ge4Xic9fId” -Donald Trump, Twitter.com, October 18, 2017 01:20pm […]
10/18/2017
DEMS/TAXES/TRUMP AS PRESIDENT: “President Donald Trump intensified his efforts to sell Democrats on his tax reform plan on Wednesday [10-18-17] even as Senate Republicans edged closer to passing a budget measure that would push forward a tax bill without Democratic support. Trump, whose plan would bestow up to $6 trillion in tax cuts on businesses […]
10/18/2017
TAXES/TRUMP AS PRESIDENT: “President Donald Trump’s drive to overhaul the U.S. tax code headed for a pivotal moment on Thursday [10-19-17], with Senate Republicans poised to approve a budget measure that would help them pass tax legislation without Democratic support. The Senate and the House of Representatives must agree on a fiscal year 2018 budget […]
10/18/2017
TAXES/TRUMP AS PRESIDENT: “The current tax code is a burden on American taxpayers & harmful to job-creators. Americans need #TaxReform! More: https://t.co/qXyiYiFWCO https://t.co/NGIjJOc3TP” -Donald Trump, Twitter.com, October 18, 2017 10:07am […]
10/18/2017
POLITICS/TAXES: “The Democrats will only vote for Tax Increases. Hopefully, all Senate Republicans will vote for the largest Tax Cuts in U.S. history.” -Donald Trump, Twitter.com, October 18, 2017 05:38am […]
10/17/2017
GOP/TAXES/TRUMP AS PRESIDENT: “President Donald Trump and Senate GOP leaders are desperate for a show of legislative unity on tax reform after the collapse of Obamacare repeal. But they’re unlikely to get it thanks to Sen. Rand Paul of Kentucky. The frequent GOP contrarian is digging in against the budget as written — an ominous […]
10/16/2017
GOP/POLITICAL FIGURES/TAXES/TRUMP AS PRESIDENT: “President Donald Trump and Senate Majority Leader Mitch McConnell, whose relationship has been tense for months, offered a united front Monday [10-16-17] to promote their plans to rewrite the tax code as the Senate nears a critical vote. The White House had asked for the meeting over a week ago, according […]
10/16/2017
TAXES/TRUMP AS PRESIDENT: “The tax-overhaul plan being negotiated in Washington has the potential to virtually eliminate a break lawmakers once considered untouchable: the mortgage interest deduction. The break allows homeowners to deduct from federal taxes money spent on interest tied to mortgage loans of as much as $1 million. So far the deduction is one […]
10/16/2017
DEMS/TAXES: “The Democrats only want to increase taxes and obstruct. That’s all they are good at!” -Donald Trump, Twitter.com, October 16, 2017 07:21am […]
10/16/2017
TAXES/TRUMP AS PRESIDENT: “Art Laffer just said that he doesn’t know how a Democrat could vote against the big tax cut/reform bill and live with themselves! @FoxNews” -Donald Trump, Twitter.com, October 16, 2017 07:17am […]
10/15/2017
NAFTA/TAXES/TRADE DEALS/TRUMP AS PRESIDENT: “Donald Trump’s presidency has so far been largely good for big business and investors, with deregulation in train, hopes for corporate tax cuts, and stocks hitting records. But the risk of a serious jolt now looms: the potential end of the North American Free Trade Agreement, which has governed continental commerce […]
10/13/2017
FOREIGN POLICY/IRS/TAXES/TRUMP AS PRESIDENT: “President Trump and congressional lawmakers are not the only ones interested in collecting taxes on global profits that American corporations are hoarding overseas. European regulators, knee deep in their own campaign to stamp out tax avoidance, have their own plans for that money. Last week, for instance, the European Commission billed […]
10/13/2017
STEVE MNUCHIN/TAXES/TREASURY: “Treasury Secretary Steven Mnuchin said Friday [10-13-17] that some parts of a Republican plan to overhaul the tax code could be permanent, while others would only be temporary. Mr. Mnuchin, speaking at a conference of international bankers, also said he expects Congress can have a bill to the president’s desk by the beginning […]
10/12/2017
TAXES/TRUMP AS PRESIDENT: “It is time to take care of OUR COUNTRY, to rebuild OUR COMMUNITIES, and to protect our GREAT AMERICAN WORKERS! #TaxReform https://t.co/FEjGjT4xp9” -Donald Trump, Twitter.com, October 12, 2017 08:18pm […]
10/12/2017
TAXES/TRUMP AS PRESIDENT: “We need a tax system that is FAIR to working FAMILIES & that encourages companies to STAY in AMERICA, GROW in AMERICA, and HIRE in AMERICA! https://t.co/DdI1yWi7YZ” -Donald Trump, Twitter.com, October 12, 2017 01:17pm […]
10/12/2017
ECONOMY/GOP/TAXES: “The Republican plan to overhaul the U.S. tax code would likely lift economic growth in the short term, economists say, but they are split over whether the boost would last longer than a few years. An overwhelming majority of forecasters in The Wall Street Journal’s monthly survey of economists said the GOP tax plan […]
10/12/2017
MEDIA/TAXES/TRUMP AS PRESIDENT: “Clips from tax speech and @seanhannity on @foxandfriends now. Have a great day!” -Donald Trump, Twitter.com, October 12, 2017 05:04am […]
10/11/2017
ECONOMY/IMF/TAXES: “The International Monetary Fund delivered a blunt warning to international policy makers ahead of the fund’s annual meeting this week: Governments risk undermining global economic growth by cutting taxes on the wealthy. The message, while aimed broadly at all developed nations, carries particular resonance in the United States as the Trump administration and Republican […]
10/11/2017
TAXES/TRUMP AS PRESIDENT: “President Donald Trump added a new sweetener to his sales pitch for tax reform Wednesday [10-11-17], saying average Americans would benefit greatly if U.S. corporations bring money home from abroad under a special low tax rate. That move, combined with lower corporate tax rates, would pump an additional $4,000 into the average […]
10/11/2017
POLITICS/TAXES/TRUMP AS PRESIDENT: “President Donald Trump said Wednesday [10-11-17] that average U.S. households could save $4,000 on their taxes if Congress approves his plan to overhaul the federal tax code, the first such estimate the White House has attached to its proposal. Speaking in Harrisburg, Pa., Mr. Trump said those savings would result from his […]
10/11/2017
TAXES/TRUMP AS PRESIDENT: “We need a tax system that is FAIR to working families & that encourages companies to STAY in America, GROW in America, and HIRE in America?? https://t.co/u9ZgijgLE3” -Donald Trump, Twitter.com, October 11, 2017 06:28pm […]
10/11/2017
DEMS/GOP/TAXES: “The Democrats want MASSIVE tax increases & soft, crime producing borders.The Republicans want the biggest tax cut in history & the WALL!” -Donald Trump, Twitter.com, October 11, 2017 05:36am […]
10/11/2017
FAKE NEWS/MEDIA/TAXES/TRUMP AS PRESIDENT: “It would be really nice if the Fake News Media would report the virtually unprecedented Stock Market growth since the election.Need tax cuts” -Donald Trump, Twitter.com, October 11, 2017 05:31am […]
10/11/2017
DOW/ECONOMY/TAXES/TRUMP AS PRESIDENT: “Stock Market has increased by 5.2 Trillion dollars since the election on November 8th, a 25% increase. Lowest unemployment in 16 years and… if Congress gives us the massive tax cuts (and reform) I am asking for, those numbers will grow by leaps and bounds. #MAGA” -Donald Trump, Twitter.com, October 11, 2017 […]
10/10/2017
SPORTS/TAXES/TRUMP AS PRESIDENT: “President Trump threatened on Tuesday [10-10-17] to use federal tax law to penalize the National Football League over players who kneel in protest during the national anthem as he sought to escalate a political fight that has resonated with his conservative base. In one of a series of combative early morning tweets, […]
10/9/2017
TAXES/TRUMP FAMILY/IVANKA: “Ivanka Trump wants a win. More than six months since she formally joined President Donald Trump’s administration in March, the first daughter has yet to make her mark on any of the administration’s major policy decisions. Now she’s staking her reputation in Washington on making sure her father’s tax reform plan includes an […]
10/4/2017
TAXES/TREASURY: “The U.S. Treasury Department said Wednesday [10-4-17] it will withdraw proposed Obama -era regulations that would have made it harder for business owners to avoid estate and gift taxes. The rules, proposed in 2016 but never put into effect, targeted so-called ‘valuation discounts.’ Those enable businesses to pack valuable assets inside the lifetime exclusion […]
10/4/2017
GOP/TAXES: “Republicans left out many details from the tax-code outline they released last week, and few are more important for middle-income households than the fate of the child tax credit. They plan to bump up the $1,000 per-child credit for children under age 17, but they haven’t settled on how much or at what income […]
10/2/2017
GOP/TAXES/TRUMP AS PRESIDENT: “President Trump and Republican leaders have positioned their sweeping tax rewrite as a way to cut taxes on the middle class. But some top officials are now saying the plan may not benefit everyone in that income group. The acknowledgment could complicate the administration’s ability to sell the tax plan, which is […]
10/1/2017
BUDGET/GOP/TAXES/TREASURY: “Trump administration officials pushed back Sunday [10-1-17] against criticism that the emerging GOP tax plan would provide its biggest benefits to the wealthy. Treasury Secretary Steven Mnuchin and White House budget director Mick Mulvaney said on Sunday news programs that key details of the plan remained undecided and thus it was too early to […]
9/30/2017
GOP/LOBBYING/TAXES/TRUMP AS PRESIDENT: “The sweeping tax rewrite unveiled by President Trump and Republican lawmakers this past week leaves many of the details to Congress, but two sentences in the nine-page framework have Washington lobbyists salivating over a payday that some industry experts predict could top $1 billion. Tucked away on Page 8, the sentences refer […]
9/29/2017
BUDGET/TAXES: “The Senate Budget Committee on Friday [9-29-17] formally unveiled a 2018 budget blueprint that would shield a tax cut of as much as $1.5 trillion from a Democratic filibuster — and could pave the way to opening the Arctic National Wildlife Refuge in Alaska to oil drilling. The budget resolution is a critical step […]
9/29/2017
BUDGET/GOP/TAXES: “The Republican-controlled U.S. Senate Budget Committee, in a crucial step forward for tax reform legislation, on Friday [9-29-17] released a fiscal 2018 budget resolution that would allow tax cuts to lose up to $1.5 trillion in revenue over the next decade. The measure, which could be marked up for a full Senate vote next […]
9/29/2017
TAXES/TRUMP EXECUTIVE ORDERS: “By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows: Section 1. Policy. The United States Government should spend tax dollars responsibly, efficiently, and in the public interest. The National Council on Federal Labor-Management Relations (Council) […]
9/28/2017
CONFLICT OF INTERESTS/TAXES/TRUMP AS PRESIDENT: “President Trump could cut his tax bills by more than $1.1 billion, including saving tens of millions of dollars in a single year, under his proposed tax changes, a New York Times analysis has found. On Wednesday [9-28-17], the White House announced a sweeping plan to cut a variety of […]
9/28/2017
GOP/POLITICS/TAXES: “A day after announcing their ambitious tax plan, Republicans debated scaling back one of their largest and most controversial proposals to pay for lower tax rates: repeal of the individual deduction for state and local taxes. Faced with the potential for defections by House Republicans from high-tax states such as New York and New […]
9/28/2017
BUDGET/ECONOMY/STEVEN MNUCHIN/TREASURY/TAXES: “The Treasury Department has taken down a 2012 economic analysis that contradicts Secretary Steven Mnuchin’s argument that workers would benefit the most from a corporate income tax cut. The 2012 paper from the Office of Tax Analysis found that workers pay 18% of the corporate tax while owners of capital pay 82%. That […]
9/28/2017
DEMS/TAXES: “Democrats don’t want massive tax cuts – how does that win elections? Great reviews for Tax Cut and Reform Bill.” -Donald Trump, Twitter.com, September 28, 2017 06:55am […]
9/27/2017
TAXES: “It is time to take care of OUR people, to rebuild OUR NATION, and to fight for OUR GREAT AMERICAN WORKERS! #TaxReform #USA?? https://t.co/LsZvHg3got” -Donald Trump, Twitter.com, September 27, 2017 08:55pm […]
9/27/2017
GOP/TAXES/TRUMP AS PRESIDENT: “President Donald Trump and GOP leaders proposed sharply reducing tax rates on businesses and many individuals, kicking off a major legislative push to overhaul the nation’s tax code this year.According to an estimate from the nonpartisan Committee for a Responsible Federal Budget, the framework calls for about $5.8 trillion in tax cuts […]
9/27/2017
TAXES: “This is the right TAX CUT @ the RIGHT TIME. We will ALL succeed & grow TOGETHER – as one team, one people, & one American family. #TaxReform https://t.co/rtLWANJjIQ” -Donald Trump, Twitter.com, September 27, 2017 06:42pm […]
9/27/2017
TAXES/TRUMP AS PRESIDENT: “Just arrived in Indianapolis, Indiana to make an announcement on #TaxReform! Together, we are going to MAKE AMERICA GREAT AGAIN! https://t.co/Dy9UwhkWHL” -Donald Trump, Twitter.com, September 27, 2017 02:07pm […]
9/27/2017
GOP/TAXES/TRUMP AS PRESIDENT: “A sweeping Republican plan to overhaul the U.S. tax code proposes to sharply reduce tax rates on businesses and many individuals, kicking off an effort by President Donald Trump and congressional leaders to build momentum for a challenging legislative push in the months ahead. The plan calls for a 20% corporate tax […]
9/26/2017
GOP/TAXES: “Republicans face a daunting challenge as their tax plan comes into sharper focus: They are trying to fit more than $5 trillion of tax cuts inside a $1.5 trillion box. This week’s planned release of a unified GOP blueprint from the Senate, the House and the Trump administration marks the beginning of a race […]
9/25/2017
STEVE MNUCHIN/TAXES/TREASURY: “Steven Mnuchin is facing the biggest test of his short political career. The Treasury secretary has been working for months to bridge divides between an impulsive president and a fractious Congress to deliver on the Republican Party’s promise of a simpler tax code with lower rates. He has a powerful tailwind. Both Donald […]
9/25/2017
TAXES/TRUMP AS PRESIDENT: “The White House never looked more beautiful than it did returning last night. Important meetings taking place today. Big tax cuts & reform.” -Donald Trump, Twitter.com, September 25, 2017 06:44am […]
9/19/2017
GOP/TAXES: “Senate Republicans reached a deal Tuesday [9-18-17] that would allow tax cuts over the next decade, bridging party divides over trade-offs between tax cuts and budget deficits and taking an important step toward tax-overhaul legislation… Mr. Toomey had been seeking tax cuts that might reduce revenues by as much as $2 trillion over a […]
9/18/2017
BUDGET/GOP/TAXES: “Senate Republicans are considering writing a budget that would allow for up to $1.5 trillion in tax cuts over the next decade, said people familiar with the discussions. Budget talks are continuing and no final decision has been reached yet. A budget that creates fiscal room for a $1.5 trillion tax cut, if adopted, […]
9/14/2017
POLITICS/TAXES: “The House and Senate versions of a plan to overhaul the nation’s tax code are likely to diverge on many issues, including the treatment of business interest expenses and their write-offs for investments. The tax-writing committees in the House and the Senate are eager to make their own marks on the U.S. tax system, […]
9/14/2017
POLITICS/TAXES: “The U.S. Senate’s top Republican tax law writer warned on Thursday [9-14-17] that the ‘Big Six’ negotiators from the White House, Senate and House of Representatives would not dictate to his committee the direction of expected tax reform legislation. In a defiant statement coming as Republican leaders from the Trump administration and Congress prepare […]
9/13/2017
BUSINESS/CHINA/TAXES: “China has a business tax rate of 15%. We should do everything possible to match them in order to win with our economy. Jobs and wages!” -Donald Trump, Twitter.com, September 13, 2017 09:22pm […]
9/13/2017
BUSINESS/TAXES: “Governments around the world have continued to cut their tax rates on company profits, pushing them further below that of the U.S. as the Organisation for Economic Cooperation and Development warned the competition to aid businesses may be going too far. In its annual review of changes to tax policies, the Paris-based think tank […]
9/13/2017
POLITICS/TAXES: “The approval process for the biggest Tax Cut & Tax Reform package in the history of our country will soon begin. Move fast Congress!” -Donald Trump, Twitter.com, September 13, 2017 06:28am […]
9/13/2017
BUSINESS/TAXES: “Sen. Ted Cruz (R., Texas) will lay down a marker in the tax debate on Wednesday [9-13-17], endorsing full and immediate deductions for capital investment by businesses. In a speech at a Tax Foundation event, Mr. Cruz will emphasize that such full expensing instead of current multiyear depreciation schedules would make the tax code […]
9/12/2017
STEVEN MNUCHIN/TAXES/TREASURY: “Treasury Secretary Steven Mnuchin said Tuesday [9-12-17] the GOP’s tax overhaul proposal would seek to exclude services companies from enjoying a new lower rate on businesses that don’t pay corporate taxes. Mr. Mnuchin emphasized that policy makers want to ensure they don’t create loopholes for certain individuals or businesses to take advantage of […]
9/8/2017
BUDGET/GOP/TAXES: “A crucial Republican senator said he could accept a tax-policy framework that would let the GOP cut taxes by about $250 billion over the next decade and possibly hundreds of billions of dollars more, staking out a position that could help shape the party’s planned tax overhaul. Sen. Bob Corker (R., Tenn.), a pivotal […]
9/8/2017
GOP/TAXES: “Republicans must start the Tax Reform/Tax Cut legislation ASAP. Don’t wait until the end of September. Needed now more than ever. Hurry!” -Donald Trump, Twitter.com, September 8, 2017 07:57am […]
9/7/2017
HOUSE OF REPS/PAUL RYAN/TAXES: “House Speaker Paul Ryan said Thursday [9-7-17] President Donald Trump’s goal of lowering the corporate tax rate to 15% would be difficult to achieve… Mr. Ryan’s tax plan, which he released in 2016 alongside other House Republicans, called for a 20% corporate tax rate and a 25% tax rate on so-called […]
9/6/2017
ECONOMY/TAXES: “If we want to renew our PROSPERITY, restore OPPORTUNITY, & re-establish our economic DOMINANCE, then we need tax reform that is pro-growth.. https://t.co/9NzLg2Qzpo” -Donald Trump, Twitter.com, September 6, 2017 07:18pm […]
9/6/2017
TAXES: “Will be going to North Dakota today to discuss tax reform and tax cuts. We are the highest taxed nation in the world – that will change.” -Donald Trump, Twitter.com, September 6, 2017 05:47am […]
9/5/2017
BUDGET/GOP/TAXES: “The U.S. policy makers on taxes known collectively as the ‘Big Six’ gathered Tuesday [9-5-17] with President Donald Trump at the White House—and they have some big decisions to make. Republicans are trying to rewrite significant portions of the tax system by year’s end, giving them little time to agree on policy changes and […]
9/5/2017
HEALTHCARE/OBAMACARE(ACA)/TAXES: “Industry groups are ramping up a campaign to repeal or delay two Affordable Care Act taxes that have critics in both parties, the latest effort to tackle the health-care system following the collapse of the broad Republican push to repeal the Obama-era law. The taxes, one on medical devices and another on health-insurance plans, […]
8/30/2017
TAXES/TRUMP AS PRESIDENT: “After months of vague promises of a sweeping tax overhaul, President Trump is expected on Wednesday [8-30-17] to begin a public push to enact the ambitious plan, which still lacks many crucial details. In a speech in Springfield, Mo., Mr. Trump plans to lay out the case for cutting taxes for businesses […]
8/30/2017
TAXES/TRUMP AS PRESIDENT: “Will be leaving for Missouri soon for a speech on tax cuts and tax reform – so badly needed!” -Donald Trump, Twitter.com, August 30, 2017 08:42am […]
8/30/2017
TAXES/TRUMP AS PRESIDENT: “President Donald Trump heads to Missouri on Wednesday [8-30-17] to argue that a tax plan that significantly cuts business taxes would benefit middle-class workers, White House officials said. The speech in Springfield, which isn’t expected to offer new policy details, begins a new phase of the president’s direct engagement in the tax […]
8/28/2017
GARY COHN/STEVE MNUCHIN/TAXES/TRUMP AS PRESIDENT/TRUMP PEOPLE: “Gary D. Cohn and Steven Mnuchin have spent months behind closed doors with Republican congressional leaders sketching the contours of an elaborate and politically difficult tax overhaul that is President Trump’s top priority. Mr. Trump hopes to jump-start the process on Wednesday [8-30-17], traveling to Springfield, Mo., for a […]
8/27/2017
TAXES/TRUMP AS PRESIDENT: “I will also be going to a wonderful state, Missouri, that I won by a lot in ’16. Dem C.M. is opposed to big tax cuts. Republican will win S!” -Donald Trump, Twitter.com, August 27, 2017 08:15am […]
8/24/2017
HOUSE OF REPS/TAXES: “U.S. House of Representatives Speaker Paul Ryan on Thursday [8-24-17] rejected speculation that future tax legislation could include temporary tax cuts for businesses, saying macro-economic elements of tax reform including rates must be permanent… Ryan also said Republicans intend to keep a popular homeowner deduction for mortgage interest payments that some have […]
8/17/2017
CLIMATE CHANGE/GOP/TAXES: “With a sweeping overhaul of the tax code on the horizon, two Senate Democrats believe this is the moment to broach the third rail of climate change policy: a carbon tax. The plan by the senators, Sheldon Whitehouse of Rhode Island and Brian Schatz of Hawaii, to level a $49 per metric ton […]
8/16/2017
BUSINESS/TAXES/TRUMP AS PRESIDENT: “After President Trump accused Amazon on Wednesday [8-16-17] morning of hurting local retailers and jobs by not paying taxes, the company’s shares dipped in premarket trading. ‘Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt — many jobs being lost!’ he tweeted […]