After she was confirmed, the transportation secretary resigned from the board of Vulcan Materials but held on to deferred stock awards worth $300,000, an amount that could grow if Chao helps push an infrastructure bill through Congress.
President Trump and his team have repeatedly said over the last few weeks that their tax bill won’t include tax cuts for the wealthy. It’s a promise the president repeated yesterday and that his economic adviser, Gary Cohn, echoed this morning on “Good Morning America.” But how true is that claim? Click the audio player […]
The first major tax code rewrite since 1986 is set to bring on a lobbying frenzy. Every element of the tax code has a constituency, and behind that constituency, a solid lobbying effort. It’s been called the “hunger games” for lobbyists. We look at what’s at stake for them. Click the audio player above to […]
A key component of the Republican tax plan is doubling the standard deduction for individuals. The standard deduction reduces the amount of income on which you pay taxes, so doubling it means folks who typically take the standard deduction could have lower taxable income. And it also could lead more people to take the standard […]
