Companies might have raised wages even if tax reform never passed

Jan 11, 2018
Walmart is raising wages, but that might have less to do with taxes and more to do with the labor market.
Walmart employee Anna Hines walks through the parking lot of a Walmart in Chicago, Illinois.
Tim Boyle/Getty Images

The tax bill's reshaping of the American economy

Dec 29, 2017
How fast will the effects ripple through the economy?
Copies of the Tax Cuts and Jobs Act Conference Report sit on the dais of the House Rules Committee at the U.S. Capitol in Washington, D.C.
Chip Somodevilla/Getty Images

Senate proposal delays corporate tax rate cut

Nov 10, 2017
Republicans in the Senate unveiled their tax bill yesterday. It proposes a delay the corporate tax cut that President Donald Trump says is crucial to spurring economic growth. The House plan would have cut the top corporate tax rate from 35 percent to 20 percent beginning next year. The Senate wants to delay that until […]

The US Chamber of Commerce won't let go of corporate tax cuts

Nov 6, 2017
"If folks are going to stand in the way, then we are going to hold them accountable next November," Neil Bradley of the chamber says.
Members of the House Ways and Means Committee hold the first markup of the proposed GOP tax reform legislation in the Longworth House Office Building on Capitol Hill today.
Chip Somodevilla/Getty Images

Why does the GOP want to give corporate America a big tax cut?

Nov 2, 2017
After months of big promise and bullet-pointed lists, the GOP is out with a tax bill today. It is a long way from final. Democrats, business groups and others are already pushing back hard against elements of the plan. Among the changes the GOP is touting loudest and seems most committed to is a plan […]

Move over, meat. Tyson Foods' CEO is excited about plant proteins.

Tom Hayes says the company is looking at affordable, sustainable options that consumers want.
Leon Neal/Getty Images

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Can a corporate tax cut really boost average household income by $4,000?

Oct 16, 2017
The White House released a paper today laying out the argument that a corporate tax cut will give a $4,000 boost to the average household. The studies being used to back up its assertion come from reputable places like the Kansas City Fed and Harvard, although there are plenty of other studies that say otherwise. […]

To win support for corporate tax reform, Trump promises a $4000 “pay raise”

Oct 13, 2017
To sell his tax plan, President Donald Trump is trying to send a message to ordinary Americans: that cutting corporate taxes will benefit them too. During a speech this week in Harrisburg, Pennsylvania, in front of a crowd of truckers, he claimed that by allowing companies to bring back overseas money at a low tax […]