tax cuts

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Why is corporate interest a flashpoint for tax cutters?
Alex Wong/Getty Images
For some companies, the deduction is key to doing business. For others, it's a fat loophole.
2017 is no 1986 when it comes to tax reform
BRENDAN SMIALOWSKI/AFP/Getty Images
The ingredients used 30 years ago to rewrite the code don't exist today, including shared principles.
Tax plan math: how middle class and corporate tax cuts square with deficit reduction goals
President Donald Trump wants the top U.S. corporate tax rate cut to 15 percent, as well as tax relief for middle-income Americans, he told the Wall Street Journal. The president also indicated a willingness to increase some taxes on rich Americans. But those cuts risk adding to the deficit over the next ten years. And […]
Trump tax plan is heavy on cuts but light on details
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Those cuts have to be paid for, and the president may have trouble getting Republicans on board.
Rep. Brady on tax reform: ‘We’re going to get this done this year’
MIKE THEILER/AFP/Getty Images
The chairman of the House Ways and Means Committee believes the government won't shut down Friday.
What it might mean if Trump succeeds in cutting the business tax rate
President Donald Trump reminded Fox News’ Tucker Carlson last night that he aims to bring taxes “way down” on businesses, from 35 percent to 15 percent. But a lot of companies don’t pay 35 percent, because they take deductions and exclusions to shave their tax bill. A drop in the overall tax rate could make […]
When is a health care bill not a health care bill? When it’s a tax bill.
Chip Somodevilla/Getty Images
The GOP health plan includes $600 billion in tax cuts for the health industry and wealthy Americans.
Trump administration hopes to pass tax reform by August
U.S. Treasury Secretary Steven Mnuchin said the administration is hoping to pass major tax reform legislation before Congress leaves for its August recess. President Donald Trump has set ambitious goals of economic growth of 3 percent or higher, rates not seen in over a decade. Mnuchin said the administration will achieve this through a combination […]
Will Trump finally dump the estate tax?
It's been a GOP target for years.
It could be a very good holiday for U.S. charities
Howard Lake/Flickr
Charities could see a bump up in donations this month. That’s because wealth advisers are telling their clients to increase their giving now, before likely changes to the tax code next year. On his website, Donald Trump says he’ll cut the top tax rate to 33 percent. And he wants to cap itemized deductions for […]

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tax cuts