The Senate and House have now both passed their own versions of a tax bill. Now comes the difficult part — reconciling the differences.
Making the rounds on Capitol Hill yesterday was Kansas Gov. Sam Brownback. He was talking up his tax cuts in Kansas from 2012 as a model for the GOP to follow in its national tax plan. Thing is, the five years since those Kansas tax cuts were put in place have not been kind to […]
Differences in the House and Senate versions of the tax bill are solvable, the congressman says.
"Why aren't the other hands up?"
The Trump administration has said that high corporate taxes in the U.S. drive jobs overseas so, in theory, cutting taxes will bring back jobs, or create new ones. But, lower corporate taxes are not at the top of the list for many companies when deciding where to locate a workforce. Click the audio player above […]
Enacting a tax overhaul by year’s end is a prime goal of Trump and Republicans.
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. […]
For some companies, the deduction is key to doing business. For others, it's a fat loophole.
The ingredients used 30 years ago to rewrite the code don't exist today, including shared principles.
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 […]