Those cuts have to be paid for, and the president may have trouble getting Republicans on board.
The chairman of the House Ways and Means Committee believes the government won't shut down Friday.
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 […]
The GOP health plan includes $600 billion in tax cuts for the health industry and wealthy Americans.
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 […]
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 […]
When you think of Tibet, you probably don't think of private equity. Nonetheless, some investment companies are moving there, lured by big tax breaks.