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Meet the man who could determine your tax bill next year
All the promises coming from the Trump administration and the Republican leadership in Congress about plans to enact a massive rewrite of the federal tax code have been greeted with caution by much of...
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Trump is clinging to a tax-cut promise that almost no other Republican thinks...
President Donald Trump appears to be on an island when it comes to his desire to fulfill one of his biggest campaign promises.Since 2015, Trump has advocated that the federal corporate tax rate be...
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Trump tax overhaul under intensifying fire as Congress readies bill
WASHINGTON (Reuters) - President Donald Trump's plan for overhauling the U.S. tax system faced growing opposition from interest groups on Sunday, as Republicans prepare to unveil sweeping legislation...
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The GOP tax bill kills a $7,500 electric-vehicle credit — and that's terrible...
The GOP tax bill eliminates a $7,500 federal electric-vehicle tax credit.The credit would go away immediately, not be phased out.The credit has been seen as a major driver of EV sales.The just-unveiled...
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Republicans quietly added a provision to their tax bill that would hurt...
House Republicans unveiled their tax reform plan on Thursday, which includes a modest expansion of the child tax credit.But under the proposal, undocumented immigrants will no longer be eligible for...
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Carmakers are fighting for a $7,500 electric-car credit that the GOP tax bill...
The GOP tax bill would eliminate a $7,500 tax credit for electric vehicles.Some consumers rely on the incentive to afford electric cars, which are still more expensive than gas-powered vehicles because...
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Trump's tax cuts will only temporarily boost the economy — and send debt...
The Republican tax plan was announced last week. Credit rating agency Fitch says the bill would only temporarily boost the economy while raising debt levels 120% of GDP.It’s uncertain what if anything...
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Why the numbers aren't adding up for the Republican tax bill
Members of the House Ways and Means Committee face a revenue hole of at least $74 billion after making a change to their tax plan.As they try to account for the discrepancy, they face challenges in the...
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The GOP Senate's tax plan would make sexual harassment cases more costly for...
In their tax proposal, Senate Republicans are eliminating tax deductions for payments made by businesses in relation to sexual harassment settlements. Advocates of the move say it will discourage...
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Trump reportedly believes that a government shutdown might score him...
President Donald Trump reportedly believes that a government shutdown could be politically beneficial for him.Trump said he would blame Democrats if a partial government shutdown was...
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Critics lay into John McCain over his support of the GOP tax bill
Republican Sen. John McCain is taking heat from critics, who say he flip flopped by voting for the GOP tax bill. In recent months McCain has called for bipartisanship and regular order in the Senate...
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Top GOP senator gets blasted after saying taxpayers spend their money on...
GOP Sen. Chuck Grassley argued that getting rid of the estate tax would reward those who spend their money responsibly. Grassley, who has long argued, despite scant evidence, that the "death tax"...
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The Senate tax bill has clear winners and losers — here's who will save and...
Consumer Reports has no financial relationship with advertisers on this site.The Senate passed its version of a wide-ranging tax bill (PDF) early Saturday, with Republicans characterizing it as a win...
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The 11 worst cities for homeowners if the GOP tax plan passes
Republicans have reached a preliminary agreement on their tax bill, meaning the US tax code could soon be overhauled. The tax bill would limit the property tax deduction to $10,000 a year; currently,...
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Trump is dismantling Obama's biggest legacy — here are the most significant...
President Donald Trump has said he believes climate change is a hoax.So it's no surprise that Trump's EPA administrator, Scott Pruitt, is working to roll back the Clean Power Plan— former President...
View ArticlePAUL KRUGMAN: The GOP tax plan probably won't help the economy
Business Insider senior editor Josh Barro sits down with Paul Krugman, a Nobel Prize-winning economist and distinguished professor of economics at the Graduate Center of the City University of New...
View ArticleA Nobel Prize-winning economist says Trump tax reform won't help US workers...
Business Insider senior political correspondent Josh Barro sits down with Paul Krugman, a Nobel Prize-winning economist and distinguished professor of economics at the Graduate Center of the City...
View ArticlePAUL KRUGMAN: Trump can't take credit for the soaring stock market
Business Insider senior editor Josh Barro sits down with Paul Krugman, a Nobel Prize-winning economist and distinguished professor of economics at the Graduate Center of the City University of New...
View ArticleA Nobel Prize-winning economist says Trump's tax plan won't crash the economy
Business Insider senior political correspondent Josh Barro sits down with Paul Krugman, a Nobel Prize-winning economist and distinguished professor of economics at the Graduate Center of the City...
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The GOP tax bill is a huge gift to the US auto industry
The GOP tax bill should increase consumers' ability to buy new cars.The bill will also support elevated transaction pricing.By extending a sales boom, however, the bill could set the US market up for a...
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