President Joe Biden’s “Build Back Better” plan, which is currently stalled in the U.S. Senate, has drawn even more questions about controversial items in the proposed $2 trillion bill.
World leaders hurried to explain their assets after millions of documents revealed their secret dealings in most extensive investigations of leaked offshore documents in history.
In another move towards a unified tax system, Germany’s finance minister said Saturday that all Group of 20 (G20) nations back global tax reform.
The Trump administration urged the Supreme Court to strike down the Affordable Care Act in its entirety in a new legal brief filed late Thursday night.
While the nation was riveted with the testimonies of Christine Blasey Ford and Supreme Court nominee Brett Kavanaugh last week, the US House of Representatives was busy passing a legislative package known as ‘Tax Reform 2.0.’
The number of electric, gas and water utilities cutting customer charges due to the recently passed Republican tax cuts has passed 100, and the total savings is about $3 billion.
Less than six months old, the tax reform law championed by President Donald Trump is already fueling an increasingly positive economic outlook for state governments across the country.
Sen. Ted Cruz (R., Texas) introduced comprehensive legislation Tuesday that would make the lowered individual tax rates included in the Tax Cuts and Jobs Act permanent.
Obamacare’s future is once again in jeopardy, thanks to one of the law’s most stubborn opponents — the U.S. Constitution. Twenty states are suing the federal government in Texas on the grounds that, since Congress zeroed-out the penalty for the individual mandate, the law is no longer constitutional.
National Economic Council Director Gary Cohn announced Tuesday that he is resigning.
Calling the Trump administration’s tax reform plan a ‘middle-class tax increase,’ two California lawmakers introduced a bill that would force large companies to fork over half of their expected savings to the state.
Sen. Ted Cruz (R., Texas) has introduced a bill that would make the individual tax cuts included in the Tax Cuts and Jobs Act permanent.
The number of companies offering employee bonuses, pay hikes, and increases in benefits in reaction to President Trump’s December tax reform victory is now over 100, with thousands of workers impacted and charities too.
Multiple companies announced Wednesday they plan to reward employees with higher wages and bonuses due to the tax bill passed by the Republican-led Congress.
House Republicans late Tuesday had little time to celebrate their pending victory on tax reform, and instead were scrambling to come up with a bill to keep the government open past Friday’s deadline.
Vice President Mike Pence will postpone his trip to Egypt and Israel until after the Senate votes on the GOP’s tax reform bill, according to a statement released by his team Monday.
The House-Senate conference committee working to finalize a tax bill will meet publicly Wednesday to work on the final version of the legislation, chairman Kevin Brady of Texas announced Friday, and GOP members are also expected to work through the weekend to reach an agreement.
A top House Republican said Democrats need to make concessions that make them ‘wince’ in order to get a vote on two Obamacare stabilization bills.
Senate Republicans negotiated changes to their tax reform legislation Monday, with leadership working to alter the bill to win the support of their conference members and then quickly pass it later this week.
House and Senate Republicans will take up separate tax reform proposals next week as they race to complete legislation by the end of the year.