Senate’s Tax Reform Bill Will Give American Families a $1,500 Tax Cut
The Senate plans to introduce their version of tax reform today, which will give a typical American family a tax cut of nearly $1,500, according to a two-page summary of the bill.
Tax Reform
CBO: Obamacare mandate repeal would cut deficit by $338 billion
Repealing Obamacare’s individual mandate would save the government $338 billion over a decade and result in 13 million more uninsured Americans in 2027, according to a new CBO score.
House GOP delays tax bill rollout
House Republicans postponed the much-anticipated rollout of their tax reform proposal Tuesday night, an ominous sign for a direly needed legislative accomplishment for President Donald Trump and his party.
Senate won’t rule out putting repeal of Obamacare individual mandate in tax bill
Some Senate Republicans aren’t ruling out including a repeal of Obamacare’s individual mandate in a tax reform bill even though leaders of the House effort have nixed the idea in their legislation.
Trump tax overhaul under intensifying fire as Congress readies bill
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 that could eliminate some of the most popular tax breaks to help pay for lower taxes.
Report: GOP Tax Framework Could Raise GDP By 5%, Wages By 7%
President Donald Trump’s tax reform framework could raise GDP by as much as 5 percent and wages by as much as 7 percent, according to a new study from Boston University economists.
Trump warns of midterm election trouble if House Republicans fail to move tax reform forward
President Donald Trump told House Republicans on Sunday that if they stand in the way of his push for broad tax reform, it could come back to hurt them in the 2018 midterm elections.
Senate paves the way for tax reform by passing a budget
The Senate passed a 2018 budget resolution late Thursday that will serve as the vehicle for comprehensive tax reform, the Republican Party’s top legislative goal.
House Passes Budget That Achieves Balance, Increases GDP Growth, and Reforms Tax Code
The House of Representatives passed the Building A Better America 2018 budget in a 219 to 206 vote.
Republicans signal compromise to retain state and local tax deduction
Republican leaders are already signaling a compromise on plans to erase a nearly $2 trillion break for state and local taxes, backing down in the face of fierce criticism from Democrats and some blue-state Republicans whose constituents would suffer.
Trump’s tax reform plan: Who are the winners and losers?
President Donald Trump and congressional Republicans unveiled Wednesday their plan for a massive tax overhaul.
Senate GOP Reaches Tentative Deal For 10 Year, $1.5 Trillion Tax Cut
Senate Republicans announced Tuesday that they have struck a tentative deal for sweeping tax reform, with tax cuts totaling $1.5 trillion over 10 years.
Trump sends warning to gridlocked Republicans by meeting with Democrats
President Trump’s decision to hold White House meetings with Democrats on key agenda items has sent a clear message to the GOP that it needs to get moving or he’ll make deals with the minority party.
Trump sticks with 15 percent tax rate and child care credits in Missouri speech
President Trump restated his campaign goals of lowering the corporate tax rate to 15 percent and offering new tax benefits for child care in a speech on tax reform in Springfield, Mo., Wednesday, although he didn’t offer any new details.
Trump on tax reform: ‘I don’t want to be disappointed by Congress’
President Donald Trump on Wednesday touted tax reform as his key to unlocking economic growth and job opportunities — and put the onus on Congress to overhaul the U.S. system.
Ryan seeks unity among House, Senate and White House for tax reform plan
Congressional Republicans working to craft a tax reform package are taking their pitches to major Fortune 500 companies this week, as they look to coalesce support from the business community ahead of an expected legislative push in the fall.
Government Collects $2.5 Trillion In Taxes In First Three Quarters of FY 2017
The federal government collected approximately $2.5 trillion in taxes in the first three quarters of fiscal year 2017, but the federal government still ran a $523 billion deficit during that time, according to the latest monthly Treasury Department statement.
Trump seeking tax cuts in fall to boost economy
Getting tax cuts through Congress this fall to boost the economy is a bigger priority than overall tax reform, a top White House official said Monday.
Trump Advisers to Meet With Paul Ryan on Tax Reform, Obamacare
Top advisers to President-elect Donald Trump will meet Monday evening with House Speaker Paul Ryan and his policy staff to discuss taxes and other policy issues, according to two people familiar with the plans.