Tuesday morning the House Ways and Means Committee held a hearing with major business leaders to discuss “Increasing U.S. Competitiveness and Preventing American Jobs from Moving Overseas.”
Treasury Secretary Steven Mnuchin said Wednesday that he wants to keep the deduction for businesses’ interests costs — a position that’s at odds with the tax blueprint House Republicans released last year.
House Speaker Paul Ryan said Wednesday he hopes a tax reform plan will clear Congress and go to President Donald Trump for signing by the Dec. 23 recess.
Republicans will be able to push through tax reform by the end of this year even as they continue to debate whether or not a final plan will include a border adjustment tax, U.S. House Speaker Paul Ryan said an interview with Axios news outlet on Wednesday.
President Trump’s first budget includes bold proposals to reform how government operates. Getting rid of unnecessary or failing programs would set the government’s finances on a path to fiscal sustainability.
President Trump revealed his first full budget Wednesday morning, and most of the attention rightly focuses on the very large spending restraint proposals.
Treasury Secretary Steven Mnuchin said Tuesday the Trump administration hopes to pass a plan to overhaul the U.S. tax system by the end of the year.
Republicans are trying to stay focused on tax reform amid the barrage of developments related to President Trump’s firing of FBI Director James Comey and the broader investigation into Russian interference in the presidential election.
No matter who you are or what you do, tax laws affect your life every day. And no matter where elected officials are discussing those laws — in Juneau or in Washington, D.C. — Alaskans have to be on the lookout for both opportunities and pitfalls.
The House Ways and Means Committee held a hearing Thursday to examine how tax reform will grow the economy and create jobs, even as the turmoil surrounding the Trump administration threatened the prospects for the first comprehensive tax overhaul in more than three decades.