Senate Republicans are making it clear they’re not going to fall in line behind President Donald Trump’s tax reform plan, despite a months-long effort with House leaders and top administration officials to have a smooth rollout for a major overhaul.
Last week, key Trump administration officials, including Treasury Secretary Steven Mnuchin and top economic adviser Gary Cohn, engaged in additional meetings with Senate Majority Leader Mitch McConnell and members of relevant congressional committees to discuss the path forward for comprehensive tax reform.
As the end of the year nears, some conservative organizations are pushing for tax reform
Following attempts at healthcare reform, we are now seeing efforts at tax reform, a much talked about topic during the 2016 presidential campaign, come to the forefront in Washington, DC.
One of the harder economic concepts to embrace is that tax revenues, as a percentage of GDP, are often lower when rates are higher, and higher when rates are lower. Huh? The reason is that high rates have a multitude of effects, among them: people do not engage in highly-taxed activities; and there is inevitably […]
Sen. Ted Cruz (R-Texas) on Wednesday laid out his priorities for tax reform, including full and immediate write-offs of businesses’ capital investments, a longer budget window for the reconciliation process and the repeal the Dodd-Frank financial reform law.
A U.S. Republican senator involved in U.S. tax reform negotiations said on Monday that he expects to share the Trump tax reform plan with other lawmakers after holding hearings on overhauling the tax code.
President Trump is scrambling the politics of tax reform.
The Trump administration and congressional Republicans are still contemplating ways to reach 60 votes in the Senate for tax reform legislation, a goal that would require a time-intensive outreach to Democrats even as they are pressed for time this year.
He’s not expected to offer details decided upon by the so-called Big Six group of tax negotiators, made up of top people in the administration and key Republicans in the House and Senate.