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.
President Donald Trump’s stopgap budget deal with Democrats is bad news for Republicans hoping to rewrite the tax code.
Republicans have launched their ambitious push to fundamentally overhaul the tax code in what is likely to become a tough policy fight in the months ahead.
President Donald Trump is increasingly fixated on slashing the top corporate tax rate to 15 percent — a level that pretty much no one else working on the issue in the White House or Congress thinks is workable.
President Donald Trump will travel to Mandan, North Dakota, on Wednesday to make his case for the need to reform the tax code, his second such trip in as many weeks.