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Trump's idea for a $100 billion tax cut that would give 97% of its benefit to...
President Donald Trump's administration is considering adjusting Treasury Department regulations to index capital-gains taxes to inflation.Such a change would result in a roughly $100 billion tax cut...
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A study already threw cold water on the biggest argument for Trump's $100...
President Donald Trump is considering a plan to index capital-gains taxes to inflation, which would result in a $100 billion tax cut that would mostly benefit wealthy Americans.One of the arguments for...
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Gary Cohn: The Trump administration's $100 billion tax cut idea was 'killed...
Gary Cohn, President Donald Trump's former top economic adviser, told Bloomberg that the administration's plan to index capital gains taxes to inflation "got killed in 30 seconds or less."The plan...
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Trump confirmed that his administration may try a legally dubious maneuver to...
President Donald Trump told Bloomberg that he is considering indexing capital gains taxes to inflation.The move would result in a $102 billion tax cut over the next 10 years that would overwhelmingly...
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Gary Cohn confirmed a major revelation about the GOP tax bill fight from Bob...
Gary Cohn, President Donald Trump's former top economic adviser, said the president originally wanted to raise the top marginal tax rate to 44% as the GOP tax bill was being crafted.The rate was...
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One of Republicans' biggest promises about their tax law is coming apart at...
The Treasury Department reported that the budget deficit grew to $779 billion in fiscal 2018.A primary reason for the increase in the deficit was a decrease in revenue due to the GOP tax law.The...
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Trump is already backtracking on his promise for a 'very major tax cut'...
President Donald Trump said Republicans would roll out a middle-class tax-cut plan before the midterm elections in November.The suggestion reportedly took GOP leaders by surprise.Such an effort would...
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Trump's bewildering new tax cut proposal is 'the height of cynicism' and an...
The GOP was counting on the GOP tax law passed in December to be a cornerstone of their midterm election strategy.But the bill is wildly unpopular, and most Americans believe it benefits the wealthy...
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So far, it doesn't look like the GOP tax law has prompted the investment boom...
Republicans promised that the Tax Cuts and Jobs Act would lead to a boom in US business investment.A new survey from the National Association for Business Economics showed that few companies said they...
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Paul Ryan says one of his biggest regrets is the ballooning federal deficit....
House Speaker Paul Ryan is retiring at the end of the current Congress, in January, after taking over as speaker in October 2015.Ryan said one of his biggest disappointments as speaker was not...
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JPMorgan is sliding after booking its worst quarter for bond trading since...
JPMorgan's fourth-quarter profit grew massively, but still missed Wall Street estimates.Last year's profits were impacted by the passage of the new tax code.Watch JPMorgan trade live.JPMorgan was...
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Buybacks are a $1 trillion political hot potato — here's why politicians and...
2018 saw record share buybacks by S&P 500 companies following the GOP's tax cuts with more than $1 trillion in stock bought back. Bernie Sanders and former Goldman Sachs CEO Lloyd Blankfein have...
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Trump administration officials are said to be considering a tax cut for...
Several Trump administration officials are weighing whether to propose a temporary payroll tax cut to inject more consumer cash into a weakening economy, according to The Washington Post.The Post...
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'Too much wealth is in too few hands' — Michael Bloomberg slams Trump's tax...
The Democratic presidential candidate Michael Bloomberg wrote in a Marketwatch column this week that President Donald Trump had broken his economic promises and enriched the wealthy at the expense of...
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Trump called on Democrats to pass a 'simple' tax cut to stimulate the economy...
President Trump pressed Democrats on Monday night to pass a "simple' tax cut and said it would boost the middle class' finances."The Democrats in the House should propose a very simple one year Payroll...
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'The era of tax cuts is over': The wealthy US 'investor class' will have to...
The "investor class" that reaped the benefits of President Donald Trump's 2017 tax cut will likely pay for much of the government's coronavirus stimulus, Jim Millstein, co-chairman at Guggenheim...
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The White House is reportedly weighing whether Trump can sidestep Congress...
The White House is studying whether it has authority to sidestep Congress and cut taxes unilaterally, The New York Times reported.Congress holds power to set tax policy and waive taxes, and any measure...
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Trump's latest COVID-19 relief proposal is just another tax cut for the...
President Trump rolled out a series of executive orders that are theoretically designed to help ease the economic burden of the coronavirus pandemic for Americans.But the orders — from the meager...
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The poorest 20% of Americans will likely see a 20% income boost thanks to...
Summary List PlacementUnder President Joe Biden's $1.9 trillion pandemic relief bill, poor Americans could expect a significant boost to their incomes, while the richest of the rich should expect,...
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ProPublica's bombshell tax investigation reportedly has lawmakers eyeing...
Summary List PlacementA ProPublica investigation into the tax records of the richest people in the US, which showed that some avoided paying federal income tax even as their wealth grew, has renewed...
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