Democrats slam Trump tax cuts despite US economic strength
House Democrats continue to slam President Trump’s tax cuts as lawmakers mark the six-month anniversary of the Tax Cuts and Jobs Act.
New 1040 tax form will be the size of a postcard
U.S. Treasury Secretary Steven Mnuchin said the Internal Revenue Service will be ready to unveil new tax forms next week.
Rich people in high-tax states are using this strategy to evade SALT caps
Americans are using non-grantor trusts to get around the $10,000 SALT deduction cap.
Trump’s business tax reform efforts may fall short, economists warn
Nearly 40% of multinational profits are shifted to low-tax countries – like Ireland, Bermuda or the Caribbean – each year, researchers find.
Trump wanted to use tax reform to ‘punish’ NFL: report
The president is said to have told White House officials to brainstorm ways to hurt the league over this season’s national anthem protests.
IRS may squash SALT workarounds in high-tax states
Taxpayers are ultimately beholden to federal law when it comes to the characterization of their tax payments, according to the IRS and Treasury Department
Tax cuts 2.0 can be done by November elections: Congressman Brady
The House Ways and Means Committee chair is working closely with President Trump and the Senate to add a second round of reductions, Rep. Brady said.
Legal sports gambling in New Jersey won’t ease tax burden: State Senate president
Supreme Court ruling on sports betting helps, but doesn’t fix anything, New Jersey Senate president said.
Michelin investing billions in US plants, hiring despite trade uncertainty
Company says it has largely sidestepped trade-related turmoil.
Tax reform benefit: These states are seeing a revenue boost
It isn’t just individual Americans, states are also seeing more money thanks to tax reform and a strong economy
Pelosi, Krugman wrong in attacking Trump tax cuts: Famed economist
Renowned economist Thomas Sowell dismissed Democrats who have continued to knock the 2017 Tax Cuts and Jobs Act.
New York City drops minimum wage ‘bomb’ on restaurants
Owners can’t afford increases, according to the CEO of Heartland Brewery.
White House rips famed economist for 'nothing burger' tax remarks
Solid wage growth and capital spending are a result of the tax overhaul, according to top economic adviser Kevin Hassett.
New tax law ‘clobbers’ high-income earners in high-tax states: Varney
FBN's Stuart Varney on AllianceBernstein's plans to move its headquarters from Wall Street to Nashville.
Rubio ‘100% wrong’ to suggest GOP tax law doesn’t help American workers, experts say
Looking at bonuses and buybacks is not the right way to measure the effects of the law, according to economists.
Marco Rubio: ‘No evidence’ Trump tax cuts are helping US workers
Florida senator who lost in presidential bid can’t see a major positive impact.
Trump tax cut could reduce overseas profit hoarding by this much
Before the overhaul, U.S. companies shifted about $300 billion offshore each year.
After Trump tax cuts, most households give thumbs-up to US economy
A University of Michigan survey marks the first time since 2009 that most thought the government is doing a “good job.”
Mnuchin, IRS urge you to check your paycheck
Some individuals could end up with a big bill from the IRS next filing season.
After tax overhaul, mortgage interest deductions seen plummeting
Number of filers expected to take the deduction will drop more than 57%, according to the Joint Committee on Taxation.