Tax Reform

Two U.S. Democratic politicians asked a government watchdog on Monday to scrutinize implementation of President Trump's tax law, warning that the administration could use new tax guidelines to create the appearance of a large middle-class tax cut ahead of the 2018 mid-term elections.

Aquesta Bank CEO Jim Engel on Monday said that President Trump’s tax plan was the main “driver” in helping the bank raise the company minimum wage to $15 per hour and giving $1,000 cash bonuses to all of its employees.

Employees learned of the new policy in a recent memo from Visa CEO Al Kelly.

In New Jersey and California, top Democratic officials want to let people make charitable contributions to the state instead of paying certain taxes.

Wall Street sure loves the tax bill, even if polls show most Americans don't.

White House National Economic Council Director Gary Cohn weighs in on corporate America’s response to the tax package.

Morgan Stanley said on Friday it would take a $1.25 billion hit in its fourth-quarter earnings due to a cut in corporate tax rate as part of the U.S. tax code overhaul.

While President Donald Trump catches a lot of flak for his frequent trips to the golf course, a provision included in the recently-approved tax reform bill could severely harm the U.S. golf industry.

U.S. construction spending rose to an all-time high of $1.257 trillion in November, the Commerce Department said on Wednesday, as the construction sector overall gears up for a boom in 2018.

Federal Reserve officials debated whether new tax cuts approved by Congress would require them to raise short-term interest rates faster this year, after lifting them three times last year.

The New Year could be another big one for the economy and the markets, experts say, thanks to a recently-approved tax reform bill that could shake up the business environment in the U.S.

Kellyanne Conway, Counselor to U.S. President Donald Trump, discusses corporate America’s reaction to the tax reform package.

Tax reform and inflation were likely hot topics at the Fed's last meeting.

FBN's Stuart Varney weighs in on U.S. tax reform.

Here's how the U.S. tax system is changing for 2018 and beyond.

BP P.L.C. said on Tuesday that it will incur a $1.5 billion charge due to changes in the U.S. tax code, the latest global firm to forecast a near-term earnings blow as a result of the recently-approved U.S. legislation.

BP PLC said Tuesday that it expects recent changes to U.S. corporate taxes to boost its future earnings, but it will take a one-off $1.50 billion charge due to the revaluation of deferred tax assets and liabilities.

A 2.3 percent tax on the sale of medical devices went back into effect on Monday after a two-year suspension, despite opposition by U.S. lawmakers and the medical manufacturing industry.

Some political pundits warned of market turmoil if Donald Trump made it to the White House.