tax cuts

Stories 1 - 20 |  Next >>

Trump to Mar-a-Lago Friends: 'You All Just Got a Lot Richer'

Friends tell CBS he made comment while dining with friends at his resort

(Newser) - Just hours after signing a tax reform bill into law, President Trump told friends at his so-called "Winter White House" estate of Mar-a-Lago that "You all just got a lot richer," reports CBS News , citing "two friends at a table near the president's." The... More »

Key Differences Between House, Senate Tax Bills

2 chambers will have to craft a compromise

(Newser) - The Senate passed a nearly $1.5 trillion tax overhaul early Saturday after some late changes were made to the bill. The House passed a nearly $1.5 trillion tax bill two weeks ago that differs in key respects, and the two chambers will have to craft a compromise to... More »

On Trump's Desk by Christmas? Senate Passes Tax Bill

On a 51-49 vote

(Newser) - It passed in the wee hours, and by a wee margin: The Senate passed the biggest tax overhaul in more than 30 years Saturday morning 51-49. Tennessee's Sen. Bob Corker was the only Republican to side against the bill. With the House having passed its bill in November, Congress... More »

McConnell on Tax Bill: We've Got 50 Votes

Senate majority leader says GOP leaders convinced enough holdouts

(Newser) - "We have the votes." So declared Mitch McConnell Friday on the GOP's bid to push a $1.4 trillion tax bill through the Senate. The final vote in the chamber is expected to come later Friday. The Senate majority leader's comment came soon after the No.... More »

McCain Could Have Another Thumbs-Down Moment

Senate vote on tax bill might be a close one

(Newser) - Perhaps not for the first time , President Trump may be regretting his digs at John McCain, given that the Arizona senator could decide the fate of the GOP tax bill. In order to pass the Senate, all GOP senators but two need to vote yes. Though vocal critics Bob Corker... More »

Second Republican Opposes Senate Tax Plan

Steve Daines joins Ron Johnson

(Newser) - As the Republican leadership in the Senate races to pass a sweeping tax reform bill this week, they're running into opposition from their own members. Two weeks ago, Wisconsin Senator Ron Johnson came out against the bill in its present form, saying it favors large corporations over small businesses,... More »

Trump Gets Big Win on Taxes

House passes Republican tax-cut bill

(Newser) - In a victory for President Trump, the House successfully passed its version of the Republican tax-cut plan Thursday, the Los Angeles Times reports. All Democrats and 13 Republicans voted against the bill, giving it a 227-205 win. "Passing this bill is the single biggest thing we can do to... More »

Do You Win or Lose? 8 Things in GOP Tax Plan

Your 401(k) is safe

(Newser) - The name "Cut, Cut, Cut Act" has been, well, cut, and that's not all. GOP House leaders are releasing what the Washington Post reports will be called the "Tax Cuts and Jobs Act," and details are emerging on precisely what's in it. Here are 8... More »

House GOP Won't Cut Taxes for Wealthiest Earners

But corporate tax rate will be slashed from 39% to 20%

(Newser) - Furiously working to finish a tax bill, House Republicans have decided to keep the income tax rate for the wealthiest earners in the face of Democratic criticism that the overhaul pushed by President Trump would benefit the rich. The GOP blew past its self-imposed deadline for public release, with the... More »

Trump Says No One Will Lay a Hand on Your 401(k)

President seemed to be responding to a 'NYT' report that suggested otherwise

(Newser) - President Trump promised Monday there will be "no change" to tax incentives for the popular 401(k) retirement programs. "This has always been a great and popular middle class tax break that works, and it stays!" Trump tweeted . The AP reports the president appeared to be responding to... More »

Dow Makes History

It reaches 23K for the first time

(Newser) - Expect some presidential tweets after this: The Dow reached 23,000 for the first time in its history Tuesday morning. President Trump has been boasting of late about the stock market's rise during his presidency, and MarketWatch reports that the most recent surge seems to be tied to Wall... More »

Trump's Possible Savings With New Tax Plan: $1B

'NYT' runs some numbers, finds tax proposal might prove very good for Trump

(Newser) - It's hard to know for sure, but President Trump may save a pretty penny if his administration's "once in a generation" tax proposal goes into effect, despite Trump insisting earlier this week the plan is "not good for me." The New York Times put Trump'... More »

Trump Pushes Huge Tax Cut, but There's One Big Problem

GOP lawmakers worried about the deficit may not play along

(Newser) - President Trump promises to outline his tax proposals on Wednesday, and the big headline in advance is that he wants to cut the corporate tax rate dramatically from 35% to 15% even if that raises the national debt. Here's a look at the ramifications, along with other aspects of... More »

Boehner Calls Off Plan B Vote, Short of GOP Support

Fiscal cliff gets a little more chaotic

(Newser) - Just what the fiscal cliff needed: more chaos and drama. House Republicans called off tonight's vote on John Boehner's Plan B legislation because he didn't have the support to pass it from within his own party, reports the Hill . The bill, which would have extended the Bush-era... More »

Boehner to Obama: Let's Make a Deal

He's willing to accept 'new revenue' but not higher tax rates

(Newser) - It seems like a start anyway. John Boehner and the White House are at least talking about talking in regard to a deal to avoid the fiscal cliff , reports the Wall Street Journal .
  • Boehner: “For purposes of forging a bipartisan agreement that begins to solve the problem, we’re
... More »

Romney's Real Foe: This Guy

Ezra Klein: His policies are depressingly similar to George Bush's

(Newser) - Romney's biggest problem this election season isn't Barack Obama; it's George W. Bush, argues Ezra Klein at Bloomberg . It's Bush, not Obama, "who has made voters skeptical of many of Romney's core policies." Yet when asked directly how he contrasted with Bush at... More »

The Payroll Tax Cut Is Doomed

No matter who wins in November

(Newser) - No matter who wins in November, your taxes are probably going up next year. That's because Congress has basically no interest in extending the payroll tax holiday that was so hotly contested earlier this year, the New York Times reports. Negotiators are fixated on the so-called "fiscal cliff,... More »

Romney Tax Plan 'Mathematically Impossible'

Non-partisan analysis says numbers don't add up

(Newser) - Mitt Romney has said that he has an economic plan and he's "not afraid to put it on the table." But the truth is that "the only thing he has put on table is dessert," writes Ezra Klein on Bloomberg . Romney says he'll cut... More »

White House: Stubborn GOP Will Cost You $1,600

Democrats, Republicans trade tax cut barbs

(Newser) - In its ongoing effort to extend the Bush tax cuts for (and only for) the bottom 98% of households, the White House today released a report calculating that the average family making less than $250,000 a year would see their taxes go up $1,600 if a deal isn'... More »

Tax the Rich: Popular in Theory, Not Practice

Republicans manage to fool most voters: Steve Kornacki

(Newser) - Raising taxes on the rich is a popular idea, always performing well when people are polled about it. So why is it so hard to actually put into practice? Because most people don't understand what's actually going on, and the Republicans are to blame for that, explains Steve... More »

Stories 1 - 20 |  Next >>