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Some experts say the tax cuts, if accurately accounted for, could translate into slower economic growth and bigger budget deficits in the long run. [Read More]
A daylong debate over taxes devolved into an angry shouting match as Senators Orrin Hatch and Sherrod Brown sparred over whether the bill favored the... [Read More]
In a blow to Senate Republicans, an analysis of their plan released Thursday projected the bill would actually raise taxes on low-income Americans within a... [Read More]
Tax overhaul still faces significant obstacles, as Republicans seek to align the legislation that is expected to pass the House with a version from the... [Read More]
Analysis reports on taxpayer liability by income group, not on individual basis... [Read More]
The nonpartisan congressional Joint Committee on Taxation said an amended Senate tax bill would effectively raise taxes on low-income Americans by 2021. [Read More]
The House tax bill, which passed on Thursday, is different in some significant ways from the Senate bill, which must still be voted on. The... [Read More]
The tax overhaul still faces significant obstacles, and muse be made to align with a bill that is working its way through the Senate Finance... [Read More]
Susan Collins, Bob Corker have voiced their own concerns... [Read More]
Democrats attacked Republicans for proposing a repeal of the health care individual mandate and for imposing a 2025 expiration date for individual tax cuts, while... [Read More]
Uncertainty gripped the Senate on Wednesday over efforts to pass a sweeping $1.5 trillion tax cut after a Wisconsin Republican became the first senator in... [Read More]
The possibility appeared more likely after the Congressional Budget Office warned that the tax bill could set off a rule that would make cuts to... [Read More]
Senator Ron Johnson of Wisconsin said he opposed both the House and Senate tax plans as written, posing a new obstacle to Republican leaders eager... [Read More]
As Republican lawmakers worked toward a delicate compromise on a $1.5 trillion tax cut, President Trump threw himself back into the discussion Monday, suggesting that... [Read More]
President Trump took to Twitter to suggest that Republicans cut taxes even further by repealing the Affordable Care Act's mandate that most people have health... [Read More]
Senate Republicans outlined their vision on Thursday for overhauling the tax code, proposing a one-year delay in President Donald Trump's top priority of cutting the... [Read More]
The Ways and Means Committee was expected to approve the tax bill on Thursday, but party leaders still needed to make adjustments to the legislation. [Read More]
The House and Senate tax bills diverge in some key areas, suggesting a long road ahead to come to agreement on a final version. [Read More]
But the measure would keep deductions for mortgage interest, medical expenses... [Read More]
Senate Republicans, eager to prevent large multinational corporations from stashing profits overseas, will propose a new business tax on U.S. and foreign companies as part... [Read More]