Poor Americans don't fare well under Trump's tax cut plan - Las Vegas Sun

WASHINGTON — President Donald Trump promised Americans "the largest tax cut in our country's history." But for low-income households, Trump's plan would amount to crumbs. The poorest would get an average tax cut of about $60 a year, according to an ...

Republicans move on tax reform - The Guam Daily Post

PROCEDURAL STEP FORWARD: The U.S. flag flies in front of the Capitol Dome. Joshua Roberts/Reuters. WASHINGTON – Congressional Republicans moved to hasten an overhaul of the U.S. tax code on Thursday, while Federal Reserve officials warned ...

Which "Burg" Is It?: Residents respond to White House Harrisburg/Hamburg confusion - WFMZ Allentown

"He'll be visiting Hamburg, Pennsylvania, on Wednesday," said White House Press Secretary Sarah Huckabee Sanders on Friday. Immediately, the news spread through the Berks County hamlet of just over 4,000 people. "I thought that would be pretty cool, ...

Editorial Roundup - Caledonian Record

Opioid addiction has developed such a powerful grip on Americans that some scientists have blamed it for lowering our life expectancy. Drug overdoses, nearly two-thirds of them from prescription opioids, heroin and synthetic opioids, killed some 64,000 ...

Trump's actually visiting Harrisburg, not Hamburg, to tout tax plan - PhillyVoice.com

President Donald Trump is actually set to promote his tax plan next week in Harrisburg, not the small Berks County town initially announced as Trump's destination by Press Secretary Sarah Huckabee Sanders. "The president will be back out on the road ...

Trump's tax cuts look vague and timid - ClickLancashire

Meanwhile, Sen. Mike Lee has stated that he will fight for the elimination of local and state tax deductions that is also part of the controversies surrounding the tax plan. With some legislative skill, the first risk should be surmountable. Fully ...

Will Trump's $5 Trillion in Tax Cuts Mean Anything for You? - The Cheat Sheet

Is there anyone out there who wouldn't enjoy a tax break? If President Donald Trump gets his tax plan approved, the tax breaks will come — at least according to the president. Trump is intent on authoring tax reform that will make the whole process ...

Trump to boost tax cut plan in Pennsylvania next week - WTHR

WASHINGTON (AP) — President Donald Trump is heading to Harrisburg, Pennsylvania, next week to make his case for an overhaul of the nation's tax code. White House spokeswoman Sarah Huckabee Sanders said Friday the plan "is really a jobs bill.

Why It Makes Sense that State and Local Taxes Are Deductible - Gears Of Biz

Republicans have proposed eliminating the deductibility of state and local taxes (SALT) for federal income tax purposes. In their portrayal, the deduction is just another loophole in the tax code — a way for taxpayers to avoid handing to the IRS what ...

Report: GOP tax framework offers most benefit to Louisianans making $568200 a year - bestofneworleans.com

In a new report that analyzed the nine-page tax reform framework released Sept. 27 by Congressional Republican leadership, the nonprofit Institute on Taxation and Economic Policy (ITEP) found that 63.7 percent of the framework's tax cuts would go to ...

The Independent Investor: Tackling Taxes - iBerkshires.com (blog)

President Donald Trump introduced a flurry of tax proposals last week. Tax reform, as well as tax cuts, was included in his plan. Give him an "A" for effort in tackling something that no politician has dared to do since Reagan. Naturally, depending ...

GOP, Dems differ on effects of proposed tax cuts - WOODTV.com

GRAND RAPIDS, Mich. (WOOD) — A blueprint for tax reform is emerging from the U.S. House of Representatives. Republicans are promising lower rates for the middle class and relief for working Americans, but Democrats claim that the GOP budget ...

A discrete tax reform - AL DIA News

Between the disaster left by hurricanes Irma and Maria, and Las Vegas' shooting, the Republican-led tax reform seems to have been passed under the table. Shares. Share. Tweet. Share. Pin. Share. Email. A discrete tax reform. Shares. Share. Tweet. Share.

Congress Wants to Eliminate the State and Local Tax Deduction. What's That? - TIME

Congress is beginning to debate major changes to the tax code that could affect your tax return as early as next year. For now, the nine-page framework that Republicans have released on their plans for tax reform sketches only the broadest outlines of ...

Trump's 'tax reform' is more regressive than even Reagan's - The Hill

Stung by their inability to repeal and replace ObamaCare, Republicans in Washington have gleefully turned their attention to taxes and the budget. While touting “tax reform,” Senate Republicans have just released a budget outline that makes a mockery ...

Are red low-tax states like ND subsidizing blue high-tax states like MN through the tax code? - INFORUM

"We want to get the federal government out of the business of subsidizing the states."-Treasury Secretary Steve Mnuchin, interview on ABC's "This Week," Oct. 1, 2017. "Is it fair that other states subsidize states that have high state taxes?"-House ...

GOP budget hawks lay low as party pushes tax plan that experts say will send deficit soaring - Dallas News

WASHINGTON — Dallas Rep. Jeb Hensarling is a deficit hawk who has long bemoaned the "fiscal insanity" of a national debt that's now above $20 trillion. The Republican displays a real-time national debt clock in the hearing room of his House Financial ...

The GOP Tax Reform Plan Has A Huge New Flaw - Fortune

The Republican Party has long championed granting companies a giant tax break for plowing funds into new plants, productivity-enhancing equipment, and groundbreaking IP. Indeed, no tax reform measure would do more to recharge America's tepid growth ...

Why some middle-class families could face a tax increase under the GOP plan - Washington Post

President Trump has often called his tax plan a "tax cut," and an early analysis suggests it will be a modest one for most Americans. But it's increasingly clear that it will probably be a tax hike for a sizable portion of the middle class, a ...

The Republican Plan to Rob America - The Nation.

The Republican tax plan is a lie. It's being sold with the promise that the tax cut will create jobs and growth. In fact, the Republican tax cuts, if passed, will become the major obstacle to the very investments vital to generating good jobs and ...