Topics :: taxes

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Winners and Losers Under the Senate Tax Overhaul Proposal

Winners and Losers Under the Senate Tax Overhaul Proposal

By Marcy Gordon | Nov 18
The ultra-wealthy, especially those with dynastic businesses - like President Donald Trump and his family - do very well under a major Republican tax bill moving in the Senate, as they do under legislation passed this week by the House.

Trump Barges into Tax Debate, Seeks Deeper Cut for Wealthy

Trump Barges into Tax Debate, Seeks Deeper Cut for Wealthy

By Kevin Freking and Marcy Gordon | Nov 13
President Donald Trump on Monday barged into congressional Republicans' carefully calibrated work on revamping the nation's tax code, calling for a steeper tax cut for wealthy Americans.

Schumer: Tax Plan Spells Trouble for Republicans

Schumer: Tax Plan Spells Trouble for Republicans

Nov 10
Minority Leader Chuck Schumer is warning Republican colleagues in the House not go through with the current GOP tax cut plan, because the same considerations are not being put in on the Senate side.

GOP Tax Bill Would Kill Deduction for Student Loan Interest

GOP Tax Bill Would Kill Deduction for Student Loan Interest

By Maria Danilova | Nov 8
Millions of Americans would lose the ability to deduct up to $2,500 in student loan interest under the Republican tax bill, a proposal that education advocates say will make college less affordable.

In High-Tax States, Worries About Pain from GOP Tax Plan

In High-Tax States, Worries About Pain from GOP Tax Plan

By David Porter and Geoff Mulvihall | Nov 7
Homeowners in high-tax states are wondering whether the Republican bill being sold as a tax cut would actually result in higher bills for them.

AP FACT CHECK: Trump and the Not-So-Middle-Class Tax Cut

AP FACT CHECK: Trump and the Not-So-Middle-Class Tax Cut

By Calvin Woodward and Josh Boak | Nov 6
Republicans can't say it enough - the tax plan on the table is for the middle class. But the numbers tell the tale of a tax cut tilted to the rich.

Why Tax Plan Might Not Put U.S. Firms' Overseas Cash to Work

Why Tax Plan Might Not Put U.S. Firms' Overseas Cash to Work

By Paul Wiseman | Nov 5
The House Republican tax bill is meant to send trillions in corporate profits overseas pouring back home and, in the process, give the U.S. economy a healthy boost.

GOP Tax Plan May Offer Little Aid for Many in Middle Class

GOP Tax Plan May Offer Little Aid for Many in Middle Class

By Josh Boak | Nov 4
Many of the benefits for the middle class in the House GOP tax plan could dwindle over time, even while companies and wealthy individuals could enjoy lasting tax advantages.

Tea Party Groups Settle Lawsuits Over IRS Mistreatment

Tea Party Groups Settle Lawsuits Over IRS Mistreatment

By Sadie Gurman | Oct 28
The Trump administration has settled lawsuits with tea party groups that received extra, often burdensome scrutiny when applying for tax-exempt status.

Ryan, Pelosi Divided as House Budget Passage

Ryan, Pelosi Divided as House Budget Passage

Oct 27
The House narrowly passed a GOP budget on Thursday. Speaker Paul Ryan expressed enthusiasm, while Minority Leader Nancy Pelosi said it was "drawing a line in the sand" between the middle class and extremely wealthy.

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