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Marco Rubio would make the child tax credit more generous but also make it so the corporate tax rate is cut only to 22% instead of 20%.
A little-publicized provision in the GOP tax bill could cost clients of investment managers millions of dollars by implementing a new accounting method.
A possible fix for the Senate GOP tax bill could lead to a fight with Trump over his ‘red line’ on tax cuts
Softening the corporate tax cut would help the Senate tax bill get passed, but it would also set up a big fight with President Donald Trump.
The slash in the corporate tax rate to 20% from the current 35% may only last 10 years, and then reverse.
The plan would reduce the corporate tax rate by 3 percentage points each year until it hits the desired 20% rate in 2022.
Trump's Council of Economics Advisers said that just a corporate tax cut could boost GDP growth by 3% to 5% annually, but that's incredibly optimistic.
Foreign holders of US stocks could see a much bigger boost from Trump's tax plan than middle-income Americans, according toa new analysis.
Former Treasury Secretary Larry Summers is firing back at Trump's CEA chair Kevin Hassett over a key paper on the Trump tax plan.
Trump almost pulled the entire tax reform apart because he wanted to cut the corporate tax rate to 15%, not the 20% in the plan.
Lobbyists, special interests, and even the public are going to fight over every inch of Republicans' new tax plan.