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Tag: Tax Cuts and Jobs Act

A Democratic congressman is taking the first shot at a repeal of Trump’s tax law

As the new tax cuts ushered in solely by Republicans begin to take effect, one Democratic congressman is unveiling a repeal plan, signaling that President Donald Trump's primary opposition is serious about reversing his signature legislative achievement.

Republicans want to make the individual tax cuts permanent — or at least score a political win in the process

Republicans are preparing to bring up a vote that would make the income tax rate reductions for individuals and families that were slated to sunset in five years as part of the new tax law permanent, attempting to create a win-win scenario that could be politically lucrative.
US President Donald Trump speaks during a roundtable discussion about the Republican $1.5 trillion tax cut package he recently signed into law on April 16, 2018.

One of Trump’s biggest accomplishments could make the next recession worse

It's 'happy hour' in America, the firm says, and a hangover is coming.
A couple embraces in front of a Bank of America sign on a building in Times Square in New York.

Bank of America is gaining ground after earnings

The bank said it paid an effective tax rate of 9%.

Manhattan home sales plunge to the slowest pace since 2009 as buyers fight for bigger discounts

Manhattan's housing market is "resetting," said Jonathan Miller, the CEO of the real-estate appraiser Miller Samuel.
President Donald Trump and House Speaker Paul Ryan

America’s biggest companies are saying exactly what Republicans want to hear about the massive GOP tax law

Many S&P 500 companies plan to spend their savings from the new tax law on investments in their firms — a big win for the GOP and President Donald Trump.
House Speaker Paul Ryan

Republicans made a huge mistake in their tax bill — and they’re scrambling to fix it

Republicans are trying to fix a massive "grain glitch" that was created in the tax bill, but a deal with Democrats isn't as easy as it looks.

TRUMP: ‘Phase 2’ tax cut might be on the way

"Kevin are we going for an additional tax cut, I understand?" President Trump said at a meeting with the Houston Astros at the White House.
An Embraer Legacy 500.

Private jet buyers got a big bonus from Trump’s new tax law

Through bonus depreciation, private jet buyers will not be able to deduct 100% of its cost immediately.

Warren Buffett says proceeds from the GOP tax law made up almost half of Berkshire Hathaway’s gain in 2017

Warren Buffett's Berkshire Hathaway got a $29 billion boost to its net worth from the newly passed GOP tax law.