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Gary Cohn and Donald Trump

Gary Cohn: The Trump administration’s $100 billion tax cut idea was ‘killed in 30 seconds or less’

Gary Cohn, the former Goldman Sachs executive and economic adviser to President Donald Trump, said that the administration's plan to index capital gains taxes to inflation "got killed in 30 seconds or less" when it was proposed during his time at the White House.

Trump’s $100 billion tax cut idea would mostly benefit wealthier Americans because of the way rich people make their money

President Donald Trump's administration is reportedly considering a change to how capital gains taxes are calculated. Here's why this would mostly benefit wealthier Americans.
President Donald Trump

A study already threw cold water on the biggest argument for Trump’s $100 billion tax cut

President Donald Trump wants to index capital-gains taxes to inflation, a move that would result in a $100 billion tax cut over the next 10 years. Advocates say it would help boost economic growth, but an analysis by the Congressional Research Service shows that not to be the case.

Trump’s idea for a $100 billion tax cut that would give 97% of its benefit to the wealthy is legally dubious

President Donald Trump wants to index capital gains to inflation, which would cut about $100 billion from taxes over a decade, by adjusting Treasury Department regulations. The only problem is that such a move may be illegal.

Trump is reportedly considering going around Congress for a massive tax cut that would mostly benefit wealthier Americans

President Donald Trump is said to be considering a plan that would index capital-gains taxes to inflation, effectively resulting in a $100 billion tax cut. According to independent analysis, more than 97% of the boost would go to the top 10% of income earners.

Millennials love these popular products — but Trump’s second round of tariffs could make them more expensive for consumers

A second round of tariffs imposed by the White House could impose a 25% tax on products associated with e-cigarette company Juul and e-bike startup Bird.

Here’s what happens with your stuff after you die

Here are all the things you don't want to think about that happen after you die.
President Donald Trump and Fox Business host Maria Bartiromo

Fox News’ Maria Bartiromo is getting slammed for her friendly interview with Trump

The Fox Business host Maria Bartiromo is facing particularly fierce criticism over her latest interview with President Donald Trump, during which she lobbed what critics called softball questions and repeatedly agreed with the president's controversial, false, or misleading statements.

Companies are raking it in from the Trump tax law — and it’s a big win for both Democrats and Republicans

Due to the GOP tax law, S&P 500 companies spent a record amount on share buybacks and capital expenditures. These spending habits support both the Democrats' and Republicans' arguments about the new tax law.

The most vulnerable Republicans in the 2018 midterms are talking less and less about Trump’s tax bill

The most vulnerable Republicans in the 2018 midterms are talking less and less about the recently-implemented GOP tax law. The decrease in messaging comes as polling about the law shows it is unpopular.