Home Tags Trump Tax Plan

Tag: Trump Tax Plan

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.
President Donald Trump and Rep. Kevin Brady

Republicans want to use a second round of tax cuts to put Democrats between a rock and a hard place

Republicans want to try and pass a second tax bill before the midterms to force Democrats to make a hard choice on whether to give the GOP a political victory.

How much money you actually take home from a $75,000 salary under Trump’s new tax law, depending on where you live

President Donald Trump's tax law boosts take-home pay for about 90% of Americans. Here's what people who earn $75,000 bring home in New York and San Francisco.
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.
Donald Trump throwing out the first pitch at a Red Sox-Yankees game in 2006

A small provision in the GOP tax law could soon become a nightmare for the NBA and MLB

Trade in professional sports leagues like the MLB and NBA are now subject to taxes, but no teams know exactly how much to pay the government.

Republicans just passed the biggest tax cuts in 30 years — and now they’re talking about another round

President Donald Trump and some top Republicans want to try and pass a second tax cut, just months after passing the biggest in 30 years.
President Donald Trump and House Speaker Paul Ryan

The Pennsylvania special election shows that the GOP’s signature issue may not help Republicans in the midterms

Republicans eased up on touting the tax law in the Pennsylvania special election, and it could be a worrying sign for the 2018 midterms.

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.