Posts Tagged ‘tax reform’
Trump policy adviser: ‘That’s the plan: Try to pass a tax cut’
Conservative-leaning Heritage Foundation Fellow and Economist Stephen Moore Wednesday during a Politico forum says he would tell President-elect Trump to first focus on slashing business taxes and then follow up later with reforming individual tax rates. Reuters has the details: Trump’s proposal would reduce the official corporate tax rate to 15 percent from 35 percent,…
Read MoreStocks jump to near-record highs on heels of Trump victory
Stock prices jumped Wednesday following President-elect Donald Trump’s election victory and are holding steady after dropping on Election Day amid uncertainty. USA Today has the story: Traders also appear to be evaluating the potential economic benefits from Trump’s plans to cut taxes and spend money on infrastructure projects that would put Americans to work, Martin…
Read More2016 tax receipts soon will reach record high
The federal government will have raked in almost $3.3 trillion in revenue after fiscal 2016 tax receipts reach a new high, according to the Congressional Budget Office. The Washington Examiner has the details: The feds raked in more than $3.268 trillion for the year, the agency reported in its monthly budget review, $19 billion more…
Read MoreIRS persists in singling out, delaying tea-party groups’ tax-exempt-status applications
Authorities at the Internal Revenue Service after promising to speed up processing on long-in-limbo tax-exempt-status applications of conservative groups is reversing course and doubling down on their demands for additional documentation. The Washington Times has the scoop: More jarringly, the IRS then publicly released one of the sets of questions it sent to the Texas…
Read MoreTax-policy expert: Tax reform needed to ‘revive the slow-growing economy’
Heritage Foundation Tax-and-Economy Research Fellow Curtis Dubay Tuesday explained why Congress must come up with a common-sense tax-reform plan that addresses our lethargic economy and gives it the jump-start it needs to get Americans working again. The Daily Signal has the commentary: Tax reform is badly needed to revive the slow-growing economy and increase job…
Read MoreAmericans ready for tax reform, survey says
U.S. tax-policy reform is on the forefront of Americans minds this year, according to a recent survey – which is not surprising as real-unemployment numbers remain abysmal and Americans continue to tighten their belts. CNBC has the story: That’s the finding of a recent survey of 1,040 individuals conducted by WalletHub, a provider of…
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