Republicans signal compromise to retain state and local tax deduction
Republican leaders are already signaling a compromise on plans to erase a nearly $2 trillion break for state and local taxes, backing down in the face of fierce criticism from Democrats and some blue-state Republicans whose constituents would suffer.
Trump’s tax reform plan: Who are the winners and losers?
President Donald Trump and congressional Republicans unveiled Wednesday their plan for a massive tax overhaul.
Senate GOP Reaches Tentative Deal For 10 Year, $1.5 Trillion Tax Cut
Senate Republicans announced Tuesday that they have struck a tentative deal for sweeping tax reform, with tax cuts totaling $1.5 trillion over 10 years.
Trump sends warning to gridlocked Republicans by meeting with Democrats
President Trump’s decision to hold White House meetings with Democrats on key agenda items has sent a clear message to the GOP that it needs to get moving or he’ll make deals with the minority party.
Trump sticks with 15 percent tax rate and child care credits in Missouri speech
President Trump restated his campaign goals of lowering the corporate tax rate to 15 percent and offering new tax benefits for child care in a speech on tax reform in Springfield, Mo., Wednesday, although he didn’t offer any new details.
Trump on tax reform: ‘I don’t want to be disappointed by Congress’
President Donald Trump on Wednesday touted tax reform as his key to unlocking economic growth and job opportunities — and put the onus on Congress to overhaul the U.S. system.
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