Donald Trump’s Tax Cuts Will Save Him Millions of Dollars
Donald Trump at his Trump Tower office in New York in 2013Dan Hallman/AP Looking for news you can trust?Subscribe to our free newsletters. Many of the arguments that Republicans have used to sell their tax bill are completely implausible. There is overwhelming reason to believe, for example, that the tax cut won’t pay for itself. Then there’s President Donald…
Republicans Promised to Simplify the Tax Code. They’re Making It Way More Complicated.
President Donald Trump kisses a printed “postcard” tax form at a White House meeting in November with Speaker Paul Ryan, left, and Rep. Kevin Brady, right.Evan Vucci/AP Looking for news you can trust?Subscribe to our free newsletters. On Wednesday, the House of Representatives officially passed a $1.5 trillion tax cut that permanently helps corporations, while providing temporary…
These 6 Jaw-Dropping Charts Show Just How Much Rich People Will Gain From the GOP Tax Bill
DeanDrobot/iStock Looking for news you can trust?Subscribe to our free newsletters. On Wednesday, House Republicans approved a sweeping $1.5 trillion tax bill that’s deeply unpopular among Americans. The bill now just needs President Donald Trump’s signature to become a law. Recent analyses by the Tax Policy Center and Joint Committee on Taxation agree: The Republican tax plan…
House Republicans Just Passed a Huge Tax Cut for the Rich
Bill Clark/Zuma Looking for news you can trust?Subscribe to our free newsletters. Republicans in the House passed the biggest reform of the tax code in more than 30 years on Tuesday afternoon. The bill was approved on a party-line vote, 227-203 with every Democrat and 12 Republicans voting against the legislation. The bill now heads to the Senate, where…
Most Americans Don’t Believe Trump’s Biggest Lie About the Tax Plan
Dan Anderson/ZUMA Looking for news you can trust?Subscribe to our free newsletters. Less than two weeks before the end of the year, President Donald Trump is set to finally score the first major legislative victory of his presidency, with both the House and Senate planning to pass the Republican tax reform bill on Tuesday. But the…
A New Report Shows Just How Much the Republican Tax Plan Benefits the Richest Americans
Tom/CQ Rollcall/Newscom/ZUMA Looking for news you can trust?Subscribe to our free newsletters. Over the weekend, President Donald Trump said the final Republican tax plan will offer “one of the great Christmas gifts” for the country’s middle class. But according to a new analysis released Monday, the bill really stuffs the stockings of the richest Americans—now and in…