Trump team rolls out massive tax cut package

Trump team rolls out massive tax cut package Proposal would cut corporate taxes and increase standard deductions Check out this story on USATODAY.com: http://usat.ly/2plCstL WASHINGTON - The Trump administration prepared Wednesday to release a tax reform plan that calls for big corporate rate cuts and an increase in standard deductions, a pricey package that could face an uphill climb in Congress. "This is going to be the biggest tax cut and the largest tax reform in the history of our country and we are committed to seeing this through," Treasury Secretary Steve Mnuchin said during a morning forum sponsored by The Hill .
Posted in Tax

Taking Trump Seriously and Literally

WASHINGTON -- Journalist Selena Zito famously summed up President Donald Trump's 2016 presidential campaign when she wrote, "The press takes him literally, but not seriously; his supporters take him seriously, but not literally." In September 2016 when Zito's apt assessment appeared in The Atlantic, Gallup reported its lowest approval rating ever - of the news media.

Trump Wants to Slash Corporate Tax Rate to 15 Percent

President Donald Trump's zeal to unveil a tax plan before his 100th day in office is raising questions about just how thorough his "tax reform" plans will be, amid signals that his focus for now is on slashing tax rates. Trump has directed aides to move quickly on a plan to cut the corporate income tax rate to 15 percent from 35 percent, a Trump administration official said on Monday.

House Speaker Paul Ryan met with Prime Minister Juri Ratas in Estonia Saturday.

When it comes to Washington's endless tax debates, Erin Calvo-Bacci - a small-time chocolate maker from Swampscott - spells out her frustration in bitter terms. "I've built something and we're surviving," Calvo-Bacci says in national cable TV advertisement, eyes wet and voice cracking, after displaying her signature confection.

I Will Release Plan With ‘Massive’ Tax Cuts Next Week

"The process has begun long ago but it really formally begins on Wednesday", Trump said in a statement issued to CNBC . The Trump administration plans to rely on controversial assumptions about economic growth to offset steep cuts to business and individual tax rates, a chief architect of the plan said Thursday.

Why Trump cannot brush off demands for his taxes

"President Donald Trump lashed out Sunday at the protesters who took part in marches across the country Saturday to demand that he release his tax returns, declaring on Twitter that 'The election is over!' "Trump's comments followed a nationwide Tax March that drew thousands of people in dozens of cities on the country's traditionally recognized deadline to file taxes, April 15." He bizarrely argued: "I did what was an almost an impossible thing to do for a Republican - easily won the Electoral College! Now Tax Returns are brought up again?" The one has nothing to do with the other, of course. Voters didn't put him there to act as an autocrat, responsible to no one.

The Most Taxing Time of the Year

How does tax season make you feel? Angry? Tired? Probably both, but there's a good chance you also felt a bit confused while preparing your returns. And who could blame you? The mind-numbing complexity of the Tax Code, with its myriad deductions, credits and exemptions, can baffle anyone.

IRS Scandal: Time to Prosecute Lois Lerner

The Trump administration is prompting a lot of change in Washington. Now, there's a new call to get to the bottom of the corruption inside the Internal Revenue Service's well- coordinated scheme to target conservative organizations.
Posted in Tax

Celebrate Tax Day The Stephen Colbert WayThe Late Show with Stephen Colbert

Tax Day is officially here, and if you're like most Americans, the IRS-induced stress may have you feeling down; but, just because the government wants your money doesn't mean you have to be blue! From doing undercover tax work to diving into the president's returns, The Late Show has a slew of clipslike Stephen Colbert's plea with Donald Trump to release his taxes in the above video - that are guaranteed to make your day better.

Can States Require Candidates For President To Release Tax Returns? Probably Not.

Over the Easter weekend we saw protesters take to the streets in several American cities on what seems like a rather esoteric, possibly even irrelevant, topic, the fact that Donald Trump has yet to release any of his tax returns: In a Tax Day groundswell of calls for President Trump to release his tax returns, hundreds of protesters marched to Mr. Trump's Mar-a-Lago getaway on Saturday in Florida, and thousands more gathered in Washington and other cities across the country.

Trump: Why are people still talking about my taxes?

US President Donald Trump lashed out at the protesters who took part in marches across the country yesterday to demand that he release his tax returns, declaring on Twitter that "the election is over!" Trump's comments followed a nationwide Tax March that drew thousands of people to dozens of cities on the country's traditionally recognised deadline to file taxes, April 15. As a candidate, Trump declined to voluntarily release his tax returns - a practice followed by other presidential hopefuls since the 1970s - claiming he couldn't do so because he was under audit. Democratic nominee Hillary Clinton hammered him on the subject.

Trump: ‘Who paid for’ rallies seeking release of tax returns

President Donald Trump says "someone should look into who paid" for the rallies around the country Saturday that urged him to release his tax returns. Trump tweeted Sunday: "I did what was an almost an impossible thing to do for a Republican-easily won the Electoral College! Now Tax Returns are brought up again?" Trump was the first major-party nominee in more than 40 years not to release his returns and he reneged on a campaign commitment to release them.

Clashes as Tax Day Demonstrators Demand Trump Release Taxes

Thousands of sign-waving, chanting protesters marched through streets across America demanding that President Donald Trump release his tax returns so the public can examine his business ties and determine whether he has links to foreign powers. The tax day protests in more than a dozen cities Saturday were largely peaceful, though occasionally demonstrators and some pro-Trump groups taunted each other in face-to-face exchanges.

Tax Day demonstrators in US take on Trump, his supporters

Thousands of chanting, sign-carrying protesters took to the streets in cities across the nation Saturday, demanding that President Donald Trump release his tax returns, so Americans can scrutinize his business ties and potential conflicts of interest. Violent clashes were the exception during the largely peaceful demonstrations, but in Berkeley, California, police arrested 13 people and confiscated knives and makeshift weapons after fistfights broke out between factions that support and oppose Trump.