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Americans should strongly support the tax reform bill passed by the House of Representatives . The final legislation to which both chambers agree will change, but the great majority of individuals, families and businesses will see lower tax bills because of the legislation.
Uncertainty gripped the Senate on Wednesday over efforts to pass a sweeping $1.5 trillion tax cut after a Wisconsin Republican became the first senator in his party to declare that he could not vote for the tax bill as written, and other senators expressed serious misgivings over the cost and effect on the middle class. The House is set Thursday to pass its own version of the tax bill, which would cut taxes by more than $1.4 trillion over 10 years and broadly rewrite the business tax code.
In the world of conservative thought, few issues are as popular as tax reform. It's an accepted truth, by nearly anyone on the right, that the tax code is too complicated for an average citizen to understand and too laden with loopholes to be fair.
The GOP tax plan released this week has a lot of promise. There are really good things in there that need to absolutely pass, and we as conservatives should endorse the good that is in there.
Donald L. Mooney Enterprises celebrates 17 progressive years in business this month, which is no easy feat for most small businesses. According to Bloomberg, 8 out of 10 businesses fail in their first 18 months.
The issue comes in defining what is - and what is not - a business, for the purposes of a major new business tax break. I've written before about problems with the provision of the Republican tax framework that President Donald Trump touts as good for small businesses.
Most Americans say President Donald Trump's tax plan would benefit the wealthy and corporations, and less than half believe his message that "massive tax cuts" would help middle-class workers, according to an Associated Press-NORC poll. The survey could serve as a warning sign for Trump as he pushes Republicans to support his proposal.
The act was the second major law he signed to reform the tax code for the American people. Republicans and Democrats came together to cut taxes for hardworking families in 1981, and again in 1986 to simplify the tax code, so that everyone could get a fair shake.
I got a slick email yesterday from Speaker Paul Ryan's office about the GOP's scheme to cut taxes for billionaires and giant corporations. It says: Are you kidding me?!? Speaker Ryan is right: The rules are rigged.
VAN WERT City Council met on Monday and heard from Stephen Letson, a citizen who approached Council to appeal the zoning board's decision to decline his request to run a small business from his home. Letson has been selling guns and wanted to become licensed.
Stymied in his efforts to repeal the Affordable Care Act, President Donald Trump is poised to issue an order that could ease some federal rules governing health insurance and make it easier for people to band together and buy coverage on their own, administration officials said Saturday. One official said the directive could move the president a step closer to one of his long-standing goals: allowing consumers to buy health insurance across state lines.
Former Staten Island congressman Michael Grimm is gunning for a congressional comeback after serving time for tax evasion. He's counting on two things to get his old job back: the loyalty of his constituents, who he served after Sandy, and the popularity of Donald Trump in his neck of the woods.
Amy Gannon heard around the office the White House was looking for local small businessmen to interview ahead of President Donald Trump's Indiana speech. John Gannon, owner of Custom Wood Fencing of Greenfield, shared his thoughts on tax reform about a week before Trump stepped off Air Force One at the Indianapolis International Airport.
Republicans have been riding high since the rollout of a tax framework was judged by themselves as a success. But in reality it's all uphill from here: finding money to pay for the most sweeping rewrite of the tax code in a generation.
President Donald Trump on Wednesday proposed the biggest U.S. tax overhaul in three decades, offering to cut taxes for most Americans but prompting criticism that the plan favors the rich and companies and could add trillions of dollars to the deficit. The proposal, which the Republican president said was aimed at helping working people and creating jobs, faces an uphill battle in Congress with Trump's own party divided and Democrats hostile.
How President Trump's tax plan affects you, and what we still don't know about it Plan makes dramatic changes to individual and corporate tax codes, but key details are still to be determined. Check out this story on northjersey.com: https://usat.ly/2yt4mFw The White House and congressional Republicans are finalizing a tax plan that would slash the corporate rate while likely reducing the levy for the wealthiest Americans, with President Donald Trump ready to roll out the policy proposal at midweek.
President Trump and GOP leaders are cutting the top tax rate from 39.6% to 35%, according to details leaked to Axios . This will help small businesses as well because they pay the same tax rates as individuals.