Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
Republican senators say tax reform would benefit small businesses but their true goal is to help the biggest firms, a fact dramatically illustrated by a Republican-on-Republican policy fight this week. The legislation would reduce the top corporate tax rate, the one paid by the largest publicly-traded companies, from 35 to 20 percent.
Missouri congressional members are expressing their views after President Trump's address on tax cuts at the St. Charles Convention Center Wednesday. Congressman Blaine Luetkemeyer says the plan passed by the House offers major tax cuts to two important groups - small businesses, and those making $200,000 or less.
Daines previously had held out because, he said, the bill did not do enough to provide tax cuts to non-corporate businesses relative to big C corporations, which the bill would give a 20 percent tax rate. Montana's Steve Daines, one of only two announced "no" votes on the Senate Republican tax bill, said he would support the motion to proceed to the legislation, and said his criticisms about the bill's small business provisions had been addressed.
In the century that Pat Snook's family has run a cattle operation in southeast Texas, she and her relatives have paid the federal estate tax three times to account for acreage, equipment and other assets being passed from one generation to the next. "You don't mind paying it one time," said Snook, who lives in Livingston, about an hour northeast of Houston.
President Donald Trump began lying about the merits of an estate tax repeal on the day he began the tax overhaul effort. One of the most important functions the federal government performs is the decennial census, which not only provides a demographic snapshot of the country but also determines how much representation each state gets in Congress.
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.