President Donald Trump told the Associated Press on Friday that he will release a tax reform package next week that will include “massive” tax cuts for businesses and individuals.
The House Republican tax reform plan introduced by Speaker Paul Ryan (R., Wis.) would create 1.7 million jobs and increase after-tax incomes on average by 8.7 percent, according to a report from the Tax Foundation.
Taxpayers spend 6.1 billion hours a year just to comply with the federal tax code, according to experts who spoke at a Tax Foundation event on Monday.
Republicans are overwhelmingly concerned with the current tax system, saying that the tax code is too complicated and the rates are too high, according to a survey from the American Action Network. Tonight, President Donald Trump will give his first address before a joint session of Congress where he will likely focus on tax reform. …
Stock prices climbed to record highs worldwide for a third straight session on Thursday, propelled by an oil rally after a surprise drop in U.S. crude inventories and comments from U.S. President Donald Trump and his Treasury chief on plans for job creation and tax reform.
Sixteen CEOs from large companies are urging Congress to enact comprehensive tax reform that would end a tax on domestic production and make companies in the United States more competitive globally.
President-elect Donald Trump’s proposals to cut taxes on corporations and personal income will boost economic growth, according to a new report from the World Bank Group.
Newly elected Republican Study Committee Chair Rep. Mark Walker (R., N.C.) said that tax reform and repealing Obamacare are two agenda priorities in the upcoming year.
Rep. Kevin Brady (R., Texas), the chairman of the House Ways and Means Committee, said Tuesday that his two top priorities for the coming year are tax reform and replacing the Affordable Care Act.