Sen. Elizabeth Warren (D., Mass.) said Wednesday that the U.S. corporate tax rate—among the highest in the world—is not too high.
President Donald Trump’s tax reform proposal will simplify the tax code and encourage economic growth by reducing the number of tax brackets and eliminating certain taxes, according to White House chief economic adviser Gary Cohn.
President Donald Trump’s tax reform plan will be the biggest tax cut and the largest tax reform in history, Treasury Secretary Steven Mnuchin said.
President Donald Trump’s proposed tax plan will cut the corporate tax rate to 15 percent, the Wall Street Journal reported.
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.