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.
The House Republican tax reform plan introduced by Speaker Paul Ryan (R., Wis.) would create 1.7 million jobs, increase the nation’s GDP, and increase after-tax income for all Americans, according to an analysis from the Tax Foundation.
House Republicans, led by Speaker Paul Ryan (R., Wis.), have introduced their tax reform plan, which would simplify the tax code so it could fit on a postcard.
IRS Commissioner John Koskinen told lawmakers on Wednesday that implementing a flat tax would be simpler than the current tax system and would save the agency a lot of money.
Economists touted the benefits of the Main Street Tax Plan, saying it would expand the economy by $2 trillion in a decade, at an event at the Hudson Institute on Wednesday.