Less than six months old, the tax reform law championed by President Donald Trump is already fueling an increasingly positive economic outlook for state governments across the country. A new report released Tuesday by the American Legislative Exchange Council (ALEC) found that closed loopholes and deductions at the federal level are resulting in increased revenue …
The Washington Post fact checker on Tuesday gave House Minority Leader Nancy Pelosi (D., Calif.) “two Pinocchios” for her misleading claim from last week that 86 million middle-class families will see a tax increase under the Republican tax reform law.
A New York Times analysis of how the recently enacted tax reform law could affect a hypothetical couple’s taxes was corrected to admit their taxes would actually go down, not up.
Polling in battleground congressional districts shows that voters increasingly believe the Republican tax reform law will cut their taxes rather than raise them.
The Georgia Senate on Monday blocked, at least temporarily, the passage of a bill that would have benefited Delta Air Lines, Inc. after the company cut ties with the National Rifle Association.
The Treasury Department plans to eliminate nearly 300 outdated tax regulations, getting tax rules off the books that in some cases have not applied since the 1940s.
WASHINGTON (Reuters) – President Donald Trump will nominate a tax attorney who has advised both the U.S. government and the state of California on revenue to lead the Internal Revenue Service as it implements a radical overhaul of the country’s tax system, the White House said on Thursday.