A liberal billionaire who funds a group pushing for increased taxes on new oil and gas wells in Oklahoma has a history of avoiding taxes himself.
The federal government collected approximately $1.93 trillion in taxes in the first seven months of fiscal year 2017, but the federal government still ran a $344 billion deficit during that time, according to the latest monthly Treasury Department statement.
Another attempt by billionaire Michael Bloomberg to impose a soda tax failed Tuesday, as a record number of voters turned out against the measure in Santa Fe, N.M.
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.