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Keyword: taxreform

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  • America needs Trump’s tax reform plan (don’t believe the media scare tactics)

    10/15/2017 1:00:47 PM PDT · by Innovative · 5 replies
    Fox News ^ | Oct. 15, 2017 | Dan Weber
    We’re more than two weeks from Halloween, yet the mainstream media is already itching to give the American people a mighty good fright, spinning President Trump’s desperately needed tax reform framework as rash, ill-conceived and even dangerous. At the same time, the president has been barnstorming across the rust belt and his tax reform plan has been met with enthusiastic approval by energized audiences. This show that our country’s elites still – nearly on year after the election – don’t have a darn clue what matters to real, hardworking Americans.
  • President Trump Struggling To Pass Tax Reform – Elites Look To Every Excuse To Block Him

    10/12/2017 8:49:52 AM PDT · by davikkm · 27 replies
    IWB ^ | Ruby Henley
    President Trump needs the support of Republican senators to pass key legislative items in the coming months. Upcoming measures include bills to raise the debt ceiling to avert default, fund the government to avoid a shutdown, and overhaul the American tax system. However, the out and out feud he has with Mitch McConnell may prove to be the undoing of his tax reform which the American people need and want. Speaker Paul Ryan (R-Wis.) is urging conservatives to bring it on. “I say: Let’s have this debate. Let’s tackle these baseless arguments head on,” Ryan said in prepared remarks for...
  • Donald Trump: Is He Ever Wrong?

    10/12/2017 3:42:31 AM PDT · by NOBO2012 · 21 replies
    MOTUS A.D. ^ | 10-12-17 | MOTUS
    After reading through yesterday’s comments, and paying special attention to those concerning Meryl I-had-no-idea-Harvey-was-such-a-creep Streep…Meryl was shocked – shocked I tell you - to find out there was sleeze going on in Hollywood.I have to say, it appears that Trump has been proved right yet again: Meryl has made a career of histrionic acting, convincing people that she’s something she is not - like that time she appeared before Congress and acted like she actually knew something about alar and apples ("When are we going to stop killing our children!"). She was so convincing in that role that she nearly...
  • Trump's Tax Cut: 'Show Me the Money'

    10/03/2017 6:00:33 AM PDT · by Kaslin · 17 replies ^ | October 3, 2017 | Stephen Moore
    Donald Trump's latest tax-cut plan would be a steroid injection for the U.S. economy. Bravo to the White House and congressional leaders for packaging the biggest pro-growth tax cut since Ronald Reagan. My only quibble is that I wish the "Gang of Six" negotiators had stuck with President Trump's call for a 15 percent business tax rate -- which was in the campaign plan that Larry Kudlow and I helped draft. Instead, this plan would set the rate at 20 percent for corporations (down from 35 percent) and 25 percent for small businesses (down from 40 percent for many...
  • Tax Reform Just Got Real. Why the GOP Tax Plan Is Great News for America.

    09/30/2017 7:45:37 PM PDT · by Tolerance Sucks Rocks · 69 replies
    The Daily Signal ^ | September 27, 2017 | Adam Michel
    Bold tax reform got a big boost on Wednesday. Leaders in the House, the Senate, and the White House have all agreed on a tax outline, meaning a true update to our broken tax system could be imminent. First, the GOP tax plan framework would lower taxes for individual Americans. It would double the standard deduction for individuals and thereby expand the zero-percent bracket, and it would create three income tax brackets (down from seven): 12, 25, and 35 percent, respectively. Most simply, this will allow all Americans to keep more of their hard-earned money in their pockets. Importantly, the...
  • How Tax Relief Will Free Americans Financially

    09/30/2017 10:08:08 AM PDT · by Kaslin · 15 replies ^ | September 30, 2017 | Dan Celia
    Some might argue this fact, but Republicans have one chance to salvage the loss of one of the greatest opportunities the Republican Party ever had. If they had decided to rally around President Donald Trump’s pro-job, pro-growth, America-first agenda of prosperity in the first 30 to 60 days of his presidency, things would be so much different for the American people. If repealing and replacing Obamacare, working toward tax reform, crafting an infrastructure bill and passing a budget were priorities, Republicans would have gained and taken control of Washington, D.C., for a generation. So the question remains—is that opportunity...
  • Republican call to strip property tax deduction spurs outcry from blue states

    09/28/2017 12:54:19 PM PDT · by alancarp · 71 replies
    FOX News ^ | 9/28/2017 | Brooke Singman
    Homeowners in tax-happy blue states could find a bitter pill inside the new Republican tax plan, which would kill their ability to write off the property taxes that can cost even middle class families more than $10,000 per year. The plan rolled out Tuesday would keep in place deductions for mortgage interest and charitable donations. But, in a move to help offset other major cuts in the plan, many other itemized deductions would be scrapped. ... New York Democratic Gov. Andrew Cuomo slammed the proposal, saying the loss of the deduction could cost New Yorkers more than $17 billion. “It...
  • House Freedom Caucus Supports GOP Tax Reform – Trump’s “Once-In-A-Generation Opportunity.”

    09/28/2017 10:35:05 AM PDT · by davikkm · 9 replies
    IWB ^ | Ruby Henley
    The conservative House Freedom Caucus endorsed the Republican Party’s framework for tax reform on Wednesday. Rep. Mark Meadows, R-N.C., released a statement from the group announcing their support for the plan. Meadows told reporters on Tuesday that he’d draw a “red line” at a 20 percent corporate rate, and would oppose any bill that went higher. “This is a once-in-a-generation opportunity” to offer “historic tax relief to the American people,” President Donald Trump said during a speech in Indianapolis on Wednesday. “I’ve been waiting for this for a long time.” “My plan is for the working people and my plan...
  • Can the 'Big Six' Keep Tax Reform From Being Deep-Sixed?

    09/28/2017 9:01:38 AM PDT · by Kaslin · 12 replies ^ | September 28, 2017 | Veronique de Rugy
    This week, the so-called "Big Six" Republican tax leaders unveiled more of their plan to reform the tax code. As usual, it'll be light on details, but we're told to expect a cut in the corporate income tax rate to 20 percent -- as opposed to the 15 percent rate President Donald Trump has promised. That's unfortunate. With Republicans being the worst negotiators, this rate will only go up once Democrats and the Republicans who behave like Democrats have their say. Even though the United States has the highest corporate tax rate of all developed countries, some lawmakers still believe...
  • The GOPe’s Next Act: Pretending To Want Tax Reform

    09/28/2017 5:01:15 AM PDT · by EyesOfTX · 23 replies
    DB Daily Update ^ | 9.28.2017 | David Blackmon
    It’s going to be a long fall and winter filled with hyper-partisan rancor. There is nothing progressives hate more than a healthy, growing economy. I’m not kidding. If you think otherwise, you don’t understand progressives. There can be no doubt the GOP proposal would indeed stimulate economic growth in a very big way. The key stimulus-producing provision is one that would allow businesses of all kinds to deduct most capital costs during the tax year in which they are incurred. Currently, such costs must be recovered by depreciating them over 5 to 30 years, depending on the asset that is...
  • Could tax reform be the win Republicans are looking for?

    09/27/2017 3:39:20 PM PDT · by Jagermonster · 8 replies
    The Christian Science Monitor ^ | September 27, 2017 | Francine Kiefer
    PUTTING IT IN PERSPECTIVE   While far from a sure thing, the plan isn't as visceral as cutting Medicaid, and could be an easier lift for the GOP than health care. Trump is reaching out to Democrats, and may find some takers, though they generally panned the plan as a gift to the wealthy. WASHINGTON—Reeling from three failed attempts to “repeal and replace” Obamacare, Republicans are looking to score a political win before the year’s end with an issue they hope will be more unifying for the party: tax reform. President Trump hit the road in Indiana Wednesday to promote...
  • Republicans unveil tax plan, call for doubling deduction and cutting rates

    09/27/2017 11:35:34 AM PDT · by Jim Robinson · 372 replies
    Fox News ^ | Sept 27, 2017
    Congressional Republicans on Wednesday unveiled the framework for their long-awaited tax-reform plan, which simplifies the tax system and cuts rates for businesses -- while attempting to boost household incomes by nearly doubling the standard IRS deduction used by most Americans. “Today, we move one step closer to fixing our broken tax code," House Speaker Paul Ryan, R-Wis., said. "This is our best opportunity in a generation to deliver real middle-class tax relief, create jobs here at home, and fuel unprecedented economic growth.” The framework plan calls for increasing the standard deduction to $12,000 for individuals and $24,000 for families, which...
  • 3 Priorities to Guide Tax Reform

    09/21/2017 9:02:56 AM PDT · by Kaslin · 7 replies ^ | September 21, 2017 | Veronique de Rugy
    Congress is finally tackling the tax code, which is good news because reform is badly needed. Our outdated code is complicated by thousands of credits, deductions, and exemptions to individual and corporate interests -- and it imposes high rates that inhibit economic growth. However, as we've seen with the failed efforts to repeal and replace Obamacare, getting a consensus among Republican members is easier said than done. It should boil down to three priorities. First, though overhauling the whole tax code would be great, if the goal is economic growth, reforming the corporate side is the most pressing priority. Everyone...
  • Trump Turnaround Puts New Tax-Cut Writing on the Wall

    09/16/2017 10:45:00 AM PDT · by Kaslin · 44 replies ^ | September 16, 2017 | Larry Kudlow
    Financial markets and most media pundits are missing the new writing on the wall. For a variety of reasons surrounding shrewd moves by President Trump, the chances for significant tax cuts in the next ten weeks have risen sharply. Since the Charlottesville blow-up in mid August, when the president’s fortunes were at low ebb -- and I’ll repeat my view that there’s not a white-supremacist, racist, hateful bone in Trump’s body -- we’ve witnessed a dramatic executive turnaround. Trump beautifully handled the hurricane emergencies. His bipartisan political pivot to “Charlie and Nancy” to keep the government open and raise...
  • For GOP, Tax Reform May Be Last Chance To Save Jobs — Their Own

    09/15/2017 8:21:42 AM PDT · by SeekAndFind · 9 replies
    IBD ^ | 09/15/2017
    Is the GOP getting serious about tax reform at last? Republicans in Congress say they'll unveil the outlines of a consensus plan in two weeks, as President Trump hits the hustings to stump for tax reform. We hope this isn't another false start. "Reform" is one of those words that sounds easy, but really isn't. Every political interest group has a dog in the fight, and no one wants to give up a cherished deduction. And few politicians want to be seen as cutting taxes on Americans in the top income brackets or corporations, a sure way to be accused...
  • Rep. Dave Brat: Senate Punting On Tax Reform Until Next Year

    09/11/2017 2:23:22 PM PDT · by nodwam · 35 replies
    Hidden Americans ^ | 09/11/2017 | Richard Saunders
    Rep. Dave Brat (R) is warning that the leadership in Congress is punting on tax-reform until 2018. With Republicans in complete control of all branches of government including Congress and the Presidency they have yet to pass any meaningful legislation. After a major flop on Obamacare repeal and replace the rumor is that in the Republican lead Senate 'that tax reform is not going to take place until next year, for some reason.' Rep. Dave Brat writes that, 'Senate leadership is hinting (or just flat-out stating) that they will craft a tax plan with Democrats in order to get to...
  • Ivanka teams with Norquist to boost tax-reform efforts

    09/07/2017 9:29:51 AM PDT · by TheErnFormerlyKnownAsBig · 32 replies
    Washingron Times ^ | 9-6-17 | David Sherfinski
    Ivanka Trump, the president’s daughter and a top adviser, jumped into the administration’s tax reform push on Wednesday, joining conservatives to promote an expansion of the child tax credit and later appearing onstage with her father at an event in North Dakota. Ms. Trump told conservative leaders that the administration is pushing for “the largest child tax credit possible,” potentially doubling it to $2,000 per child, and said she wants to make it refundable against payroll taxes so that lower-income people who pay little or no federal income tax would still benefit.
  • Americans paying more in taxes than for food, clothing

    08/31/2017 8:48:22 PM PDT · by gubamyster · 32 replies
    Fox news ^ | 08/31/2017 | Brooke Singman
    Americans spent more money on taxes than they did on food and clothing last year, according to data released earlier this week. In an assessment of “Consumer Expenditures” for 2016, the Bureau of Labor Statistics showed the average bill for federal, state and local taxes was $10,489. By comparison, Americans spent $9,006 on food and clothes, with most of that going toward food. first pointed out the findings. While it may not come as a surprise that American households are shelling out to Uncle Sam, the data showed that bill has risen sharply in recent years -- the average...
  • Trump Calls Out Sen. McCaskill: 'Vote Her Out' If She Doesn't Back Tax Reform

    08/30/2017 2:05:30 PM PDT · by Hojczyk · 51 replies
    IJR ^ | August 30,2017 | By William Steakin
    During a speech in Missouri detailing the administration's plans for tax reform on Wednesday, President Donald Trump name-checked Sen. Claire McCaskill (D-MO), urging the cheering crowd to “vote her out” if the senior senator doesn't support his proposal. “And your senator, Claire McCaskill, she must do this for you,” Trump said, referring to moving on taxes. “And if she doesn't do it for you, you have to vote her out of office.” The line from the president elicited a roaring ovation from the crowd gathered at a manufacturing company in Springfield. “She's going to make that commitment. If she doesn't...
  • LIVE: President Donald Trump MAJOR SPEECH in Springfield, Missouri 8/30/2017 TRUMP TAX REFORM SPEECH

    08/30/2017 11:38:27 AM PDT · by bryan999 · 77 replies
    WATCH: President Trump Deliver Tax Reform Speech In Springfield, Missouri 8/30/2017 - President Trump Speech in Springfield, MO 8/30/2017 President Trump Participates in a Tax Reform Kickoff Event - President Trump Remarks on Tax Reform President Trump heads to Missouri today to build on a key message from his speech in Phoenix last week: that he's going to give Americans "the biggest tax cut in the history of our country."