Breaking Tax Reform News

Find the latest Tax Reform News from News Break the most trusted news destination from around the web.

AutoNation: Tax Reform Bill To Positively Impact Q4 Earnings - Quick Facts

(RTTNews) - AutoNation, Inc. (AN) announced the company expects a benefit of approximately $41 million in the fourth quarter of 2017, or approximately $0.45 per share, due to the recent tax reform bill and the one-time impact on its deferred tax liability. For the full year 2018, the company expects

BUSINESS INSIDER - 2018-01-16 12:38:29

One year Into Trump's presidency, agencies work to make good on his campaign promises

The first 12 months of President Donald Trump's administration showed little regard for precedent, tradition or protocol. As he set about putting top officials in place at the federal agencies charged with carrying out his administration's priorities, the former businessman turned politician chos

ABC NEWS - 2018-01-16 08:31:00

Rep. Tom McClintock: The question Democrats fear most

As the tax reform bill entered its final consideration in December, one congressional Democrat confided to a colleague that the reason they so vehemently opposed it was that they were afraid it would work. With the bill now signed into law over unanimous Democratic opposition, every family is about

WASHINGTON EXAMINER - 2018-01-16 05:01:00

Nancy Pelosi Calls $2,000 in Company Tax Reform Bonuses 'Crumbs' - Despite Praising Obama-Era $40 Tax Cut

House Minority Leader Nancy Pelosi said bonuses-up to $2,000-that companies are handing out as a result of President Trump's tax reform plan are "crumbs" but praised former President Barack Obama's $40 tax cut for workers in 2011. "In terms of the bonus that corporate America received versus the cru

BREITBART - 2018-01-15 21:33:24

Regulatory Reform Is The Jan Brady To Tax Reform's Marcia

Washington is focused on The Tax Cuts and Jobs Act while significant regulatory reform proposals, like The Regulatory Accountability Act, languish. Tax and regulation are members of the same policy family - both greatly impact economic dynamism and our lives. So why do we treat them differently? Lik

HUFFINGTONPOST - 2018-01-15 21:07:00

Boom: Over Two Million Workers Have Received Bonuses And Raises Thanks To Trump's Tax Bill

The Republican tax reform package, the most extensive in 30 years, is so terrible that over two million workers have received bonuses and raises since it was signed into law on December 22, 2017. Paul Bedard at The Washington Examiner has been compiling the list, citing over 100 companies that have

TOWNHALL - 2018-01-15 20:30:00

Steve Hilton: Pelosi's Elitist Democrats -- America, This Is the Party of the Rich, Sneering at the Poor

There was a time when the Democrats were the party of working Americans. They seemed to understand and fight for the interests of the working class and people living in poverty. Republicans, by contrast, struggled for decades with the perception that they were "for the rich." Well, how things have t

FOXNEWS - 2018-01-15 11:20:20

CPA Canada Business Monitor: Canadian Tax Reform and Balanced Federal Budgets

TORONTO, Jan. 15, 2018 /CNW/ - A review of the country's tax system and setting a target date for a return to balanced federal budgets are endorsed by professional accountants in leadership positions, according to a new survey conducted for Chartered Professional Accountants of Canada (CPA Canada).

CNBC - 2018-01-15 15:41:00

Trump earns 'high marks' from UBS for his economic policies

Swiss bank UBS said Monday that President Donald Trump deserves praise for his pro-growth policies. Those efforts in making the U.S. a more business-friendly economy, which include the recently passed tax reform, are often under-appreciated, said Mike Ryan, UBS Wealth Management's chief investment o

CNBC - 2018-01-15 06:34:36

Larry Kudlow Predicts 3-4 Percent Growth Following Trump Tax Reform

During Sunday's "The Cats Roundtable" on New York AM 970 radio, economist and CNBC contributor Larry Kudlow predicted that the GOP's tax cuts would result in a three to four percent economic growth, proving the "naysayers wrong." "You are seeing a big Trump effect," Kudlow, who advised Trump on the

BREITBART - 2018-01-15 04:05:13

A Democratic senator just blew a hole in the party's tax reform message

Chris Van Hollen stated that "By the time the tax breaks actually start making their way to workers, they're very small." (AP Photo/Jose Luis Magana) Admitting, this week, that tax cuts will help workers, Sen. Chris Van Hollen, D-Md., undercut a key Democratic Party talking point. Speaking to the Wa

WASHINGTON EXAMINER - 2018-01-14 19:19:30

Boom: 164 companies give bonuses, lower fees to millions, citing Trump tax cuts

A list of 40 firms offering millions of employees bonuses and customers fee cuts has surged to 164 in just 10 days as the likely financial benefit of President Trump's tax reform has started to settle in. "You've likely seen the news about U.S. tax reform. We believe these tax changes will be positi

WASHINGTON EXAMINER - 2018-01-14 17:22:30

Warren Buffett on Tax Reform

It's no secret that the recently passed corporate tax cut will have a positive impact on the profits of many American corporations. Warren Buffett-led conglomerate Berkshire Hathaway(NYSE: BRK-A)(NYSE: BRK-B) is no exception. In fact, Berkshire is likely to benefit more than most. Buffett, however,


Surprise! This $940 Credit Survived Tax Reform

During the debate on tax reform, a number of provisions were initially slated for the chopping block. Changes to popular tax breaks, like the state and local tax deduction, drew criticism from taxpayers in high-tax states, but public outcry eventually convinced lawmakers to pull back on their initia


Washington Post Fact Checker Targets McCaskill's Tax Reform Remarks

Democrats have let us know they are not impressed with the good news to come out of the GOP tax reform plan, fully engaged in downplaying at its finest. Major companies have rewarded employees bonuses and salary increases in the aftermath of the Republican tax plan, yet Democratic leaders like House


Democrats continue to dismiss positive impacts of tax reform

Greg Nash Capital One, Wells Fargo, Waste Management, JetBlue Airlines, Comcast, AT&T, American Airlines, BB&T and Nationwide Mutual Insurance are just a few of the more than 80 companies that have all announced employee bonuses, additional benefits, and higher wages for their employees crediting s


Tax Reform to Fuel Rotation to Stocks, JPMorgan's Kolanovic Says

U.S. tax reforms may not have finished boosting stocks yet. Asset allocators should stay strongly overweight equities and underweight government bonds in the near term due to the uptick in global growth and boost to risk-on assets from U.S. fiscal reform, JPMorgan Chase & Co. strategists led by Mark


Walmart wage increase benefits young workers the most

Walmart, the largest retailer in the U.S., made a big announcement on Thursday: They're raising their starting wage to $11 an hour. And it's all thanks to President Trump's corporate tax cuts. "Today, we are building on investments we've been making in associates, in their wages and skills developme


The Democratic Response To Companies Doling Out Bonuses To Workers Remains Abjectly Pathetic

Democrats are choking on crow for opposing this tax bill. Are they this economically illiterate? You pass the most extensive tax reform in nearly 30 years, it creates a better job creating and investing environment, and companies begin to boost U.S. investment, dole out bonuses to workers, some incr


'We'd love to use the cash': Big pharma's getting ready to spend tax reform dollars on big deals

Trump holds an example of what a new tax form may look like during a meeting on tax policy with Republican lawmakers in November.Evan Vucci/APThere's a lot of anticipation for big-ticket pharmaceutical mergers and acquisitions to take off in 2018.That's in large part because of the tax reform that p