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Kansas City's tax-reform experiment: What went right - and very wrong

Nearly five years ago the state of Kansas underwent what was dubbed a real live "experiment" in tax reform when Republican Gov. Sam Brownback enacted a tax package that brought down personal income-tax rates and also eliminated income tax for pass-through entities. These included LLCs, S-corps, part

CNBC - 2017-09-21 10:27:08

Why is the GOP desperate to pass this terrible health care bill? The Koch brothers threatened them

Republican senators Lindsey Graham and Bill Cassidy have pulled together a bill that by all accounts is the worst option yet. Given how bad the other republican health care bills have been, that's quite the feat. They pulled this bill out of thin air because they are desperate to vote on something b

DAILY KOS - 2017-09-21 20:44:53

Tax Reform Is No Place for Paid Leave

Paid parental leave is a hot topic these days, and rightfully so. Only 14 percent of workers have access to paid family leave from their employers, according to the Bureau of Labor Statistics. Even when accounting for vacation days, sick days, temporary disability insurance, and state-based policies

ARTICLE.NATIONALREVIEW.COM - 2017-09-21 08:00:00

FreedomWorks: Tax reform failure could be 'end of GOP as we know it'

A failure to pass tax reform would be disastrous for the Republican Party, according to the conservative group FreedomWorks. "If the Republicans can't get this tax deal done, we'll be facing a GOP crisis," Adam Brandon, the group's president, said on a Friday call with reporters. "It could be the en

THE HILL - 2017-09-22 16:00:56

The bumpy road to tax reform is still driveable

A word of caution to anyone preparing to throw dirt on the prospect of tax reform this year: Don't break out your shovels just yet. Tax reform is still alive because of a strategic decision by the White House and Republican congressional leaders. The path to passing comprehensive tax reform is becom

THE HILL - 2017-09-21 19:00:07

House GOP will hold 'tax retreat' next week

House Republicans will huddle on tax reform at a retreat next week, GOP aides said Thursday. The time, location and other details have not been disclosed yet but the topic is critical. Republicans plan to begin consideration of tax reform legislation in October and will disclose an outline of their

WASHINGTON EXAMINER - 2017-09-21 15:07:00

Republicans to introduce $1.5 trillion tax cut blueprint in Senate next week

Republican senators struck a deal this week paving the way for potentially $1.5 trillion in tax cuts over the next decade, suggesting broad outlines of a plan to be presented next week. Sens. Bob Corker, Tennessee Republican, and Patrick J. Toomey, Pennsylvania Republican, said their agreement on a

WASHINGTON TIMES - 2017-09-21 22:46:34

Tax Cuts Are Tax Reform

A lot of the commentary about Republican tax legislation posits a distinction between "tax cuts" and "tax reform," the idea being that the latter scales back distortionary tax breaks and is therefore both harder and more virtuous. I'm all for ending such tax breaks. But the value of a tax deductio

ARTICLE.NATIONALREVIEW.COM - 2017-09-21 14:55:49

Senate Republicans Refuse to Be Led by Democrat Gary Cohn on Tax Reform

Making lifelong Democrat Gary Cohn the White House lead on tax reform was always a risky strategy. Democrats were unlikely to cooperate with the administration on anything and Republican lawmakers instinctively distrusted Cohn's motives and positions. What's more, Cohn and Treasury Secretary Steve M

BREITBART - 2017-09-22 16:08:07

3 Priorities to Guide Tax Reform

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 w

TOWNHALL - 2017-09-21 04:01:00

Wilbur Ross: Tax reform priority is corporate rate cut and 'a little bit of redistribution'

The administration and congressional Republican leaders have said that they will reveal some areas of common agreement on tax legislation next week. (AP Photo/Jacquelyn Martin) The Trump administration's priorities in tax reform are to lower the corporate tax rate and to provide a "little bit of red

WASHINGTON EXAMINER - 2017-09-22 16:23:30

Here's how we can save $600 billion with tax reform

We had a friendly, robust argument on with my long-time pals Michelle Caruso-Cabrera and Brian Sullivan on "Power Lunch" the other day. I promised to post some numbers to back up my claim, so here goes. We were talking about tax reform, and I said that, based on demographics alone, we're going to ne

CNBC - 2017-09-22 15:33:20

Tax Reform Moving Forward Would Be A Big Step Back For Canada

The Liberal government claims to be dedicated to improving the quality of life for all Canadians - but their latest proposal to reform tax laws are unlikely to do so. Prime Minister Justin Trudeau has been touting his new tax reform plans as of late. He was recently in British Columbia, attempting

HUFFINGTONPOST - 2017-09-22 16:53:00

The Republican tax plan is still more talk than action

They have a blueprint and principles. They've held countless strategy sessions for what could be the biggest tax overhaul in decades. They even produced a handy desk calendar with daily inspirational messages and helpful tax statistics to drive home the need for reform. All Republicans need now is a

LA TIMES - 2017-09-21 20:50:00

Pence making tax reform case in Indiana with eye on Donnelly

INDIANAPOLIS (AP) - Vice President Mike Pence will make the Republican case for a federal tax code overhaul during a speech Friday in his home state of Indiana. His choice of venue, the struggling former General Motors town of Anderson, is no coincidence. Rather, it's the continuation of a campaign

WASHINGTON TIMES - 2017-09-22 05:55:12

Tax Reform for the Rich: Reduce the Rates but Lose the Breaks

A study by the Tax Foundation shows that the mortgage interest deduction disproportionately favors taxpayers in states with high real-estate costs, which tend to be blue states like New York and California.Credit Craig Warga/Bloomberg, via Getty Images When the Trump administration unveils new deta

NEW YORK TIMES - 2017-09-21 16:33:15

Ross Says Steel Tariff Decision to Wait Until After Tax Bill

Commerce Secretary Wilbur Ross said the Trump administration has decided to defer a decision on steel tariffs as it focuses on getting tax reforms through Congress. "The policy decision has been made to postpone that until the tax bill," Ross said Friday in an interview on Bloomberg Television, when

BLOOMBERG - 2017-09-22 12:04:37

Battle lines drawn over $2.2 trillion corporate tax break

A $2.2 trillion business tax break Congress is eyeing could be the next measure to divide Republicans and business. The provision, known as "full expensing," would allow companies to deduct the cost of all new investments from their taxable income in the year they are made. It's an idea generally ba

WASHINGTON EXAMINER - 2017-09-22 04:01:00

Senate going to Senate

LET'S TALK SOME MORE ABOUT OBSTACLES: Tax reform would be difficult enough if it was just about the policy. But you've also got to take into account the personalities as well. Story Continued Below Case in point: Senate Republicans are broadcasting that they won't just grin and take whatever sort of

POLITICO - 2017-09-21 14:00:42

Don't wait for a tax reform to start your tax-planning strategy

There has been a great deal of discussion concerning tax reform these days, and many people are putting tax planning on hold until they see what Congress is actually going to do. Since that could take a lot of time and we don't know if any changes will actually occur, it makes more sense to plan now

CNBC - 2017-09-20 12:55:13