After months of work and last minute alterations, the US Senate passed President Trump’s tax cuts in a vote of 51 – 49. No Democrats voted for the bill. President Trump noted earlier this week, Democrats only want to increase taxes on working Americans. From the Oval Office, the President stated that Democrats only want tax […]
It’s Official! Senate Passes Trump Tax Cuts! President Gives Americans Greatest Christmas Present in Decades!
December 2, 2017 by
Senate passes tax overhaul, securing major GOP victory.
December 2, 2017 by
The Senate passed legislation to overhaul the tax code early Saturday morning, handing Republicans a badly needed legislative and political victory. Senators voted 51-49 to pass the plan, capping off days of debate and hand wringing as leadership worked frantically behind the scenes to win over holdouts and get the proposal in line with the chamber’s rules. Republican […]
Don’t Believe the Democrat Attacks on Tax Reform. Here Are the Facts.
November 29, 2017 by
As president of the State Financial Officers Foundation, I have the privilege of working with some of the nation’s sharpest financial officers. They are not merely treasurers. They are thought leaders, experts, and fighters who, day-in and day-out, serve on the front lines of fiscal policy and intimately understand their state budgets, cash flow, and […]
Leftists Don’t Want Tax Cuts, So What Do They Want?
November 27, 2017 by
In September of this year, the New York Times reported that Amazon “employed 300,000 people globally by its 20th year as a public company, the fastest any American company has reached that mark.” The Times’ source for this statistic was the Progressive Policy Institute, an organization that the newspaper described as a “left-leaning think tank.” What’s perhaps interesting about the […]
How the GOP Tax Bill Will Affect the Economy.
November 19, 2017 by
The House passed its version of the Tax Cuts and Jobs Act on Thursday, a bill that would reform the tax code by lowering marginal rates for most households, corporations, and small businesses. The Senate is also working on its own version of the bill. Though the complete details are yet to be finalized, both […]
NY Times Pushes Case for No Tax Cuts At All
November 18, 2017 by
Not everyone is crazy about the current tax reform proposals before Congress. Some want more pro-growth measures. Others want it benefits geared more toward middle- and low-income people. But a piece in the New York Times argues Congress should not pursue tax cuts at all. If anything, the piece calls for even higher taxes … […]
House passes sweeping tax bill in huge victory for GOP.
November 16, 2017 by
The House on Thursday passed legislation to overhaul the tax code, moving Republicans one step closer to achieving the top item on their legislative agenda. The measure was approved by a vote of 227-205. No Democrats voted for the bill, while 13 Republicans broke ranks to oppose it. “Passing this bill is the single biggest […]
Tax bills give small businesses plenty to be thankful for.
November 16, 2017 by
Small-business owners have a lot to be thankful for next week. The recently introduced tax-reform bills in the House of Representatives and Senate make small-business tax cuts a centerpiece. This long overdue relief would finally address the overtaxation that most small business owners say is the biggest hurdle they face. At the moment, small businesses, […]
Republicans Move To Scrap Obamacare Individual Mandate In Tax Reform Bill
November 15, 2017 by
The Republican Senate is now moving to include repeal of the Obamacare individual mandate in their tax reform bill. That move is largely designed to quell conservative complaints about the Senate bill, which is weaker than the House version of the same bill: it delays corporate tax cuts, and retains the estate tax; pass-through businesses […]
More Winning: Latest Senate Tax Bill Raises Child Tax Credit, Ends Obamacare Individual Mandate.
November 15, 2017 by
The Senate Finance Committee released its updated tax bill late Tuesday night, and there’s a lot to cheer populist conservatives. The new bill raises the child tax credit to $2000, twice the current credit of $1000 per child. The earlier version of the Senate bill raised it to $1,650. A higher child tax credit is one […]
Republicans Confident They Have Needed Votes for Tax Reform
November 13, 2017 by
On Sunday, several prominent Republicans reassured voters that President Donald J. Trump’s tax reform plan has the necessary votes to pass through Congress, reports the Washington Examiner. Today, on Fox and Friends, House Majority Whip Steve Scalise (R-LA) discussed his confidence that the majority of the Freedom Caucus would support President Trump’s tax reform, more […]
House Republican Tax Summary Released. Read The Details Here
November 2, 2017 by
The Wall Street Journal has reviewed a detailed summary of the soon-to-be unveiled House Republican tax plan. “House Republicans, seeking the biggest transformation of the U.S. tax code in more than 30 years, aim to permanently chop the corporate tax rate from 35% to 20%, compress the number of individual income tax brackets, and repeal […]
Small Business Owner in Trump Country Explains Why Tax Reform Will Help the 99%
November 1, 2017 by
SEDALIA, Mo.—As Republicans prepare to unveil the details of their major tax reform proposal this week, a small business owner in America’s heartland is speaking out about how her and her employees could benefit. “The 1 percent that keeps being talked about, I want them to talk about the other 99 percent, and they don’t […]
House Passes Senate Budget, Moves One Step Closer To Tax Reform
October 26, 2017 by
The House narrowly passed the Senate’s fiscal year 2018 budget equipped with reconciliation instructions for tax reform in a 216-212 vote Thursday. Passing the measure brings Republicans one step closer to their plans to overhaul the tax code. The bill, which allows for $1.5 trillion in deficit spending, provides the GOP with the tools needed to […]
Senate Budget a Major Step Toward Tax Reform, but Falls Short on Spending Reforms
October 22, 2017 by
The Senate passed its fiscal year 2018 budget resolution late Thursday night, paving the way for potentially the most comprehensive tax reform package in decades. The proposal is a significant step toward implementing the president and Congress’ tax reform agenda. However, it fails to make significant cuts to federal spending—an important piece of the puzzle […]
Millennials LOVE Bernie’s Tax Plan…Until They’re Told It’s Trump’s
October 21, 2017 by
President Donald Trump’s tax plan seems to really resonate with millennials, but only when presented as if it were a proposal from Sen. Bernie Sanders of Vermont. Campus Reform asked a number of students at George Washington University if they supported some of the features of Trump’s tax plan, but sold the provisions as key […]
Senate narrowly passes 2018 budget, paving way for tax reform
October 20, 2017 by
Senate Republicans took the first step Thursday evening toward passing a tax plan and fulfilling a long-held campaign pledge. Senators narrowly voted 51-49 to pass the fiscal 2018 budget after a grueling hours-long marathon on the Senate floor. Sen. Rand Paul (R-Ky.) joined with every Democrat and independent to vote against the bill. The spending […]
House passes budget, paving way for tax reform
October 6, 2017 by
The House passed its 2018 budget resolution Thursday in a party-line vote that represents a step toward its goal of sending tax-reform legislation to President Trump. In a 219-206 vote, lawmakers approved a budget resolution for 2018 that sets up a process for shielding the GOP tax bill from a filibuster in the Senate. A total […]
Tax Reform Where All Americans Win
October 3, 2017 by
Thirty-one years ago, Congress passed and President Ronald Reagan signed into law substantial tax reform. The internet as we know it was not even invented yet. The federal debt stood at a little over $2 trillion. Needless to say, our economy has changed a bit since then. Of all the changes in the past three […]
Trump: Tax Reform Will Be ‘Rocket Fuel’ For US Economy
September 29, 2017 by
WASHINGTON — President Donald Trump spoke to a large group of manufacturers Friday and pitched his proposed tax reform as “rocket fuel” for the American economy. “Under my administration, the era of economic surrender is over – and the rebirth of American industry has begun,” Trump said in his remarks to the National Association of […]
Tax Reform Just Got Real. Why the GOP Tax Plan Is Great News for America.
September 28, 2017 by
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 […]
IT’S HERE: All the details of Trump’s massive tax plan
September 27, 2017 by
On February 9, President Donald Trump told a gathering of manufacturing CEOs at the White House he would release something in “two or three weeks” that would be “phenomenal in terms of tax.” Almost eight months later, that tax plan is finally here — most of it, at least. Trump and the “Big Six” group […]
Trump, GOP roll out huge tax cuts, as Democrats vow to fight against new measures
September 27, 2017 by
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 […]
Obama’s ‘Julia’ Will Have Better Life Because of Tax Reform – VIDEO
September 22, 2017 by
Julia and her husband, James, are worried about their future. James lost his job and can’t find work. Julia has not received a raise in many years and is unhappy at her job. They are struggling just to make ends meet and provide for their children. Every year, the government takes more of their hard-earned […]
‘Outrageous Selling-Out of the Base’: Immigration Patriots Blast Trump Staffer Marc Short for Trading DACA Amnesty for Tax Cuts
September 14, 2017 by
Immigration patriots say a White House official’s statements that insinuated that President Trump’s administration favors amnesty for nearly 800,000 illegal aliens in exchange for tax cuts were “outrageous.” As Breitbart News reported, Trump’s congressional relations aide Marc Short told reporters that he is not asking Democrats to exchange amnesty for the hundreds of thousands of illegal […]
Donald Trump Promotes ‘Pro-American Tax Reform’ in Missouri
August 31, 2017 by
President Donald Trump called for a simpler, lower, fairer tax code on Wednesday, urging Congress to pass a bill that would help grow the American economy. “Today I’m calling on all members of Congress — Democrat, Republican, and independent — to support pro-American tax reform,” he said. “They have to do it. It’s time.” The […]
White House Begins Release of Tax Plans: Simplify, Eliminate AMT, Death, Obamacare Taxes
April 27, 2017 by
WASHINGTON, D.C. — Details of the Trump Administration tax reform plans began trickling out Wednesday, revealing plans to massively simplify the tax system, adjust tax rates for individuals and businesses, and eliminate several taxes including the AMT, inheritance, and specific Obamacare taxes. During the 1:30 p.m. White House press briefing, a document was provided to […]
President Trump’s Tax Reform Plan: What You Need to Know.
April 26, 2017 by
Objectives: -Economic growth, getting to three percent GDP within the year after implementation -Job creation Personal/Individual tax reform: -Repeals the Alternative Minimum Tax for individuals -Eliminates the death tax -Eliminates all tax deductions, excluding the mortgages and charitable deductions -Zero tax rate for the first $24,000 a couple earns -Three tax brackets: 10, 25 and […]
GOOD TRUMP: Trump Plans Huge Cut In Corporate Tax Rates.
April 24, 2017 by
President Trump is having no truck with half-measures when it comes to spurring the economy to grow: he plans to fight for reducing corporate tax rates from their current 35% to 15%. Trump is ignoring those who cavil that the federal deficit will grow substantially because of the reduced revenue accruing to the federal government, […]
Just in: Trump makes “bigger than ever” announcement on tax cuts…
April 23, 2017 by
President Trump made an announcement today that’s likely to make a lot of folks all across the country extremely happy. He’s apparently set to unveil his tax plan for businesses and individuals next week, and if what he says is true, it’s supposed to be massive. There’s hardly sweeter words strung together in a single […]