Category: Tax Reform

End Citizens United, Tax Reform, 2018 Elections

What the Tax Bill Means for 2018 Elections, According to End Citizens United

Sometimes, even politicians are surprisingly honest. When Republican Representative Chris Collins of New York candidly told reporters his donors were telling him to pass tax reform or “don’t ever call me again,” he provided a rare confirmation of what most Americans already suspected: wealthy donors expect something in return when they make large political contributions.

GOP Tax Bill Decreases Benefits Of Homeownership For Many Americans

For some time now, United States tax codes have provided incentives for homeownership. These tax breaks were meant to encourage first home purchases with the thought that homeowners would upgrade to more expensive homes as the aged. The intended message to the American people is that to truly qualify as a middle-class family there must

Maine’s Senator Susan Collins May Change Her Tax Reform Vote

Just when the Republicans were ready to have a big “we got you where we want you party,” the senator from Maine, Susan Collins, says she’s not “all in” on the vote to lower corporate taxes. She is not in favor of sticking it to the people who actually make money for these capitalistic demigods.

Banking Giants Express Concerns Over Proposed U.S. Tax Reform

Republican lawmakers and White House officials are pressing ahead with the Tax Cuts and Jobs Act, which could be the first major piece of legislation of the contentious Trump administration, but two banking industry associations are objecting to a specific provision within the proposal. The two industry groups have sent a letter to the United

Republicans release first draft of tax reform proposal

On Tuesday, Senate Majority Leader Mitch McConnell (R-Ky.) said it was time for the Republicans to give up on health care and move on to tax reform. On Wednesday, Republicans presented the first version of their tax reform proposal. Critics argue it will increase deficits and is too generous to the wealthiest Americans. According to

Congressional Republicans divided on tax cuts

President Trump’s attempt at tax reform faces one of the same problems as his attempt at health care reform: a divide among Congressional Republicans. According to The Washington Post, a group of presidential advisers and congressional leaders is developing a framework they intend to release next week. However, the framework will not address the elephant