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When tax rates in a country are consistently elevated, mobile capital moves elsewhere. New investments in factories are made in countries with lower taxes.
A proposal under consideration at the Treasury Department would bypass Congress and use federal regulation to index capital gains for inflation, a $100 billion boost for high earners.
New research adds to pressure on tax policy, which the government is expected to put on hold after it is defeated in the Senate
It is time for Iowa to go back to the drawing board for responsible and meaningful tax reform.
The headline of an Aug. 18 report in the new York Times read, “Trump Tax Cut Unlocking Millions.” The story was not about recent income tax legislation touted as a
Virginia Democrats, led by Gov. Ralph Northam, are preparing to do what Democrats were born to do: raise taxes and spend other people’s money. The opportunity arises thanks to the
The country`s most profitable companies are saving a lot of money from the GOP tax bill, but so far little of it is going to workers.
The average tax cut would be $1,600 in 2018, but the average household earning more than $1 million would get a nearly $70,000 cut.
The Tax Cuts & Jobs Act should increase after-tax income by 4.5% for those in the second-lowest quintile, and by 4.6% for those in the middle quintile.
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