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us taxation

Mnuchin: Trump will not cut social security and Medicare 'entitlements'

Mnuchin: Trump will not cut social security and Medicare 'entitlements'

Treasury secretary previews content of first address to CongressConservatives drink the Trump Kool-Aid, but who will pick up the tab?Donald Trump’s first budget proposal will spare big social welfare
US growth and trade data disappoint but Trump promises 'revved-up economy' - as it happened

US growth and trade data disappoint but Trump promises 'revved-up economy' - as it happened

Trump: we have to spend more on defence...money will come from a “revved up economy”Chances of US rate rise in March increaseGreece: inspectors return to monitor bailoutSouthern Rail owner Go-Ahead
'We are a cautionary tale': Kansas feels the pain of massive Trump-style tax cuts

'We are a cautionary tale': Kansas feels the pain of massive Trump-style tax cuts

In 2012, Kansas did what Donald Trump wants to do: it introduced huge tax cuts to try to boost growth. Today, the state is out of money – and residents are angryKansas is broke – but you wouldn’t
Kansas abandons massive tax cuts that provided model for Trump's plan

Kansas abandons massive tax cuts that provided model for Trump's plan

State legislature rolls back Republican governor’s ‘terrible experiment’Deep cuts had left the state with a $1bn budget hole and low growthKansas has rejected the years-long tax-cutting experiment
The president tweeted it – but is the US economy really great again?

The president tweeted it – but is the US economy really great again?

Last Monday, at the start of a chaotic week for his presidency, a defiant Donald Trump claimed there had been an upswing in America’s fortunes. Was he right?It was a boast that every political leader
Look under the bonnet and the US economy is in for a rough ride | Phillip Inman

Look under the bonnet and the US economy is in for a rough ride | Phillip Inman

However confident the Fed is of recovery, there is growing evidence of a slide into outright deflationHurricane Harvey was such a distraction last week that Donald Trump forgot to tweet about his
House Republicans unveil tax plan benefiting corporations and the wealthy

House Republicans unveil tax plan benefiting corporations and the wealthy

House Republicans put out long-awaited legislation that would slash the corporate tax rate and repeal inheritance taxes of multimillion-dollar estatesDonald Trump’s push for deep tax cuts reached a
Democrats want inquiry into Wilbur Ross Paradise Papers link to Putin son-in-law

Democrats want inquiry into Wilbur Ross Paradise Papers link to Putin son-in-law

Senator Blumenthal wants ‘thorough investigation’ of Trump cabinet pickKey questions: What are the Paradise Papers and what do they tell us?Democrats have called for an inquiry into Wilbur Ross’s
Key Republican signals House-Senate clash on Trump tax-cuts plan

Key Republican signals House-Senate clash on Trump tax-cuts plan

Lower-chamber ways and means chair Kevin Brady challenges property tax deduction elimination amid rush to produce bill before Christmas holidaysThe chairman of the House tax-writing committee said on
Who wins and loses in Trump's tax plan?

Who wins and loses in Trump's tax plan?

Congress has yet to settle on a final draft of a tax-cut bill but if you’re rich, a corporation or your name is Donald Trump you could be in luckOver the Thanksgiving break Congress will have time to
The Resistance Now: activists plan to protest the Republican tax bill

The Resistance Now: activists plan to protest the Republican tax bill

Indivisible, which has thousands of groups across America, is planning a ‘national day of action’ on the Senate’s first day back in session after recessSign up for our weekly newsletter about the
White House would ditch attack on Obamacare in order to pass tax bill

White House would ditch attack on Obamacare in order to pass tax bill

Budget director says ‘we’re OK’ with dropping provision of Republican tax reform that would also repeal healthcare mandate, if it becomes roadblock The White House is willing to sacrifice Republicans’
Republican tax cuts will hurt Americans. And Democrats will pay the price | Bruce Bartlett

Republican tax cuts will hurt Americans. And Democrats will pay the price | Bruce Bartlett

The consequences of the tax program will shelve support for the Republicans, but once in power the Democrats’ hands will be financially bound for yearsI think many Democrats and independent political
Sit-ins, protests, rallies: activists' mammoth push to thwart Republican tax bill

Sit-ins, protests, rallies: activists' mammoth push to thwart Republican tax bill

Activists to launch last-ditch effort to prevent tax bill from passing the SenateGOP bill would disproportionately favor wealthy Americans, data suggestsActivists will launch a last-ditch effort to
Top Democrats snub Trump meeting after president says 'I don't see a deal'

Top Democrats snub Trump meeting after president says 'I don't see a deal'

Pelosi and Schumer to deal directly with Republicans in bid to avert shutdownTrump suggests he’s unwilling to negotiate on healthcare and immigrationDemocrats Nancy Pelosi and Chuck Schumer boycotted
Republicans take further step towards tax reform after Trump rallies support on Capitol Hill

Republicans take further step towards tax reform after Trump rallies support on Capitol Hill

Republican waverers come on board as bill heads to Senate floor for voteLegislation touted by Trump will largely benefit America’s highest earnersRepublicans made a significant step towards passing
Senate Republicans take major procedural step toward passing tax bill

Senate Republicans take major procedural step toward passing tax bill

The measure cleared a hurdle on Wednesday without the support of a single Democrat, paving the way for a final vote on the plan by the end of the weekSenate Republicans took an important procedural
Senate Republicans rush to win support for tax overhaul, seeking Friday vote

Senate Republicans rush to win support for tax overhaul, seeking Friday vote

Nonpartisan analysis released shortly before planned Wednesday vote finds plan would add $1tn to deficit, as several lawmakers voice continuing concernsSenate Republicans are scrambling to corral
Senate Republicans pass sweeping overhaul of US tax code

Senate Republicans pass sweeping overhaul of US tax code

Bill passed in early hours of Saturday will benefit big businesses and the wealthy, and give Donald Trump his first major legislative victorySenate Republicans have passed the most sweeping overhaul
Senate strikes amendment giving tax exemption for Betsy DeVos's old college

Senate strikes amendment giving tax exemption for Betsy DeVos's old college

Education secretary and her brother are alumni of Hillsdale College, which Republicans wanted to help because it refuses federal funding The Senate voted to strike an amendment from the Republican tax