What the Republicans Are Saying about TaxesTami Luhby
Republicans still often speak lovingly of their adored "Gipper," but the debate in Washington shows just how far the party has drifted from its idol. Here's one example. The Republican talking point these days is that raising taxes on the wealthiest Americans would be bad for the economy and...
The TCJA cut the corporate tax rate to benefit shareholders, who tend to be higher earners. It only cuts individuals' taxes for a limited period. It scales back the AMT and estate tax and reduces the taxes levied on pass-through income. It does not close thecarried interestloophole, which...
News reports about major corporations paying no income taxes and alleging that formerPresident Trumppaid no more than minimal income taxes for decades undercut taxpayers’ confidence in the system. The alternative corporate minimum tax was passed in 2022 to address tax avoidance by the largest corpora...
Like the coach said, the Republicans are who we thought they were. Soit’s done. Or is going to be. As IwroteinThe New York TimesFriday, it’s the second most unpopular piece of major domestic legislation of the last 27 years. The first most unpopular? The attempt to repeal Obamacare...
In states where the government is controlled by Republicans, a nearly identical number of Harris and Trump supporters are very or somewhat confident that officials in their state will do a good job during the election: 84 percent to 87 percent. But in Democratic...
No matter what, says Pomerleau, no-tax-on-tips would add tax complexity for a population of tax filers that, generally, do not have access to accountants to help them through the process. That could result in more workers not filing taxes or not being able to access the benefits they are...
has to make. When it comes to the effectiveness of reconciliation to address the 2025 expirations, Republicans may not “let any particular provision force them off that tool,” Kumar said. “The political penalty would be in excess of upside from something you can’t do in reconciliation.”...
while Americans overall are more inclined to see former President Donald Trump’s family as corrupt, compared to the Bidens. And there isn’t a broad consensus that an impeachment inquiry is warranted, signaling that Republicans have some convincing to do if they want the public to support their...
That could change, or those models could be off. But if that is the government configuration come this January, here’s what Republicans say they’ll do with their newfound power. Investigations, and then some more investigations It would be Benghazi on steroids, over and over. Hunter Biden ...