“IT’S always a lot of fun when you win,” President Donald Trump enthused after his tax package was approved by Congress in December. Company bosses nodded along. The centrepiece of the reform is a drastic cut to the corporate-tax rate, from 35% to 21%, taking it below the rich-country average.
The Spoils From American Corporate Tax Reform Are Unevenly Spread
The Economist: Business, The Economist
Thu, 02/22/2018 - 8:47am
BING NEWS:
- Tax revenue jumps 22% in April, but U.S. deficit still looms large
The U.S. Treasury ran a surplus last month, thanks in part to the April 15th tax deadline. But the federal government is still expected to end the year more than $1.5 trillion in the red.
05/10/2024 - 12:33 pm | View Link - Biden Looks to Raise Tax Revenue When Trump Cuts Expire Next Year
Lael Brainard, the director of the National Economic Council, said lawmakers should raise taxes on companies and the wealthiest while extending the 2017 cuts for those making less than $400,000.
05/10/2024 - 8:15 am | View Link - White House begins push for corporate tax hike in earnest
When the Trump tax cuts expire next year, the White House will ask for higher corporate taxes and a buyback tax as Congress enters one of its biggest economic fights of the decade, which will have ...
05/10/2024 - 6:26 am | View Link - A practical case for extending Trump’s corporate tax cuts
ranking close to the Tax Reform Act of 1986 in terms of simplifying the tax code. They also point out that since its passage, the U.S. has not lost a single multinational corporate headquarters ...
05/10/2024 - 4:30 am | View Link - Extending Trump-era tax-code overhaul could stick these 6 groups with a big bill
Many Americans have little experience with tax increases at the federal level. Beginning in the 1980s, Congress has been in the habit of lowering tax rates for individuals and corporations with only ...
05/9/2024 - 9:20 am | View Link - More
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