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Personal taxes

Donald Trump tax cut: Huge, vague and likely mild boost for economy

in 2017/Top Headlines by

President Donald Trump‘s team boasted Wednesday that its tax-cut plan would lighten Americans’ financial burdens, ignite economic growth and vastly simplify tax filing. Yet the proposal so far remains short of vital details, including how it would be paid for. And based on the few specifics spelled out so far, most experts suggest that it would add little to growth while swelling the budget deficit and potentially handing large windfalls to wealthier taxpayers. Trump’s plan would replace the current seven…

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GOP: Cut taxes, change brackets; but what about deficits

in 2017/Top Headlines by

Congressional Republicans are planning a massive overhaul of the nation’s tax system, a heavy political lift that could ultimately affect families at every income level and businesses of every size. Their goal is to simplify a complicated tax code that rewards wealthy people with smart accountants, and corporations that can easily shift profits — and jobs — overseas. It won’t be easy. The last time it was done was 30 years ago. Senate Majority Leader Mitch McConnell, R-Ky., and Speaker…

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Hillary Clinton, Donald Trump battle fiercely over taxes, race, terror

in 2017/Top Headlines by

In a combative opening debate, Hillary Clinton emphatically denounced Donald Trump Monday night for keeping his personal tax returns and business dealings secret from voters and peddling a “racist lie” about President Barack Obama. Businessman Trump repeatedly cast Clinton as a “typical politician” as he sought to capitalize on Americans’ frustration with Washington. Locked in an exceedingly close White House race, the presidential rivals tangled for 90-minutes over their vastly different visions for the nation’s future. Clinton called for lowering…

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Hillary Clinton aide says Bernie Sanders backers to come around

in 2017/Top Headlines by

The Latest on the Democratic National Convention and 2016 presidential campaign. (all times EDT): 7:10 p.m. A Hillary Clinton campaign adviser says he’s not worried about winning over Bernie Sanders’ supporters. “Most of them are going to come around.” That’s what John Podesta thinks. Podesta says he knows there are some in the Sanders camp who are still “emotional” and wish Clinton didn’t win more votes than the Vermont senator in the race for the Democratic presidential nomination. But Podesta…

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Democratic donors, allies offer reward for Donald Trump tax returns

in 2017/Top Headlines by

The wealthy Democratic donors, many of them executives who run complex businesses, know firsthand how revealing tax returns can be. Perhaps that’s why they can’t stop talking about Republican nominee Donald Trump‘s refusal to release his. In their suites at the Ritz Carlton hotel, where many are staying during this week’s Democratic convention, and at its auxiliary swanky parties, the supporters of Hillary Clinton are sounding the alarm about Trump’s break with decades of presidential campaign tradition. Clinton put out…

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