The path to tax reform in 2017 is getting bumpier. House Ways & Means Chairman Kevin Brady still promises that tax reform will happen this year. But Senate leaders keep questioning a key element of the House plan.
Donald Trump says he’d eliminate the tax break on carried interest. What he doesn’t say is he’d give the investment managers who now benefit from that scheme an even bigger tax cut than they get today. And, it turns out, Trump’s new tax regime would not only benefit hedge fund managers, but also
Next week on the Hill … Maybe a shutdown , maybe not, and also a couple of Senate Finance Committee hearings. On Tuesday, the panel will hold a hearing on Puerto Rico’s debt crisis . On Thursday, it will consider improper payments made through federal programs including Medicare, Medicaid, and the
The corporate-only tax reform could raise taxes on many small businesses, unless… TPC’s Eric Toder testified last week to the House Small Business Committee on how corporate tax reform could hurt small businesses that usually report income on their owner’s individual tax returns. In his latest blog
Closer and closer to a deal? The Tax Cuts and Jobs Act conference committee will have its first open meeting on Wednesday. However, House GOP leaders say the bill is not likely to reach the floor this week.
Donald Marron, Institute Fellow at the Urban-Brookings Tax Policy Center, testified before the US Senate Committee on Finance as part of the hearing "Business Tax Reform." Marron presented seven main points about business tax reform based on the proposals that have been discussed by the Congress,
On April 26, 2017, the White House released a brief outline of its proposed “2017 Tax Reform for Economic Growth and American Jobs.” This short paper lays out what we know about the Administration’s tax plan as well as preliminary suppositions about unspecified components. This work will form the