Yesterday, the New York Times reported Donald Trump may have paid no federal income tax for nearly two decades. Leaked excerpts of Trump’s 1995 tax returns showed huge losses that the real estate mogul could have used to offset other income and zero out his income tax liability for many years.
Congress in recess. The Daily Deduction will return to its regular schedule on Monday, October 19. “Hey, hey Paul…” House Ways & Means Chair Paul Ryan remains under the glaring spotlight of a party that wants him to be the next Speaker of the House. Representative Tom Cole of Oklahoma believes
This post originally appeared on Up Front , the Brookings Institution's blog. There is, for good reason, a lot of focus these days on the widening gap between the top and the bottom in the U.S. economy. Since it’s (almost) Tax Day, that April 15 deadline for filing tax returns, it’s a good time to