Topics :: taxes

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AP FACT CHECK: Trump vs. Grassley on Tax Cuts in History

AP FACT CHECK: Trump vs. Grassley on Tax Cuts in History

By Calvin Woodward | Oct 14
President Donald Trump is going around mischaracterizing his tax plan as the largest tax cut in U.S. history and a Republican senator is calling him out on it.

How Trump Tax Plan Would Alter Mortgage Interest Deduction

How Trump Tax Plan Would Alter Mortgage Interest Deduction

By Josh Boak | Oct 12
Estimates by the real estate firm Zillow suggest that someone buying a home worth at least $305,000 today would still qualify for the deduction. But under the Trump plan, only homes worth $801,000 or more would receive the deduction.

AP FACT CHECK: Trump Seems Unaware NFL Pays Taxes

AP FACT CHECK: Trump Seems Unaware NFL Pays Taxes

By Simmi Buttar | Oct 11
President Donald Trump suggested the U.S. change its tax laws to punish organizations such as the NFL; actually, the NFL gave up its tax exempt status two years ago and its 32 teams pay taxes already.

Trump Promises Massive Tax Cut but the Poor Would Get Little

Trump Promises Massive Tax Cut but the Poor Would Get Little

By Stephen Ohlemacher | Oct 7
President Donald Trump promised Americans "the largest tax cut in our country's history." But for low-income households, Trump's plan would amount to crumbs.

GOP Tax Cut: Small Biz Boon or Loophole for Rich and Trump?

GOP Tax Cut: Small Biz Boon or Loophole for Rich and Trump?

By Marcy Gordon | Oct 4
A key provision would slash tax rates for a special kind of business set up by owners of profitable firms, including Trump and his family.

How Tax-Cut Plan Could Benefit Trump and Wealthy Staffers

How Tax-Cut Plan Could Benefit Trump and Wealthy Staffers

By Josh Boak and Jeff Horwitz | Sep 30
The blueprint for President Tump's proposed tax plan suggests that wealthy Americans, including several in Trump's administration, would likely enjoy a financial windfall.

 Trump, GOP Tax Plan Cuts Rates, Nearly Doubles Deduction

Trump, GOP Tax Plan Cuts Rates, Nearly Doubles Deduction

By Marcy Gordon and Andrew Taylor | Sep 27
President Donald Trump and congressional Republicans are proposing a far-reaching, $5 trillion plan Wednesday that would cut taxes for individuals and corporations, simplify the tax system and nearly double the standard deduction.

AP Interview: Ryan Opens Door to Tax Cuts Adding to Deficit

AP Interview: Ryan Opens Door to Tax Cuts Adding to Deficit

By Erica Werner | Sep 15
House Speaker Paul Ryan backed off months of promises that the Republicans' tax plan won't add to the nation's ballooning deficit, declaring Wednesday in an AP Newsmaker interview that the most important goal of an overhaul is economic growth.

Senate GOP Looking for Budget Deal to Open Way to Tax Redo

Senate GOP Looking for Budget Deal to Open Way to Tax Redo

By Marcy Gordon | Sep 12
Pushing toward the Republicans' prime goal of tax legislation, the GOP Senate leader and members of the Budget Committee are scrambling to come up with a budget deal to clear the way for the first tax overhaul in three decades.

AP FACT CHECK: Trump on Taxes

AP FACT CHECK: Trump on Taxes

By Josh Boak and Catherine Lucey | Sep 9
President Donald Trump headed to North Dakota to discuss his tax overhaul plans Wednesday, but not all of his speech lined up with the facts about the tax code and the state of the U.S. economy.

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