Topics :: taxes

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5 Top EU Economies Warn U.S. About Tax Plans

5 Top EU Economies Warn U.S. About Tax Plans

By Raf Casert | Dec 11
The European Union's top five economies are warning the United States that its massive tax overhaul could violate some of its international obligations and risks "having a major distortive impact" on trade.

AP FACT CHECK: Blue High-Tax States Fund Red Low-Tax States

AP FACT CHECK: Blue High-Tax States Fund Red Low-Tax States

By Stephen Ohlemacher | Dec 11
Republican leaders have spent months promoting the myth that red low-tax states are subsidizing blue high-tax states because of the deduction for state and local taxes. An Associated Press Fact Check finds it's actually the other way around.

Bought a $450M Painting? In NY, Don't Worry About the Tax

Bought a $450M Painting? In NY, Don't Worry About the Tax

By Karen Matthews | Dec 9
New York collects sales tax on even the smallest items, but it probably won't collect a cent on a nearly half-billion dollar painting by Leonardo da Vinci.

Those Tax Breaks in the GOP Plan? Enjoy Them While They Last

Those Tax Breaks in the GOP Plan? Enjoy Them While They Last

By Josh Boak | Dec 4
Republican senators made a decision: They would make the income tax cuts for individuals only temporary, in order to pay for making the tax cuts for corporations permanent.

Death and Taxes - All About the Estate Tax Debate

Death and Taxes - All About the Estate Tax Debate

By Sarah Skidmore Sell | Nov 28
The estate tax symbolizes a major issue at the heart of the tax overhaul debate: Whether the Republican proposals unfairly provide more benefits to the wealthy over low- and middle-income Americans.

Winners and Losers Under the Senate Tax Overhaul Proposal

Winners and Losers Under the Senate Tax Overhaul Proposal

By Marcy Gordon | Nov 18
The ultra-wealthy, especially those with dynastic businesses - like President Donald Trump and his family - do very well under a major Republican tax bill moving in the Senate, as they do under legislation passed this week by the House.

Trump Barges into Tax Debate, Seeks Deeper Cut for Wealthy

Trump Barges into Tax Debate, Seeks Deeper Cut for Wealthy

By Kevin Freking and Marcy Gordon | Nov 13
President Donald Trump on Monday barged into congressional Republicans' carefully calibrated work on revamping the nation's tax code, calling for a steeper tax cut for wealthy Americans.

Schumer: Tax Plan Spells Trouble for Republicans

Schumer: Tax Plan Spells Trouble for Republicans

Nov 10
Minority Leader Chuck Schumer is warning Republican colleagues in the House not go through with the current GOP tax cut plan, because the same considerations are not being put in on the Senate side.

GOP Tax Bill Would Kill Deduction for Student Loan Interest

GOP Tax Bill Would Kill Deduction for Student Loan Interest

By Maria Danilova | Nov 8
Millions of Americans would lose the ability to deduct up to $2,500 in student loan interest under the Republican tax bill, a proposal that education advocates say will make college less affordable.

In High-Tax States, Worries About Pain from GOP Tax Plan

In High-Tax States, Worries About Pain from GOP Tax Plan

By David Porter and Geoff Mulvihall | Nov 7
Homeowners in high-tax states are wondering whether the Republican bill being sold as a tax cut would actually result in higher bills for them.

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