EconomyNews
House GOP Unveils Details of Tax Reform Bill
The details of the Republican tax reform plan released Thursday mostly reflect the goals laid out by President Donald Trump, including cutting the corporate tax… Read More
EconomyCommentary
GOP Tax Plan Would Revitalize US Economy, Give Significant Tax Relief
House Republicans unveiled their plan to update the nation’s tax code on Thursday. If they are successful at passing the plan—known as the Tax Cuts… Read More
EconomyNews
24 House Republicans From Blue States Resist Pressure to Embrace Costly Tax Deduction
Twenty-four Republican lawmakers from high-tax states voted for the House budget resolution last week, despite pressure to oppose it because of the possible elimination of… Read More
EconomyCommentary
This Tax Deduction Forces Americans to Subsidize High-Tax States
Every year when Americans file for their tax returns, the federal government allows them to deduct their state and local taxes, including their property taxes…. Read More
EconomyNews
Small Business Owner in Trump Country Explains Why Tax Reform Will Help the 99%
SEDALIA, Mo.—As Republicans prepare to unveil the details of their major tax reform proposal this week, a small business owner in America’s heartland is speaking… Read More
EconomyCommentary
Keeping the Death Tax Would Make No Sense at All
Congress is set to unveil more details of its tax reform proposal this week, and many people fear that the death tax—also known as the… Read More
EconomyCommentary
Property Tax Deduction Is a Huge Boon to Wealthy Taxpayers, Not Average Americans
Tax reform is supposed to be about lowering rates and getting rid of deductions and credits to help generate higher economic growth, and to let… Read More
EconomyCommentary
How Keeping the Property Tax Deduction Could Backfire on the Middle Class
On the eve of the release of their tax reform proposal, GOP leaders are considering keeping the property tax portion of the state and local… Read More
EconomyNews
146 in Real Estate Industry Buck National Group by Backing GOP Tax Plan
Nearly 150 real estate professionals from 34 states Monday urged congressional Republicans to pass their tax reform package, saying it would “unleash economic growth, create… Read More
EconomyCommentary
Why Adding a New Top Income Tax Rate Is a Bad Idea
One of the most critical ingredients in “pro-growth” tax reform is lowering tax rates for everyone. Conservatives have championed this goal for a long time…. Read More
EconomyNews
Conway, McMorris Rodgers Tout Tax Reform to Minority Entrepreneurs
A counselor to the president and the chairwoman of the House Republican Conference told a gathering of minority entrepreneurs that the GOP tax reform plan… Read More
EconomyNews
Tax Reform Means Higher Pay for Americans, Council of Economic Advisers Predicts
Lowering the corporate tax rate will spur economic growth and encourage business owners to invest more in their businesses, leading to higher wages for employees,… Read More
EconomyCommentary
Democrats Have Done a 180 on Corporate Taxes. Here’s What They Said Last Year.
The president proposed cutting the corporate tax rate in his budget. He wrote that cutting the rate to 28 percent was necessary for “putting the… Read More
EconomyNews
Citing Tax Reform, Nominations, Sen. David Perdue Explains His Push for 24/7 Senate Schedule
This is a transcript of an interview Sen. David Perdue, R-Ga., gave The Daily Signal on Tuesday. Rachel Del Guidice: Hello, everyone, and welcome to… Read More
EconomyNews
How Tax Reform Could Empower This Drive-in Theater Owner to Expand Her Business
A Colorado woman who owns a drive-in movie theater in suburban Denver says she supports tax reform so she can expand her business and create… Read More
EconomyNews
Conservative Lawmakers List Main Goals for Tax Reform
Conservative lawmakers said any tax reform plan needs to benefit the middle class and begin to address the national debt. “Let’s just focus on designing… Read More
EconomyNews
Pence: ‘Everyday Working People’ to Benefit Most From Tax Reform
Saying that Americans get hit hardest when the country can’t compete with the rest of the world because of its tax code, Vice President Mike… Read More
EconomyNews
GOP Senator and Former CEO Warns: ‘Important’ to Do Tax Reform in 2017, Not Later
If Congress doesn’t pass tax reform, there could be significant economic consequences, a leading senator and business leader said Tuesday. “We are doing things differently… Read More
EconomyCommentary
Here’s How We’re Making Real Progress Toward Tax Reform
It’s not every day that good news comes out of Congress, but last week the United States Senate made firm progress on tax reform that… Read More
EconomyCommentary
My Bill Would Stop Tax Dollars From Subsidizing the NFL
NFL players have protested the national anthem for a little over a year now. First, they kneeled for Black Lives Matter, then against “police brutality.”… Read More
EconomyCommentary
We Hear You: Debt, Democrats, Deductions, Deficit-Spending, and the Tax Code
Editor’s note: We’ve had so much reader input on Republicans’ tax reform proposals that we’re devoting a second consecutive compilation to it. Enjoy, and don’t… Read More
EconomyNews
Democrat Didn’t Fire Top Staffer, Who Earned $170K, for Tax Evasion Conviction
The chief of staff to Rep. Bennie Thompson spends his days in the halls of Congress and his weekends in jail for tax evasion, after… Read More
EconomyNews
In 1986, Most Senate Democrats Voted for Tax Reform
More than 30 Senate Democrats voted for President Ronald Reagan’s Tax Reform Act of 1986—including one still in office today—and conservatives say Democrats today have… Read More
EconomyCommentary
The Facts About Who Pays the Most in Taxes in America
Politicians exploit public ignorance. Few areas of public ignorance provide as many opportunities for political demagoguery as taxation. Today some politicians argue that the rich… Read More
EconomyNews
Trump: Tax Reform ‘Will Lift Our People From Welfare to Work’
President Donald Trump promoted his tax reform plan at The Heritage Foundation’s President’s Club, and also touted American values, the Constitution, and “God-given rights.” “We… Read More
EconomyNews
Deduction for State and Local Taxes Stunts Economic Growth, Group Warns
Congress should get rid of federal taxpayers’ deduction for state and local income taxes because it ends up costing most taxpayers billions of dollars, an… Read More
EconomyCommentary
5 Ways Republicans Could Ruin Tax Reform
Policymakers want to unleash economic growth in America by fixing our broken tax system. Or so they say. Now that the conversation has moved beyond… Read More
EconomyNews
New Report: GOP Tax Reform Could Boost Household Income by $4,000
A study released Monday by the president’s Council of Economic Advisers found that congressional Republicans’ tax reform framework would produce thousands of dollars in income… Read More
EconomyCommentary
Here’s How the Tax Code Helps Rich Taxpayers in Big Government States Pay Less
As Congress works on tax reform, it is worth noting how politicians and interest groups use the code for their benefit often at the expense… Read More
EconomyCommentary
We Hear You: The IRS, the Rich, the Nanny State, Republicans, Trump, and Tax Reform
Editor’s note: As you probably noticed, The Daily Signal has made tax reform a focus of our coverage and commentary. Here is some of what… Read More
