As such, if this tax reform bill passes both houses of Congress, lawmakers should consider keeping in place the existing rules created to spur beneficial public projects.
The Senate bill, however, retains the tax exemption on municipal bonds, a choice we consider wise. A recent NRF analysis found that reducing the corporate tax rate to 20 percent could result in the creation of between 500,000 and 1.5 million new jobs throughout the economy.
I am having a hard time getting worked up about a tax deduction being taken away from someone who pays $4,000 to pay $3,000 for Duke season tickets.
The AP said that a day before those projections for the Senate bill, Wisconsin Sen. It's going to be jobs growth, job opportunities and, ultimately, it's going to mean increased economic activity and an increased number of people that are in the workforce that are working, that are paying taxes. If the Senate is able to pass the bill and the two versions are negotiated, how would you feel about ending the mandate as part of the tax bill?
College athletic administrators are anxious that proposed reforms in the House's tax bill, which passed Thursday, will have major effects on their programs' funding.
Q: The House bill would eliminate the estate tax after 2024. I have heard the voices of those I represent, and it is clear that they deserve a tax cut. Standard deductions are doubled to $12,000 for individuals and $24,000 for couples, and the per-child credit is raised from $1,000 to $1,600 and extends to families earning up to $230,000.
He welcomed expansion of the child tax credit and a provision that incentivizes paid family and medical leave, but called for that provision to continue beyond 2019, when the bill calls for it to end. I know there's trade-offs, but I think the tax code has become too full of this deduction, that deduction, loopholes, whatever. In neither analysis do the tax cuts pay for themselves.
"Static modeling overlooks the fact that if the reduced corporate tax grows the economy, and there are a lot of studies that show it would - you cut taxes now and make up for it later by growing companies' revenues, which will then be taxed".