The AFL-CIO and Americans for Tax Fairness were among the many groups advocating for tax hikes on the wealthiest Americans.
President Donald Trump hailed his signature tax overhaul as a “middle-class miracle.” While studies show many Americans did pay less to the government because of that law, big banks appear to have emerged as some of the biggest winners. The nation’s six top banks saved $US18 billion in 2019 as […]
When Republican lawmakers passed $US1.5 trillion tax cuts in 2017, they promised they would pay for themselves. But a year and a half later, a key GOP congressman who helped craft the sweeping legislation has walked back that claim. The remarks were a departure from a central assertion Republican lawmakers […]
President Donald Trump’s tax cuts passed in 2017 appear to be partly behind the slowing housing market. The new law increased after-tax home-ownership costs and reduced incentives to own homes, through measures such as a cap on the amount of mortgage debt on which interest is deductible. While the tax […]