Archives: Tax

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Four Things to Know: What the Election Results Mean for Tax Policy

When Republicans muscled the Tax Cut and Jobs Act through Congress in late 2017, all Democrats could do was howl from the sidelines. Procedurally, Republicans didn’t need Democrats’ support to approve the sweeping tax overhaul for corporations and individuals. When Democrats take the House majority in January, they will use their new investigative powers to … Continue Reading

House Votes Today on ‘Tax Reform 2.0,’ But Senate Action Unlikely Before Elections

The House today is likely to approve legislation to make permanent the individual and small-business tax cuts that Congress enacted in 2017, but the Senate won’t consider the measure before the November midterm elections. Today’s vote is part of a three-bill package of tax relief dubbed “Tax Reform 2.0.” The House on Thursday approved legislation by Rep. … Continue Reading

Congress Unlikely to Approve New Tax Cuts this Year

President Trump and House Republicans are stepping up their calls for an additional round of tax relief this year, but procedural and political roadblocks are likely to thwart the GOP’s election-year tax plans. The sweeping $1.5 trillion tax cut law Congress enacted last December lowers taxes for both individuals and businesses. But most of the … Continue Reading