Now that the voters have given Republicans control of the White House, House and Senate, there is a real opportunity to achieve comprehensive, pro-growth tax reform.
Nonprofits with huge endowments need to change. Otherwise, they, too, might be subject to Section 531 of the U.S. Tax Code.
In a national speech on Wednesday, President Donald Trump framed the tax reform debate that will continue to unfold when Congress returns next week. Here are four ways to change our tax code to boost economic growth.
“What we are proposing on the individual side is get rid of the loopholes, get rid of the carve-outs, just lower people’s tax rates,” Ryan said.
Congress is pivoting to tax reform, which if done correctly, should replace a list of draconian Obama-era regulations that went to extraordinary lengths to keep American companies from leaving the U.S.
The IRS is warning tax professionals that email-based phishing scams are putting their business and client data at risk, but a tax preparer in Vermont says the IRS is to blame.
Since Trump’s inauguration, we have averaged nearly 184,000 new jobs per month, but that is without major substantive reforms like repealing Obamacare or tax cuts. Instead, gains have likely come from reductions in harmful regulations that make it easier to run businesses in the U.S.
For the first time in many years, state spending isn’t growing faster than our ability to pay for it. And, not a single piece of legislation that I signed created or raised taxes or fees.
The Agency of Natural Resources has fined two salvage companies in the past two months for failing to keep up with state permitting and environmental regulations. Fines on the small local businesses total just shy of $35,000 in combined penalties.