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The Latest News about tax reform

The latest news on the Republican party’s effort to enact the first tax reform since 1986. Full versions of the House and Senate bills, analysis of the bills, vote counts and updates on Congress’ progress to pass the tax reform Americans want.

Senate passes tax cut bill along party lines; tough fight ahead

Trump taxes

The U.S. Senate passed early Saturday its version of tax reform by a 51-49 vote that split along party lines. The bill passed despite anti-Trump Republican Senator Bob Corker (TN) voting with all 47 Democrats and two Independents against the bill. Corker favored a liberal-friendly “trigger” added to the legislation that would have re-raised taxes if deficits increased in future ...

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Watch: Trump touts tax reform at Missouri event

President Donald Trump on Wednesday will speak about tax reform to an invitation-only crowd of about 1,000 people in St. Charles, Missouri. The president’s speech is expected to “emphasize the need for tax relief for the American economy,” according to an administration official. “Missouri is a great place to go to talk about putting American workers on a level playing field in ...

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Senate tax plan a gift to Democrats running in 2018

Taxes are killing small business

President Donald Trump laid out simple, key goals for tax reform because he knew the messaging needed to be clear, concise and appetizing if Republicans were going to be able to bring working families on board and claim victory in 2018. The president wanted a tax code simplified to the point that annual filings could be done on a postcard, ...

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Orrin Hatch tells Sherrod Brown that Democrat talking points are ‘crap’

Orrin Hatch

Sens. Orrin Hatch (R-UT) and Sherrod Brown (D-OH) got into a heated debate after Republicans voted the tax reform bill out of the committee. During the exchange, Brown drops into a series of false Democrat talking points and Hatch gives him an earful. “I really resent anyone saying I’m just doing this for the rich. Gimme’ a break,” Hatch complained. “I ...

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Watch: Vice President Pence Delivers Keynote Address at Tax Foundation Event [video + transcript]

Mike Pence speech 2017 Tax Foundation

Vice President Mike Pence delivered the keynote address at the 2017 “Tax Prom” an annual event put on by the Tax Foundation. Full transcript of Vice President Pence’s speech at 2017 Tax Foundation “Tax Prom” THE VICE PRESIDENT: Thank you, David, for that kind introduction. Thank you for your leadership here at the Tax Foundation as chairman of the board. ...

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House Passes Tax Reform 227-205 – Here’s what’s in the bill and the 13 GOP Reps Who Voted No

House vote on tax reform

The U.S. House of Representatives passed their version of tax reform on Thursday afternoon by a largely party-line vote. H.R. 1, the Tax Cuts and Jobs Act, passed by a 227 to 205 vote with all Democrats and 13 Republicans voting against the measure. The 13 Republicans that voted no were: Tom McClintock (CA) Dana Rohrabacher (CA) Darrell Issa of (CA) ...

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What’s in the House Tax Reform Bill

Republican tax reform filing form

The House of Representatives filed H.R. 1, their version of tax reform, on Thursday that included tax cuts for businesses, business owners, and middle-income families, but the Republicans stopped short of what would truly have been a generational tax reform. House Speaker Paul Ryan told reporters Tuesday that the bill would lower the tax bill of median-income Americans by about ...

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H.R. 1 The House Tax Reform Bill [Full Text]

On November 2, House GOP leadership announced their bill to achieve tax reform. It lowers taxes on businesses, business owners, and middle-income earners. The wealthy see little relief and will continue to shelter their money away from the economy which is status quo for them, and bad for the rest of the nation. The title isn’t sexy – To provide for ...

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GOP may destroy tax reform with 4th Bracket

elite media print fake stories

Republicans in Congress are good at one thing – snatching defeat from the jaws of victory. An announcement last Friday that they’ll buckle to Democratic party pressure and add a fourth tax bracket could turn President Trump’s tax reform into a ho-hum affair for the economy and a win for progressives. House Speaker Paul Ryan made the case for another ...

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The Compelling Case for Tax Reform

Congress is currently considering revamping our tax system and reducing tax rates. Nearly all of the options being discussed for inclusion in the eventual tax reform bill are positives for our economy and for all Americans. Among those proposals in the tax reform legislation are: reduction of the corporate tax rate from 35 to 20 percent, and reduction of small ...

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Tax reform looking good for middle class, despite naysayers

Trump taxes

“Why are the naysayers so determined to block tax reform efforts on Capitol Hill?  There’s all too much negativity among folks like Chuck Schumer and Nancy Pelosi.  But the reality is that there is widespread optimism that tax reform can become a reality in 2017.  Most on the left side of the aisle likely will not support efforts to improve ...

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House Passes 2018 Budget Along Party Lines

House passes 2018 budget

The U.S. House of Representatives passed its 2018 budget bill Thursday morning in a vote split along party lines. The 216-212 vote is a key next step to getting President Donald Trump‘s tax reform legislation passed. All 192 Democrats present voted against the bill along with 20 Republicans. Democrats have spent weeks demonizing the budget and the tax reform initiative ...

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Trump heads to Capitol to lead on tax reform

Trump taxes

President Donald Trump will meet Tuesday with Senate Republicans on Capitol Hill to pull them together on tax reform. “We’re certainly looking for the president to put the full force and power into helping put through a good tax reform bill,” said Senate Finance Committee Chairman Orrin Hatch (R-UT). Pushing tax reform through the House of Representatives is expected to be simple ...

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