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These changes under the GOP tax plan affect homeowners After the many twists and turns that the Republican tax-overhaul legislation has taken thus far, it might be unclear to homeowners what's in store for them. In a nutshell, not much that will help them save more on taxes. The bill, expected to receive final approval by lawmakers on Wednesday, includes a ... Tax bill simplifies filing for some but complicates it for others — and don't count on that postcard - Los Angeles Times
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| AT&T Is Handing Out $1000 Bonuses To Its Employees After Tax Bill Passes AT&T is handing out $1,000 bonuses to 200,000 of its U.S. employees after lawmakers successfully passed tax reform on Wednesday. The Dallas-based telecom company also reiterated its promise to invest $1 billion in the country in 2018 if the bill is signed into law. The sweeping tax reform was ...
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| Even After Republican Tax Win, Government Could Still Face Shutdown The bill contains hundreds of pages of changes to the tax code, and the IRS has to figure out how to interpret and implement them at a time when it's strapped for cash and workers. NPR's Brian Naylor reports. BRIAN NAYLOR, BYLINE: The Trump administration is promising that most taxpayers will ...
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| How GOP Tax Plan Is Prime 'Reverse' Robin Hooding Ideally, fair tax legislation should be like Robin Hood: The rich pay their fare share so that the middle-class and poor don't pay an excessive burden. But the $1.5 trillion GOP tax plan is more like a reverse Robin Hood. Businesses and corporations do very well while the poor and middle class get crumbs ...
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| Good Riddance To The Tax Trade That Caused Billionaires To Lose Billions President Trump's big win on taxes has spared hedge funds and private equity funds the loss of their favored loophole, the carried interest tax deduction. Apparently, the "carried interest lobby" in the Washington was just too powerful for Trump, chief economic advisor Gary Cohn, and Treasury secretary ...
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| Who Does The Tax Plan Really Benefit? Big companies like Microsoft and Ford and Caterpillar that sell a lot of products overseas - they will have a lower tax rate, as you point out. But the bill also does something else. Right now the government charges U.S. companies taxes on profits they make overseas. So, like, if Apple sells an iPhone in ...
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| The Simple Illogic Of The Tax Bill I've received numerous requests to break down the tax bill in terms of the exact impact on each affected group, but I don't see the point. The problem isn't in the details, it's in the lack of economic logic governing its overall structure. Precisely where the holes were in the Titanic wasn't nearly as significant ...
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Republicans Are About To Pass The Most Important Tax Bill In A Generation Republican members of Congress are racing to pass the tax reform bill so that they can get home in time for Christmas, and it looks like it is actually going to happen. The key is the Senate, and at this point it looks like there will be enough votes, but we have seen surprises before. As I have stated ...
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| AT&T, Boeing Announce New Investments After Historic Tax Reform Vote This isn't fantasy world—This is what our country will look like with a new tax code in 2018.
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| With Tax Reform, AT&T Plans to Increase US Capital Spending $1 Billion and Provide $1000 ... Today, Congress approved legislation representing the first comprehensive tax reform in a generation.
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| WINNING: 9 Things You Need To Know About The Big Republican Tax Reform Late Tuesday night, the Republican Senate passed historic tax reform — a massive package of corporate tax cuts and well-sized individual tax cuts, combined with the repeal of the individual mandate and opening the Arctic National Wildlife Refuge for oil exploration.
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| INSTANT BOOM: American Businesses Announce Major Bonuses For Employees Because Of ... Six American businesses announced on Wednesday that they would both be investing hundreds of millions of dollars in their employees because of Republican tax reform bill that the Senate passed on Tuesday night. AT&T announced that once President Donald Trump signed the bill into law that they ...
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| Analysis of the Final Tax Reform Bill The Final Bill lowers most business and individual tax rates, modernizes US international tax rules, and generally represents the most sweeping reform of the US tax code in more than 30 years. The Final Bill affects how businesses are organized and capitalized, decisions on whether and to what extent ...
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House Passes Trump Tax Plan For Second Time Update: In a vote that almost exactly mirrored yesterday's results, the House once again passed the final Trump tax bill - formerly known as the conference agreement on the Tax Cuts and Jobs Act - by a vote of 224-201. As the Financial Times pointed out, "the vote gives the president a longed-for ...
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| Realtors® Say Tough Work Still Ahead as Tax Reform Bill Heads to President's Desk While Realtors® still have concerns with the overall structure of the bill, fresh limits on the state and local tax deduction, and other changes, the final product is a significant improvement over previous iterations.
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| Tax Cuts & Jobs Act Learn how the recent tax reform bill under President Trump, called the Tax Cuts and Jobs Act (TCJA), affects you. Find tax reform information on tax brackets, new standard deductions, family tax credits and other changes.
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| The Tax Bill After passing the House on Tuesday, the Republican tax bill had to be slightly altered before passing the Senate in order to conform with budget reconciliation rules. That means it had to then go back to the House in its new form, and on Wednesday at about 1 p.m. the House officially passed the final bill.
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| The Top 5 Most Absurd Responses To The GOP's $1.5 Trillion Tax Cut In the biggest legislative victory of the less than a year-old Trump presidency, the House passed the GOP's comprehensive tax reform bill on Tuesday and the Senate quickly followed suit.
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| THE Thread on the Final GOP Tax Bill - Q&A Happy Holidays! As of today, the House and Senate have sent the GOP Tax Plan to the President to sign into law. I've seen numerous threads popping up about the GOP Tax Bill. I wanted to start a thread to consolidate questions and basically provide a user guide (via the Q&A) for years to come.
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| Boeing CEO Muilenburg Applauds Tax Law, Announces $300 Million in Employee-Related and ... CHICAGO, Dec. 20, 2017 /PRNewswire/ -- Boeing [NYSE: BA] Chairman, President and Chief Executive Officer Dennis Muilenburg praised the tax bill passed by Congress and about to be signed into law as a critical driver of business, economic growth and innovation for the United States and for ...
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| GOP tax bill passes Congress Video by Associated Press. The House on Wednesday approved a massive Republican plan to overhaul the tax code, clearing the bill's final hurdle in Congress and sending it to President Trump to be signed into law. The measure passed the House 224 to 201 as overwhelming Republican support ...
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| Tax Cuts and Jobs Act of 2017 The Tax Cuts and Jobs Act is a United States Congressional bill to amend the Internal Revenue Code of 1986, effectively altering the rate of taxation for individuals and businesses. Major components of the bill include: • Reducing tax rates for individuals and businesses;. • Increasing the standard ...
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| Trump May Delay Signing Tax Bill -- to Avoid Spending Cuts Some of you may recall that I railed against the GOP tax plan in part because I believed it sent a signal that we were never going to get serious about spending cuts to reduce the debt and deficit. Always trust content from Patterico! A report says that President Trump may delay signing the tax bill to ...
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| Why A Scathing Wall Street Is Furious At The Trump Tax Plan Back in October 2016, the "millionaire, billionaire, private jet owners" of America's elitist, liberal mega-cities (A.K.A. New York and San Francisco) celebrated the tax hikes that a Hillary Clinton presidency would have undoubtedly jammed down their throats proclaiming them to be a 'patriotic duty'.
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| The Republican Tax Shakedown Grab what we can and stash it away before it's too late. The range of options in the Republican imagination completely excludes the notion of shelving the tax plan and coalescing around a different idea with broad support. The GOP's peculiar mix of fatalism and urgency, secrecy and speed, desperation ...
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| Replace and Repeal Republicans passed the GOP Tax Scam. And in doing so, they demonstrated that they only care about power and their wealthy donors. We will replace them. And then we will repeal the Tax Scam.
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| Macroeconomic Analysis of the Tax Cuts And Jobs Act The Tax Policy Center has released an analysis of the macroeconomic effects of the Tax Cuts and Jobs Act as passed by Congress. We find the legislation would boost US gross domestic product (GDP) 0.8 percent in 2018 and would have little effect on GDP in 2027 or 2037. The resulting increase in ...
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| Congress Approves Tax Reform Bill The Senate and House have passed a tax reform bill that the president is expected to sign by Christmas. Get details on how the changes impact businesses and individuals in 2018 and beyond.
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| Tax Fears? Anonymous Cryptocurrencies Dash, Zcash and Monero Surge in South Korea The prices of three leading anonymous and privacy-focused cryptocurrencies Dash, Monero, and Zcash have surged in South Korea amidst local market's concerns over cryptocurrency investment tax policies.
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| Tax plan has nasty surprise for some parents with kids in college Video by CBS News. Now that Congress has passed a bill overhauling the tax code, many parents of college-age children appear to be in store for an unexpected surprise -- one that could result in a tax hike. The Republican plan makes a series of complex changes to the tax code that, in the end, ...
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| Feinstein: Republican Tax Cut Bill Raises Taxes on Half of American Families Washington—Senator Dianne Feinstein (D-Calif.) today released the following statement after Senate Republicans passed a tax cut bill that will raise taxes on more than half of American families: "Republicans just gave corporations and the richest Americans an early Christmas present at the expense ...
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| New Tax Reform Bill The new tax reform bill has passed both houses of Congress. What do the changes mean for students, parents, and colleges? Learn more.
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JCT: Millions of Households Face Tax Increase or No Tax Benefit Millions of households would face tax increases or get little from the tax bill that the House and Senate are soon expected to pass — even before most of its individual income tax provisions would sunset in 2025, new Joint Committee on Taxation (JCT) estimates show. That's in stark contrast to claims ...
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| Expand Tax Breaks to Expand Education The Tax Cuts and Jobs Act is working its way through both chambers in an attempt to make it onto President Trump's desk before Christmas.
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| A look at some winners and losers under the GOP tax plan Count President Donald Trump among the personal winners in the $1.5 trillion tax package that Republicans in the House and Senate passed Wednesday. It's not only a political score for Trump but likely a windfall for his real estate empire, too.
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Left Blows Gasket Over Passage Of Historic Tax Cut Bill Democrats far and wide are melting down over Republican passage of President Trump's historic Tax Cuts and Jobs Act, falsely claiming it only benefits the very wealthy and leaves the middle class abandoned. Leading Democrats like Sens. Chuck Schumer (D-NY) and Nancy Pelosi (D-Calif.) ...
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| Woman accused of killing husband pleads guilty to $10G tax fraud A dental hygienist accused of murdering her wealthy husband admitted Tuesday to cheating the state and city out of $10000 in taxes.
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| How to Magically Turn a Spending Cut into a Tax Increase I don't focus much on media bias because journalists generally aren't dishonest. Instead, they choose which stories to highlight or downplay based on what advances their political agenda. Though every so often I'll highlight an example of where bias leads to an egregious (maybe even deliberately ...
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| Tax Cuts, Growth and Debt It now appears likely that the Republicans will get their tax cuts through Congress and signed by President Trump. This will be a political accomplishment.
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| Hey America, What Will You Do with All Your Tax Savings? Andrew Castleby, 36, Poet, Milwaukee, WI, Annual Income – $9,736 (Estimated Tax Savings $10) "I've already bought a three pack of wool-blend socks." Francine Battes, 23, Graduate Student, Tuscaloosa, AL, Annual Income – $17,500 (Estimated Tax Savings $50) "Well, I'm really glad my tuition waiver ...
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| Statement on Senate Passage of Tax Cuts and Jobs Act Conference Report WASHINGTON—House Speaker Paul Ryan (R-WI) issued the following statement after the Senate passage of the conference report to H.R. 1, the Tax Cuts and Jobs Act: "After years of work, we are going to enact the most sweeping, pro-growth overhaul of our tax code in a generation. Americans are ...
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| A Tax Win… But for Whom? BALTIMORE – After a year of defeat and disorder, it finally looks like Republicans have managed a legislative victory. The stock market celebrated Monday with the Dow hitting a new record high. "Buy the rumor; sell the news." That's what the old timers say. The rumor was that this tax bill would light a ...
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| Distilled Spirits Council Lauds Tax Reform's Federal Excise Tax Reduction on Beverage Alcohol The Distilled Spirits Council today issued the following statement from Council President & CEO Kraig R. Naasz on congressional passage of a two-year version of the Craft Beverage Modernization and Tax Reform Act as included in the comprehensive tax reform package, the Tax Cuts and Jobs Act.
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