U.S. industries can start counting their benefits from tax law
Craft breweries are raising a glass to the new tax overhaul. Retailers, long saddled with heavy tax bills, will get relief. So will some high-profile names in corporate finance.
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Wealthy Americans flood advisers to take advantage of tax law
The new tax law will be anything but simple for many affluent Americans, who are now inundating their accountants for advice.
Tax overhaul could mean fallout for state, local governments
The big changes in the federal tax code aren’t happening in a vacuum. They will force officials in most states to decide whether to apply similar changes, while some residents ponder whether they now might be better off living somewhere else.
Notre Dame to pay millions under tax reform bill
A university spokesman says the sweeping overhaul of the nation’s tax laws that Congress approved Wednesday would cost the university up to $9 million per year.
Congress delivers massive tax reform package to Trump’s desk
The epic overhaul of U.S. tax laws offers generous tax cuts for corporations and the wealthiest Americans while providing smaller cuts for middle- and low-income families. It’s projected to increase the national debt while potentially boosting economic growth.
Senate moves tax cut legislation to brink of final passage
After midnight—as protesters interrupted with chants of "kill the bill, don't kill us"—the Senate narrowly passed the legislation on a party-line 51-48 vote.
UPDATE: Forecast projects $400M less in tax revenue for Indiana
Much of the anticipated shortfall is due to a sharp decline in corporate income tax collections as businesses claim all the state tax credits they’re entitled to, rather than applying them in future years.
Trump relishes progress on rolling back federal rules
The Office of Information and Regulatory Affairs said the administration completed 67 deregulatory actions and taken three regulatory actions through the end of September that would result in a cost savings of $570 million a year.
GOP has deal on tax cuts, could send bill to Trump by Christmas
Confident congressional Republicans forged an agreement Wednesday on a major overhaul of the nation's tax laws that would provide generous tax cuts for corporations and many Americans.
Two questions loom over House-Senate talks over tax bill
How do you satisfy demands of the rebellious GOP lawmakers from high-tax states who demand concessions over a cherished deduction? And how do you pay for those concessions?
Senate change on proposed endowment tax could spare some schools
A few dozen private college endowments could dodge a bullet with the sweeping tax bill approved by the Senate early Saturday morning after a last-minute amendment.
Senate OKs tax bill as Trump, GOP near big legislative win
A burst of 11th-hour horse trading gave a party starved all year for a major legislative triumph the votes it needed.
McConnell confirms votes are there to pass tax-cut bill
GOP leaders hope to vote on Friday and send the measure to a House-Senate conference to work out the differences. They want to deliver a bill to President Donald Trump by Christmas.
Senate GOP presses ahead on tax bill, gets McCain’s backing
Senate Republicans on Thursday pushed ahead on a sweeping revamp of the nation's tax code, with Majority Leader Mitch McConnell expressing confidence of final passage by week's end and a key Republican getting on board.
Trump signals openness to changes in GOP tax plan
President Donald Trump said Monday that changes to the Republican tax bill are coming, as he looks to win over holdout GOP senators in an effort to pass the package by the end of the year.
House passes GOP tax-cut bill; Senate version’s fate less clear
Republicans passed a near $1.5 trillion package overhauling corporate and personal taxes through the House on Thursday, edging President Donald Trump and the GOP toward their first major legislative triumph this year.
Senate Republicans toss potential Obamacare bomb into tax bill
The plan released Tuesday night by Senate Republicans mixes two red-hot debates by adding a repeal of the Obamacare law’s individual mandate to their tax legislation.
Pence’s short trip to NFL game cost Indianapolis police $14K
A left-leaning policy group sought details about expenses surrounding Mike Pence’s Oct. 8 trip and found the Indianapolis Metropolitan Police Department's costs included nearly $11,500 in overtime for tactical and traffic officers.
Senate GOP tax bill would delay biz cut, undo deductions
Senate Republicans revealed the details of their sweeping tax legislation Thursday, including a one-year delay in plans for a major corporate tax cut despite strident opposition from the White House and others in their own party.
Pence touts GOP tax overhaul in visit to Indiana
Vice President Mike Pence said Thursday that a GOP effort to overhaul the U.S. tax code for the first time in three decades is neither a Republican or a Democrat issue, but a "jobs issue."