Tax

U.S. Stocks Dip as Investors Digest Trump Tax Plan: Markets Wrap

U.S. stocks slid as investors weighed the impact of the Republican tax proposal that would dramatically cut levies on corporations and the wealthy. Politics dominated trading in Europe, with the euro sliding after the German election, giving European stocks a boost. The S&P 500 Index opened lower, while the Stoxx Europe 600 Index climbed. The euro weakened against almost all its ...

Read More »

Trump promising huge tax cut; focus on taxes vs health care

Marcy Gordon, Associated Press Updated 2:46 am, Monday, September 25, 2017 Photo: Brynn Anderson, AP In this Sept. 22, 2017, photo President Donald Trump speaks at a campaign rally in Huntsville, Ala. Trump says he wants to lure Democratic lawmakers to sign on to a Republican-crafted tax overhaul plan. But negotiators must grapple with the reality that any handouts to Democrats ...

Read More »

Ard suggests capping CVB’s portion of lodging tax revenues in future | Decatur

Decatur City Council President Chuck Ard suggested during budget talks last week that the council consider capping the Decatur-Morgan County Convention and Visitors Bureau’s portion of lodging tax revenue and using projected revenue growth to boost the general fund. Ard also said the CVB can’t take credit for growing lodging tax revenue. That credit should go to the city’s three ...

Read More »

Tax reform, tech and the latest on the housing market

As noted earlier, we’ll be getting a consumer confidence reading this week, with he Conference Board’s gauge due out on Tuesday. The more closely watched measure, though, is the one put out by the University of Michigan. In the most recent measure, the level of confidence is at 65 percent. While that all seems well and good, famously contrarian economist ...

Read More »

Trump said to be getting tax plan targeting 20 percent corporate rate

Republican tax negotiators are targeting a corporate tax rate of 20 percent, according to two people familiar with the matter. That would be higher than President Donald Trump wants — setting up a key decision for the president on a top legislative priority. Trump has called for cutting the corporate rate to 15 percent, down from the current 35 percent. The ...

Read More »

Milk, 3-in-1 coffee excluded from proposed sweetened beverage tax | Headlines, News, The Philippine Star

MANILA, Philippines — Milk, three-in-one coffee mix and infant formula are excluded from the proposed excise tax on sweetened beverages under the Senate version of the Tax Reform for Acceleration and Inclusion (TRAIN) reported out in plenary last week. Sen. Sonny Angara, chairman of the Senate ways and means committee, presented for approval Senate Bill 1592 or the proposed TRAIN that ...

Read More »

Commentary: Include employee profit-sharing in tax reform

By Joseph R. Blasi, Douglas L. Kruse and Richard B. Freeman For the Tribune News Service Now that the Trump administration is inching toward tax reform, the country needs a big bipartisan idea to ensure the changes enacted benefit the working middle class. The Tax Policy Center’s best estimate as of August is that the administration’s concepts will on average ...

Read More »

Weighing The Week Ahead:  Time For Tax Reform?

With the FOMC decision behind us and a moderate data calendar, the financial world will be focused on Washington. Expect people to be asking: Has the time come for tax reform? Last Week Recap My expectation for last week was partly correct. The focus was certainly on the Fed, but the market reacted quite calmly. The Story in One Chart ...

Read More »

Finance Minister talks proposed tax changes in Fredericton

Federal Finance Minister, Bill Morneau was in Fredericton speaking to an audience of chambers of commerce from across the country, Saturday. Morneau heard a lot about proposed changes to the tax system as the business community made it clear they want the Trudeau liberals to back down. “We’ve been hearing from members of the Fredericton Chamber of Commerce on a ...

Read More »