Senate Democratic Leader Who Rails Against Tax Cuts for the Rich Is Fighting for Tax Cuts for the Rich
Senate Minority Leader Chuck Schumer (D-N.Y.) railed last week against Republicans’ proposal to modestly reduce unemployment insurance benefits. Republicans were concerned that the $600 weekly unemployment insurance benefit has harmed…
An Overview of the Senate’s Version of the Tax Cuts and Jobs Act
Before diving into the details of the Senate’s version of the Tax Cuts and Jobs Act, let’s run through the latest in the House of Representatives. The lower chamber’s version…
It’s Time to Put States on a SALT-Free Diet
A little more than a month ago, the White House and tax-writers in the House and Senate rolled out the Unified Framework for Fixing Our Broken Tax Code. The…
SALT-y Big Government Republicans Side with Cuomo on State and Local Tax Deduction
When Congress passed a budget for fundamental tax reform last week, ten big-government Republican Congressmen from New York and New Jersey protested. These members are upset that Ways and Means…
State and Local Tax Deduction To End Under New GOP Tax Framework
Americans like their tax deductions, but mainly because the tax rate to begin with is too high. This same principle holds for the state and local tax (SALT) deduction currently…
Tax Reform Should End the Deduction for State and Local Taxes to Finance Lower Tax Rates
Good tax policy means having low rates and a broad tax base. To finance a reduction in individual and corporate income tax rates and the lowering of capital gains and…