New Jersey Senate President Steven Sweeney on Tuesday said he is reevaluating the state’s millionaires tax, as it could increase the amount of high-earners leaving the Garden State.
FBN's Stuart Varney on the exodus of taxpayers from high-tax states.
The proposed elimination of state and local tax deductions (SALT) is one of the most debated parts of the Senate tax plan that is dividing many politicians on both of the aisle.
Kellyanne Conway, counselor to President Donald Trump, discusses tax reform on FBN's "Mornings with Maria."
U.S. Treasury Secretary Steven Mnuchin said on Sunday repealing the individual health care mandate is not a “bargaining chip” when trying to get senators on board with tax reform.
The Senate Finance Committee has decided that a little-known provision that would change tax rules on certain securities sales shouldn't apply to mutual-fund firms.
Global banks raised concerns on Friday over a provision in the U.S. Senate tax bill aimed at cracking down on tax avoidance by multinational corporations that they said could hurt the banking industry.
Wall Street ended the week on a sour note on Friday, with major indexes slipping modestly as investors weighed the fate of the Republicans’ tax overhaul plan.
Dallas Federal Reserve Bank President Robert Kaplan on Friday said he is concerned about some of the elements of the GOP’s tax bill, which finances tax cuts by increasing debt.
Tax reform may be icing on the cake for U.S. stocks and the economy.
The House passed its tax reform plan by slim margins on Thursday, leaving behind some Republican lawmakers refusing to vote to eliminate state and local tax deductions.
In a somewhat uncanny turn of events, several hundred millionaires, including Ben & Jerry’s co-founders Ben Cohen and Jerry Greenfield, penned a letter to Congress making a rather unusual request: They wanted Republicans to increase taxes on the wealthy.
While the House pushed forward with approving its tax reform plan on Thursday, the Senate may taken a step in the opposite direction: Sen. Ron Johnson (R-Minn.) announced that he would not support the bill because of its lack of provisions for pass-through businesses, endangering an already razor-thin Republican Senate majority.
The GOP tax bill otherwise known as the “Tax Cut and Jobs Act” was passed by the House with a vote of 227-205.
The House passed a sweeping tax bill Thursday, while GOP lawmakers in the Senate continue to deliberate over their own plan.
FBN's Stuart Varney argues the far left has no grounds to impeach President Trump.
The Republican-controlled U.S. Congress was approaching a major test on Thursday of its ability to enact sweeping tax cuts, as lawmakers prepared for their first full-scale vote on tax legislation.
Billionaire entrepreneur and potential presidential candidate Mark Cuban said on Wednesday that a cut in the U.S. corporate tax rate would have little to no effect on his investment decisions.
Rep. David Schweikert (R-Ariz.) on Wednesday said that the Senate tax reform plan is needed in order to help grow the economy and support future retirees.
While Congressional Republicans have touted their tax reform bills as a way to stimulate economic growth and job creation by reducing taxes on the middle class and corporations, others have criticized the GOP plans for what they say is largely a boon for businesses.