Tax Reform

The 7 biggest business stories from this week

Walmart wowed the nation with a pay hike for one million workers -- but will eliminate thousands of jobs -- while JPMorgan CEO Jamie Dimon dialed back his bitcoin bashing.

Mnuchin sees $1 trillion revenue growth from U.S. tax overhaul

U.S. Treasury Secretary Steven Mnuchin said on Friday he believed the Republican tax cuts will ultimately become revenue neutral over 10 years due to higher growth, but the Treasury will likely ask Congress for more money to implement the plan.

How the IRS may mess up your paycheck this year

Beginning in February, Americans can expect to see tax reform changes reflected in their paychecks, however, the new system could leave more room for miscalculation where withholding amounts are concerned.

IRS in crisis? GOP pressed to increase funds with tax reform on the line

The Internal Revenue Service told Congress this week that it needs extra cash to not only carry out its basic administrative duties, but also to implement the GOP’s sweeping tax reform package, opening a door for the agency to potentially start anew with Republicans in the wake of the infamous targeting scandal.

Walmart passing tax benefits onto US employees

FBN’s Tracee Carrasco on Walmart raising the minimum wage and giving bonuses to some of its hourly workers, Diet Coke getting a makeover and Generation X’s concerns about their retirement.