Tax Reform

On Thursday, the House passed a budget blueprint for the 2018 fiscal year, which paves the way for President Trump’s tax reform plan.

Signs of trouble may loom ahead for the Trump administration’s promise to deliver on passing the largest tax cuts in 30 years, after the Republican-controlled Congress just narrowly voted to approve its budget early Thursday afternoon.

Sen. Marco Rubio (R-Fla.) on the rifts within the Republican Party and efforts to achieve tax reform.

Sen. Marco Rubio (R-Fla.) on the rifts within the Republican Party and efforts to achieve tax reform.

House Minority Leader Nancy Pelosi (D-Calif.) said on Thursday that the Trump administration’s plan to eliminate state and local tax deductions (SALT) will cause home values to fall by 10%.

House Minority Leader Nancy Pelosi (D-Calif.) said on Thursday that the Trump administration’s plan to eliminate state and local tax deductions (SALT) will cause home values to fall by 10%.

The head of the House tax-writing panel isn't ruling out changes to the 401(k) retirement program to raise revenue for tax cuts.

The head of the House tax-writing panel isn't ruling out changes to the 401(k) retirement program to raise revenue for tax cuts.

Republican efforts to tackle tax reform should be welcome news to voters.

Republican efforts to tackle tax reform should be welcome news to voters.

Rep. Brian Higgins (D-N.Y.) on Wednesday said that he would not vote for President Trump’s tax reform plan because he believes that the bill is a “fraud” and won’t benefit the American people.

Rep. Brian Higgins (D-N.Y.) on Wednesday said that he would not vote for President Trump’s tax reform plan because he believes that the bill is a “fraud” and won’t benefit the American people.

As Republicans inch closer to passing the first comprehensive tax overhaul in nearly 30 years, President Donald Trump touted the legislation as a win for middle-class Americans and brushed off concerns that it could contribute to the United States’ massive debt -- which on Friday hit $666 billion -- during an exclusive interview with FOX Business’ Maria Bartiromo.

As Republicans inch closer to passing the first comprehensive tax overhaul in nearly 30 years, President Donald Trump touted the legislation as a win for middle-class Americans and brushed off concerns that it could contribute to the United States’ massive debt -- which on Friday hit $666 billion -- during an exclusive interview with FOX Business’ Maria Bartiromo.

Prudential Financial CEO John Strangfeld on the challenges to Americans’ efforts to plan for retirement.

Markets could continue to experience actual, and future growth, if U.S. lawmakers succeed at passing tax reform as part of an overall package of pro-growth initiatives, according to Mohamed A. El-Erian, chief economic adviser at Allianz.

Markets could continue to experience actual, and future growth, if U.S. lawmakers succeed at passing tax reform as part of an overall package of pro-growth initiatives, according to Mohamed A. El-Erian, chief economic adviser at Allianz.

Hoover Institute Research Fellow Lanhee Chan believes that despite Sen. Bob Corker’s feud with President Trump, he will vote in favor of the tax reform.

Hoover Institute Research Fellow Lanhee Chan believes that despite Sen. Bob Corker’s feud with President Trump, he will vote in favor of the tax reform.

While President Donald Trump and the Republican Party aim to produce a tax plan that favors the middle class, some have concerns the rich will benefit more from the proposed legislation.