Taxes

Business Highlights

___ Tax bill becomes less-generous proposal WASHINGTON (AP) — House Republicans on Friday quietly made changes to their far-reaching tax overhaul: Now its tax cuts would be less generous for many Americans.

In high-tax states, worries about pain from GOP tax plan

Homeowners in high-tax states like New Jersey, where a modest house within commuting distance of New York City can easily carry property taxes of over $15,000 a year, are wondering whether the Republican bill being sold as a tax cut would actually result in higher bills for them.

Republican tax bill furthers DeVos' push for school choice

Education Secretary Betsy DeVos' school-choice agenda is getting a bit of a boost from the Republican tax bill, which would allow parents to use education savings accounts to pay tuition at private elementary and secondary schools.

House GOP revises tax bill, makes it less generous

With fanfare and a White House kickoff, House Republicans unfurled a broad tax-overhaul plan that would touch virtually all Americans and the economy's every corner, mingling sharply lower rates for corporations and reduced personal taxes for many with fewer deductions for home-buyers and families with steep medical bills.

Trump’s tax plan: The major changes

The House Ways and Means Committee released the major talking points of its long-awaited tax plan on Thursday, called the Tax Cuts and Jobs Act, which adds in a fourth tax bracket on high-income earners and leaves retirement plans largely untouched.