Taxes

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.

Big GOP tax bill would cut rates _ but also popular breaks

House Republicans are set to unveil their far-reaching tax overhaul Thursday, making major changes yet looking to preserve current tax rules for retirement accounts popular with middle-class Americans and to retain a top income-tax rate for million-dollar earners.

Dow rises while tax plan weighs on S&P, Nasdaq

The Dow industrials climbed on Thursday while losses in Facebook kept the S&P 500 and the Nasdaq in check as investors assessed the long-awaited tax cut plan unveiled by U.S. President Donald Trump’s fellow Republicans.