Taxes

Many manufacturers jubilant over Trump's tax reform plan

President Donald Trump’s newly unveiled tax reform plan -- which he sold as a boost for the economy by cutting taxes for middle-class Americans -- has found a new fanbase: Manufacturers who are pleased with his promise to reduce the corporate tax rate from 35% to at least 20%.

Arkansas city hopes $100 million effort will restore glory

An oil and timber town that was Arkansas' richest community nearly a century ago believes that building a $100 million arts district in its historic downtown will spark a "cultural infusion" that can reverse a decadeslong population slide.

State, local tax deductions ‘probably’ have to stay to pass reform: Varney

You could see it coming....a revolt. Politicians, both Democrats and Republicans are up-in-arms about deducting state and local taxes. There is a proposal to end that deduction. That is a very big deal, especially in states where local taxes are high and the deduction is very important -- New York and California in particular. Cut that deduction, and high income people might end up paying more.