Taxes

'Trump Trade' returns? Small-cap stocks rally on hopes of tax deal

With time running out before Congress turns its attention to the 2018 mid-term elections, small-cap stocks are increasingly acting as a bellwether for the market's expectations that the Trump Administration will reach a deal to significantly cut U.S. corporate tax rates by the end of the year.

What is wealthy? Tax reform plan could tap high earners to pay more

As top Democrats and Republicans clash over whether President Trump’s overhaul of the tax system will include tax cuts for wealthy Americans, former GOP presidential candidate Carly Fiorina pointed out Thursday that “wealthy” can be a relative term.

AP interview: Ryan backs off promise not to add to deficit

House Speaker Paul Ryan backed off months of promises that the Republicans' tax plan won't add to the nation's ballooning deficit, declaring in an AP Newsmaker interview that the most important goal of an overhaul is economic growth.

Ryan says tax reform framework will be released this month

U.S. House of Representatives Speaker Paul Ryan said on Wednesday he was confident President Donald Trump would push for conservative tax reform and that an outline of a plan to be presented next week reflects consensus between tax writers in Congress and the Trump administration.

Senate GOP struggles with deficit in work on budget, taxes

Pushing toward the Republicans' prime goal of tax legislation, the GOP Senate leader and members of the Budget Committee are scrambling to come up with a budget deal to clear the way for the first tax overhaul in three decades.