Taxes

While the timeline for one of the Trump administration’s key policy promises, tax reform, has been called into question in recent weeks, one former Treasury Secretary says U.S. economic growth depends on this vital piece of economic legislation.

President Donald Trump met once again with a group of CEOs Tuesday at the White House, where the business leaders spoke with five cabinet secretaries about issues ranging from job creation to infrastructure and tax reform.

White House counselor to President Trump, Kellyanne Conway, is optimistic that tax reform will happen this year but says the administration isn’t racing to beat “artificial timelines.”

White House Press Secretary Sean Spicer on Monday denied reports that President Trump has gone back to the drawing board as it relates to tax reform.

U.S. President Donald Trump will meet with about 20 chief executives Tuesday including heads of General Motors Co, IBM Corp and Wal-Mart Stores Inc as he works to gain support for a $1 trillion infrastructure program, tax reform and other administration priorities, a government official briefed on the matter said.

Personal information for up to 100,000 taxpayers may have been compromised in a security breach of a critical online tool used to fill out student loan applications, Internal Revenue Service Commissioner John Koskinen said Thursday.