Several lawmakers from high-tax states like New York are pushing for changes to a key tax deduction in Democrats’ $3.5 trillion spending package.
Kent Nishimura/Los Angeles Times via Getty Images
The 2017 tax cuts put a $10,000 cap on the deduction for state and local taxes. The richest households would see the biggest gains from eliminating or raising the cap.
Warren and Sanders are the candidates with arguably the most aggressive plans to tax the rich.
AP Photo/Meg Kinnard
Congress changed the tax system to benefit companies with overseas operations but failed to help Americans actually living abroad, who still face punitive taxation.
A big part of that check is being drawn from middle-class accounts.
AP Photo/Jacquelyn Martin
The American middle class has been on a rocky ride during the 20th century, surging after World War II but falling since the 1980s. The Republican tax plan may be its death knell.
House Speaker Paul Ryan talks about the GOP tax plan.
AP Photo/Jacquelyn Martin
Unlike other age groups, 16- to 24-year-olds haven’t recovered the job losses they suffered during the Great Recession. Spurring investment and growth are key to getting them back to work.
Just a little obstruction at the Senate.
Reuters/Jonathan Ernst
Daniel Wirls, University of California, Santa Cruz
Republicans were able to push through a tax plan and a flurry of judicial nominees after the Senate curtailed use of the filibuster. It’s time to go all the way.
Sen. Chuck Grassley recently seemed to suggest some poor people spend all their money on “booze or women or movies.”
AP Photo/Charlie Neibergall
The House just passed its version of the tax plan, which includes about US$1 trillion in cuts for corporations. The question, who will be left holding the potato?