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.
Senate Majority Leader Mitch McConnell calls for Roy Moore to step aside. He later said “let the voters decide.”
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Far from dispelling the notion among Americans that the system is ‘rigged’ against them, Republican tax plans are more likely to make matters worse.
Reforming how drivers pay for the costs of their road use can help keep traffic flowing, which is just one of the potential benefits.
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Traffic congestion is the main cost that cars create when they use existing roads. Road use charges are a more efficient and fairer way to cover the cost and help ensure traffic flows.
Malcolm Turnbull has moved to hold out the prospect of tax relief for individuals.
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The Republican tax plan would ultimately make the current system less progressive while reducing the overall burden, two things research shows make countries less happy.
Attendees chat during Dell Women’s Entrepreneur Network conference in 2014.
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Republicans rewriting the tax system have a rare opportunity to fix a major problem: most women-owned companies can’t take advantage of key provisions designed to help small businesses like theirs.
Trump’s tax plan will cost trillions.
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President Trump released details of his tax plan, which would essentially benefit the wealthiest Americans by repealing the estate tax and other changes at the expense of the middle class.
Trump unveiled his tax cut in Indianapolis.
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The administration wants to cut the tax rate on so-called pass-through entities, which is likely to lead to creative tax planning and outright evasion, damaging faith in the system.
‘Build to rent’ means developers build housing with the intent of retaining the building and renting it out to lower-income families.
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A modest rebalancing of federal tax policy toward build-to-rent housing could fill affordable housing funding gaps. Australian funds are already investing in such a scheme in the US.
Bill Shorten says Labor’s targeting of trusts is about delivering a level playing field in tax.
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Labor has proposed a crackdown on discretionary trusts, which would raise $4.1 billion over the forward estimates and $17.2 billion over a decade.
The number of Americans who can get a tax break through their charitable contributions could tumble during the Trump administration.
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The tax changes Trump and GOP lawmakers propose would reduce charitable giving, research suggests. But letting everyone use a tax break mostly enjoyed by the rich might prevent that.
The Trump tax cut will create new investment in America, but at the expense of countries like Australia
Mark Zuckerberg and Priscilla Chan are giving billions to charity through their donor-advised fund instead of a traditional foundation.
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As these tax-exempt vehicles transform philanthropy, they’re drawing more scrutiny. Will Congress or the Trump administration tinker with the rules that encouraged their rapid growth?
The government claims budget savings will more than offset its additional spending on child care.
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By far the most significant projected savings in the government’s omnibus bill is the phasing out of end-of-year supplements for family tax benefit recipients.
Was Barnaby Joyce’s international comparison correct?
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Deputy Prime Minister Barnaby Joyce said backpackers would be better off working in Australia with a 19% tax than in New Zealand, England and Canada. Is that true? And what would a 15% or 10.5% tax mean?