Congress changed the tax system to benefit companies with overseas operations but failed to help Americans actually living abroad, who still face punitive taxation.
The arguments being made for corporate tax cuts lack solid empirical or theoretical backing.
AAP
Companies like Uber and Etsy don’t have to tell most of the people working with them how much they’ve earned. With the federal government so behind the curve, some states are changing their rules.
Got a spare $250 million? If you’re among the 0.1 percent, you probably do.
Bruce Makowsky
Income inequality, the most common way to measure the gap between the rich and the poor, only tells part of the story. Wealth inequality tells the rest.
SAP CEO Bill McDermott and Siemens chief Joe Kaeser flank Trump as they praise him for his tax cut.
AP Photo/Evan Vucci
The billionaires, business leaders and other elites who gathered in Davos praised the president’s policies, yet research on the politics of economic growth suggests it’s too soon to celebrate.
Will tax cuts really allow Qantas to purchase more planes?
AAP
Research shows there is a link between tax cuts and increased business investment, but the effect is likely smaller than politicians and businesspeople say.
Apple’s expertise isn’t in operating theme parks.
AAP
New York, California and other high-tax states are angling to use the charitable deduction and state payroll taxes as workarounds to shield both their residents and their revenue.
There are signs that non-rich Americans are growing less tolerant of tax cuts that mainly boost the wealthy’s bottom line.
Reuters//Eduardo Munoz
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