Finance

President Obama has signed legislation exempting Olympic and Paralympic athletes from taxes on their medals and winnings.

Democratic presidential nominee Hillary Clinton is proposing to revamp and expand the child tax credit to provide more benefits for low-income families and for eligible families with children age 4 and under.

A new question surrounding Republican presidential nominee Donald Trump’s business empire emerged recently, thanks to the publication of a 1995 New York state tax document: How could he have had a $916 million personal loss from troubled ventures that burned his creditors?

For all the partisan squabbling in this bizarre election year, a consensus has emerged in one important area: The U.S. corporate-tax system is broken.

Although I live a few miles from Hofstra University, the site of Monday night’s Presidential debate, I didn’t have a ticket to the event. Instead, I spent the time trying to get to the Marriott next door, where viewers were promised the chance to meet one of the candidates afterward.

Donald Trump’s economic team offered more math behind his assertion that his tax cuts will mostly pay for themselves, saying trade policy would generate most of the additional wages and corporate profits that feed government revenue.

House Democrats have introduced legislation that would require multinational corporations to disclose more information about the taxes they pay in other countries.

The House passed legislation this week to simplify the complex tax rules faced by workers who travel across state lines to do business.

The House voted to eliminate taxes on the medals of Olympic and Paralympic athletes, while also passing some other pieces of tax legislation.

As both major Presidential candidates’ campaigns get into full gear, some of their positions on tax have become clearer, while others are still up in the air.