Senate Republican leaders drafting a measure to revamp U.S. health-care policy appear to be following the same path as their House counterparts—writing a bill behind closed doors before springing it on other lawmakers and the public close to a vote.
The Internal Revenue Service had to roll out a manual process last year to provide advance payments on Health Coverage Tax Credits every month to health plan administrators on behalf of displaced workers and retirees, but it mistakenly provided the tax credits for thousands of people who were old enough to qualify for Medicare.
Trump's budget aims to cut approximately $3.6 trillion in spending, in part from eligibility changes for the Earned Income Tax Credit and Child Tax Credit.
The Trump administration’s budget blueprint for fiscal year 2018 would require a Social Security number for claiming either the Earned Income Tax Credit or the Child Tax Credit in an effort to deny the refundable tax credits to undocumented immigrants.
President Donald Trump's tax overhaul plan was short on specifics, but one proposal was clear enough to draw howls from residents of high-tax states. The plan would end deductions of state and local taxes from federal income taxes. Those are by far the biggest deductions for many taxpayers.
Taking a cue from the failed Repeal and Replace healthcare process, the Trump administration Wednesday released a broad outline of its tax reform plan, with many details to be spelled out in legislative form during negotiations with Congress.
Even without any specific tax-reform proposals, President Donald Trump’s pledge to revamp U.S. policies is already affecting the solar industry, and not in a good way.
