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Savings for the top six U.S. banks from President Donald Trump’s signature tax overhaul accelerated last year, now topping $32 billion as the lenders curbed new borrowing, pared jobs and ramped up payouts to shareholders.January 17
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The White House continues to work on a tax-cut plan in hope that Republican lawmakers will be in control of Congress after the 2020 elections, President Donald Trump’s top economic aide Larry Kudlow said.January 15
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The White House is holding informal talks about a second round of tax cuts to announce during the 2020 presidential campaign.November 1
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Not as many companies are planning to increase employee wages as a result, according to a new survey by BDO USA. Instead more companies are planning to do stock buybacks, increase corporate dividends and pursue mergers and acquisitions.October 29
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The federal government is taking in less money but can’t tell if the shortfall is tied to the 2017 tax cuts or other factors like trade uncertainty, the Congressional Budget Office said in a letter.October 28
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The GOP is more focused on making their first tax cut permanent.September 16
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The president spoke a day after deciding against cutting the tax on capital gains by indexing gains to inflation.September 13
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The president is scheduled to meet with economic advisers Wednesday to discuss the possibility of cutting the tax on capital gains by indexing gains to inflation.September 11
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The president said he’s not looking to cut taxes by indexing capital gains as it would benefit the wealthy.August 21
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The White House has been considering a move that would largely benefit the wealthy.August 21
