Tax planning

White House chief strategist Steve Bannon’s plan to raise the top income-tax rate for America’s highest earners could find some support among congressional Republicans as part of a populist message to sell a broader tax overhaul, according to one conservative lawmaker who has heard the proposal.

Congressional leaders and Trump administration officials have been meeting in secret to try to reach a united front for rewriting the U.S. tax code.

The Senate bill reduces the deficit by $420 billion, the CBO said, compared with the $321 billion in deficit reduction in an earlier version, giving Republican leaders additional money they can use to court holdout votes. Much of the increased funding comes from a decision to no longer cut taxes on the wealthy.

A properly designed and implemented construction tax planning analysis will proactively identify tax savings related to new and planned construction projects.

Senate Republicans dropped efforts to eliminate three Obamacare taxes on the wealthy in their latest health-care bill—but the party may revive that push in a tax-overhaul plan later this year.

The president's plan would mostly benefit the highest-income taxpayers, according to the Tax Policy Center.

We favor Americans adopting American children from foster care when feasible, but current U.S. tax law benefits domestic and foreign adoptions.

Senate Republican leaders dropped provisions that would repeal two taxes on high earners in a revised draft of their health-care bill sent to the Congressional Budget Office, according to GOP senators.

The White House is “absolutely committed” to getting its tax overhaul proposal through Congress by the end of the year—and that plan won’t include a 40 percent tax rate for the richest Americans, Treasury Secretary Steven Mnuchin said.

Four days before the one-year anniversary of the release of his tax blueprint, House Speaker Paul Ryan delivered a pep-talk seeking to assuage growing doubts about the prospects for a major tax overhaul.