Tax rates

  • U.S. commercial real estate is a likely winner in the evolving Republican tax overhaul, which is poised to lower rates for property owners, spur new investment and increase demand for rental housing, according to a new report.

    December 13
    Aerial view of Manhattan - low res
  • President Donald Trump will bring five American families to the White House to show how they would benefit from his tax overhaul Wednesday in a speech aides said would amount to a closing argument for the legislation.

    December 13
    President Donald Trump walks out of the Oval Office before boarding Marine One on the South Lawn of the White House.
  • President Trump plans to make what his staff members called a “closing argument” for tax-overhaul legislation Wednesday as congressional Republicans consider last-minute revisions to key provisions. Here are the latest developments, updated throughout the day.

    December 13
    Senate Majority Leader Mitch McConnell, R-Ken., surrounded by fellow Republican senators
  • House and Senate Republicans are working this week on compromise tax-overhaul legislation in an effort to send it to President Donald Trump as soon as next week. Here are the latest developments, updated throughout the day.

    December 12
    Senator John Cornyn, R-Texas
  • The White House supports tweaking final tax legislation to appease lawmakers who want to let constituents deduct state income taxes, according to National Economic Council Director Gary Cohn.

    December 8
    Gary Cohn, the director of the U.S. National Economic Council, center, and Jared Kushner, senior White House adviser, right, listen while U.S. President Donald Trump speaks during a cabinet meeting in Washington, D.C.
  • House and Senate lawmakers are poised to begin working as soon as Monday on compromise tax-overhaul legislation—a key step in their drive to send a bill with tax cuts for corporations and individuals to President Donald Trump by the end of the year. Here are the latest developments, updated throughout the day.

    December 4
    Capitol Hill-flag
  • President Donald Trump, fresh off a Senate vote that puts him a step closer to passing a tax-cut bill by year-end, declared himself “unbeatable” for re-election—and unexpectedly suggested a critical element of the Congressional tax plan is open to debate.

    December 4
    President Donald Trump, center, speaks to members of the media before boarding Marine One on the South Lawn of the White House in Washington, D.C.
  • The Senate held a round of marathon votes Friday and ultimately passed the bill overnight. Here are the latest developments, updated throughout the day.

    December 1
    U.S. Capitol flag
  • As if the Republican tax reform plan wasn’t bad enough already for taxpayers, the latest scheme to win over more votes of a precarious Senate majority involves adding a “trigger” to raise certain taxes if there isn’t enough economic growth to cover the $1.4 trillion cost of the bill, though the Senate's parliamentarian appears to have just shot down that proposal.

    November 30
  • A push by some Republican senators to ward off future deficits by tucking a potential corporate tax increase into their tax-overhaul bill would set up a kind of economic booby trap—putting the GOP’s much-desired growth at risk, according to a half-dozen economists, lobbyists and tax experts.

    November 30
    Hatch-Orrin-Senate-hearing