Tax rates

President Donald Trump and Republican leaders plan to release a tax framework this week that would dramatically cut taxes for corporations and the wealthy, provide a measure of middle-class tax relief and punish some households in Democratic-leaning states like New York and New Jersey.

The president is expected to discuss reform-related issues in a speech on Wednesday.

A group of U.S. business executives called for Congress to cut the corporate tax rate as low as possible and end the current global approach in which companies’ profits are taxed no matter where they’re earned.

The Senate Finance Committee held a hearing Tuesday to discuss reforming the business tax code and heard from a group of panelists, including a representative of the American Institute of CPAs.

Proposals in Washington could seriously disadvantage one of the most common forms of business.

Wolters Kluwer Tax & Accounting released its estimates Monday of tax bracket ranges and other inflation-adjusted tax figures, including the standard deduction and personal exemption level, predicting the biggest tax savings in 11 years no matter what happens with tax reform.

Here’s what we know about the details of the tax reform plan: almost nothing.

White House legislative director Marc Short said Friday that the administration is determined to release the outlines of tax plan negotiated with GOP leaders by the end of the month, even as the Senate’s chief tax writer signaled that the document might not carry that much weight.

Tax reform notwithstanding, the tax research providers Bloomberg BNA and Thomson Reuters both released their predictions Thursday for the annual inflation-adjusted tax rates that the Internal Revenue Service is likely to announce in the coming weeks.

Trump administration officials and congressional Republican leaders are promising a new framework in two weeks for legislation that would overhaul the U.S. tax code—though they’ve shied away from releasing any details about how the changes would affect individuals or corporations.

The Treasury Secretary floated the idea of not giving accountants the same tax cuts that companies like manufacturers would get under the Trump administration’s tax reform plan.

Three Democratic senators joined the president as he aimed to win their support for an as-yet unreleased tax plan that would be written by Republican leaders.

Kevin Brady, the chief House tax writer, told the chamber’s Republicans that White House leaders and congressional leaders working on a tax plan will release a framework the week of Sept. 25.

It may not be possible for the president to deliver on his promise to lower the highest bracket as much as promised.

The president's agreement with Democrats could be complicating tax reform efforts by eroding trust within his own party.

States and localities made nearly 400 sales tax rate changes in the first half of this year, a big jump of over 30 percent from the same period last year.

When the Super Bowl champion New England Patriots take their first road trip later this month, players like quarterback Tom Brady will be setting the standard for comfort and legroom on the team’s new private wide-body jet.

National Economic Council Director Gary Cohn disputed the suggestion that the Trump administration’s proposed tax overhaul would benefit the wealthiest Americans on Friday—and said it’s not clear the highest earners would get any tax cut at all.

The framework issued by the 'Big Six' is thin on specifics.

The White House is reaching back to a past administration for a strategy to get tax reform passed.