Tax reform

Senate Budget Committee member Ron Johnson said the panel is considering a budget that would allow for $1.5 trillion in tax cuts that would add to the deficit on a so-called “static” basis over the next 10 years.

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.

Uber problems; stay interviews; grandpa as dependent; in memoriam; and other highlights from our favorite tax bloggers.

Some lawmakers would like to give businesses an “unprecedented” way to slash their tax bills by investing in new equipment. But firms that stand to benefit most are saying no thanks, just give us a bigger rate cut.

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.

The president said this year’s deadly hurricanes add urgency to his tax-cut plan.

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.

More than three-quarters of directors at public companies polled by BDO USA expect a tax overhaul to be achieved before the end of Trump’s term in office, but only 22 percent anticipate it will happen before the end of this year.

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

The president is planning an aggressive travel schedule, taking him to as many as 13 states over the next seven weeks.

The chairman of a large conservative caucus believes President Trump will sign a tax bill this year, but the legislation may not be as far reaching as Republican leaders had originally hoped.

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

Lindsey Graham and Bill Cassidy are still pushing their plan to repeal Obamacare. It appears the president has moved on to tax cuts.

Dave Camp, the former head of Congress’s tax-writing House Ways and Means Committee, said he doesn’t think a revamp of the U.S. tax code will happen this year.

Leaders of the conservative House Freedom Caucus are frustrated that Republican leaders haven’t yet released details of their tax overhaul plans, saying they’re concerned that time is running out to deliver on their promise of a revamp.

The Trump administration’s tax overhaul plan bears little resemblance to the reform efforts of the 1980s and wouldn’t do much to boost U.S. economic growth, former Treasury Secretary Lawrence Summers said.

President Donald Trump brought his pitch to overhaul the tax code to North Dakota on Wednesday with an unlikely guest in tow: the state’s Democratic senator, Heidi Heitkamp.