Corporate

Senate Republicans released major changes to their tax plan that would make your tax cut temporary

One year ago   |   By

Evan Vucci/AP Images
Senate Republicans released modifications to their massive tax bill on Tuesday night.
The biggest proposed change: Individual tax cuts would sunset after 2025.
The bill would also repeal Obamacare's individual mandate.
Senate Republicans released a massive heap of changes to their tax bill Tuesday night, including tweaks to proposed individual tax cuts, how start-up employees get paid, and more.
Republican Sen. Orrin Hatch, the chair of the Senate Finance Committee, released a new version of the legislation that, significantly, would sunset individual tax cuts after...
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7 ways rich people could benefit from Trump's new tax plan

7 ways rich people could benefit from Trump's new tax plan

One year ago   |   By

Harry Trump/Getty
The House GOP's proposed tax reform bill will give a boost to the wealthiest in the country.
Repealing the estate tax and the alternative minimum tax are just two of the ways rich Americans could benefit.
Meanwhile, the typical American family will get a tax cut of $1,182.
House Republican leaders want Americans to know that tax reform is for middle-income earners, noting that the typical American family will get a tax cut of $1,182.
But the GOP's tax reform proposal also gives a few boosts to the wealthiest in the country, including the proposed repeals of the estate tax...
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America's biggest investment firms have a major problem with the GOP tax plan

America's biggest investment firms have a major problem with the GOP tax plan

One year ago   |   By

Manuel Balce Ceneta/AP
A little-known provision of the GOP tax plan would make investors sell out of positions using an accounting method that would cost them flexibility.
Large investment managers like Vanguard are worried that the measure could cost their clients millions of dollars.
America's biggest investment managers aren't thrilled with the GOP tax bill .
Under a little-publicized provision of the bill, clients would be forced to sell their oldest shares first when cashing out of positions, according to a report from Laura Saunders of the Wall Street Journal. That would reduce...
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