tax cuts

The House has narrowly approved a $1.4 trillion tax overhaul, clearing the first major hurdle in Republican attempts to cut taxes and rewrite the tax code.

The vote was almost along party lines, with no Democrats voting in support of the bill and some GOP defections over provisions in the measure that would eliminate important tax deductions taken by constituents in some high tax states.

J. Scott Applewhite / AP

Sen. Sherrod Brown weighed in on the Senate Republican tax plan, including a piece that he says was slipped-in “in the dead of night” to dismantle the Affordable Care Act.

Updated at 4:58 p.m. ET

Republicans are sprinting to push their tax plan through Congress by the end of the year, and with that quick timeline comes a breakneck news cycle. The Senate tax overhaul plan underwent some big changes overnight, with GOP members in that house confident they could get the bill passed. But with a GOP senator now saying he opposes the bill and several others uncommitted, it could have a tougher time passing.

National Retail Federation / Facebook

The Treasury Secretary came to Columbus to promote Republican lawmakers’ $1.5 trillion tax reform plan, which they say will grow the economy, make the tax code simpler and create a middle-class tax cut. But not everyone agrees.

Updated at 12:01 ET Nov. 16

There are a lot of anxious graduate students at universities around the country right now.

That's because to help pay for more than $1 trillion in tax cuts for U.S. corporations, the House Republican tax plan would raise taxes on grad students in a very big way. These students make very little money to begin with. And many would have to pay about half of their modest student stipends in taxes.

Tax Reform

Nov 14, 2017
401kcalculator / Flickr

A new plan announced last Thursday shows Senate Republicans want to change a key tax provision that allows millions of Americans to deduct the amount they pay in state, local and property taxes from their annual federal income tax returns. Coming up, a look at how that will work and who will be benefited with guest host Mike Thompson.

House Republicans made steady progress Tuesday on their goal to pass a sweeping tax bill in their chamber by Thanksgiving, as Senate leaders prepared to release their own tax legislation later this week.

The quick progress comes as Republicans race to pass steep tax cuts into law by Christmas to meet a deadline set by President Trump. But significant challenges lie ahead as Republicans try to avoid repeating the bitter party infighting that doomed earlier attempts to pass a GOP health care bill.

Updated at 10:24 a.m. ET

Marching down Pennsylvania Avenue to send a message to Congress is a classic move in presidential political theater, and Tuesday is President Trump's inaugural performance. Trump makes his first visit to Capitol Hill to meet with Senate Republicans at their weekly meeting and the message is clear: Pass a tax cut.

Grover Norquist of Americans for Tax Reform speaks at the Ohio Statehouse with Republican State Rep Niraj Antani in background.
Karen Kasler / Ohio Public Radio

Even though Republican state lawmakers claim to have cut taxes by $5 billion in the last six years, a new group has been set up to fight for lower taxes in Ohio.

It’s part of the national group Americans for Tax Reform, best known for the anti-tax pledge it asks politicians to sign.

When President Trump traveled to Missouri on Wednesday to make his pitch for tax code overhaul, it was a more conventional — even conciliatory — chief executive who showed up.

Trump expressed optimism that he could work with the legislative branch to pass something meaningful — although as NPR's Scott Horsley noted, the president offered scant specifics about what that legislation would be.

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