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Employers are expected to implement the new withholding tables in paychecks by Feb. 15. "We estimate that 90 percent of wage earners will experience an increase in their take-home pay," Treasury Secretary Steven Mnuchin said.
Economy

Treasury: 90 percent of earners will see more take-home pay under new withholding tables

Joseph Lawler -
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Walmart announced the starting wage rate will be bumped to $11 an hour and eligible employees will receive a cash bonus of up to $1,000. (AP Photo/Julio Cortez)
Economy

Walmart to raise wages and give bonuses, citing GOP tax cuts

Caitlin Yilek -
0
The latest tax bill and deregulation coming down the line has been a positive for equity markets, with the blue-chip Dow Jones Industrial Average surging 38 percent to a record above 25,000 and the broader S&P 500 climbing 29 percent. (iStock)
Business

For US banks, tax-cut bonanza follows a gloomy year for traders

James Langford -
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Sen. Elizabeth Warren, D-Mass., praised an energy company for lowering its rates in the wake of the new tax law, but her adulation for the business and the law ended there. (AP Photo/Susan Walsh)
Energy and Environment

Elizabeth Warren ‘delighted’ energy company in Massachusetts is reducing rates due to GOP tax plan she opposes

Daniel Chaitin -
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The new tax structure will benefit all alcohol producers, with the largest rate reductions going to small breweries, winemakers, and distillers. (AP Photo/Dave Martin, File)
Beltway Confidential

Tax reform is huge for brewers, distillers, and winemakers of all sizes

Brandon Arnold -
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Democrats have sought to use the new tax law to their advantage, portraying it as a giveaway to the wealthy. New ads, however, will highlight claims that the law cut taxes for typical families and boost salaries. (Andrew Harrer/Bloomberg)
Economy

GOP-aligned group to spend $1.5 million on ads promoting tax cuts

Joseph Lawler -
0
President Trump has taken measures recently to take advantage of the country's growing dominance in world energy production. Increased oil production will help low-income consumers and people looking for skilled jobs in the economy of the next two decades, among other positive effects. (AP Photo/Matthew Brown, File)
Economy

Drill, baby, drill? Yes, said Trump

Washington Examiner -
0
The pace of dealmaking among pharmaceutical businesses is expected to pick up in the next six to 12 months, in part because of the Tax Cuts and Jobs Act passed in December.
Business

Big Pharma goes shopping as tax bill returns almost $200 billion cash to US

James Langford -
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Afternoon Links: The Perils of Free Gifts, the Ice Cream of the Future Expands, and the Torment of Ajit Pai
Magazine

Afternoon Links: The Perils of Free Gifts, the Ice Cream of the Future Expands, and the Torment of Ajit Pai

Jim Swift -
0
Only 1 in 6 Americans polled last month thought they would see a tax cut from the tax reform bill signed by President Trump in December, while twice as many expected a tax increase. But such perceptions are incorrect. So, why do they persist? (AP Photo/Carolyn Kaster)
Columnists

What if Republicans cut middle class taxes and nobody knew?

Timothy P. Carney -
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