Tag: Taxes

The stated purpose of the new excise tax was not to punish colleges, but instead to align the tax treatment of university endowments with private foundations such as the Ford Foundation, which face a 2 percent excise tax on earnings if they don't hit a certain level of distributions.

Colleges reckon with new endowment tax and conservative antipathy

Joseph Lawler · February 6, 2018 5:01 am

Rep. Tom MacArthur, R-N.J., is proposing the Transparency for Taxpayers Act, which would require the Internal Revenue Service to make available an online tax calculator to give taxpayers the ability to see the probable impact of the bill on individual income taxes. (CQ Roll Call via AP Images)

Tom MacArthur pushes for online tax calculator as GOP tries to sell tax reform

Al Weaver · February 6, 2018 5:01 am

Vice President Mike Pence will be a key fundraising and bankrolling figure as the Republican Party approaches what looks to be brutal midterm elections this year. (AP Photo/Cliff Owen)

Mike Pence prioritizes Trump loyalists, swing districts in 2018 fundraising

David M. Drucker · February 6, 2018 5:01 am

If the U.S. expects to compete in the global LNG market, Congress should pass legislation to create a more certain regulatory process for processing and issuing LNG export permits. (AP Photo/Matt Houston)

Energy and Environment

Trump tax cuts giving pipeline industry heartburn

John Siciliano · February 5, 2018 11:57 pm

Insurance giant Anthem announced Monday it will contribute more than $58 million to employees' 401(k) programs thanks to the GOP-led tax reform package that passed last year. (AP Photo/Darron Cummings, File)

Anthem offers $1,000 bonuses due to tax cut

Robert King · February 5, 2018 10:38 pm

The U.S. stock-market selloff that began Friday with drops of 666 points on the Dow Jones Industrial Average didn't let up Monday. (AP Photo/Richard Drew)

Here’s why the Dow is dropping

James Langford · February 5, 2018 10:30 pm

House Speaker Paul Ryan, R-Wis., tweeted that said a secretary was pleased with her $1.50 raise per paycheck due to the Republican tax bill, and said it would "more than cover her Costco membership for the year." However, the DCCC's campaign says that small pay increase is not enough compared to the bigger tax cuts wealthier Americans are seeing. (AP Photo/J. Scott Applewhite)

DCCC ad mocks Paul Ryan for touting woman’s $1.50 per paycheck tax cut

Katelyn Caralle · February 5, 2018 8:05 pm

A sign outside Bristol-Myers Squibb offices in New Jersey. The pharmaceutical company reported a fourth-quarter loss after a $2.9 billion charge related to the GOP tax overhaul. (Christopher Barth/ Bloomberg News)

Drugmaker Bristol-Myers sticks to buybacks, acquisitions as tax rate slides

James Langford · February 5, 2018 6:05 pm

Working Americans will tell you themselves that $1,000 can make a difference. (iStock photo)

Those tax savings aren’t ‘crumbs.’ Just ask my employees

Joseph Semprevivo · February 5, 2018 5:01 am

Though Ryan was highlighting how workers have begun to see more money in their paycheck due to the GOP tax-reform bill that was signed into law late last year, many Twitter users mocked the tweet because $1.50 isn't all that much money. (AP Photo/J. Scott Applewhite)

Paul Ryan mocked by Twitter users over now-deleted tweet celebrating $1.50 pay raise

Katie Leach · February 3, 2018 9:38 pm

President Trump attended the Republican National Committee winter meeting in Washington, D.C., on Thursday. (AP Photo/Manuel Balce Ceneta)

GOP eyes rules changes to presidential nominating process

David M. Drucker · February 3, 2018 5:01 am

A Thursday court ruling marked, the last of the pending cases brought against the government "by groups alleging that their tax-exempt status was delayed by the IRS based on inappropriate criteria." (Daniel Acker/Bloomberg)

Beltway Confidential

Government reaches settlement against pro-Israel nonprofit targeted by the IRS

Margot Cleveland · February 2, 2018 10:43 pm