Tag: Taxes

A good part of CEO incomes rising is simply because we've changed the way they're reported. (iStock by Getty Images)

Beltway Confidential

Inequality isn’t what you think it is

Tim Worstall · January 12, 2018 10:41 pm

South Dakota v. Wayfair is a challenge to a 1992 Supreme Court decision that a state cannot tax a business unless it has a substantial physical presence in the state. (AP Photo/J. Scott Applewhite)

Supreme Court agrees to take up case on online sales taxes

Joseph Lawler · January 12, 2018 8:43 pm

Treasury Secretary Steven Mnuchin said, "We are speaking with Congress about getting additional funding for the implementation" of the tax law. (AP Photo/Manuel Balce Ceneta)

Mnuchin expects ‘significant’ hiring at IRS to implement tax law

Joseph Lawler · January 12, 2018 2:44 pm

JPMorgan Chase released earnings figures on Friday. CFO Marianne Lake said that the lower tax rate, about 20 percent in the near term compared with 29.6 percent in the third quarter of 2017, is a "meaningful benefit for us." (Daniel Tepper/Bloomberg)

JPMorgan’s tax rate slides after $2.4 billion bite at year’s end

James Langford · January 12, 2018 2:40 pm

House and Senate GOP leadership have already conceded that the 2018 midterm elections will be dictated by President Trump — which may not be a good thing for many incumbent Republican lawmakers. (AP Photo/Andrew Harnik)

Is the GOP ready for the midterms under Trump?

David M. Drucker · January 12, 2018 5:01 am

The IRS cannot predict what loopholes and workarounds corporations and individuals might find under the revised tax code Republicans are expected to pass Tuesday. (Andrew Harrer/Bloomberg)

GOP looks to increase IRS funding to implement tax law, after years of cuts

Joseph Lawler · January 11, 2018 11:51 pm

"I hope that the states are more focused on cutting their budgets and giving tax cuts to their people in their states than they are on trying to evade the law," Treasury Secretary Steven Mnuchin said. (AP Photo/Manuel Balce Ceneta)

Steve Mnuchin: Blue state attempts to circumvent limits on SALT deduction are ‘ridiculous’

Joseph Lawler · January 11, 2018 8:30 pm

House Ways and Means Committee Chairman Kevin Brady, R-Texas, said both Democrats and Republicans "believe" the Cadillac tax "needs to be delayed." (AP Photo/J. Scott Applewhite)

Kevin Brady: Delay of Cadillac tax could ‘possibly’ make it in spending bill

Robert King · January 11, 2018 8:01 pm

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.

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

Joseph Lawler · January 11, 2018 7:34 pm

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)

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

James Langford · January 11, 2018 1:31 pm

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 · January 11, 2018 12:43 am

Soda taxes in localities such as Philadelphia have only increased the number of shoppers willing to drive outside the city limits to purchase their sugary soft drinks. (AP Photo/Matt Rourke)

Beltway Confidential

Seattle’s soda tax experiment is doomed to failure

Guy Bentley · January 10, 2018 10:27 pm