Republican tax plan News

Here’s What’s in Latest Negotiated Republican Tax Bill

Republicans in the U.S. Congress reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that, if approved, would be sent to President Donald Trump to sign into law. Formal …

House Passes Tax Cut Package; Debate Moves to Senate

Congressional Republicans took an important step on Thursday toward the biggest U.S. tax-code overhaul since the 1980s as the House of Representatives approved a broad package of tax cuts sought by senior lawmakers and President Donald Trump. The House vote …

How GOP House and Senate Tax Proposals Differ

A tax plan by U.S. Senate Republicans released on Thursday diverges in several ways from legislation being pushed by Republicans in the House of Representatives, complicating Republican efforts to fulfill their goal of overhauling the tax code by the end …

Global Re/Insurers Lobby Against ‘Unfathomable’ House Tax Bill

Multinational companies including Apple Inc., Pfizer Inc. and Ford Motor Co. would face a new tax on payments they make to offshore affiliates under the House Republicans’ tax bill — a surprise provision that has stunned tax experts. The new …

Winners and Losers in Republican Tax Plan

The tax-cut bill rolled out on Thursday by U.S. House of Representatives Republicans would help high-income taxpayers and multinational corporations, but hurt mortgage borrowers and some other taxpayers and businesses. Here is a list of winners and losers under the …

Guide to Republican Tax Proposal

House Republicans announced a tax proposal Thursday that would cut the U.S. corporate tax rate to 20 percent, reduce most of the individual tax brackets, and cap the mortgage-interest deduction on new purchases of homes. The measure would phase out …

GOP Tax Plan Jeopardizes Bermuda Reinsurer Loophole

U.S. money managers with reinsurance companies in Bermuda and the Cayman Islands could lose a valuable loophole under Republican proposals to overhaul the tax code unveiled on Thursday. The plan includes a 20 percent excise payment on payments from domestic …

Largest Insurers Would Face Asset Tax Under GOP Plan

The biggest U.S. banks and insurance companies would have to pay a quarterly 3.5 basis-point tax on assets exceeding $500 billion under a plan to be unveiled this week by Congress’s top Republican tax writer. The proposal by Representative Dave …