Corporate taxes

FILE - In this Friday, Oct. 4, 2013, file photo, economist Arthur Laffer, known as the "father of supply-side economics" and who was an economic advisor to President Ronald Reagan, speaks to an executive committee meeting of the California Republican Party at their convention in Anaheim, Calif. In their effort to overhaul the U.S. tax code, President Donald Trump and congressional Republicans are betting that by slashing taxes on corporations and rich people, the money diverted from the U.S. Treasury will find its way into the pockets of ordinary Americans. “It will increase real wages and it will increase them substantially,’’ says Laffer. (AP Photo/Reed Saxon, File)
November 17, 2017 - 4:35 pm
WASHINGTON (AP) — Does money roll downhill? In their drive to cut taxes, President Donald Trump and congressional Republicans are betting it does. Behind their legislation is a theory long popular among conservatives: Slash taxes for corporations and rich people, who will then hire, invest and...
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President Donald Trump answers a question from the press about discussion of the tax bill, Thursday, Nov. 16, 2017, on Capitol Hill in Washington. Trump is at the Capitol for a pep rally with House Republicans, shortly before the chamber is expected to approve the tax bill over solid Democratic opposition. (AP Photo/Jacquelyn Martin)
November 17, 2017 - 11:02 am
WASHINGTON (AP) — Republicans have stretched closer to delivering the first big legislative victory for President Donald Trump and their party, whisking a $1.5 trillion overhaul of business and personal income taxes through the House. Thorny problems await in the Senate, though. The House passage...
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November 17, 2017 - 3:11 am
The House passed a nearly $1.5 trillion tax bill that differs from legislation approved by the Senate Finance Committee. A comparison of the Republican-written measures: —Personal income tax rates: House bill condenses current seven brackets to four: 12, 25, 35 and 39.6 percent. Senate measure...
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President Donald Trump answers a question from the press about discussion of the tax bill, Thursday, Nov. 16, 2017, on Capitol Hill in Washington. Trump is at the Capitol for a pep rally with House Republicans, shortly before the chamber is expected to approve the tax bill over solid Democratic opposition. (AP Photo/Jacquelyn Martin)
November 16, 2017 - 10:58 pm
WASHINGTON (AP) — Republicans rammed a $1.5 trillion overhaul of business and personal income taxes through the House Thursday, edging toward the code's biggest rewrite in three decades and the first major legislative triumph for President Donald Trump and the GOP after 10 bumpy months of...
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President Donald Trump gives a thumbs up as he walks with Vice President Mike Pence as he departs Capitol Hill in Washington, Thursday, Nov. 16, 2017. Trump urged House Republicans Thursday to approve a near $1.5 trillion tax overhaul as the party prepared to drive the measure through the House. Across the Capitol, Democrats pointed to new numbers showing the Senate version of the plan would boost taxes on lower and middle-income Americans. (AP Photo/Susan Walsh)
November 16, 2017 - 8:28 pm
WASHINGTON (AP) — The Latest on House consideration of the tax overhaul (all times local): 8:20 p.m. Vice President Mike Pence says "now the ball is in the Senate's court," after the House voted Thursday to approve a $1.5 trillion overhaul of the nation's tax code. At the Tax Foundation's 80th...
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Sen. Rob Portman, R-Ohio, a member of the Senate Finance Committee, joins Sen. Tim Scott, R-S.C., left, and Majority Leader Mitch McConnell, R-Ky., to talk about work on overhauling the nation's tax code, on Capitol Hill in Washington, Tuesday, Nov. 14, 2017. (AP Photo/J. Scott Applewhite)
November 15, 2017 - 12:00 am
WASHINGTON (AP) — Senate Republicans are intent on scrapping the Affordable Care Act's requirement that Americans get health insurance, targeting a repeal of the individual mandate to help finance deep tax cuts in their tax overhaul. Sen. Orrin Hatch, chairman of the Finance Committee, confirmed...
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November 14, 2017 - 5:28 pm
___ Senate GOP insisting on Obamacare repeal for tax overhaul WASHINGTON (AP) — Senate Republicans said Tuesday they are intent on a repeal of the Obama health care law requirement that Americans get health insurance, as a way to pay for cuts in corporate taxes and individual rates. The surprise...
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Sen. Maria Cantwell, D-Wash., and Sen. John Cornyn, R-Texas, talk before the start of panel of the Senate Finance Committee begins work on overhauling the nation's tax code, on Capitol Hill in Washington, Monday, Nov. 13, 2017. The legislation in the House and Senate carries high political stakes for President Donald Trump and Republican leaders in Congress, who view passage of tax cuts as critical to the GOP's success at the polls next year. (AP Photo/Pablo Martinez Monsivais)
November 14, 2017 - 2:41 pm
WASHINGTON (AP) — The Latest on GOP tax legislation (all times local): 2:20 p.m. The No. 2 Senate Republican says the GOP is intent on repealing the individual mandate requirement under "Obamacare" as part of the tax bill. Sen. John Cornyn of Texas told reporters on Tuesday: "We're going to repeal...
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House Ways and Means Committee Chairman Kevin Brady, R-Texas, left, joined by Rep. Richard Neal, D-Mass., the ranking member, and Rep. Sander Levin, D-Mich., offers his manager's amendment as the GOP tax bill debate enters the final stage, on Capitol Hill in Washington, Thursday, Nov. 9, 2017. (AP Photo/J. Scott Applewhite)
November 13, 2017 - 7:03 pm
WASHINGTON (AP) — The Latest on tax legislation (all times local): 7:10 p.m. President Donald Trump plans to meet with House Republicans on Thursday ahead of an expected vote on tax overhaul legislation. That's the word from a White House official who wasn't authorized to discuss publicly the...
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In this Nov. 9, 2017, photo, Speaker of the House Paul Ryan, R-Wis., meets with reporters as he encourages support for Republican tax reform legislation, on Capitol Hill in Washington. The House and Senate tax overhaul plans are broadly similar, but crucial differences create headaches for Republican leaders determined to keep myriad interest groups and factions of the GOP satisfied.(AP Photo/J. Scott Applewhite)
November 11, 2017 - 5:28 am
WASHINGTON (AP) — The House and Senate tax overhaul plans are broadly similar, but crucial differences are creating headaches for Republican leaders determined to keep myriad interest groups and factions of the GOP satisfied. And then there's the ambitious timetable they've set of finishing in time...
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