Trump tax plan

kudlow-larry-pointing.jpg
By Jordan Fabian
August 12, 2020 5:25 PM

The White House isn’t considering an executive order to carry out President Donald Trump’s call for a cut in the capital gains tax because Congress probably would have to change the rate, administration officials said.

1 Min Read
trump-microphones.jpg
By Laura Davison
August 12, 2020 9:45 AM

President Donald Trump is tapping his presidential authority to make tax changes that Congress is refusing to do, but his limited power means he could end up over-promising and under-delivering on his pledge to slash IRS bills.

4 Min Read
President Donald Trump
By Laura Davison
July 23, 2020 11:38 AM

Any boost for workers from a payroll tax cut that President Donald Trump favors would take weeks to kick in and the effects could be distributed unevenly.

2 Min Read
Boarded up residential buildings in the Port Morris neighborhood of the Bronx
Julie Treppa
July 22, 2020 1:01 PM

The Tax Cuts and Jobs Act created opportunity zones as an economic development tool to stimulate investments in distressed communities.

5 Min Read
trump-donald-arm-extended.jpg
By Josh Wingrove, Erik Wasson and Laura Davison
July 17, 2020 10:21 AM

The White House is signaling to Congress that President Donald Trump could reject a new coronavirus aid bill if it doesn’t include a payroll tax cut, adding a new complication to already contentious negotiations between Republicans and Democrats on the next round of stimulus.

3 Min Read
President Trump speaks outside the White House on June 5.
By Mario Parker, Erik Wasson and Saleha Mohsin
June 8, 2020 10:54 AM

President Donald Trump said he’ll ask Congress to pass more economic stimulus, including a payroll tax cut, even after the government reported a surprise improvement in U.S. unemployment on Friday.

4 Min Read
pelosi-nancy-arm-raised.jpg
By Billy House
May 7, 2020 3:58 PM

House Speaker Nancy Pelosi dismissed President Donald Trump’s call for a payroll tax cut and changes in the capital gains tax, saying it wouldn’t help millions of unemployed workers and others struggling in an economy shut down by the pandemic.

3 Min Read
trump-donald-arm-raised
By Laura Davison
May 4, 2020 6:14 PM

President Donald Trump has fixed his sights on getting a payroll tax cut in the next coronavirus stimulus bill, but it’s unclear whether he can get Republicans — much less Democrats — to go along with such a high-cost item that likely would have only a modest impact on the economy.

3 Min Read
trump-listening.jpg
By Laura Davison
May 1, 2020 1:58 PM

A big cut in the payroll tax is high on President Donald Trump’s wish list for the next coronavirus response bill, but the idea is getting the brushoff from newly cost-conscious Republicans and Democrats who would rather send aid to people who aren’t getting a paycheck.

4 Min Read
AT-112119-Buttonow- Audit rates for wealth taxpayers.png
By Ben Steverman
May 1, 2020 1:21 PM

Rich Americans are taking advantage of an unprecedented opportunity, made possible by the coronavirus pandemic, to transfer money to their children and grandchildren tax-free.

3 Min Read