Trump tax plan

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By Noah Buhayar
April 30, 2020 10:51 AM

Just before the coronavirus roiled the economy, wealthy investors piled into funds that take advantage of a popular, two-year-old tax break meant to help poor communities.

1 Min Read
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Michael Cohn
April 20, 2020 1:45 PM

Two Senate Democrats are criticizing a little-known provision of the CARES Act stimulus package that would provide a tax break mostly to wealthy taxpayers, suspending excess business losses for prior tax years.

3 Min Read
President Donald Trump delivering the State of the Union address, as Vice President Mike Pence and House Speaker Nancy Pelosi react.
By Laura Davison
April 2, 2020 10:05 AM

Some of the most contested pieces of the 2017 tax overhaul are being revisited as the White House and Congress begin to discuss another round of economic stimulus, including restoring the break for entertaining business clients and lifting the cap on state and local deductions.

4 Min Read
President Donald Trump
By Josh Wingrove and Mario Parker
March 30, 2020 10:27 AM

President Donald Trump said he wants to restore corporate tax deductions for business meals as restaurants reel from the impact of the coronavirus outbreak.

1 Min Read
President Trump speaks during a news conference in Washington, D.C. with members of the Coronavirus Task Force
By Justin Sink
March 10, 2020 9:52 AM

The president will seek a payroll tax cut and “very substantial relief” for industries that have been hit by the virus, reversing course on the need for economic stimulus hours after markets posted their worst losses in more than a decade.

4 Min Read
Tax forms
Michael Cohn
April 8, 2019 5:41 PM

As Tax Day approaches, accountants are finally getting to the end of a season made particularly grueling by the Tax Cuts and Jobs Act.

6 Min Read