TaxReform

  • McDonald’s expanding tuition benefits for employees citing tax reform

    The McDonald’s Corporation announced Thursday it will triple its tuition assistance for restaurant employees citing the passage of tax reform in December. The company plans to expand its 3-year-old education benefits program “Archways to Opportunity” with an additional $150 million over the next five years and will lower the...
  • Trump talks tax cuts and budget on golf course with Graham

    President Donald Trump sought Sunday to gloss over the difficult work ahead for lawmakers laboring to finalize tax cut legislation he can sign by his self-imposed Christmas deadline. Trump tweeted about the pending bill before he went to his golf club in West Palm Beach for a round with...
  • Payday lending group plans to sue the Consumer Financial Protection Bureau

    A payday lending group plans to sue the Consumer Financial Protection Bureau over a new rule that tightens regulation of its business providing high-interest loans that borrowers use to make ends meet. The Community Financial Services Association of America plans to challenge one of the federal watchdog’s signature achievements...
  • 10 Things to Know for Today

    Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. TRUMP’S MAR-A-LAGO STAY A WELCOME BREAK FROM DC CHALLENGES The president draws a wiggly line between work, play and business at the private club he calls his “winter White House.” 2....
  • Trump’s $1.4 Trillion Tax Cut Is Entering Its Make-or-Break Week

    • Concerns over business income and deficit effects top agenda • Senate leaders plan to hold a floor vote as early as Thursday The $1.4 trillion item on President Donald Trump’s wish list – a package of tax cuts for businesses and individuals that he has said he wants...
  • Churches, non-profits could profit politically under House tax bill

    Not only would houses of worship be able to more actively promote political candidates, but so would non-profit groups under a section inserted into the House tax bill an hour before it was due for a key vote. The last-minute change affecting the so-called Johnson amendment was tucked into...
  • GOP Tax Bill will have an effect on College Campuses!

    WASHINGTON — The Oakland Raiders decided to move to Las Vegas largely because Clark County, Nevada, agreed to finance a new stadium with $750 million in tax-exempt bonds. Now, that tax exemption could be going away, leaving the county on the hook for even more money. The GOP tax...
  • Divorce penalty? Tax reform could shrink alimony for ex-spouses

    Alimony payments mandated by divorce agreements could lose their beneficial tax treatment. The Tax Cuts and Jobs Act, unveiled on Thursday, includes a provision to kill the deduction that taxpayers get for making such payments to an ex-spouse. Although it’s just one of the many tax breaks eliminated under...
  • House Tax Reform Bill Is Good for Middle Class Families and Pro-Growth

    The U.S. House of Representatives is out with their draft version of tax reform today. If you want to get into the weeds, the bill, the detailed summary, and a bunch of one-pagers are all available here. The plan basically gets done what it needs to: it enacts permanent,...