Representatives from the U.S. and Britain are meeting today for the first time to talk about what the trade relationship between the two countries will look like after Brexit. But there is only so much U.S. and British negotiators can work out in advance. That’s because we still don’t know what Brexit will look like. Click […]
This week, the House of Representatives detailed a 2018 budget plan, a first step toward a tax code overhaul. But it’ll be no small lift to get to the big corporate tax cut President Trump has promised. The administration wants to lower corporate tax rates from 35 percent to 15 percent. That’s going to be […]
The U.S. Chamber of Commerce sent a shot across the bow of congressional Republicans in the form of a not-so-subtle message — don’t screw up tax cuts like you did health care reform, or else. Its letter explained that a year from now, the Chamber will be evaluating candidates based on their support for a “free […]
We haven’t seen much in wage gains out of recent jobs reports from the Labor Department. The most recent one, for June, showed average hourly wages, as reported by employers, up just 2.5 percent over the past year, not much better than inflation. But another measure of income from the Labor Department, based on a […]
In a bid to avoid the legislative fiasco that was the attempt at Obamacare repeal, the GOP has tried to take a more deliberate approach to its next big priority — tax reform. The White House said it has held “hundreds of listening sessions” on the topic, and Politico reports that Treasury Secretary Steven Mnuchin and […]
