Are Trump's tax cuts backfiring on Wall Street?
Be careful what you wish for.
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Be careful what you wish for.
President Donald Trump's first State of the Union address on Tuesday was billed as a "unifying" speech that looked to bridge a partisan divide that has only grown during his first year in office.
It's never a bad year to be rich, exactly. But 2017 turned out to be a particularly good one.
President Donald Trump will likely sign the $1.5 trillion tax bill into law Friday, White House officials predict, shortly before he departs Washington for his holiday vacation in West Palm Beach, Florida.
President Donald Trump joked Wednesday that Rep. Steve Scalise being shot and critically wounded by a gunman earlier this year was a "hell of a way to lose weight."
The House of Representatives gave final approval Wednesday afternoon to its major rewrite of the US tax code, the first major legislative accomplishment for congressional Republicans and President Donald Trump this year.
A lot of change is coming to taxes -- how much you'll pay and how you prepare them. Some people will pay more, some will pay less. It depends on many factors.
The GOP tax bill is a done deal. A minor technical issue (or more accurately, the Senate rules), slowed things up by about 11 hours, but the House will vote to again pass the tax bill, clearing it for the President's signature.
In a vote in the early Wednesday morning hours, the Senate approved the final version of the first overhaul of the US tax code in more than 30 years, handing President Donald Trump and congressional Republicans their most significant legislative victory of 2017.
House Republicans applauded and cheered after they voted for their long-anticipated tax reform plan Tuesday.
Congressional Republicans are cheering a major win as tax reform makes its way through Congress to President Donald Trump's desk but they could be barreling toward a government shutdown at the end of the week because of a major fight between House and Senate GOP lawmakers over Obamacare payments.
Sweeping U.S. tax reform only comes around every 30 years or so.
The final version of the GOP's tax reform bill passed in the House of Representatives on Tuesday, sending it on to the Senate, where it's also expected to pass.
With the House of Representatives set to vote on the Republican tax reform bill Tuesday before sending it to the Senate and then the President's desk for signing on Wednesday, the plan faces growing opposition and a widespread perception that it will benefit the wealthy more than the middle class, according to a new CNN poll conducted by SSRS.
As far as Capitol Hill is concerned, the only thing certain about next week is taxes.
Republicans on Friday unveiled the final version of their tax bill, and it has new restrictions for some homeowners.
Republicans failed to repeal Obamacare earlier this year, but they have now succeeded in axing a key provision of the health reform law.
Republicans unveiled their final tax bill Friday evening, a step that will place them on track to vote on their plan next week and potentially have President Donald Trump sign it into law by the end of the year.
Senate Republicans are working to shore up enough votes within their caucus to pass tax reform next week, even in the unlikely but possible scenario that two Republican senators are absent for the big vote.
A controversial provision that would have permitted nonprofit groups to enter politics and could have led so-called "dark money" contributions to become tax deductible has been dropped from the GOP tax bill, according to a leading Senate Democrat.
Sen. Marco Rubio, a Republican from Florida, told congressional leadership that he will not support the latest version of the GOP tax bill if the legislation doesn't make the child tax credit more generous.
With just days to go before House and Senate Republicans want to vote on a final tax bill, the Treasury Department issued a one-page memo outlining its views on the economic growth prospects of the Senate-passed version of the bill.
Top tax and policy staffers from both the House and the Senate met at various points Wednesday as the process of crafting a final bill picked up speed.
Wall Street's tax party proved to be short-lived on Monday.