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Billionaire business owners deployed lobbyists to make sure Trump’s 2017 tax bill was tailored to their benefit. Confidential IRS records show the windfall that followed. ....
POLITICO Sign up for POLITICO Playbook today. Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Presented by The past five years have made European leaders acutely aware of U.S. domestic politics. | Toby Melville - WPA Pool/Getty Images DRIVING THE DAY We keep learning disturbing new details about how far DONALD TRUMP’S Justice Department was willing to go after perceived enemies it suspected were responsible for Russia-related leaks. It pursued members of the media and, according to a bombshell report by the NYT on Thursday night, Democrats in Congress and their family members, too: “As the Justice Department investigated who was behind leaks of classified information early in the T ....
Tuesday, April 6, 2021 On March 31, 2021, the White House released a factsheet describing the “American Jobs Plan”, a $2.3 trillion proposal for infrastructure spending that also contains certain significant tax credits, and the “Made in America Tax Plan”, a tax proposal that would generate revenue to pay for the American Jobs Plan spending. The White House estimates that the Made in America Tax Plan will raise $2 trillion in tax revenue over the next 15 years. The Made in America Tax Plan contains a number of proposals that apply principally to multinational corporate taxpayers, many of which are similar to those proposed by President Biden during his presidential campaign. The proposals include a significant increase to the U.S. federal corporate income tax rate (but still well below the pre-2017 rate), a “minimum” tax on the book income of large corporations, and significant changes to some of the international tax rules that were enacted as pa ....
House revives tax reform plan after the original bill dies in Senate House revives tax reform plan after the original bill dies in Senate By Courtney Ann Jackson | March 16, 2021 at 7:58 PM CDT - Updated March 16 at 9:10 PM JACKSON, Miss. (WLBT) - Just when it seemed the tax reform plan was dead for this legislative session, the House, where it originated, found a way to bring it back through the bond bill. This proposal would phase out the income tax, reduce the grocery tax and increase the sales tax. “Ladies and gentlemen, the tax bill was alive again with this amendment,” said Rep. Trey Lamar. ....