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As Good As It Gets?

Authored by Sven Henrich via NorthmanTrader.com, So they got their tax cut done. In the middle of the night again no less, despite the vast majority of the American people not wanting it. The reason may simply be that the American public is not believing the false narratives that are being sold to them. And […]


“You All Just Got A Lot Richer” – Trump Confirms The Biggest Problem With The GOP Tax Cut

As we’ve pointed out time and time again, the biggest problem with the Trump tax cuts is that they overwhelmingly benefit the rich. In fact, shortly after the initial nine-page outline of the program was unveiled by Gary Cohn and Steven Mnuchin, the nonpartisan Tax Policy Center released an analysis that showed the wealthiest 1% […]


Wells Fargo, Fifth Third, Comcast Unveil Minimum Wages Hike, Bonus Payments After Tax Reform Passes

Update: Add Comcast to the list   #winning pic.twitter.com/QBForn6EeF — Phil Kerpen (@kerpen) December 20, 2017 * * * AT&T’s announcement that it would boost US capex by $1 billion and pay a $1,000 special bonus to 200,000 employees once Trump signs the Tax Cut bill into law (ideally before the holidays), has unleashed a […]


House Passes Trump Tax Plan For Second Time

Update: In a vote that almost exactly mirrored yesterday's results, the House once again passed the final Trump tax bill – formerly known as the conference agreement on the Tax Cuts and Jobs Act – by a vote of 224-201. As the Financial Times pointed out, "the vote gives the president a longed-for legislative victory […]


House Passes Trump Tax Plan For Second Time With Only 1 Republican Voting Against

Update: In a vote that almost exactly mirrored yesterday's results, the House once again passed the final Trump tax bill – formerly known as the conference agreement on the Tax Cuts and Jobs Act – by a vote of 232-190. The only difference was that only one Republican voted against the bill during its second […]


Watch Live: House Holds Second Vote On Tax-Reform Plan

The House of Representatives is voting for the second time on the final version of the Republican tax-reform plan. If the bill passes and is signed into law by President Donald Trump, it would be the first piece of comprehensive tax reform in 31 years. Watch it live below: Democrats, who have nicknamed the bill […]


House Passes Trump Tax-Reform Plan In 227-203 Vote

After more than six weeks of frenzied negotiations, the House of Representatives has passed the reconciled version of President Donald Trump's tax plan, leaving only one major hurdle between Republicans and their biggest legislative accomplishment of the Trump era. In a 227-203 vote, the House passed the tax plan over united Democratic opposition, as well […]


House Passes Tax-Reform Bill – 12 Republicans, All Democrats Vote Against

After more than six weeks of frenzied negotiations, the House of Representatives has passed the reconciled version of President Donald Trump's tax plan, leaving only one major hurdle between Republicans and their biggest legislative accomplishment of the Trump era. In a 227-203 vote, the House passed the tax plan over united Democratic opposition, as well […]


Republican Tax Plan Is Headed For Final Round Of Votes

Barring some unforeseen catastrophe (or another floor-vote surprise akin to Sen. John McCain’s last minute decision to strike down the Senate’s plan to repeal and replace Obamacare), Congressional Republicans appear all but certain to pass the reconciled version of President Donald Trump’s tax-cut plan – the first time Congress has successfully passed comprehensive tax reform […]


Goldman Finds Tax Reform Will Greatly Benefit The Big Banks

It’s not just the ultra rich, as well as a dazed and confused Bob Corker who is set to reap a $1+ million windfall from the passage of a tax bill which he opposed until just days ago, who will benefit from the passage of tax reform: according to Goldman Sachs among the biggest beneficiaries […]


“This Is A Historic Event”: GOP Leaders Say Tax Reform Will Pass By Week’s End

After weeks of frenzied closed-door haggling, Republicans appear to be on the cusp of what could be the greatest legislative achievement of the Trump administration: Passing the first comprehensive tax reform plan since 1986. And on Sunday, Republican leaders reiterated that they had cobbled together the votes to push the reconciled version of the GOP […]


Here Is What Is In The Republicans’ Final Tax Bill

On Wednesday, Congress Republicans were said to reach a deal on final tax legislation, clearing the way for final votes next week on a package that, if approved, would be sent to President Donald Trump to sign into law. While the formal language of the legislation has not been released, the following are the known […]


Watch Live: President Trump Discusses GOP Tax-Reform Deal

In what's to be a hastily organized press conference, the White House announced Wednesday that President Trump would speak about the Republican tax-reform effort at 3 p.m. Wednesday. The implication is that Trump will be laying out next steps now that GOP lawmakers have tentatively agreed on a compromise tax bill that both chambers of […]


Five European Nations Issue Warning To America On Tax Reform

First it was the Chinese, now it’s the Europeans, as the rest of the world is suddenly very unhappy with the prospect of US tax reform (or maybe it is an unexpectedly strong US economy). As we discussed yesterday, with the historic Trump tax reforms on the verge of passage and the Fed’s dot plot […]


Trump Tax Plan Greatest Gift Establishment Ever Got

The following article by David Haggith was published on The Great Recession Blog: As soon as President Trump put his Goldman boys, Gary Cohn and Steven Mnuchin, in charge of his tax plan, I knew Trump’s tax plan would never fulfill his and his henchmen’s promises of helping the middle class and of not giving additional […]