Tax Policy Center News
Experts weigh in on impact of Trump's tax plan
Experts are already taking issue with president Trump's newly-released tax plan -- in particular the White House's claim that economic growth would offset large losses in government revenue from the proposed corporate tax cuts. The plan calls for the corporate tax rate to be slashed to 15 percent.
Correction: Taxes-Don't Touch Deductions story
In a story Aug. 31 about popular tax deductions, The Associated Press reported erroneously that the mortgage interest deduction allows homeowners to deduct up to $1 million in interest payments. It allows them to deduct interest on up to $1 million in mortgage debt. A corrected version of the story
How Donald Trump's Tax Plan Could Impact Your Wallet
The "GMA" team of insiders analyze some of the biggest stories trending this morning.
Tax Loopholes Trump May Have Used to Avoid Payments
Donald Trump may have used a questionable and now-prohibited tax maneuver to avoid tens of millions of dollars in personal income taxes, the New York Times reported . In its story, published Monday night, The Times said documents it had obtained while researching bankruptcy filings on his New
A Closer Look at Donald Trump’s Claim About Hillary Clinton’s Estate Tax Plan
Donald Trump suggested to an audience in Iowa Wednesday that family farmers will pay a 65 percent estate tax under Hillary Clinton 's proposed tax plan, making it impossible for their children to "hold onto your farms." But how does that mesh with the facts? At the event, Trump said: “By the way,
The Realities of Donald Trump's Economic Policies
Republican presidential nominee Donald Trump Monday laid out his most detailed policy proposal to date. In it, he outlined his plan to address the country's economic future, adding specifics to the plan he released in September. Not unlike any presidential candidate, Trump declared that his plan
Hillary Clinton Jokes Donald Trump's Economic Speech Was Written by '6 Guys Named Steve'
Hillary Clinton wasted little time in criticizing Donald Trump 's new economic plan, which the Republican presidential nominee unveiled earlier today during a speech in a Detroit. During remarks at campaign rallies in St. Petersburg and Kissimmee, Florida, Clinton slammed her opponent for trying to
Donald Trump Unveils More Detailed Economic Policy Plan, Interrupted by Protesters
Donald Trump , addressing the Detroit Economic Club, today rolled out a new version of his economic plan. In it, he advocated tax-exempt child care expenses, adjusted his previous call for four income tax brackets to three and called for abolishing the so-called death tax. “I want to jump-start
Democratic National Convention 2016: Fact-Checking the Speakers
The Democratic Party is holding its convention in Philadelphia this week. Every day, ABC News will be fact-checking speakers at the Democratic National Convention . DAY FOUR: Thursday, July 28 Fact Check: Economy Added 15 Million New Private-Sector Jobs Since Obama Inauguration Claim: The economy