WASHINGTON — Republicans are on the verge of passing the most significant overhaul of the tax code since 1986, after the Senate approved the GOP plan Tuesday evening and House leaders scheduled a Wednesday morning vote to send it to President Donald Trump. The sprawling plan would cut the corporate tax rate dramatically and provide […]
tax bill
Posted inMaine, sj-web
Tax bill's fate may depend on Maine's Susan Collins
Once again, U.S. Sen. Susan Collins may decide the fate of a major proposal touted by President Donald Trump — a tax overhaul. The Maine Republican’s vote is crucial to winning passage in the Senate of a tax bill that would slice the corporate rate and cut most household taxes during the next decade. The […]
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Posted inNation / World, sj-web
White House open to striking health provision from tax bill
WASHINGTON (AP) — The White House says it’s willing to strike a health-care provision from Senate legislation to cut taxes and overhaul the tax code if the provision becomes an impediment to passing one of President Donald Trump’s top legislative priorities. The provision would repeal a requirement that everyone in the U.S. have health insurance […]
Posted inMaine, sj-web
GOP tax writers delay rollout as Donald Trump sets rapid timetable
Treasury Secretary Steve Mnuchin listens as President Donald Trump speaks during a meeting on tax policy with business leaders in the Roosevelt Room of the White House, Tuesday, Oct. 31, 2017, in Washington. (AP Photo/Evan Vucci) WASHINGTON (AP) — House Republicans struggled to complete work on a sweeping tax proposal, delaying its public release by […]