Category: Tax

GOP Tax Bill Decreases Benefits Of Homeownership For Many Americans

For some time now, United States tax codes have provided incentives for homeownership. These tax breaks were meant to encourage first home purchases with the thought that homeowners would upgrade to more expensive homes as the aged. The intended message to the American people is that to truly qualify as a middle-class family there must

Maine’s Senator Susan Collins May Change Her Tax Reform Vote

Just when the Republicans were ready to have a big “we got you where we want you party,” the senator from Maine, Susan Collins, says she’s not “all in” on the vote to lower corporate taxes. She is not in favor of sticking it to the people who actually make money for these capitalistic demigods.

Banking Giants Express Concerns Over Proposed U.S. Tax Reform

Republican lawmakers and White House officials are pressing ahead with the Tax Cuts and Jobs Act, which could be the first major piece of legislation of the contentious Trump administration, but two banking industry associations are objecting to a specific provision within the proposal. The two industry groups have sent a letter to the United