Tag: tax reform

February 2, 2018

The rise of express deliveries and the recent U.S. tax reform have led UPS to order another 14 Boeing 747-8 cargo jets, the logistics firm has announced. 747s may be out of favor with passenger carriers these days, supplanted by […]

November 22, 2017

Tax reform is top of mind for CFOs this year, according to the latest CNBC Global CFO Council survey, with 20 percent of respondents saying it is the most important business story of 2017. Furthermore, a majority of North American […]

November 17, 2017

Cisco CEO Chuck Robbins said he’s “optimistic” about tax reform, and said that his company is one of the top five companies that would benefit from its passage. “We see increased M&A. We see investments in innovation, innovation centers. We […]

November 14, 2017

House Republicans will vote on their tax-reform bill on Thursday, aiming to take the most concrete step yet toward overhauling the American tax system. House Majority Leader Kevin McCarthy, R-Calif., confirmed the plan to reporters on Tuesday. GOP leaders believe […]

November 3, 2017

President Donald Trump dubbed the tax reform effort unveiled Thursday as “The Cut Cut Cut Act,” and digging into the 429-page bill shows plenty of popular or valuable tax breaks that are on the chopping block. While changes to the […]

October 26, 2017

Some of the items contained in the GOP tax reform discussion are just “buying off” holdouts and serve no other purpose, Republican Sen. Bob Corker told CNBC on Thursday. “Some of the things we’re doing, I’m sorry, are ridiculous,” Corker […]

October 24, 2017

The debate over “tax reform” has, by design, a kind of bloodless technocratic sound to it. But lurking behind the euphemism and the sometimes-arcane details is a big debate about inequality, political power, and the nature of economic growth. It’s […]

October 10, 2017

Cutting taxes sounds like an easy win for a Republican Party enjoying unified control of the federal government. But at the moment, they’re struggling. Not just struggling to scrounge up concurrent majorities for a tax bill but struggling to reach […]

October 4, 2017

The Trump administration plan to sharply cut corporate tax rates here in the U.S. just got a major shot in the arm from a surprising source: The European Union. Okay, so maybe the tax-hungry bureaucrats in Brussels aren’t such a […]

August 30, 2017

President Donald Trump will turn his signature populist rhetoric toward tax reform on Wednesday in a speech expected to tout tax cuts as a way to help workers and the middle class in an economy “rigged” against them, senior White […]

August 25, 2017

Republican leaders may hope to get some Democrats to vote for their tax legislation, but don’t expect that to happen if it winds up just being tax cuts, Rep. Bill Pascrell, D-N.J., told CNBC on Thursday. “We are not going […]

August 25, 2017

Despite the divisions within the Republican Party, GOP strategist Ron Christie told CNBC on Thursday he is “somewhat confident” that Congress will find a way to compromise on tax reform legislation. “We have the largest governing majority right now since […]

August 22, 2017

Tax reform is the “political holy grail” for Republicans and therefore should get done, former Minnesota Gov. Tim Pawlenty told CNBC on Monday. “Tax reform is across-the-board popular in the Republican Party,” the Republican said in an interview with “Closing […]

August 17, 2017

As long as there’s still hope that Washington can deliver tax reform this year, investors can look past President Donald Trump’s fractured relationship with corporate America over his response to Saturday’s deadly white nationalist rally in Charlottesville, Virginia, said The […]

August 16, 2017

Amid the political chaos of the last few days, the White House’s chief economic advisor, Gary Cohn, said Tuesday that tax reform can happen this year. “We just spent literally the morning upstairs working on our tax reform plan, tax […]

August 14, 2017

Republicans are facing a tough sell as they try to make the case for a sweeping rewrite of the nation’s tax code to the American public this month. Recent polling data show many households don’t appear convinced that there’s a […]

August 11, 2017

The White House plans to release a brief document in early- to mid-September outlining a framework for overhauling the U.S. tax code, according to three sources familiar with the matter. In a sign of the Trump administration’s struggles to advance […]