Some large companies have announced plans to use the tax savings they will receive from the tax reform to raise the salaries of their employees. Wells Fargo (WFC) and Fifth Third Bancorp (FITB) said they plan to raise the minimum wage in their companies to ...
So, the new tax legislation in the United States has already been adopted, but has not yet entered into force, and there are only a few days left until the end of 2017, and for most individual taxpayers this means the end of the tax year. But despite the Christmas week, there is still ...
The US Senate on December 20 passed a tax reform bill prepared by the administration of President Donald Trump. The day before the document was approved by the House of Representatives of the Congress. Now the regulation will be submitted for signature to the head of the White House, after which it will be able to gain legal force, writes NBC News. The president…
On Friday, Republicans agreed on the final draft of the tax reform, overcoming differences between the bills of the House of Representatives and the Senate. According to the Washington post, the full text of the tax reform is expected to be published on Friday and voted on next week. What will be changed New tax ...
The Senate Budget Committee on Tuesday approved the Senate Republican Tax Plan, clearing the way for the bill this week. The bill would cut the corporate tax rate from 35 percent to 20 percent, but many Americans don't know how the tax plan will affect them personally. One of…
On the night of Saturday, December 2, the US Senate approved a large-scale tax reform bill. 51 Republican senators voted in favor, 48 Democrats and one Republican senator voted against. According to USA Today, before this, the House of Representatives of Congress voted for its version...
Senate Republicans are slated to approve a bill to revise the US tax code this week, but it is not yet known if they will be able to collect votes from members of their faction, given the opposition to the reform by Democrats. As the Voice of America writes, if the Republicans fail ...
400 American millionaires and billionaires wrote a letter to the US Congress. They ask legislators not to cut their taxes, which Donald Trump is proposing to do. According to the publication Present Time, among the signatories of the letter are investor George Soros, founders of the Ben & Jerry's Ice Cream chain Ben Cohen and...
Senate Republicans, 51 to 49, approved a budget resolution that could pave the way for President Trump's plan for "massive tax cuts and tax reform." Writes about this USA Today. After the vote, the White House issued a statement in which ...
President Trump spoke in Pennsylvania to truck drivers, the most common profession in 29 of America's 50 states, to unveil his tax plan. The Voice of America reports that Trump’s speech was intended to challenge the position of independent analysts...