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U.S. Senate approves major tax cuts in victory for Trump
Sun, Dec 03, 2017
In what would be the largest change to U.S. tax laws since the 1980s, Republicans want to add $1.4 trillion over 10 years to the $20 trillion national debt to finance changes that they say would further boost an already growing economy.
Senate Republicans release new version of tax bill
Sat, Dec 02, 2017
The changes in the "substitute amendment" released by Senate Finance Committee Chairman Orrin Hatch on Friday night include an increase in the deduction for pass-through business income from 17.4 per cent to 23 per cent, reports.
US House narrowly passes measure paving way for Trump tax cuts
Fri, Oct 27, 2017
The Republican-controlled House voted 216-212 to pass a budget blueprint for the 2018 fiscal year. The measure will enable the tax legislation.
Obama says goodbye, rally spirits of Democrats
Wed, Jan 11, 2017
Outgoing President Barack Obama on Tuesday said goodbye to the US citizens in a dramatic reinterpretation of a presidential farewell address.
Trump offers less generous tax breaks in new economic plan
Fri, Sep 16, 2016
Trump's proposal, which he detailed in a speech in New York, would reduce the top individual rate to 33% from the current 39.6%.