Taxes

Morgan Brennan looks at big business winners and losers under the new tax plan.

Sweeping tax changes will take effect on January 1, impacting state and local taxes, as well as the property tax. That has many Americans in high tax states eager to prepay their property taxes in hopes they can lock in 2017’s deductions before they’re capped in 2018. PagnatoKarp senior tax manager Johanna Seenath discusses who can and should prepay their property taxes.

Trump tax reform is different than 1986 but could be just as transformative, says Jim Miller, White House budget director under Reagan.

“Many of you are actually going to save a fortune on your tax returns,” says David Bach.

Tax reform smacks down nonprofits who undermine charitable, educational, and medical causes with excessive executive pay, says Jake Novak.

The Democrats blew their chance to kill the tax bill by focusing on other Trump distractions, says Jake Novak.

Doug Jones, the apparent winner of Alabama’s Senate election, has signaled that he would oppose the GOP tax plan.

Kevin Brady and Kevin McCarthy criticize the Senate’s inclusion of the corporate alternative minimum tax.

Rep. Kevin McCarthy outlines where he stands on the alternative minimum tax, individual tax rates and the mortgage interest deduction.

Sen. Mike Rounds says he’s willing to vote for a 22 percent corporate tax rate, despite the White House’s insistence on 20 percent.

The Congressional tax overhaul could put a dent in home values in high-tax states, and create looming credit risks for local governments.

Trump wants GOP lawmakers to repeal the Obamacare individual mandate to further cut taxes for high-income Americans.

Gary Cohn maintains that the estate tax is about much more than simply protecting wealth for the richest American families.

The House Republican tax plan cuts the cap on the deduction to $500,000 of mortgage debt for newly purchased homes.