Would tax cut bring higher wages?

WASHINGTON — Gary Cohn, the top White House economic adviser, was onstage making the Trump administration’s case that a huge cut in corporate taxes would trigger a surge of business investments. Then came an off-the-cuff question to business leaders listening to Cohn at The Wall Street Journal CEO Council meeting last week: How many will increase… Please follow and like us:

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House tax bill will cap mortgage interest deduction, leave 401(k)s unchanged

WASHINGTON — The House GOP tax plan would dramatically lower the cap on mortgage interest deductions used by many Californians to loans on newly purchased homes totaling no more than $500,000, down from the current $1 million, according to a draft of the plan released Thursday. It would also immediately slash the corporate rate to 20… Please follow and like us:

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GOP tax plan would benefit super-rich the most, slightly raise taxes on upper earners, analysis finds

WASHINGTON — The Republican tax plan would give the biggest benefit to the super-rich in coming years — and slightly raise upper earners’ taxes — while reducing them for everyone else, according to an analysis released Friday by a nonpartisan think tank. The sweeping tax changes, which include slashing the corporate rate and lowering the top… Please follow and like us:

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