The House bill excludes wildfire tax relief and the Senate plan omits small losses. Blame it on politics.
taxes
Posted inOp-Eds, Opinion
MaineHousing director: Tax bill will make our state’s affordable-housing crisis even worse
If private activity bonds lose their tax-exempt status, thousands of badly needed units won’t be constructed.
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Posted inBusiness, Nation & World
European Union blacklists 17 countries as tax havens
Pressure is on for small countries to stop allowing the wealthy to stash money in shell companies.
Posted inLocal & State, News, Politics
Sen. Collins criticizes some provisions of Republican tax reform bill
Maine’s senior senator has strong reservations about repealing the ACA’s individual mandate, as well as making corporate tax cuts permanent while those for middle-class families would end after nine years.
Posted inLocal & State, News, Politics
Constituents voice concerns over federal tax reforms at session with Rep. Pingree
The 1st District Democrat, who says she’ll vote against the Republican plan, convenes a group in Portland that points to ways in which the proposal could harm middle class Mainers.
Posted inBusiness
Mortgage interest or local tax? Deduction tradeoff discussed
Republicans from high-tax states are offered an either-or proposal to coax them to support Trump’s tax plan.
Posted inBusiness, Nation & World, Politics
The push is on to sell skeptical Americans on the value of corporate tax cuts
A campaign takes the argument to voters that Trump’s reform plan would unleash an economic bonanza.
Posted inNation & World, News, Politics
Republicans divided on tax cut priorities
As the administration and congressional leaders work on a framework for Republicans’ top fall priority, how to pay for it remains the thorniest issue.
Posted inBusiness, Nation & World, News, Politics
Despite lack of a plan, Trump will start campaigning for tax overhaul
The push for tax reform comes amid an intense September workload that requires Congress to act by month’s end to fund the government and raise the debt limit, as well as pass emergency spending for the Harvey disaster.
Posted inNation & World, Politics
Overhaul falters as some balk at import tax
A growing number of congressional Republicans oppose the tax that draws strong opposition from retailers, automakers and the oil industry.