tax

Year One List: 81 major Trump achievements, 11 Obama legacy items repealed

(Worthy News) – With the passage of the GOP tax bill this week, the Trump administration has scored 81 major achievements in its first year, making good on campaign promises to provide significant tax cuts, boost U.S. energy production, and restore respect to the United States, according to the White House. And along the way,…

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Companies trumpet bonuses, pay hikes after Congress passes tax bill

(Worthy News) – Multiple companies announced Wednesday they plan to reward employees with higher wages and bonuses due to the tax bill passed by the Republican-led Congress. Wells Fargo, Boeing, Fifth Third Bancorp, and Comcast each announced additional investments and attributed the changes to the tax reform legislation. The announcements follow that of AT&T, which…

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Congress sends historic tax bill to Trump

(Worthy News) – House Republicans on Wednesday voted for the second time in two days to pass a major tax overhaul, sending the $1.5 trillion tax cut to President Trump, as promised, just before Christmas. “With the new tax system we will deliver today, things will change for the better, and they will change immediately,”…

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Senate narrowly passes GOP tax cuts, sends back to House for one last vote

(Worthy News) – Senate Republicans passed a major overhaul of the tax code early Wednesday morning, bouncing the bill back to the House for one last vote Wednesday morning before it is sent to President Trump’s desk for his signature. The bill passed 51 to 48, along party lines, with Vice President Mike Pence presiding.…

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Republicans scramble for spending deal by Friday

(Worthy News) – House Republicans late Tuesday had little time to celebrate their pending victory on tax reform, and instead were scrambling to come up with a bill to keep the government open past Friday’s deadline. The House is expected to vote on legislation as early as Wednesday that would keep the government funded fully…

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Congress Fails to Repeal Johnson Amendment in Tax Bill

(Worthy News) – A measure within the federal tax overhaul bill that would end the IRS regulation barring churches from endorsing political candidates has been removed from the proposed legislation. The Senate’s parliamentarian struck out the language overturning the Johnson Amendment, with the Hill reporting last week that the reason was because it “did not…

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Mike Pence delays Middle East trip until after Senate tax reform vote

(Worthy News) – Vice President Mike Pence will postpone his trip to Egypt and Israel until after the Senate votes on the GOP’s tax reform bill, according to a statement released by his team Monday. “The largest tax cut in American history is a landmark accomplishment for President Trump and a relief to millions of…

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McCain Returning Home to Arizona, Will Likely Miss Tax Vote

(Worthy News) – Republican Sen. John McCain is returning home to Arizona after being hospitalized for the side effects of his brain cancer treatment and likely will miss a crucial vote on the GOP tax package, President Donald Trump said Sunday. Trump told reporters he had spoken to McCain’s wife, Cindy after her husband had…

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