Tag: Economic Growth

  • A New Tax Break for Poor Neighborhoods Could Benefit Luxury Developers

    The idea for opportunity zones was hatched three years ago in a white paper from the Economic Innovation Group, a non-profit founded by Sean Parker, the Napster creator and first president of Facebook Inc., to “empower entrepreneurs and investors to forge a more dynamic economy throughout America.” The authors—Jared Bernstein, one of the key members […]

  • Heres Where the GOP Tax Bill Stands Right Now

    The House tax-writing committee began four days of work Monday to hammer out the details of the Republican tax cut plan. Here are the latest developments, updated throughout the day: Brady’s Amendment Adopted by Ways and Means (9:29 p.m) House Republicans on the Ways and Means Committee adopted a package of changes offered by Chairman […]

  • These Are the Tax Issues Threatening to Divide Republicans

    President Donald Trump and Republican congressional leaders within their own ranks. With Republicans holding 52 seats in the 100-member Senate, only a few defections could sink a bill — as happened to their failed efforts to repeal Obamacare. Here are issues that might divide Republicans. 1. Will tax cuts add to the deficit? Some Republicans […]