Tax Reform

House GOP Cuts Taxes For Pass-Through Businesses, Then Worries About A Shift To Self-Employment

 House GOP Cuts Taxes For Pass-Through Businesses, Then Worries About A Shift To Self-Employment

For the second time in a week, House Republicans are pushing policy changes that seem to conflict with key elements of last year’s Tax Cuts and Jobs Act (TCJA). This time, the House says it is worried about the growing numbers of self-employed workers and is giving the IRS 90 days to explain how it will improve their tax compliance.

Jack Daniel's Shipments Upped as Trade War Loomed

Jack Daniel's Shipments Upped as Trade War Loomed

Brown-Forman earns only half of its revenue from the United States, with Europe accounting for a quarter and Mexico and Canada contributing around 5 percent and 1 percent of net sales, respectively. Shares of the Kentucky-based company were on course for their worst day in nearly seven years, falling 6.5 percent in afternoon trade as the company also warned of gross margin declines due to higher wood, agave and freight costs.

Trump's Trade And Immigration Policies Could Wipe Out Tax Cut Benefits

Trump's Trade And Immigration Policies Could Wipe Out Tax Cut Benefits

President Trump and his allies in Congress promised that the Tax Cuts and Jobs Act (TCJA) would supercharge the US economy, […]. But the negative economic effects of Trump’s highly restrictive trade and immigration policies threaten to overwhelm any benefit of the tax cuts.