Meanwhile, advocates are fiercely debating whether either bill does enough to ensure the new source of wealth will be.

Republicans say it’s a tax cut for the middle class. The biggest winners are the rich. republicans claim the bill is meant to benefit the middle class, but lower- and middle-class taxpayers will receive moderate tax cuts. The wealthy, by contrast, get a massive windfall, and the corporate tax rate would nearly cut in half.

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For more than a year, President Donald Trump has suggested that China was footing the bill for the tariffs. “By no means.

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After months of internal debate among Republicans, the House Ways and Means Committee released the details of its plan to overhaul the U.S. tax code. Here is a look at all of the details.

What Trump’s victory means for you and your taxes. Trump’s fellow Republicans may be reluctant to oppose the new sheriff in town.. Check out this calculator that shows your tax bill.

What the New tax bill means for You. The enactment of the Tax Cuts and Jobs Act represents "the most sweeping overhaul of the U.S. tax code in more than 30 years." 1 For millions of Americans and businesses it means an altered financial and investment landscape with new opportunities and challenges in the years ahead.

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What the New tax law means for You. The new tax bill passed by Congress on Wednesday and signed into law on Friday is a major coup for U.

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