Tax reform

The entrance to the office of Sen. John McCain, R-Ariz., is seen on Capitol Hill, in Washington, Thursday, Dec. 14, 2017, as the senior lawmaker and chairman of the Armed Services Committee is away as he is treated for the side effects of brain cancer therapy. As Senate Republicans rush toward votes next week on their sweeping $1.5 trillion tax package, it is uncertain whether Sen. McCain and Sen. Thad Cochran, R-Miss., will be back and well enough to cast their votes. (AP Photo/J. Scott Applewhite)
December 15, 2017 - 6:02 am
Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. WHO COULD HOLD UP GOP TAX PACKAGE Republican Senator Marco Rubio's potential defection over a tax credit for low-income parents puts a speed bump into his party's effort to approve tax...
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Sen. Rob Portman, R-Ohio, a member of the tax-writing Senate Finance Committee, confers with an aide as tax bill conferees gather to work on the sweeping GOP plan, on Capitol Hill in Washington, Wednesday, Dec. 13, 2017. (AP Photo/J. Scott Applewhite)
December 14, 2017 - 10:41 pm
WASHINGTON (AP) — The Latest on the Republican tax overhaul (all times local): 10:30 p.m. A Democratic senator taking part in talks on the GOP tax package says a provision allowing churches to endorse political candidates and still keep their tax-free status won't be in the final bill. Oregon Sen...
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A woman walks past an electronic stock board showing the Hang Seng Index at a bank in Hong Kong, Friday, Dec. 15, 2017. Asian stock markets were mostly lower Friday as uncertainty over a sweeping U.S. tax revamp outweighed an optimistic Japanese economic survey. (AP Photo/Kin Cheung)
December 14, 2017 - 9:53 pm
HONG KONG (AP) — Asian stock markets were mostly lower Friday as uncertainty about the progress of a sweeping U.S. tax revamp outweighed an optimistic Japanese economic survey. KEEPING SCORE: Japan's benchmark Nikkei 225 index fell 0.9 percent to 22,498.85 while South Korea's Kospi climbed 0.4...
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Vice President Mike Pence, flanked by Rep. Peter Roskam, R-Ill., right, and Sen. Mike Enzi, R-Wyo., third from right, listens to President Donald Trump speak during a bicameral meeting with lawmakers working on the tax cuts in the Cabinet Meeting Room of the White House in Washington, Wednesday, Dec. 13, 2017. (AP Photo/Manuel Balce Ceneta)
December 14, 2017 - 1:56 pm
WASHINGTON (AP) — Vice President Mike Pence will delay and curtail his upcoming trip to the Middle East to be on hand for an upcoming Senate tax vote and take into account the unwillingness of Palestinians and others to meet with him while in Egypt and Israel. The White House said Thursday that...
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Sen. Debbie Stabenow, D-Mich., a member of the Senate Finance Committee, confers with an aide as tax bill conferees gather to work on the sweeping GOP plan, on Capitol Hill in Washington, Wednesday, Dec. 13, 2017. (AP Photo/J. Scott Applewhite)
December 14, 2017 - 1:15 pm
WASHINGTON (AP) — The Republican tax plan seems about to hand a bow-tied holiday gift to some of America's richest multinational companies, from Apple and Microsoft to Google's parent Alphabet: Tens of billions in tax breaks on profits they've parked overseas. Republicans say they're confident the...
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Democrat Sen.-elect Doug Jones speaks during an interview with The Associated Press Wednesday, Dec. 13, 2017, in Birmingham , Ala. (AP Photo/John Bazemore)
December 14, 2017 - 7:39 am
WASHINGTON (AP) — The Latest on the Alabama Senate race and Democrats (all times local): 7:15 a.m. Democratic Sen.-elect Doug Jones is taking a pass on the question of whether the Senate should wait to vote on a sweeping tax overhaul until he can vote. Jones defeated former Alabama Supreme Court...
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From left, House Ways and Means Committee Chairman Kevin Brady, R-Texas, Rep. Richard Neal, D-Mass., ranking member of the House Ways and Means Committee, and Sen. Ron Wyden, D-Ore., the top Democrat on the Senate Finance Committee, and other tax conferees gather to work on the sweeping overhaul of the nation's tax laws, on Capitol Hill in Washington, Wednesday, Dec. 13, 2017. Democrats are objecting to the bill and are asking that a final vote be delayed until Senator-elect Doug Jones of Alabama is seated. (AP Photo/J. Scott Applewhite)
December 14, 2017 - 12:06 am
WASHINGTON (AP) — The Latest on the Republican tax overhaul (all times local): 9:30 p.m. The IRS says taxpayers could begin seeing less money withheld from their paychecks "as early as February" if Congress passes a Republican tax overhaul plan this month. The agency says in a statement released...
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House Ways and Means Committee Chairman Kevin Brady, R-Texas, center, embraces Senate Finance Committee Chairman Orrin Hatch, R-Utah, left, as House and Senate conferees after GOP leaders announced they have forged an agreement on a sweeping overhaul of the nation's tax laws, on Capitol Hill in Washington, Wednesday, Dec. 13, 2017. Rep. Richard Neal, D-Mass., ranking member of the House Ways and Means Committee, looks on at far right. Democrats objected to the bill and asked that a final vote be delayed until Senator-elect Doug Jones of Alabama is seated. (AP Photo/J. Scott Applewhite)
December 13, 2017 - 9:45 pm
WASHINGTON (AP) — Confident congressional Republicans forged an agreement Wednesday on a major overhaul of the nation's tax laws that would provide generous tax cuts for corporations and the wealthiest Americans — Donald Trump among them — and deliver the first major legislative accomplishment to...
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December 13, 2017 - 8:09 am
Power Five schools that handed out eight-figure contracts to football coaches this fall could face millions in new taxes on those coaches' salaries if the tax overhaul becomes law. Here's a look at how much the new coaches are making and the potential tax burden on the universities: Arizona State:...
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FILE - In this Dec. 4, 2017, file photo, Jimbo Fisher speaks as he is introduced as Texas A&M's new head football coach, in College Station, Texas. A potential new tax on seven-figure salaries for employees of non-profits hasn’t deterred schools from doling out huge contracts to new coaches. Football powers aiming for a national title have continued to pay the market rate for proven coaches, topped by the 10-year, $75 million deal for Jimbo Fisher at Texas A&M. (Dave McDermand/College Station Eagle via AP, File)/College Station Eagle via AP)
December 13, 2017 - 2:48 am
WASHINGTON (AP) — A potential new tax on seven-figure salaries for employees of non-profits hasn't deterred schools from doling out huge contracts to new coaches. Football powers aiming for a national title have continued to pay the market rate for proven coaches, topped by the 10-year, $75 million...
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