Taxes

Frustrations with the way Republicans are moving forward with their tax plan overflowed Wednesday as Democrats like Sen. Tom Carper of Delaware called the process “a farce.”

In making his closing argument for tax legislation expected to get a vote in Congress next week, President Trump announced that the changes would take effect early next year.

Supporters of a natural gas severance tax attempted to circumvent state House Republican leaders late Tuesday night to push the issue back onto the floor.

U.S. Sens. Tom Carper of Delaware and Bob Menendez of New Jersey, both Democrats, are also on the conference committee.

Negotiators were working to expand a deduction for state and local taxes to allow individuals to deduct income taxes as well as property taxes.

The tax bill might not be the kind of populist piece of legislation Trump promised during the campaign, but it does have a lot in it to make conservatives happy.

Fitch Ratings has taken the commonwealth off its rating watch negative list, but it still has a negative outlook.

There is no evidence to support Republicans’ claims that cutting taxes for wealthy individuals and large corporations will trickle down to create jobs and raise incomes.

This self-cannibalizing situation came about because of last-minute negotiations to get the votes of holdout senators.

The legislation would eliminate the $10,000 limit on property taxes New Jersey residents can deduct on state income tax returns.

Why are Republicans so insistent on this legislation? Because the second part of their strategy is to reverse long-established policies that benefit the poor and middle-class.

The U.S. Senator from Vermont and former presidential candidate said the bill, which passed the Senate over the weekend, was a blow to lower- and middle-class families.

The top 1 percent of Americans use racial and ethnic strife to distract us from the one commonality that should unite us — class.

If the GOP can reconcile differences in the tax bills passed by House and Senate, Trump could have his wish for signing the $1.4 trillion tax overhaul into law by Christmas.