Corporate taxes

Trader Luke Scanlon works on the floor of the New York Stock Exchange, Wednesday, April 26, 2017. Stock markets around the world made only modest moves on Wednesday, waiting to see what the White House has in store for U.S. tax policy. (AP Photo/Richard Drew)
April 26, 2017 - 2:40 pm
NEW YORK (AP) — Stock indexes ticked higher on Wednesday, and the Standard & Poor's 500 index flirted with its record high, as the White House unveiled a broad outline of its plan to cut tax rates. The market has sprinted higher since November, due in large part to expectations that lower taxes...
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Treasury Secretary Steve Mnuchin smiles while speaking to the media during the daily briefing in the Brady Press Briefing Room of the White House in Washington, Monday, April 24, 2017. (AP Photo/Pablo Martinez Monsivais)
April 26, 2017 - 11:41 am
WASHINGTON (AP) — President Donald Trump is proposing dramatically reducing the taxes paid by corporations big and small in an overhaul his administration says will spur economic growth and bring jobs and prosperity to the middle class. The White House on Wednesday was to release broad outlines of...
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FILE - This April 13, 2014, file photo shows the Internal Revenue Service (IRS) headquarters building in Washington. President Donald Trump’s plan to provide massive tax breaks to corporations faces big challenges as Washington struggles with mounting debt and the populist president tries to make good on promises to bring jobs and prosperity to the middle class. (AP Photo/J. David Ake, File)
April 26, 2017 - 9:23 am
WASHINGTON (AP) — President Donald Trump is proposing "the biggest tax cut" ever even as the government struggles with mounting debt, in an effort to fulfill promises of bringing jobs and prosperity to the middle class. White House officials on Wednesday were to release broad outlines of a tax...
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Treasury Secretary Steve Mnuchin smiles while speaking to the media during the daily briefing in the Brady Press Briefing Room of the White House in Washington, Monday, April 24, 2017. (AP Photo/Pablo Martinez Monsivais)
April 25, 2017 - 8:36 am
WASHINGTON (AP) — President Donald Trump plans to stick with his campaign pledge to slash the corporate tax rate from 35 percent to 15 percent, but the dramatic cut raises a problematic question for the White House: How can the president deliver the "massive" tax cut he promised without also...
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Treasury Secretary Steve Mnuchin smiles while speaking to the media during the daily briefing in the Brady Press Briefing Room of the White House in Washington, Monday, April 24, 2017. (AP Photo/Pablo Martinez Monsivais)
April 25, 2017 - 3:49 am
WASHINGTON (AP) — President Donald Trump plans to stick with his campaign pledge to slash the corporate tax rate from 35 percent to 15 percent, but the dramatic cut raises a problematic question for the White House: How can the president deliver the "massive" tax cut he promised without also...
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Treasury Secretary Steve Mnuchin smiles while speaking to the media during the daily briefing in the Brady Press Briefing Room of the White House in Washington, Monday, April 24, 2017. (AP Photo/Pablo Martinez Monsivais)
April 25, 2017 - 3:47 am
WASHINGTON (AP) — President Donald Trump's campaign pledge to slash the corporate tax rate from 35 percent to 15 percent raises a thorny question for the White House. How can the president deliver the "massive" tax cut he promised without also blowing a massive hole in the budget? Most outside...
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FILE - In this Sept. 24, 2014, file photo, reporters gather around Michael "The Situation" Sorrentino as he leaves the MLK Jr. Federal Courthouse in Newark, N.J., after a court appearance. Michael Sorrentino and his brother Marc Sorrentino are set to appear in court to face additional tax fraud charges are scheduled to be arraigned on Monday, April 17, 2017, in federal court in Newark. They previously pleaded not guilty to charges they filed bogus tax returns on nearly $9 million and claimed millions in personal expenses as business expenses. (AP Photo/Julio Cortez, File)
April 17, 2017 - 2:10 pm
NEWARK, N.J. (AP) — "Jersey Shore" star Michael "The Situation" Sorrentino and his brother pleaded not guilty Monday to additional tax fraud charges after federal prosecutors say they filed fake tax returns and claimed luxury car and clothing purchases were business expenses. Michael and Marc...
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FILE- In this Sept. 24, 2014 file photo, Mike "The Situation" Sorrentino leaves the MLK Jr. Federal Courthouse in Newark, N.J., after a court appearance. After previously pleading not guilty to charges that they filed bogus tax returns on nearly $9 million and claimed millions in personal expenses as business expenses, "Jersey Shore" reality TV show star Michael "The Situation" Sorrentino and his brother have had additional tax fraud charges filed against them on Friday, April 7, 2017. (AP Photo/Julio Cortez, File)
April 07, 2017 - 4:12 pm
NEWARK, N.J. (AP) — "Jersey Shore" star Michael "The Situation" Sorrentino and his brother were hit with additional tax fraud charges on Friday after federal prosecutors say they filed fake tax returns and claimed luxury car and clothing purchases were business expenses. Federal prosecutors said...
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FILE - In this Oct. 22, 1986, file photo, lawmakers watch closely as President Ronald Reagan signs into law a landmark tax overhaul on the South Lawn of the White House in Washington. From left, are: Senate Majority Leader Bob Dole of Kansas, Rep. Raymond McGrath, R-N.Y.; Rep. Dan Rostenkowski, D-Ill., Rep. Frank Guerini, D-N.J.; Sen. Russell Long, D-La.; Rep. William Coyne, D-Pa., and Rep. John Duncan, R-Tenn. The fundamentals of tax overhaul were strong some 30 years ago. Reagan, pushed the landmark 1986 measure. Powerful and experienced congressional leaders shepherded the legislation with bipartisan support. Key players had established, trusting relationships. The situation facing President Donald Trump features none of those advantages. (AP Photo/Bob Daugherty, File)
March 28, 2017 - 3:49 am
WASHINGTON (AP) — The fundamentals of tax overhaul were strong some 30 years ago. A popular president, Republican Ronald Reagan, pushed the landmark 1986 measure. Powerful and experienced congressional leaders shepherded the legislation with bipartisan support. Key players had established, trusting...
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March 24, 2017 - 9:34 am
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin says after the battle over health care, the administration will turn quickly to tax reform with the goal of getting a program approved by Congress by August. Mnuchin says the administration will tackle cutting both individual taxes and corporate...
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