Tax reform

President Donald Trump together with first lady Melania Trump and their son Barron Trump waves as he returns to the White House in Washington, Monday, Jan. 1, 2018, from a holiday break at his Mar-a-Lago estate in Palm Beach, Fla. (AP Photo/Manuel Balce Ceneta)
January 01, 2018 - 11:06 pm
PALM BEACH, Fla. (AP) — The Latest on President Donald Trump, who has been at his winter home in Palm Beach, Fla. (all times local): 7 p.m. President Donald Trump has returned to the White House after a holiday break at his South Florida estate. The president faces a hefty legislative to-do list...
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FILE - In this Dec. 13, 2016, file photo, the logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. Goldman Sachs is expecting a $5 billion hit to profits during the fourth quarter because of the tax overhaul recently signed into law. The New York bank said Friday, Dec. 29, 2017, that two thirds of the $5 billion are due to changes in repatriation taxes, when funds are returned from overseas. (AP Photo/Richard Drew, File)
December 29, 2017 - 10:43 am
NEW YORK (AP) — Goldman Sachs expects to take a $5 billion hit to profits for the fourth quarter and year because of the tax overhaul signed into law last week. As a result, the New York bank will likely report a loss for the last quarter of 2017. But Goldman and other banks will be among the...
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December 28, 2017 - 3:40 am
WASHINGTON (AP) — In this season of giving, charity seems to be getting an extra jolt because next year the popular tax deduction for donations will lose a lot of its punch. Traditionally generous Americans may be feeling even more so this year, or maybe they're concerned about the state of a...
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December 27, 2017 - 12:44 pm
LONDON (AP) — Two major European companies, oil producer Shell and Barclays bank, say the U.S. tax reform law will force them to take big charges in the last quarter of the year. Shell said Wednesday it expects to book between $2 billion and $2.5 billion in charges in the fourth quarter as it...
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FILE - This Dec. 11, 2013, file photo, shows a beer at a microbrewery in Birmingham, Ala. Craft breweries are raising a glass to the Republicans’ new tax overhaul: It cuts the excise tax on beer. (AP Photo/Dave Martin, File)
December 26, 2017 - 11:23 am
WASHINGTON (AP) — Craft breweries are raising a glass to the Republicans' new tax overhaul: It cuts the excise tax on beer. Retailers, long saddled with heavy tax bills, will get relief. So will some high-profile names in corporate finance, led by Wells Fargo. The tax measure that President Donald...
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Ready to leave for the Christmas recess, Senate Majority Leader Mitch McConnell, R-Ky., walks to a news conference to discuss the GOP agenda for next year and and his accomplishments in the first year of the Trump Administration, on Capitol Hill in Washington, Friday, Dec. 22, 2017. Their tax bill triumph in the rear-view mirror, Republicans running Congress face a 2018 in which they'll need Democratic votes to get almost anything done. (AP Photo/J. Scott Applewhite)
December 23, 2017 - 11:35 am
WASHINGTON (AP) — Their tax bill triumph in the rear-view mirror, Republicans running Congress face a 2018 in which they'll need Democratic votes to get almost anything done. And that won't be easy. Short of a few must-pass items, divisions within both parties plus a natural election-year tendency...
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President Donald Trump waves as he walks on the South Lawn upon his return to the White House in Washington, Thursday, Dec. 21, 2017, from a visit to Walter Reed National Military Medical Center in Bethesda, Md. (AP Photo/Manuel Balce Ceneta)
December 22, 2017 - 9:08 pm
WASHINGTON (AP) — The Latest on President Donald Trump (all times local): 9 p.m. Donald Trump finalized his top achievement as president in what he himself called a "rush job" in the Oval Office. None of the members of Congress who muscled through the biggest tax overhaul in 30 years were on hand...
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President Donald Trump waves as he boards Air Force One, Friday, Dec. 22, 2017, in Andrews Air Force Base, Md., en route to Palm Beach International Airport, in West Palm Beach, Fla. (AP Photo/Carolyn Kaster)
December 22, 2017 - 5:04 pm
WASHINGTON (AP) — In the end, Donald Trump's top achievement as president— a $1.5 trillion tax overhaul — was finalized in a "rush job" of an affair. And that was OK with him. None of the members of Congress who muscled through the biggest tax overhaul in 30 years were in the Oval Office on Friday...
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December 22, 2017 - 5:03 pm
WASHINGTON (AP) — Their tax bill triumph in the rear-view mirror, Republicans running Congress face a 2018 in which they'll need Democratic votes to get almost anything done. And that won't be easy. Short of a few must-pass items, divisions within both parties plus a natural election-year tendency...
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In this Oct. 12, 2017 file photo, President Donald Trump speaks before signing an executive order on health care in the Roosevelt Room of the White House in Washington. An Associated Press analysis finds that Americans in states President Donald Trump carried account for more than 4 in 5 of those signed up for coverage under the health care law he still wants to take down. (AP Photo/Evan Vucci)
December 22, 2017 - 4:32 pm
WASHINGTON (AP) — Americans in states that Donald Trump carried in his march to the White House account for more than 4 in 5 of those signed up for coverage under the health care law the president still wants to take down. An Associated Press analysis of new figures from the government found that 7...
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