• Senate Republicans released major changes to their tax plan that would make your tax cut temporary

    7 days ago - By Business Insider

    Senate Republicans released modifications to their massive tax bill on Tuesday night.
    The biggest proposed change: Individual tax cuts would sunset after 2025.
    The bill would also repeal Obamacare's individual mandate.
    Senate Republicans released a massive heap of changes to their tax bill Tuesday night, including tweaks to proposed individual tax cuts, how start-up employees get paid, and more.
    Republican Sen. Orrin Hatch, the chair of the Senate Finance Committee, released a new version of the legislation that, significantly, would sunset individual tax cuts after 2025. That would mean...
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  • America's investing giants have a major problem with the GOP tax plan

    America's investing giants have a major problem with the GOP tax plan

    7 days ago - By Chron

    Reuters / Kevin Lamarque
    A little-known provision of the GOP tax plan would make investors sell out of positions using an accounting method that would cost them flexibility.
    Large investment managers like Vanguard are worried that the measure could cost their clients millions of dollars.
    America's biggest investment managers aren't thrilled with the GOP tax bill.
    Under a little-publicized provision of the bill, clients would be forced to sell their oldest shares first when cashing out of positions, according to a report from Laura Saunders of the Wall Street Journal. That would reduce...
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