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House tax plan would lower caps on 401(k)s, cut state and local deductions - ABC News

posted onNovember 3, 2017
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The details of the House Republican tax bill have continued to be intensely debated even over the last 24 hours and those involved in crafting the legislation are still scrambling to negotiate their tax overhaul ahead of tomorrow’s planned release. The Ways and Means Committee is set to meet shortly to press through the final sticking points. Republicans tell ABC News the biggest point of contention right now is the state and local tax deductions (SALT), with opposition coming from members of high-tax states like New York, New Jersey, California and Illinois. The latest draft would elimi

Trump calls for death penalty for NYC terror suspect, considers him an 'enemy combatant' - ABC News

posted onNovember 3, 2017
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President Donald Trump called for the New York City terror suspect to get the death penalty in a late-night tweet Wednesday just hours after Sayfullo Saipov was charged with providing support to ISIS and violence and destruction of motor vehicles. Trump referenced Saipov's request to hang an ISIS flag in his hospital room, an anecdote relayed by authorities Wednesday afternoon, and said he "SHOULD GET DEATH PENALTY!" in all capital letters. Earlier in the afternoon, Trump raised the possibility of sending the alleged perpetrator to Guantanamo Bay prison.

GOP tax cuts leave 401(k)’s alone. But mortgage interest? Not so much - The Boston Globe

posted onNovember 3, 2017
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Most popular on BostonGlobe.com Based on what you've read recently, you might be interested in theses stories WASHINGTON — House Republicans on Thursday unveiled a tax cut plan that slashes the corporate tax rate, lowers taxes for most Americans but limits a cherished deduction for homeowners as President Donald Trump and the GOP seek to deliver on the first tax revamp in three decades. The proposal would add $1.5 trillion to the nation’s debt over the next decade as Republicans largely abandoned fiscal discipline in a desire to secure a legislative achievement for Trump and score

Politics - The Boston Globe

posted onNovember 3, 2017
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Most popular on BostonGlobe.com Based on what you've read recently, you might be interested in theses stories The proposal would also leave intact the existing rules on 401(k) retirement accounts and the ability of Americans to contribute up to $18,000 into the accounts tax-free.

Capital - The week in politics and issues

posted onNovember 3, 2017
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Most popular on BostonGlobe.com Based on what you've read recently, you might be interested in theses stories CAPITAL SOURCE Walsh had previously vowed to stay out of the race: both Edwards and Passacantilli worked for him, in the Office of Housing Stability and in the Office of Economic Development, respectively.

Politics - The Boston Globe

posted onNovember 3, 2017
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Most popular on BostonGlobe.com Based on what you've read recently, you might be interested in theses stories The proposal would also leave intact the existing rules on 401(k) retirement accounts and the ability of Americans to contribute up to $18,000 into the accounts tax-free.

Trump suggests repealing ObamaCare mandate in tax bill | TheHill

posted onNovember 2, 2017
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President Trump on Wednesday suggested using the GOP tax bill to repeal ObamaCare’s individual mandate. “Wouldn't it be great to Repeal the very unfair and unpopular Individual Mandate in ObamaCare and use those savings for further Tax Cuts,” Trump tweeted.  The idea is being pushed by Sen. MORE (R-Ark.) and also has the backing of House Freedom Caucus Chairman Mark Meadows (R-N.C.). Meadows said Wednesday he supports repealing the mandate in tax reform and thinks "ultimately" it will be included because he is going to push for it.