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Eliminating the medical deduction a bad idea Is eliminating the medical deduction a bad idea? Fox News thinks so. The bar is already high for those claiming the deduction. If those dependent on it lose it, they will have to go on Medicaid once their life savings are exhausted. This wouldn’t be a good outcome […]

Tax filing simplified for many; little change in taxes owed on static basis The respected Tax Foundation has just provided a preliminary analysis of the Republican leadership’s tax reform framework. Its two main conclusions are that By the doubling of the standard deduction, millions of taxpayers will be saved the bother of having to determine […]

Unrest in Congress over tax plan; hidden tax hike Yesterday’s tax plan is already facing pushback from some Republicans in Congress: A day after announcing their ambitious tax plan, Republicans debated scaling back one of their largest and most controversial proposals to pay for lower tax rates: repeal of the individual deduction for state and […]

Trump and Republicans release tax framework President Trump and Congressional Republicans released a tax reform outline that was superior to what had been expected from previous speeches and press reports but which still falls short of what tax reformers had hoped for. Our grades with comments follow below: The corporate tax rate will be cut […]

Alabama election aftermath The centrist “Republican establishment” fears a wave of primary challenges to incumbents following conservative firebrand Ray Moore’s decisive 55% to 45% victory over Senator Luther Strange in Alabama’s Republican primary runoff election yesterday. Moderate Senator Bob Corker, faced with the likelihood of similar challenges in his home state of Tennessee, announced yesterday […]