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Jun 13, 2024 · The centerpiece of the law was a deep, permanent cut in the corporate tax rate — from 35 percent to 21 percent — and a shift toward a territorial tax system, which exempts certain foreign income of multinational corporations from tax. 20 percent deduction for pass-through income.
May 20, 2024 · Signed into law by President Donald Trump, the Tax Cuts and Jobs Act (TCJA) took effect on Jan. 1, 2018. The legislation was the largest overhaul of the tax code in three decades. The...
- NBC NEWS
Fact-checking Biden and Trump’s claims at the first debate
President Donald Trump unleashed a torrent of misinformation on topics from terrorism to taxes during the first debate of the 2024 general election, while President Joe Biden flubbed figures ...
2 days ago
- The Buffalo News
PolitiFact: Impact of SALT deduction overstated in congressman's claim
A Trump tax policy criticized by New York Democrats and Republicans since its enactment seven years ago is back in the news. The Tax Cuts and Jobs Act, signed into law in December 2017, put ...
6 days ago
The 2017 Tax Cuts and Jobs Act (TCJA) was the largest corporate tax reform in a generation, lowering the corporate tax rate from 35 percent to 21 percent, temporarily allowing full expensing for short-lived assets (referred to as bonus depreciation), and overhauling the international tax code.
The Tax Cuts and Jobs Act of 2017 allows a tax credit for employers that provide paid family and medical leave to employees. A 501(c)(3) organization is not eligible for the tax credit. Miscellaneous tax provisions
Jun 14, 2018 · On December 22, 2017, Donald Trump signed into law the biggest tax overhaul since the Tax Reform Act of 1986.
The Tax Cuts and Jobs Act of 2017 (TCJA) is the unofficial name for the large set of changes to the Revenue Code of 1986, signed into law by President Trump in 2017.
Feb 14, 2020 · Before and after passage of the Tax Cuts and Jobs Act (TCJA), several prominent conservatives, including Republicans in the House and Senate, former Reagan economist Art Laffer, and members...