Wealthy financiers could gain from Trump's proposed tax cut for small businesses

Tax Cuts, Taxes
Posted on AllSides September 28th, 2017
Save for Later
From The Center
Tax Cuts, Tax Plan

High-income Wall Street financiers could be unintended winners from a section of U.S. President Donald Trump’s tax-cut plan that is meant to help mostly small, “mom-and-pop” businesses.

Read full storyCheck for Bias
Tax Cuts, Taxes

Reuters

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
130115/96513
See full bias rating for Reuters
Learn about media bias

AllSides Picks

Washington Times
HEADLINE ROUNDUP
The IRS Recovers $1.3 Billion in Unpaid Taxes From Wealthy Americans

September 6th, 2024

Getty Images
HEADLINE ROUNDUP
Kamala Harris Proposes $50,000 Tax Deduction for Small Businesses

September 4th, 2024

AllSides
Recommended Reading
Interactive: Will Trump or Harris Win the 2024 Presidential Election?

AllSides Staff

September 6th, 2024

Image courtesy of X user @VicenteArenasTV
News
AllSides Deep Dive: Venezuelan Gang “Takeover” in Aurora?

Evan Wagner

September 6th, 2024

News and Information about Taxes
https://www.reuters.com/article/us-usa-tax-passthrough/wealthy-financiers-could-gain-from-trumps-proposed-tax-cut-for-small-businesses-idUSKCN1C3175

More News about Taxes from the Left, Center and Right

From the Left

From the Center

From the Right

News
Hunter Biden intends to change his plea in federal tax charges
NBC News Digital
AllSides Media Bias Rating: Lean Left
Fact Check
Trump’s ad attacks Harris for a tax program that doesn’t exist
Washington Post Fact Check
AllSides Media Bias Rating: Lean Left
News
Harris proposes raising the corporate tax rate to 28%, rolling back a Trump law
NBC News Digital
AllSides Media Bias Rating: Lean Left
Analysis
Trump backs a corporate tax cut, which JD Vance opposed before he became the VP pick
Semafor
AllSides Media Bias Rating: Lean Left
Analysis
House Republican support grows for corporate tax increase, threatening key part of Trump’s economic legacy
Semafor
AllSides Media Bias Rating: Lean Left
News
Kenyan President Ruto withdraws controversial finance bill following violent protests
CNN Digital
AllSides Media Bias Rating: Lean Left
News
Justices uphold Trump tax on overseas investments in win for Biden
CNN Digital
AllSides Media Bias Rating: Lean Left
News
IRS plans to raise $50 billion over 10 years, closing loophole exploited by the wealthy
NBC News Digital
AllSides Media Bias Rating: Lean Left
Analysis
The climate case for Biden’s new China tariffs
Semafor
AllSides Media Bias Rating: Lean Left
Analysis
Trump and Biden are competing to quarterback the Super Bowl of tax policy
Semafor
AllSides Media Bias Rating: Lean Left
Opinion
Trump eyes even more tax breaks for the wealthy, big corporations
Steve Benen
AllSides Media Bias Rating: Left
News
Biden's budget shows the limits of taxing rich Americans
Axios
AllSides Media Bias Rating: Lean Left
News
A new IRS program is helping its first users file their income taxes electronically. And it’s free
Associated Press
AllSides Media Bias Rating: Lean Left
News
The IRS’s new free site for tax filing is now up and running
Washington Post
AllSides Media Bias Rating: Lean Left
Analysis
GOP budget chair: New revenue should be on the table to reduce the deficit
Semafor
AllSides Media Bias Rating: Lean Left
News
The IRS recouped $1.3 billion in unpaid taxes from rich Americans
Quartz
AllSides Media Bias Rating: Center
News
Harris blindsided Democrats with ‘no tax on tips’ plan
The Hill
AllSides Media Bias Rating: Center
News
Treasury, IRS announce ‘major milestone’ of $1 billion in past-due taxes collected from millionaires
CNBC
AllSides Media Bias Rating: Center
News
IRS finalizes new regulations for crypto tax reporting
TechCrunch
AllSides Media Bias Rating: Center
News
Taxes were already a big issue in the November elections. The Supreme Court just made them an even bigger one.
MarketWatch
AllSides Media Bias Rating: Center
Fact Check
Did Donald Trump lower taxes on billionaires and raise them on everyone else?
Gigafact
AllSides Media Bias Rating: Center
News
Senate Finance Democrats look to raise revenue for 2025 tax cliff
Roll Call
AllSides Media Bias Rating: Center
News
Supreme Court upholds repatriation provision in sweeping 2017 tax law
The Hill
AllSides Media Bias Rating: Center
News
Corporate Tax Rate Spurs Political Fight With More Than $1 Trillion at Stake
Wall Street Journal (News)
AllSides Media Bias Rating: Center
News
At End of Trump Tax Cuts, Progressives See Leverage to Target the Rich
Wall Street Journal (News)
AllSides Media Bias Rating: Center
News
Blacklisted Chinese Companies Rebrand as American to Dodge Crackdown
Wall Street Journal (News)
AllSides Media Bias Rating: Center
News
A Global Tax on Billionaires? Janet Yellen Says ‘No’
Wall Street Journal (News)
AllSides Media Bias Rating: Center
News
IRS unveils major changes in new 18-month plan
Newsweek
AllSides Media Bias Rating: Center
News
Youngkin amends ‘skill games’ measure, proposing far stricter standards
The Hill
AllSides Media Bias Rating: Center
News
Legalized marijuana could bring over $1 billion in tax revenue to Pennsylvania over five years, report says
ABC 27 WHTM
AllSides Media Bias Rating: Center
News
Biden’s supercharged IRS eyes new ‘marriage penalty’ in tax audits
Washington Times
AllSides Media Bias Rating: Lean Right
News
Biden’s supercharged IRS eyes new ‘marriage penalty’ in tax audits
Washington Times
AllSides Media Bias Rating: Lean Right
Analysis
How to Expand the Child Tax Credit
National Review (Opinion)
AllSides Media Bias Rating: Right
News
Harris ‘copies’ Trump’s no tax on tip policy at rally in hospitality-heavy Nevada
New York Post (News)
AllSides Media Bias Rating: Lean Right
News
Intel’s massive job cuts come after it received $8.5 billion in taxpayer money
Fox Business
AllSides Media Bias Rating: Lean Right
Opinion
'Vast Majority' of Pandemic Employee Retention Credit Claims Are Likely Scams, Says IRS
Reason
AllSides Media Bias Rating: Lean Right
News
IRS permanently implementing free Direct File tax-filing service in 2025
Washington Examiner
AllSides Media Bias Rating: Lean Right
News
California's 'secret' 50-cent gas tax hike coming in the next two years
Fox Business
AllSides Media Bias Rating: Lean Right
News
The IRS says audits are about to surge — here’s who’s most at risk
New York Post (News)
AllSides Media Bias Rating: Lean Right
News
UN newsletter exposed for sharing ways to protest in US against Israel on Tax Day
Fox News Digital
AllSides Media Bias Rating: Right
News
House Republicans Sue DOJ Tax Officials to Compel Testimony about Hunter Biden Case
National Review (News)
AllSides Media Bias Rating: Lean Right
News
CIA blocked feds from interviewing Hunter Biden’s ‘sugar brother’ Kevin Morris during five-year tax probe
New York Post (News)
AllSides Media Bias Rating: Lean Right
News
Mandatory IRS Diversity Training Includes Material From Trans Academic Who Called For ‘Death Of Whiteness’
The Daily Wire
AllSides Media Bias Rating: Right
News
Study Funded by Shell Convinced Pennsylvania To Give Shell $1.6 Billion Tax Break
Reason
AllSides Media Bias Rating: Lean Right
News
Speaker Johnson endorses bipartisan tax bill as 'conservative,' 'pro-growth' reform
Fox News Digital
AllSides Media Bias Rating: Right