The Latest: Breaks for college students back in tax bill
Congressional aides say negotiators have removed several controversial provisions from sweeping tax legislation, including one that would have eliminated the deduction for interest on student loans and another deduction for medical expenses.
Two congressional aides also say the bill will no longer start taxing graduate-school tuition waivers. The aides spoke on condition of anonymity because they were not authorized to publicly discuss private negotiations.
Advocacy groups have complained about the provisions that were removed, especially with college graduates face mounting debt from student loans.
—
Federal Reserve Chair
Yellen said at a news conference the likelihood of lower taxes is why Fed officials expect the economy to grow at 2.5 percent in 2018. But growth would then slip back closer to its recent 2 percent average.
She says the potential for greater consumer spending and capital investments from tax cuts has been reflected in part by rising stock prices.
Yellen cautions, however, that there is "considerable uncertainty" about the impact of the tax cuts, which are estimated to add at least
President
Speaking in the grand foyer of the
The president is trying to counter concerns that the tax plan will primarily benefit the rich.
Trump says that if
President
Speaking in the grand foyer of the
Trump is speaking before a crowd that includes middle-income families from around the country and members of the College Republicans and Young Republicans.
House and
President
Trump says Wednesday that a deal is "very, very close." He added that it is "very important" to vote on the legislation next week.
House and
Trump plans to make a pitch Wednesday for the plan. It would give the president his first major victory in
Trump also reacted to
House and
Top
The measure would give President
The measure has come under assault by
-By
A Republican tax package swiftly taking shape would pull down the top tax rate for wealthy Americans to 37 percent and slash the tax rate for corporations to a level slightly above what businesses and conservatives wanted.
Velazquez, Thompson Press for Explanation of Puerto Rico Death Toll
Brevard Democrat enters the race for Congress
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News