Divorces Could Get More Costly Under New Trump Tax LawThe spouse who pays alimony will no longer be able to take a tax deduction on the payment.
Cities Pitching Diversity In Efforts To Lure BusinessesSome cities and regions are highlighting racial diversity along with positive business climates, competitive tax rates and available land in pitches to lure tech companies and high-paying jobs to town.
Exxon Says It Will Invest More Than $50B, Citing Tax CutIn a blog on the Exxon website, Woods said that Exxon plans to increase oil production in the Permian basin in Texas and New Mexico, build new manufacturing plants and expand current operations.
Some Walmart Employees Get Raises, Others Lose Their JobsWhile some Walmart employees got news of a pay raise others learned they were out of a job. Walmart said Thursday that it is boosting its starting salary for U.S. workers and handing out bonuses, but would also be closing dozens of Sam's Club warehouse stores.
Southwest Airlines Announces Bonuses, New InvestmentSouthwest Airlines says it's giving $1,000 bonuses to all full and part-time employees as a result of the recent tax cut.
Prepaying Property Taxes May Not Help North Texans After IRS Clarifies RulesA newly issued advisory by the IRS Wednesday afternoon casts doubt that North Texans will be able to deduct prepayments of next year's property taxes on this year's federal income tax returns.
Texas, Florida May Attract Athletes After Tax Law ChangeTeams in Texas, Florida, Nevada and Washington state may have become more attractive destinations for free agents following the enactment of tax law changes.
Senate Passes $4 Trillion Budget BlueprintRepublicans must now shift their focus to enacting President Donald Trump's sweeping tax plan, a far heavier lift than the $4 trillion budget plan they've muscled through the Senate to lay the groundwork.
Trump, GOP Roll Out Tax Plan; Cuts Rates, Doubles DeductionPresident Donald Trump and congressional Republicans are rolling out a wide-ranging plan to cut taxes for individuals and corporations, simplify the tax system, and likely double the standard deduction used by most Americans.
GOP, White House Prepare To Roll Out Tax CutsThe White House and congressional Republicans are finalizing a tax plan that would slash the corporate rate while likely reducing the levy for the wealthiest Americans. President Donald Trump is ready to roll out the policy proposal at midweek.
Tax Overhaul Effort Lacks Advantages Reagan Enjoyed In 1986The situation facing President Donald Trump features no advantages. His party is divided and his congressional leadership is weakened after the health care debacle.
Texas Senator Ted Cruz Talks Taxes, Trade, Refugees In Fort WorthSen. Cruz says he's glad that Congress is poised to repeal and replace Obamacare, pass tax reform and eliminate many Obama-era regulations.