When passing the ACA, Democrats touted the fact that they had included many measures to pay for the bill's expanded coverage. But nearly 10 years later, Congress has eliminated many of those taxes.
The Government Accountability Office says 3 million more Americans are likely to have experienced underwithholding from their paychecks in 2018 as a direct result of the new tax law.
Now that the Senate has passed its own version of a tax bill, lawmakers have to iron out differences with the House bill. The final product could then be sent to the president to be signed into law.
A House GOP bill to rewrite the tax code was going to be released on Wednesday, and is now expected on Thursday. The hold up could threaten plans to get it signed into law by year's end.
Republicans in the White House and Congress have billed their tax proposal as a boost for the middle class. But a nonpartisan analysis finds the richest Americans would see the most immediate gains.
President Trump will argue for tax cuts on Wednesday in Springfield, Mo. It's the beginning of what aides say will be a concerted push for a tax overhaul, but details are still vague.
Nearly 100 days into Trump's presidency, there are still big questions about what his proposed tax overhaul will include — and whether the large changes he had envisioned are even possible.
The Clinton campaign says Hillary and Bill Clinton paid their 2015 federal taxes at a rate of 34.2 percent. The couple's overall tax rate was 43.2 percent, the campaign said.
This tax season marks the first time that every married couple in the U.S. can file both state and federal taxes together, after the Supreme Court legalized same-sex unions across the land last year.
Millions are still uninsured, even as the Jan. 31 deadline to sign up for a plan under the Affordable Care Act approaches. No deadline extensions this year, federal health officials warn.
House Speaker John Boehner, Senate Majority Leader Mitch McConnell and others have rebuffed the president's plan to cut taxes for middle income earners by raising them on the wealthiest Americans.
