Tag: tax rate
Bottom line impact on workers depends on the extent of the response and on how Congress decides to pay for the money it is borrowing to finance the corporate tax cut. A reporter called recently to ask what I thought about some companies sweetening their 401(k) plans in response to the tax cut. It took…
Lawmakers have many ways to get around their own rules on fiscal discipline. Tax issues are on the front burner this fall in Washington. In the past, tax reformers have often supported the notion of making any package “revenue neutral” by pairing cuts in tax rates with offsetting reductions in tax preferences to prevent increasing…