Search results
Results from the WOW.Com Content Network
Trump v. Mazars USA, LLP, 591 U.S. ___ (2020) was a landmark US Supreme Court case involving subpoenas issued by committees of the US House of Representatives to obtain the tax returns of President Donald Trump, who had litigated against his personal accounting firm to prevent this disclosure, although the committees had been cleared by the United States Court of Appeals for the District of ...
Trump v. Vance, 591 U.S. 786 (2020), was a landmark [1] [2] US Supreme Court case arising from a subpoena issued in August 2019 by Manhattan District Attorney Cyrus Vance Jr. against Mazars, then-President Donald Trump's accounting firm, for Trump's tax records and related documents, as part of his ongoing investigation into the Stormy Daniels scandal.
The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, [2] Pub. L. 115–97 (text), is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA), [3] [4] that amended the Internal Revenue Code of 1986.
At the end of 2025, significant tax cuts are expiring that were passed under the Trump administration through the Tax Cuts and Jobs Act (TCJA), often called the Trump tax cuts. Unless a new law is...
1. Harris would increase tax rates for high-income earners, while Trump would keep most of his tax cuts intact. The Tax Cuts and Jobs Act of 2017 marked the biggest tax reform since 1986 ...
In the first year the changes were implemented, the average federal tax rate fell from 20.8% to 19.3% for all filers, according to the conservative Tax Foundation.
On October 31, Trump appealed to the Supreme Court. [85] On November 1, Chief Justice John Roberts granted a temporary hold, giving the Supreme Court until November 10 to consider the matter. [86] On November 22, the Supreme Court ruled that the IRS could release the tax returns to the House Ways and Means committee. [16]
Additionally, Trump has been a vocal proponent of further lowering the corporate tax rate. The TCJA reduced this from 35% to 21%, and Trump recently pledged to lower it to 15%.