Tagged: National Politics

Rockefeller and the secret land deals that created Grand Tetons National Park

Rockefeller and the secret land deals that created Grand Tetons National Park

The audacious plan was hatched in secret. In the 1920s, John D. Rockefeller Jr. – son of the Standard Oil founder, ardent conservationist and one of America’s richest men – agreed to surreptitiously acquire thousands of acres of breathtaking scenery around Jackson Hole, Wyoming, and donate them to the federal government for a national park.

Business groups typically allied with GOP not all on board fast tax train

Business groups typically allied with GOP not all on board fast tax train

One powerful group was noticeably scarce from the flurry of activity inside the congressional committee room where Republicans recently took a big step toward passing their sweeping tax overhaul.

Wealthy homebuyers already figured out how to game the GOP tax plan

Wealthy homebuyers already figured out how to game the GOP tax plan

In the Hamptons, brokers and buyers already have a workaround for a tax-plan provision under consideration in Congress that would take away the mortgage-interest deduction for second homes: Become landlords instead of owners.

Wealthy homebuyers already figured out how to game the GOP tax plan

Wealthy homebuyers already figured out how to game the GOP tax plan

In the Hamptons, brokers and buyers already have a workaround for a tax-plan provision under consideration in Congress that would take away the mortgage-interest deduction for second homes: Become landlords instead of owners.

Highlights of House, Senate GOP plans to overhaul tax code

Highlights of House, Senate GOP plans to overhaul tax code

A comparison of a Republican-written tax bill approved Thursday by the House Ways and Means Committee and another being proposed by GOP members of the Senate Finance Committee:

Highlights of House, Senate GOP plans to overhaul tax code

Highlights of House, Senate GOP plans to overhaul tax code

A comparison of a Republican-written tax bill approved Thursday by the House Ways and Means Committee and another being proposed by GOP members of the Senate Finance Committee:

Senate GOP tax bill would delay biz cut, undo deductions

Senate GOP tax bill would delay biz cut, undo deductions

Senate Republicans revealed the details of their sweeping tax legislation Thursday, including a one-year delay in plans for a major corporate tax cut despite strident opposition from the White House and others in their own party. Their bill would leave the prized mortgage interest deduction untouched for homeowners in a concession to the powerful real estate lobby but would ignore a House compromise on the hot-button issue of state and local tax deductions.

Senate GOP tax bill would delay biz cut, undo deductions

Senate GOP tax bill would delay biz cut, undo deductions

Senate Republicans revealed the details of their sweeping tax legislation Thursday, including a one-year delay in plans for a major corporate tax cut despite strident opposition from the White House and others in their own party. Their bill would leave the prized mortgage interest deduction untouched for homeowners in a concession to the powerful real estate lobby but would ignore a House compromise on the hot-button issue of state and local tax deductions.

“I don’t feel wealthy”: The upper middle class is worried about paying for the tax overhaul

“I don’t feel wealthy”: The upper middle class is worried about paying for the tax overhaul

Mishoe is the type of person – affluent enough for an annual family vacation but not enough for a boat or second home – who potentially stands to lose under the Republican framework for changing the country’s tax code, which threatens to eliminate or deeply cut deductions for mortgage and student loan interest and state and local taxes.

How many families actually own half-million dollar homes?

How many families actually own half-million dollar homes?

Of the many changes to the U.S. tax code proposed in House Republicans’ plan released this week, few are proving to be as contentious as the cut to the mortgage interest deduction (MID).