Updates | The Week of January 15, 2018
President Trump vastly overstated the size of the tax cuts passed by Congress in a speech to farmers in Nashville, Tennessee (NYT).
- In the speech, the President also said he wanted a “better” NAFTA (WSJ; Politico).
- The GOP failed to sell its tax reforms to the American people via social media messaging, writes Matt Salisbury at the Wall Street Journal.
- Comcast reportedly fired about 500 salespeople, despite claiming that it would create thousands of new jobs in exchange for a big tax cut (ArsTechnica).
The Trump Administration is opting for speed rather than accuracy in implementing the new tax law (WaPo).
A probe into the Treasury Department’s role in the Trump Administration’s tax plan found no evidence of political interference (NYT).
The now-eliminated tax deduction for college football season-ticket holders’ mandatory “gifts” was a microcosm of the wacky federal subsidies going to the ivory tower, opines Neal McCluskey (Cato).
With the release of a new IRS guidance for employers, Treasury Secretary Steve Mnuchin promises that employees will see greater take-home pay (The Hill).
- The Trump Administration is asking employers to implement the new tables by Feb. 15 (Politico).