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In this 2017 photo, boxes of donated infant formula are stacked by volunteers. The GOP tax overhaul passed by Congress sets a $10,000 limit on the federal deduction for state and local taxes. But it appears that state and local governments could circumvent that limit by setting up charities to fund programs. Taxpayers could donate to the charities and, in return, receive a tax credit applicable to state or local taxes. (AP Photo/Tony Gutierrez)
Economy

GOP limit on state, local tax deductions could be circumvented with charities

Joseph Lawler -
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President Trump has not signed the GOP's new tax reform legislation, but payroll companies have begun coordinating with the IRS and Treasury about how to implement withholding for the lower tax rates. (iStock)
Business

New tax rates could show up in paychecks as soon as February

Joseph Lawler -
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Rep. Kevin Brady put a positive spin on the House re-vote.
Economy

Congress sends historic tax bill to Trump

Joseph Lawler -
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If Trump signs the bill in 2018 rather than 2017, he would avoid a vote on spending cuts for another year and take a leverage point away from Democrats. (AP Photo/Alex Sanz)
Economy

Trump may not sign tax bill until January to avoid vote on spending cuts

Joseph Lawler -
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Sen. Ron Wyden, D-Ore., and Rep. Richard Neal, D-Mass., have been vocal opponents of the GOP tax bill in both chambers of Congress. The bill was passed Tuesday without a single Democrat voting in support of it. (AP Photo/Andrew Harnik)
Business

With zero Democratic votes, GOP tax overhaul risks future challenges

Joseph Lawler -
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Senate Majority Leader Mitch McConnell of Ky. signals a thumbs-up as he leaves the Senate chamber. (AP Photo/J. Scott Applewhite)
Business

Senate narrowly passes GOP tax cuts, sends back to House for one last vote

Joseph Lawler -
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In this Dec. 4, 2017, photo, part of the Republican Senate bill
Economy

Republicans forced to give tax bill outrageous new name after running afoul of Senate rules

Joseph Lawler -
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The House voted Tuesday on a bill to overhaul the tax code. The historic tax overhaul is now just a Senate vote away from President Trump's desk. (AP Photo/J. Scott Applewhite) (AP Photo/J. Scott Applewhite)
Business

GOP tax plan passes House, Senate prepares for late Tuesday vote

Joseph Lawler -
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The Republicans have argued that the bill's tax cuts should be judged separately from the effects of zeroing out the Obamacare individual mandate for people to buy health insurance. (AP Photo/J. Scott Applewhite)
Economy

GOP tax bill cuts taxes for all income levels through 2025 if repeal of the individual mandate isn’t taken into account, scorekeeper says

Joseph Lawler -
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The IRS cannot predict what loopholes and workarounds corporations and individuals might find under the revised tax code Republicans are expected to pass Tuesday. (Andrew Harrer/Bloomberg)
Economy

IRS to get massive new workload when GOP tax bill becomes law

Joseph Lawler -
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