Tax reform

Industry experts say the resulting rise in costs is likely to shift to employers and other stable health insurance consumers.

Though the tax legislation is mostly praised for leaving 401(k)s unscathed, new pass-through deduction could impact whether some small businesses offer the benefit.

GOP plan includes a repeal of Obamacare’s mandate that most Americans have health insurance or pay a penalty.

As of now, 401(k) plans and IRAs won’t be changed, which is good news for employers and employees, but anything could happen, experts say.

Republican lawmakers are scrambling to lock up the votes need to finalize a tax bill that can make it to President Donald Trump’s desk by the end of the year.

Asked directly whether she can vote for the measure as written, Collins said, “I haven’t reached that conclusion yet.”

Hours after House Republicans jubilantly passed their tax bill, their colleagues on the Senate Finance Committee approved a far different version – one that postpones difficult questions as lawmakers rush to refashion much of the U.S. economy on a tight deadline.

House Republicans passed their version of legislation to overhaul the U.S. tax code by slashing the corporate tax rate, lowering tax burdens for most individuals and adding an estimated $1.4 trillion to the federal deficit over the next decade.

President Donald Trump delivered a pep talk to House Republicans as they were poised to pass a tax overhaul bill Thursday afternoon and argued them to next target government welfare programs.

Revisions to the Senate Republican’s tax-overhaul plan would create heftier upfront tax breaks for the middle class and small businesses -- and then wipe them off the books by 2026.