Tax Plan Crowns a Big Winner: Trump’s Industry

Commercial real estate gets lower rates and new breaks in the Republican bills, and trusts that have been key financing sources do especially well.

Economic Scene: Tax Plan Aims to Slay a Reagan Target: The Government Beast

By denying deductions for state and local taxes, the Republicans seek to force high-tax states run by Democrats to capitulate.

How New Yorkers Would Lose Under the Republican Tax Bill

The legislation could send home prices tumbling, increase the region’s tax burden, and make it harder for local governments to pay for infrastructure.

Trump Wanted a Bigger Tax Cut for the Rich but Lost to Ivanka

President Trump hoped to devote proceeds from repealing a health care mandate to helping the rich. Then came opposition from Ivanka Trump and Republican senators.

How a $250 Break for Teachers Explains a House-Senate Divide on Taxes

House Republicans, seeking to clean up the tax code and expand tax rate cuts, voted to eliminate a deduction for teacher spending. The Senate bill would double it.