Category Archives: Taxes

Tax Reform Issues

The time is now to make real reforms to our broken and dated tax code. I am committed to working in a bipartisan fashion in the House, with the White House, and partners in the Senate to find a consensus … Continue reading

Posted in 2018, Congress, Constituents, Political, Taxes | Tagged , | 15 Comments

What will Tom Reed say?

It was great to see my good friend, Congressman Steve Scalise,  return to the House today. His recovery from the tragic shooting in June is remarkable. We in Congress, now more than ever, need to come together and focus on what … Continue reading

Posted in 2018, Congress, Constituents, Political, Reed's Views, Taxes, Town Hall Meeting | Leave a comment

Tax loopholes aren’t the problem

Tax loopholes aren’t the problem, they are a symptom of a problem–Congress is the problem. Tax loopholes don’t grow on trees, they are enacted by Congress. Some may serve a worthwhile purpose, others only serve to reward special interests. It … Continue reading

Posted in Congress, Legislation, Political, Reed's Views, Taxes | Tagged , , | 5 Comments

What’s bipartisan?

I certainly think bipartisanship ought to consist of Democrats coming to the Republican point of view.–Richard Mourdock Thanks to President Donald J. Trump for having the Ways and Means Committee to the White House to talk about bipartisan Tax Reform.–Tom Reed (facebook) … Continue reading

Posted in Economics, Health Care, Reed's Views, Taxes, Trump | 13 Comments

Income Tax: cut rates or deductions?

On the personal side, we have protected the three big deductions — charitable, mortgage and retirement saving. We want to raise the standard deduction caps and get rid of many of the other personal deductions. —Gary Cohn Income Tax: cut … Continue reading

Posted in Congress, Political, Reed's Views, Taxes | 18 Comments

Gary Cohn on taxes

Only morons pay the estate tax.–attributed to Gary Cohn On the personal side, we have protected the three big deductions — charitable, mortgage and retirement saving. We want to raise the standard deduction caps and get rid of many of … Continue reading

Posted in Economics, Reed's Views, Taxes, Trump | 3 Comments

An actual photo of Tom Reed and Donald Trump together

Anil Melwani, a Manhattan CPA from 212 Tax Services, said it seems fiscally unlikely for New Yorkers to get a credit for all of their state and local taxes since that could mean huge refunds. But getting a percentage of … Continue reading

Posted in Reed's Views, Taxes, Trump | 6 Comments