• Insider Q&A: The inherent limits of temporary tax cuts

    1 month ago - By Chron

    WASHINGTON - The tax overhaul that took effect Jan. 1 provides generous breaks for corporations and wealthy Americans and more modest relief for middle- and low-income households. In addition, the tax cuts for corporations are permanent; those for individuals and families are only temporary.
    Richard Phillips is a senior policy analyst at the nonpartisan, liberal-leaning Institute on Taxation and Economic Policy. The following interview was edited for length and clarity.
    You've said the new tax law failed to achieve a minimum goal: To reduce the provisions that are only temporary. The law...
    Read more ...