Political Wire

You are here: Home / Budget & Taxes / What Trump Wants In a New Tax Bill

What Trump Wants In a New Tax Bill

By Leave a Comment

Punchbowl News has a list of priorities the White House sent to Capitol Hill:

  • A lower tax rate for foreign-derived intangible income, when companies export products based on intellectual property held in the United States.
  • A 15% tax rate for corporations that make products in the United States, down from the current 21% rate.
  • Full deductions immediately when businesses buy short-term assets like equipment and machinery.
  • A new tax deduction for interest payments on auto loans.
  • Trump’s campaign promises: no tax on tips, overtime pay and Social Security benefits.
  • Make the 2017 tax cuts permanent.
FavoriteLoadingSave to Favorites

Recent Posts

The Vance Whisperer

New York Magazine: “Though few outside the Trump administration are aware of his existence, Vance chief of staff Jacob Reses is one of the most influential Republican operatives in Washington.”…

From our partner: Ground News

The Stories Missing From Your Feed

You already know the problem: the same story can look completely different depending on where you read it — and some barely show up at all because algorithms decide what you see.

My goal for Political Wire is to help you get outside those filters — to understand not just what happened, but how it’s being covered and who might be missing it. That’s why I use and recommend Ground News.

It’s an app and website that brings together global news from across the political spectrum, showing each source’s bias, factuality, and ownership.

What I find especially useful is the Blindspot Feed. It highlights stories getting heavy coverage on one side but little on the other — a quick way to see what your usual news diet may be missing.

For a limited time, get 40% off a Ground News Vantage subscription at www.groundnews.com/political.



About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

Praise for Political Wire

“There are a lot of blogs and news sites claiming to understand politics, but only a few actually do. Political Wire is one of them.”

— Chuck Todd, host of “Meet the Press”

“Concise. Relevant. To the point. Political Wire is the first site I check when I’m looking for the latest political nugget. That pretty much says it all.”

— Stuart Rothenberg, editor of the Rothenberg Political Report

“Political Wire is one of only four or five sites that I check every day and sometimes several times a day, for the latest political news and developments.”

— Charlie Cook, editor of the Cook Political Report

“The big news, delicious tidbits, pearls of wisdom — nicely packaged, constantly updated… What political junkie could ask for more?”

— Larry Sabato, Center for Politics, University of Virginia

“Political Wire is a great, great site.”

— Joe Scarborough, host of MSNBC’s “Morning Joe”

“Taegan Goddard has a knack for digging out political gems that too often get passed over by the mainstream press, and for delivering the latest electoral developments in a sharp, no frills style that makes his Political Wire an addictive blog habit you don’t want to kick.”

— Arianna Huffington, founder of The Huffington Post

“Political Wire is one of the absolute must-read sites in the blogosphere.”

— Glenn Reynolds, founder of Instapundit

“I rely on Taegan Goddard’s Political Wire for straight, fair political news, he gets right to the point. It’s an eagerly anticipated part of my news reading.”

— Craig Newmark, founder of Craigslist.