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The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
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Noah Smith: Trump’s tax cut hasn’t done anything for workers

A few months ago, I cautioned that Americans should be patient before deciding what effect President Donald Trump’s tax cuts have had on the economy. It takes a while for companies to make investment decisions, more time for those decisions to be implemented and even more time for the resulting changes in labor demand to bid up workers’ wages. It therefore takes months or even years before the full impact of the tax bill will be known. But it’s also important to evaluate policies like Trump’s tax reform as quickly as possible. Not only is this critical for deciding whether to change course, but as more time goes on, the effects of a policy can become harder to assess. Two years from now, plenty of other things will have had time to affect the economy, including Trump’s trade war and natural economic forces. And now that the tax cut has been in effect for a half-year, the results are starting to trickle in.

Ryan credits Koch network for supporting GOP’s tax overhaul

House Speaker Paul Ryan, R-Wis., credited the network of billionaire industrialists Charles and David Koch for being “such a critical part of our historic success in 2017,” highlighting its support for the tax code overhaul.

Kevin B. McCruden: Spirituality, common life and the GOP tax law

With the recent passage into law of the Republican 2017 tax reform bill, I find myself saddened. In part, my sadness concerns the civic failure of this bill to secure the economic well-being of any but the already comfortably affluent. An even deeper source of my sorrow, however, relates to the spiritual impoverishment of this legislation.

Labrador, Simpson laud GOP tax bill as it passes House

The U.S. House voted 227-203 in favor of the GOP tax bill today, and Idaho Reps. Raul Labrador and Mike Simpson both lauded the bill; the Senate is expected to vote later today. “Any time we can allow hard-working Idahoans to keep more of their...

Robert J. Samuelson: The true tax gap: How about $12 trillion!

When historians examine President Trump’s tax program, they will surely be struck by a large and momentous contradiction. Although the nation faces endless budget deficits – and although the president purports to speak about the future – his tax program does little or nothing to curb long-term deficits and, arguably, might make them worse. It is said that the tax gap of the Trump-Republican program – the net amount of the tax cut – is somewhere between zero (the administration’s position: the tax cut will pay for itself through stronger economic growth) and $1.5 trillion over a decade (the position of many economists who doubt much of a boost to economic growth).

GOP senators rally to defend Corker over tax bill provision

Republicans rallied to GOP Sen. Bob Corker’s defense Monday, rejecting a report that the Tennessee lawmaker stealthily tucked a provision into the massive tax package to benefit himself financially and then reversed course to back the bill.

McMorris Rodgers makes final push for tax reform as Congress nears vote on divisive proposal

The fourth-ranking Republican in the House of Representatives continues her pitch for the tax plan, which she says will put more money in the wallets of Americans. Democrats remain wary, and independent analysis of the plan indicates soaring deficits that could trigger automatic spending cuts if Congress doesn’t act quickly after passing the bill, which is expected this week.

Federal tax bill could have big implications for Idaho’s state budget

Idaho officials say the federal tax reform bill currently being finalized in Congress likely will have a huge impact on state revenue collections, but they aren't sure yet whether the effect will be positive or negative, the Lewiston Tribune reports. Estimates from various state agencies suggest the tax reform effort could...