taxes

Updated 9:45 a.m. ET

The White House is banging the drums that President Trump is doing something big again ahead of his 100th day in office — unveiling a tax "plan."

"This is going to be the biggest tax cut and the largest tax reform in the history of our country," Trump's Treasury Secretary Steve Mnuchin said at a panel Wednesday morning.

WUSF News

With three weeks left before the end of the regularly scheduled legislative session, the two chambers of the Florida Legislature are about $4 billion apart in their spending plans. While the gap is closing, the fundamental position of the top budget lawmaker in the House is to shrink state spending.

Millions of taxpayers are rushing to complete their federal and state filings before the April 18 deadline. Among them are several million people in this country illegally, and there are signs that fewer such immigrants are filing than in years past.

Back in 2012, Republican presidential nominee Mitt Romney's campaign suffered a blow when a tape was leaked of him grousing that 47 percent of Americans don't pay federal income tax. It was one of the biggest gaffes of the presidential campaign, but a new poll conducted by Ipsos for NPR suggests that many Americans forgot it.

Even as they lick their wounds from a failed Affordable Care Act repeal effort, Republican leaders in Washington are looking ahead to the next battle — over taxes.

"I would say that we will probably start going very, very strongly for the big tax cuts and tax reform," President Trump told reporters Friday. "That will be next."

Republican House Speaker Paul Ryan agreed, though he conceded that the defeat on health care was a setback.

"This does make tax reform more difficult," Ryan said. "But it does not in any way make it impossible."

President Trump has made clear he doesn't like the alternative minimum tax, a complex federal levy that will hit some 4.8 million taxpayers this year.

A two-page tax return, filed by Trump for 2005 and revealed Tuesday, may suggest one reason. Because of the AMT, Trump was required to pay about $38 million in taxes on income of more than $150 million that year.

Without it, Trump's bill would have been a lot lower.

Rob O'Neal / Florida Keys News Service

While tourism industry groups from around the country are warning of a drop in international visitors because of President Donald Trump's immigration policies and rhetoric, the head of the Keys tourism agency said he's hearing of a different cause.

Florida’s veterans could enjoy two full months without sales tax if one South Florida lawmaker gets his way.  But he’ll face an uphill battle in a year with so little new money available.

Creative Commons

Most states tax feminine hygiene products as “luxury items.” But state lawmakers across the U.S., including in Florida, are introducing so-called “tampon tax” legislation to exempt these items from sales tax. 

Most states tax feminine hygiene products as “luxury items.” But state lawmakers across the U.S., including in Florida, are introducing so-called “tampon tax” legislation.

With the new year came a new increase to Florida’s gas tax. But it’s unlikely consumers will even notice the rate hike: it amounts to one tenth of one cent. 

Florida’s gas tax is one of the highest in the country, totaling 36.59 cents per gallon. An additional 18.4 cents goes to the federal government, before cycling back down to state projects. The revenue helps restore and maintain the state’s aging infrastructure. But like the country’s roads and bridges, the tax base is crumbling.

apennyatwork.com / Broward County and cities

This Election Day, Broward County voters are being asked to consider two half-cent sales tax increases. The proceeds would be split between the county and its cities, funding county transportation improvements and city infrastructure. But it's not just a question of, "Do we want higher taxes?" Voters have to decide whether they trust officials to carry out plans for the extra money.

taxcredits.net / Flickr Creative Commons

Gov. Rick Scott gave a State of the State speech on Tuesday that was focused almost entirely on creating jobs and cutting taxes, boasting that Florida has added more than a million jobs since he took office.

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