A surprise provision in a tax law guide could lead to double taxation for trusts and estates, even those with modest income. Experts are concerned about the impact on charitable giving and the need for clarity from Congress or the Treasury Department.
Lawyers and financial advisors are concerned about a potential double taxation issue for trusts and estates stemming from a new tax law. A footnote in a congressional tax guide suggests that trusts may have to pay taxes on income distributed to beneficiaries, even if all income is distributed, creating a "mathematical nightmare."
Democrats want to tax the rich to cut taxes on worker incomes. Democratic Sen. Chris Van Hollen of Maryland explains and a tax policy expert shares his reservations with NPR's Planet Money team.
A staged Oval Office McDonald's delivery to celebrate a tax policy has drawn criticism, with President Trump himself calling the event "tacky." The DoorDash driver, Sharon Simmons, who previously advocated for the policy, was highlighted for alleged savings. DoorDash clarified it was a planned event, not a genuine delivery, defending Simmons' participation.
