Farm lobbyists are warily watching the tax-overhaul legislation moving through Congress, which comes with some favorable terms for them now but may have a big catch later: Less money for farm programs crucial to producers dealing with lower commodity prices.
A former Swiss banker was acquitted of helping U.S. clients dodge taxes, dealing prosecutors a dramatic loss in their efforts to hold individuals responsible after the government successfully targeted financial institutions.
Senate Republicans tucked some multibillion-dollar tax increases for corporations into the 515-page tax bill they released this week—spring-loaded hikes that would begin after 2024 if the economy doesn’t grow as fast as GOP lawmakers have promised.
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