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Trump, tax cuts
What Did the Trump Tax Cuts Do? Nobody Really Knows.
Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.
GOP flirts with magical thinking on paying for Trump's tax cuts
Why it matters: The procedural and budgetary gambit will free Republicans from the burden of finding the $4 trillion in spending cuts. But deficit hawks, including member of the House Freedom Caucus, haven't completely signed off on the novel approach.
Republicans may try budget math that doesn’t count Trump tax cuts
Extending the tax law that’s set to expire would add $4.6 trillion to the national debt — so some GOP lawmakers want to change the rules.
2h
on MSN
CBO projects U.S. debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts
The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars ...
3h
U.S. Faces Record Debt Levels as Republicans Plan Tax Cuts
The new budget forecasts predicted that the United States will record a $1.9 trillion budget deficit this fiscal year and ...
2h
CBO Projects U.S. Debt to Surge $23.9T, Excluding Tax Cuts by Trump
The U.S. national debt is projected to surge by $23.9 trillion over the next decade, according to the Congressional Budget Office.
1h
on MSN
House Budget Republicans eye more than 200 spending cuts, tax changes for major bill
Republicans on the House Budget Committee are considering more than 200 potential budget cuts, tax breaks, tariffs and ...
9h
A Major Cut To Capitol Gains Tax Would Turbocharge The Economy
A substantial cut in the capital gains tax would make President-elect Trump’s upcoming tax bill very beautiful indeed.
20h
on MSN
Treasury secretary nominee Bessent favors tax cuts, China tariffs, Russia sanctions
President-elect Donald Trump's Treasury secretary nominee Scott Bessent favors imposing tariffs on China, sanctions on Russia ...
2d
Dan Haar: Lamont will pitch a tax cut in Connecticut next month. Here's what that means
A cut in Connecticut taxes has not been widely discussed at the Capitol this year amid spending battles, but Gov. Ned Lamont ...
23h
on MSN
Georgia Gov. Brian Kemp wants to again speed up income tax cuts
Georgia Gov. Brian Kemp wants to again speed up state income tax cuts. The Republican also warned lawmakers Thursday in his ...
22h
on MSN
Budget: Walz pitches state's first sales tax cut, reduction in disability waiver spending
In regards to the statewide sales tax, Walz is proposing a .75% reduction to the tax rate alongside provisions to expand the ...
1d
Policy nerds don’t like her tax cut
“The key is whether the state is willing to restrain spending growth elsewhere,” Andrew Rein, president of the Citizens ...
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