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Tax Cut, national debt
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 that annual deficits over the next decade will total $21.1 trillion. That will be piled on to a national debt that currently exceeds $36 trillion.
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 in additional tax cuts being championed by President-elect Donald Trump.
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.
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.
CBO sees US 2025 deficit flat at $1.9 trln before any Trump tax changes
The Congressional Budget Office on Friday forecast a $1.865 trillion U.S. budget deficit for fiscal 2025, largely flat with last year and indicating no major deterioration in government finances before President-elect Donald Trump takes office on Monday.
Tax Cut, Brian Kemp
Brian Kemp Eyes $1B Tax Rebates, Speeds Up Tax Cut Timeline
Kemp Got Planned? These measures were outlined alongside Kemp's broader policy agenda, which includes $600 million to improve prison conditions and $50 million
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 and is warning lawmakers that he'll call them back into special session later this year if that's what it takes to push through his priority of limiting lawsuit verdicts.
Kemp says he will announce income tax cut, round of surplus tax rebate payments
The governor spoke to CNBC ahead of his State of the State address this morning.
10h
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.
51m
on MSN
Trump wants to cut taxes. So do governors and lawmakers in some states
President-elect Donald Trump has proposed trillions of dollars of tax cuts. JEFFERSON CITY, Mo. (AP) — President-elect Donald ...
4h
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 ...
12h
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.
23h
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 ...
1d
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 ...
22h
on MSN
Gov. Tim Walz recommends changes to Minnesota sales tax, cuts for disability services in upcoming budget
Minnesota Gov. Tim Walz called for spending cuts Thursday in a $65.9 billion two-year budget proposal that includes a modest ...
2d
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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