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.
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.
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 for individuals and businesses. In some states, governors and lawmakers are seeking to cut millions more. The movement for more tax cuts comes after most states already have slashed income,
Trump will try to extend his 2017 tax cuts this year. When — and how — that happens is up in the air.
Washington is set for a rollicking tax fight in the coming year, with observers of all stripes expecting a historic deal to extend Donald Trump's 2017 tax cuts at some point. The key question for the moment is timing,
Trump Treasury Nomination on Tax Cuts
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Congress Should Put Trump's Tax Cuts at the Top of the Priority List in 2025
The fight to protect prosperity-driving tax cuts is underway and is going to take a concerted effort from those inside and outside the halls of Congress to get it over the finish line. While Republicans control the House and Senate,
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 ...
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 ...
CBO projects US 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 ...
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If You're Claiming the Child Tax Credit in 2025, When Will You Get Your Tax Refund?
Laws are in place preventing anyone claiming a child tax credit from getting their refund before a certain date, so how long ...
US clean energy tax subsidies to cost $825 billion over 10 years, CBO says
U.S. clean energy tax subsidies under President Joe Biden's signature Inflation Reduction Act will boost U.S. budget deficits ...
Mississippi House passes $1.1 billion income tax elimination-gas and sales tax increase plan
A bill that phases out the state income tax, cuts the state grocery tax and raises sales taxes and gasoline taxes has passed ...
Trump’s Treasury pick rejects minimum wage hike, champions tax breaks
Scott Bessent summarized the incoming administration’s perspective perfectly: Yes to tax breaks for the wealthy, no to ...
Brazil final tax rate slightly higher than the one approved by Congress, special tax secretary says
The final version of the Brazilian tax reform sanctioned on Thursday by Brazil President Luiz Inacio Lula da Silva is ...
Canadian Foreign Minister Warns of 'Trump Tariff Tax' on Americans Amid Threat of 25% Tariff
Canada’s foreign minister is warning Americans they will be paying a “Trump tariff tax” if President-elect Donald Trump ...