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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
GOP tax writers are gathering support for creative ways to make the price tag $0 for extending Trump's 2017 tax cuts. Why it matters: The procedural and budgetary gambit will free Republicans from the burden of finding the $4 trillion in spending cuts.
Republicans weigh 'magical thinking' to fund Trump's tax cuts: report
Republicans were reportedly resorting to "magical thinking" to push through an extension of President-elect Donald Trump's 2017 tax cuts, set to expire this year. The Tax Cuts and Jobs Act, signed into law by Trump in December 2017,
CNET on MSN
16h
2025 Tax Bracket Increases Could Be a Win for Your Paycheck. Here's Why
There are other tax changes happening next year that could put more money in your paycheck. If you collect Social Security, ...
2d
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 ...
2d
CBO sees US 2025 deficit flat at $1.9 trillion 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 ...
8h
on MSN
Tractor rally at racecourse in protest at tax plans
A racecourse boss says he is pledging "solidarity and support" for farmers over inheritance tax changes.
CNET on MSN
2d
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 ...
2d
on MSN
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 ...
2d
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 ...
2d
Council warns of 'bankruptcy' without 25% tax hike
A local authority has warned it could go effectively bankrupt without a "significant council tax increase". Leaders at the ...
2d
on MSN
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 ...
2d
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 ...
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