Trump push to use tariffs to pay for tax cuts faces opposition in Congress
U.S. President Donald Trump is pushing a plan to explicitly use revenue from higher tariffs on imported goods to help pay for extending trillions of dollars in tax cuts, an unprecedented shift likely to face opposition from many of his fellow Republicans in Congress.
Tax Cuts: High on Trump’s Agenda, Nowhere in Speech
The tax cuts that were President Trump’s top first-term legislative achievement went unmentioned in his inaugural address, even though their extension will dominate the congressional agenda this year.
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.
Trump may use Medicaid cuts to fund tax reform. These states would be hit hardest.
President Donald Trump has long proposed cutting Medicaid, which covers healthcare for lower-income Americans.
Trump mum on tax cuts in inaugural address, first priority statement
President Donald Trump didn't mention tax cuts during his inaugural address despite spending months on the campaign trail talking about first-term legislative achievement: the 2017 Tax Cuts and Jobs Act.
Congress Is Gearing Up for a Fight Over Trump Tax Cuts
Tax cuts were a hallmark of Donald Trump’s first term, but the president may face a tougher challenge this time.
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Will Republicans Unify To Renew Trump’s Tax Cuts, Which Are Crucial to America’s Economic Strength?
While the GOP controls the White House, House, and Senate, the path ahead is fraught with political and fiscal obstacles.
Republicans May End Student Loan Forgiveness, Healthcare Subsidies In Tax Cut Bill
Among the many items that are being evaluated for cuts are several student loan forgiveness and relief programs, as well as ...
Exclusive: Elizabeth Warren’s Plan for How Musk Can Cut $2 Trillion in U.S. Spending
The Senator sent Musk a letter with 30 ideas for how his DOGE commission could cut $2 trillion in U.S. spending.
How Tax Cuts and Jobs Act Renewal Would Affect Your Wallet
The Tax Cuts and Jobs Act (TCJA) of 2017, which was signed into law during President Donald Trump's first term, lowered tax ...
Overtime tax cut return of investment greater than budget shortfall, Huntsville lawmaker says
Alabama House Minority Leader Anthony Daniels said the return of investment of the overtime tax cut is greater than a budget ...
Income Tax Cuts Advancing In Numerous State Capitals
More than half the state legislatures enacted income tax cuts over the past several years and it's clear this trend will ...
NY Governor Hochul to Detail Tax Cuts in $252 Billion Draft Budget
New York Gov. Kathy Hochul (D) on Tuesday will propose a $252 billion spending plan with income tax cuts alongside an ...
Council wants 9.9% council tax rise amid £153m cuts
Birmingham City Council is requesting permission from the government to raise council tax by 9.9% this year, at the same time ...
House G.O.P. Floats Medicaid Cuts and More to Finance Trump’s Huge Agenda
President Trump wants a massive tax cut and immigration crackdown bill. Now Republicans must decide what to cut to help pay ...