The tariffs thrown out by the Supreme Court had become an important revenue source. President Trump said he could replace that money with other levies.
Category: Congressional Budget Office
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Tariff Whiplash Clouds Outlook for Federal Budget
The New York Times – Business: -
Initial Obamacare Enrollment Drops by 1.4 Million as Expiring ACA Subsidies Drive Up Premiums
That number could increase significantly as more consumers are faced with higher bills brought on by expiring premium subsidies.
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Political Costs of Trump Tax Cuts, Medicaid and ‘Debt Slavery’
As the Senate prepares to vote on a key piece of the president’s domestic agenda, prominent critics, including Elon Musk, are speaking out.
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House Policy Bill Would Add $3.4 Trillion to Debt, Swamping Economic Gains
The updated findings from the Congressional Budget Office amounted to the latest dour report card for the president’s signature legislation.
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G.O.P. Senators Want Fewer Cuts to Food Aid, Teeing Up a Fight with the House
Republicans whose constituents rely on nutritional assistance worry that cuts to those programs approved by the House will saddle their states with huge costs and harm low-income children.
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Republicans Try to Discredit Experts Warning About the Cost of Tax Cuts
President Trump and his allies have united around a new foe: the economists and budget experts who have warned about the costs of Republicans’ tax ambitions.
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Republican Policy Bill Would Add $2.4 Trillion to Debt, Budget Office Says
The estimate from the nonpartisan Congressional Budget Office is all but certain to inflame an already intense debate inside the G.O.P. about the fiscal consequences of their bill to enact President Trump’s agenda.
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Economists Question G.O.P. Bill: Why Increase the Deficit in Good Times?
Huge deficits are already making bond investors nervous. Economists warn that could make it harder to respond to future crises.
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Spending Fight Shows Limits of Trump Power to Change Fiscal Path
Efforts to cut government spending and eliminate waste are dwarfed by the rising costs of the social safety net programs and interest expenses.
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U.S. Budget Deficit Rises to $1.8 Trillion in 2024
New estimates from the Congressional Budget Office show continuing fiscal strain, despite steady economic growth.
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Trump’s Proposed Tax Cuts and Increased Tariffs Could Hurt Poorer Households
Some Republicans want to use revenue collected from higher duties on foreign goods to finance tax cuts. Economists say such a shift could widen the gap between the rich and the poor.
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Trump’s Proposed Tax Cuts and Increased Tariffs Could Hurt Poorer Households
Some Republicans want to use revenue collected from higher duties on foreign goods to finance tax cuts. Economists say such a shift could widen the gap between the rich and the poor.