Category: Tax Cuts and Jobs Act (2017)

Federal Debt to Hit Record Levels, Budget Office Warns

The New York Times – Business:
President Trump has reshaped the country’s economic policies, but the outlook for the budget remains dire.
Trump Dangles Cash Payments to Assuage Affordability Concerns

With tariffs unpopular and prices still high, the White House has teased the promise of tariff rebates and large tax refunds next year.
Businesses Are Cashing In on Trump’s Tax Cuts

Corporate tax revenue has quickly dipped since Republicans passed tax cuts this summer. But economists think these tax breaks might be worth it.
Trump Opens ANWR to Oil Drilling

The Interior Department also said it would allow a contentious road to be built through the Izembek National Wildlife Refuge in southwestern Alaska.
The Fiscal Gambit at the Center of the Shutdown

It is a well-worn strategy to temporarily create a government benefit and hope that its eventual expiration will create a standoff like the shutdown fight.
Trump Warns of Doom if Tariffs Are Ruled Illegal. Others See a Tax Cut.

Many American companies have had to shoulder at least some of the costs of tariffs, biting into earnings the same way a corporate tax increase would, analysts say.
Trump’s Tariffs Are Making Money. That May Make Them Hard to Quit.

The tariffs are a substantial new source of revenue for the federal government. The budget may start to depend on it.
Trump’s Tariffs Are Making Money. That May Make Them Hard to Quit.

The tariffs are a substantial new source of revenue for the federal government. The budget may start to depend on it.
Trump Takes Reins on U.S. Economy With Policy Bill and Tariffs Renewal

President Trump has achieved much of his agenda, leaving the fate of the economy squarely in his hands.
How Republicans Re-engineered the Tax Code

The product of years of Republican effort, the American tax code now blends traditional supply-side economics with President Trump’s populist 2024 campaign promises.
Republicans Prepare to Open ‘Pandora’s Box’ of Budget Gimmicks

With the broad tax and health care bill they are now trying to muscle into law, Senate Republicans are preparing to upend Washington’s accounting standards.
Senate Republicans Want to Trim Some of Trump’s Populist Tax Cuts

G.O.P. senators are considering whether to further curb the president’s favorite tax cuts as they rewrite key portions of the sprawling domestic agenda bill passed by the House.