Category: Tax Cuts and Jobs Act (2017)

Trump Increased Tax Refunds, but a Political Challenge Still Looms

The New York Times – Business:
While last year’s tax law has raised the average I.R.S. refund, the boost is less than the White House expected — and may not have much impact on voters.
‘I Got Back Every Penny’: Inside Trump’s Supercharged Tax Season

The New York Times – Business:
The law Republicans passed last year has so far been largely imperceptible to most Americans. That’s changing as tens of millions file their taxes this spring.
Trump Requests $1.5 Trillion for Military Spending

The New York Times – Business:
The massive, proposed increase would be offset in part by steep cuts to domestic programs, some of which the administration describes as wasteful.
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.