Tax Cuts and Jobs Act (2017) – Page 2

U.S. Could Run Out of Cash by May, Budget Office Predicts

The Congressional Budget Office said that the so-called X-date could occur as early as spring if Congress does not lift or suspend the nation’s debt limit.

By Alan Rappeport

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Scammers Stole Their Retirement Savings. Then the Tax Bill Arrived.

The victims pulled money out of their retirement accounts. The withdrawals had inflated their taxable income, even though the funds quickly disappeared.

By Tara Siegel Bernard

Federal Budget (US) Federal Reserve System Inflation (Economics) Interest Rates Tax Cuts and Jobs Act (2017) United States Economy United States Politics and Government

PCE Report Showed Inflation Eased Slightly in January

The central bank wants to see further progress that price pressures are easing before it lowers interest rates again.

By Colby Smith

Federal Budget (US) Income Tax Medicaid Poverty Tax Cuts and Jobs Act (2017) Taxation United States Economy United States Politics and Government

GOP Gambles on Budget Plan That Helps the Rich and Cuts Aid to the Poor

The House Republican budget plan would pair tax cuts that primarily benefit the rich with cuts to programs that help the poor.

By Andrew Duehren