The House Republican budget plan would pair tax cuts that primarily benefit the rich with cuts to programs that help the poor.
Category: Tax Cuts and Jobs Act (2017)
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Markets and Corporate America Are Unfazed by Washington Chaos, for Now
The federal budget debate has big implications for the economy. Businesses are betting that tax cuts will be extended and the math will work out.
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Republicans Want Lower Taxes. The Hard Part Is Choosing What to Cut.
House Republicans are preparing to adopt a plan that puts a $4.5 trillion limit on the size of the tax cut, but even that will not be enough for some of President Trump’s promises.
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Wall Street Prepares to Defend Carried Interest, a Favored Tax Break, Again
President Trump called for ending the so-called carried interest loophole, which saves financiers billions. It’s a tax break that has survived time after time.
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Federal Debt Is Now Worrying Even Progressives
Long a focus of conservatives, the level of public borrowing is starting to concern left-leaning economists. Proposed remedies still differ radically.
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What Did Trump’s Tax Cuts Do?
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.
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Tax Cuts or the Border? Republicans Wrestle Over Trump’s Priorities.
President-elect Donald J. Trump has waffled on his preferences for how his party tackles his agenda, adding to the uncertainty for Republicans.
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Trump Tossed a Debt Limit Grenade Into Spending Talks. Here’s Why.
President-elect Donald J. Trump was forced to negotiate with Democrats over the borrowing cap during his first term.
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Washington and the Markets are Feeling the President-elect Effect
The President-elect takes office in a month, but his influence on policy is already being felt by investors and across Washington.
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Trump Tax Cuts Won’t Help the Economy Grow, Budget Office Finds
A larger debt and higher interest rates would cancel out the boost from keeping individual taxes lower, the nonpartisan Congressional Budget Office found.
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Can Wall Street Billionaires Deliver on Trump’s Blue-Collar Promise?
The president-elect has named wealthy financiers for key economic positions, raising questions about how much they will follow through on promises to help the working class.
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Republicans Ponder: What if the Trump Tax Cuts Cost Nothing?
Some in the party are considering alternative ways of assessing the federal budget as they prepare to extend temporary tax cuts passed in 2017.