Tax Cuts and Jobs Act (2017) – Page 8

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.

By Ana Swanson Andrew Duehren and Luke Broadwater

Biden, Joseph R Jr Congressional Budget Office Customs (Tariff) Income Inequality International Trade and World Market Presidential Election of 2024 Republican Party Tax Cuts and Jobs Act (2017) Trump, Donald J United States Politics and Government

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.

By Ana Swanson Andrew Duehren and Luke Broadwater

Federal Budget (US) National Debt (US) Presidential Election of 2024 Protectionism (Trade) Republican Party Social Security (US) Tax Cuts and Jobs Act (2017) Trump, Donald J United States Economy United States Politics and Government

Once a G.O.P. Rallying Cry, Debt and Deficits Fall From the Party’s Platform

Fiscal hawks are lamenting the transformation of the party that claimed to prize fiscal restraint and are warning of dire economic consequences.

By Alan Rappeport

High Net Worth Individuals Internal Revenue Service Tax Cuts and Jobs Act (2017) Tax Evasion Taxation Treasury Department United States Politics and Government Wages and Salaries

I.R.S. Crackdown on Delinquent Millionaires Yields $1 Billion

The beefed-up enforcement is part of the agency’s modernization initiative aimed at improving customer service and catching wealthy tax evaders.

By Alan Rappeport

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