Scott Bessent told a group of investors that he expected trade tensions with China to de-escalate.
Category: Taxation
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With Harvard Threat, Trump Tries to Bend the I.R.S. to His Will
Since the post-Nixon era, the Internal Revenue Service has had a degree of independence from the White House. President Trump is seeking to change that.
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A Tax Day Jam Session
File your 1040 to tunes by Destiny’s Child, Dr. John, Big Tymers and more.
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Republicans Debate Higher Taxes on the Rich
The idea of raising taxes on rich Americans has caught the Republican Party between its populist ambitions and low-tax instincts.
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Republicans Want to Make the Trump Tax Cuts Last Forever
Senate Republicans are hoping to ice Democrats out from deciding the fate of President Trump’s 2017 tax cuts, a move that Democrats could eventually use against them.
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Republicans Like to Cut Taxes. With Tariffs, Trump Is Raising Them.
President Trump’s tariffs are scrambling the Republican plan for the economy, long centered on tax cuts and growth.
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As Trump Tariffs Loom, White House Eyes Costly Farmer Bailouts
The Trump administration has discussed providing financial aid for farmers who may be subject to retaliation by America’s trading partners.
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Russell Vought, Trump’s Budget Chief, Wants to Cut ‘Woke’ Spending
Russell T. Vought, leader of the Office of Management and Budget, aims to marry extreme austerity with his Christian values.
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U.S. Could Run Out of Cash by July, Analysis Finds
The Bipartisan Policy Center estimates that the so-called X-date could fall between mid-July and early October if Congress does not lift or suspend the nation’s debt limit.
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Investors Thought They Could Control Trump. They Were Wrong.
On Tuesday, President Trump sent markets into another tailspin by announcing additional tariffs on Canada, suggesting a falling stock market is no longer the bulwark investors had hoped.
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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.
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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.