Ford Motor said it would open a new plant in Michigan that could become ineligible for federal incentives under a policy bill championed by President Trump and passed by the House.
Category: Taxation
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House Policy Bill Would Add $3.4 Trillion to Debt, Swamping Economic Gains
The updated findings from the Congressional Budget Office amounted to the latest dour report card for the president’s signature legislation.
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Senate Republicans Propose Key Tax Tweaks to House Bill
Party lawmakers proposed changes to the tax code that could offer the greatest benefit to businesses.
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Business Lobbyists Scramble to Kill $100 Billion ‘Revenge Tax’
Critics contend that the measure will scare off the foreign investment that President Trump wants to attract.
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Local Malls Are Sitting Empty, and Becoming a Headache for Small Towns
An empty shell for years, the mall in Lanesborough, Mass., shows how difficult it is to redevelop malls in smaller towns.
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Senate Republicans Want to Trim Some of Trump’s Populist Tax Cuts
G.O.P. senators are considering whether to further curb the president’s favorite tax cuts as they rewrite key portions of the sprawling domestic agenda bill passed by the House.
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Democrats Hate Trump’s Policy Bill, but Love Some of Its Tax Cuts
There’s an undercurrent of Democratic support for elements of President Trump’s tax agenda, a dynamic that Republicans are trying to exploit as they make the case for enactment of their sprawling domestic legislation.
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Deficit Politics Returns in Debate Over Trump Tax Cuts
The legislation that Republicans are trying to push through Congress could swell the very fiscal imbalance that party leaders have promised to tame for years.
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Biden’s I.R.S. Doubled Audits on the Wealthy, Data Shows
At the same time, the audit rate for those making under $500,000 declined slightly in 2024, fulfilling a promise by the Biden administration.
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Republicans Try to Discredit Experts Warning About the Cost of Tax Cuts
President Trump and his allies have united around a new foe: the economists and budget experts who have warned about the costs of Republicans’ tax ambitions.
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Economists Question G.O.P. Bill: Why Increase the Deficit in Good Times?
Huge deficits are already making bond investors nervous. Economists warn that could make it harder to respond to future crises.
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Ray Dalio’s Prescription for Avoiding Fiscal Catastrophe
The hedge fund billionaire’s take on how to fix America’s fiscal woes is getting a warm reception in Washington, even as he suggests drastic changes.