To extend Trump's 2017 tax cuts, Republicans seek to overlook the cost
As congressional Republicans try to extend President Donald Trump's 2017 tax cuts, some are considering an unusual plan to make them permanent while avoiding the political pain of massive spending cuts to pay for them: Argue that they will not deepen the federal deficit.
House Republicans unveil blueprint to extend $4.5 trillion in tax cuts and lift the debt ceiling
WASHINGTON (AP) — House Republicans released a budget plan Wednesday that sets the stage for advancing many of President Donald Trump’s top domestic priorities, providing for up to $4.5 trillion in tax cuts and a $4 trillion increase in the debt limit so the U.S. can continue financing its bills.
If Trump Reinstates Tax Cuts, Here’s How Much You Could Save
During President Trump's first term, he overhauled the tax code with his 2017 Tax Cuts and Jobs Act (TCJA). Many of those provisions are set to expire at the end of 2025. Read Next: 7 Tax
House GOP finally unveils budget plan for Trump’s agenda with space for at least $4.5T in tax cuts
House Republicans released their long-awaited budget resolution Wednesday, which will allow up to $4.5 trillion to be added to the deficit via tax cuts and look to cut $2 trillion in spending over
House Republicans release budget plan, with trillions in tax and spending cuts
House Republicans released a budget resolution on Wednesday, laying a foundation for approving President Trump's agenda.
Did Trump’s 2017 tax cuts actually pay for themselves?
We'll do the numbers on tax cuts the Trump administration likely wants to extend. Plus: the science behind bringing back the woolly mammoth.
Trump budget bill with $4.5T in tax cuts survives key hurdle despite House GOP infighting
A mammoth bill advancing a broad range of President Donald Trump’s policy goals survived a key hurdle on Thursday, putting Republicans closer to their goal of passing a bill by sometime in May. The legislation passed the House Budget Committee on a party-line 21 to 16 vote and is expected to be taken up by the entire chamber for a floor vote later this month.
House Republicans approve their budget after appeasing hard-liners
The House Budget Committee adopted a budget resolution Thursday as GOP leaders work to unlock the power to enact major Republican priorities along party lines.
Did the 2017 tax cuts really pay for themselves?
While supporters of an extension to the 2017 Tax Cuts and Job Act say that the tax cuts paid for themselves, experts say that wasn't the case.
GOP’s Right Flank Secures Deeper Spending Cuts as House Budget Advances
Republican leaders agreed to accept a tighter limit on tax cuts’ size if spending reductions miss their target.
House GOP panel passes budget blueprint with $4.5 trillion in tax cuts and steep spending reductions
The Republican-controlled House Budget Committee voted along party lines to advance a massive budget blueprint to slash taxes and spending by trillions of dollars.
With slim revenue growth, Oklahoma lawmakers, AG worry about Gov. Stitt's push for tax cuts
The meeting of the Oklahoma Board of Equalization was filled with numbers and analysis and, depending on who you were, either ...
Tax cuts in Ohio? Here's what DeWine wants when it comes to income, marijuana, sports betting
Gov. Mike DeWine is wary of cutting Ohio's income tax, but he wants to use sin taxes on cigarettes, marijuana and sports ...
The Texas Tribune3d
Texas Senate unanimously approves tax cuts for homeowners
The marquee proposal would increase the amount of a home’s value exemption from school taxes to $140,000 from $100,000. The ...
Municipal Bonds Markets Fear Trump Tax Cuts Could Clip Momentum
The Trump administration’s efforts to cut taxes are threatening to upend the U.S. $4 trillion municipal bond market.
Trump’s 2017 tax cuts expire soon − study shows they made income inequality worse and especially hurt Black Americans
Going without insurance hurt all low-income Americans. But studies suggest the drop in Black Americans’ coverage under Trump’s plan outpaced that of white Americans. The rate of uninsured Black ...
Economists predict modest North Carolina surplus, but warn more tax cuts will curb revenues
North Carolina officials are projecting a modest revenue surplus this fiscal year but are warning that tax cuts already on ...
Layoffs to hit IRS as DOGE targets tax collections
Several people briefed on the matter said cuts to the IRS cuts numbering in the thousands. One target is tax collections.
MLive - GrandRapids/Muskegon/Kalamazoo on MSN3d
Tax increases and budget cuts: How 2 proposals stack up to fix Michigan’s roads
Michigan Gov. Gretchen Whitmer, a Democrat, and House Speaker Matt Hall, a Republican, have each announced a plan designed to ...