What Did the Trump Tax Cuts Do? Nobody Really Knows.
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.
Trump's US Treasury Pick Bessent Says Extending Tax Cuts a Top Priority
(Reuters) - Scott Bessent, U.S. President-elect Donald Trump's choice to head the Treasury Department, on Thursday said that extending Trump's 2017 tax cuts that are set to expire at the end of this year is "the single most important economic issue of the day."
Trump will try to extend his 2017 tax cuts this year. When — and how — that happens is up in the air.
Washington is set for a rollicking tax fight in the coming year, with observers of all stripes expecting a historic deal to extend Donald Trump's 2017 tax cuts at some point. The key question for the moment is timing,
Trump Treasury Nomination on Tax Cuts
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Trump Wants to Cut Taxes. So Do Governors and Lawmakers in Some States
President-elect Donald Trump has proposed trillions of dollars of tax cuts for individuals and businesses. In some states, governors and lawmakers are seeking to cut millions more. The movement for more tax cuts comes after most states already have slashed income,
U.S. Faces Record Debt Levels as Republicans Plan Tax Cuts
The new budget forecasts predicted that the United States will record a $1.9 trillion budget deficit this fiscal year and ...
CBO sees US 2025 deficit flat at $1.9 trillion before any Trump tax changes
The Congressional Budget Office on Friday forecast a $1.865 trillion U.S. budget deficit for fiscal 2025, largely flat with ...
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Tax Return and Tax Refund: What's the Difference?
A tax refund is money returned to you by the US Treasury if you overpaid your state or federal taxes during the previous year ...
CBO projects US debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts
The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars ...
US clean energy tax subsidies to cost $825 billion over 10 years, CBO says
U.S. clean energy tax subsidies under President Joe Biden's signature Inflation Reduction Act will boost U.S. budget deficits ...
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If You're Claiming the Child Tax Credit in 2025, When Will You Get Your Tax Refund?
Laws are in place preventing anyone claiming a child tax credit from getting their refund before a certain date, so how long ...
Do you itemize? Trump's Congress could raise the cap on the SALT tax deduction in 2025
Wealthy taxpayers could get a break if Congress and Trump agree to raise the limit on federal deductions based on your local ...
Canadian foreign minister warns of ‘Trump tariff tax’ on Americans as threat of 25% tariff looms
Canada’s foreign minister is warning Americans they will be paying a “Trump tariff tax” if President-elect Donald Trump ...
Senate GOP rejects House conservative pitch on corporate tax rates
House conservative proposals to raise corporate taxes to offset the cost of President-elect Trump’s tax package are going ...
Real estate brokers seek special exemptions from LA’s ‘mansion tax’ and key rules to spur rebuilding after wildfires
As Los Angeles looks ahead to rebuilding after devastating wildfires, real estate agents wrote a letter to city and state ...
IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook
The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year.