Republicans’ control of the House, Senate and White House next year will enable them to use the tactic to enact proposals that won’t attract bipartisan support — the same way Democrats did the last time they held the trifecta — like extending expiring Trump-era tax cuts. They've been ...
garnering the approval of 54% of U.S. adults, according to a recently released Galluppoll. But experts say that may not insulate the federal health insurance program from change as President-elect Donald Trump and his fellow Republicans look to renew $4 trillion inexpiring tax cuts. ...
The U.S. debt-to-GDP ratio was 104% before the TCJA took effect and it was 108% a couple of years later before pandemic-era spending that pushed the ratio to 135% by mid-2020.45 Frequently Asked Questions (FAQs) Who passed the Trump tax cuts?
Senate Democratic tax writers are demanding more details about former Rep. Billy Long's work promoting a troubled pandemic era tax credit for businesses as they consider his possible nomination to head the IRS. In a pair of letters to companies Long (R-Mo.) said he worked with, the lawmaker...
A priority for Republicans going into 2025 isextendingthe expiring provisions of the Tax Cuts and Jobs Act of 2017. Trump is looking to extend the tax cuts withinhis first 100 daysin office next year. This extension would cost $4.6 trillion over the 10-year budget window,according to estima...
With McConnell’s endorsement of Trump, it gives the green light to other remaining skeptical Republicans — and the deep-pocketed donors who fuel campaigns — to fall in line despite any reservations they may have about a return to the Trump era. After the J...
This law reauthorizes the airport improvement program, extends certain expiring programs and benefits, and modifies the IRS code to allow for “various tax credits, deductions, and modifications to existing rules for individuals and businesses affected by Hurricanes Harvey, Irma, and Maria.” ...
Extend 2017 tax cuts permanently.Many of the tax cuts in Trump’s 2017 Tax Cuts and Jobs Act (TCJA) are expiring at the end of next year. Those include estate tax cuts and individual income tax cuts. Replace personal income taxes with an “all tariff” policy.On June 13, Trump told ...
Gasoline prices did go up under the Biden administration, but that came amid a Covid-era supply shock and the Russian invasion of Ukraine — two events that scrambled the global energy market and that no White House occupant would have much control over. The price of ...
Gasoline prices did go up under the Biden administration, but that came amid a Covid-era supply shock and the Russian invasion of Ukraine — two events that scrambled the global energy market and that no White House occupant would have much control over. The price of a regular ...