have called for making the 2017 tax cuts permanent. Some of that notion is enshrined inRepublicans’ 2024 platform, although the permanence provision specifically calls out portions “that doubled the standard deduction, expanded the Child Tax Credit, and spurred Economic Growth for all Ameri...
WASHINGTON, Dec. 21 (Xinhua) -- U.S. President Donald Trump has been able to pass a major tax bill with relative ease, but experts say his next legislative battle -- likely a massive infrastructure bill -- won't be so easy. The GOP-led Congress this week passed a sweeping tax overha...
andNew York CityMayorBill de Blasio, as well as former New York City mayorMichael Bloomberg, among others. That large field was gradually winnowed to a smaller group of candidates who had gained significant early support, including the former mayor ofSouth Bend,Indiana,Pete Buttigieg, and Senator...
The U.S. Treasury estimated that the bill would bring in around $1.8 trillion in new revenue and projected economic growth of 2.9% a year, on average.43 With increased debt being the likely outcome of these tax cuts, it's important to understand how that debt affects the gross domestic ...
Trump parades as a populist, as does his running mate, Ohio Sen. JD Vance. But the truth is that their tax cuts and tariff policies would hurt working-class and middle-class Americans. The wealthy, on the other hand, would fare just fine. ...
Senate fails to advance major tax bill that would expand Child Tax Credit You may owe the IRS on Monday — skipping it could cost you hundreds Here's how to track the status of your 2024 tax refund Tax Day is here, but the expanded Child Tax Credit hasn't materialized In: Cons...
"He is determined to destroy our democracy, rip away fundamental freedoms like the ability for women to make their own health care decisions, and pass another round of billions of dollars in tax cuts for the wealthy — and he'll do or say anything to put himself in power." ...
President Trump signed the sweeping$1.5 trillion tax cut billminutes before he departed the White House for Mar-a-Lago Friday morning. "We're very proud of it," Mr. Trump said of the measure, adding that it contains "tremendous things" for businesses, for workers, for the middle class an...
The Moores challenged the measure after they were hit with a nearly $15,000 tax bill for 2017 as a result of the law, which required them to pay levies on their share of reinvested lifetime earnings from an India-based company called KisanKraft Tools. The Moores had invested $40,000 in...
Jul 2024 Trump pledges to extend the tax cuts his administration enacted in 2017. The Tax Cuts and Jobs Act lowered the corporate tax rate from 35 to 21 percent, and Trump recently said he would like to bring down the corporate rate even further to as low as 15 percent. “We’ll do...