“They'll impeach him for doing his job. But we're not gonna let that happen.” A GOP-controlled House, he said, would protect Trump’s tax cuts, eliminate taxes on tips and rebuild the military. Lead Art: Sen. Steve Daines (R-Mont.) speaks on stage during the fourth day of the...
Sen. Ron Wyden, the chairman of the Senate Finance Committee, said Trump was “throwing out lots of ideas as he goes,” but his record as president reflects an emphasis on tax breaks for the wealthy and corporations. “All these things ...
“Trump voters in red states who rely on those programs are going to love this,”quippedAlex Gonzalez, a political analyst and editor-in-chief for Latino Public Policy Foundation. “Trump wants to cut $5.6 trillion from federal programs to fund $10 trilli...
a former Goldman Sachs executive who is Trump’s top economic adviser, insisted in an interview Thursday with ABC News that “the wealthy are not getting a tax cut.”
but when pressed for details, he didn’t even lay out “ concepts of a plan .” 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 ...
that those tax cuts for the wealthy are helping the small business owner. BULLSHIT. They are, in fact, reducing the tax revenue the government takes in and thereby increasing our national debt. Republicans then want to cut out Social Security, food stamps, housing assistance, Medicare and Medic...
The tax plan aims to pump $1.5 trillion worth of breaks into the nation's economy over the next 10 years. Although the bulk of the benefits go to companies and the wealthy, ordinary folks will get something, too. The average tax reduction for the middle fifth of American taxpayers by inc...
Simply extending the individual and estate tax provisions in the legislation would reduce taxes, on average, by about $1,460 per household in 2026, according to the analysis. The reduction would be even more significant for wealthy Americans, as taxpayers in the top 0.1% ‒ those earning mo...
The biggest plus of the bill is the substantial tax cut that is provided. "But most of the cut goes to corporations and wealthy individuals, so the average person is not going to see much of a reduction. If ordinary workers don't benefit, they will not be in a position to spend more...
Former President Donald Trump sold his 2017 tax cut to the public by promising that — while most of the direct benefits went to corporations and the wealthy — working Americans would also benefit indirectly through higher wages. But while the Tax Cuts and Jobs...