That’s because the 2017 tax-code revamp doubled the child tax credit to $2,000 and increased the standard deduction but eliminated or reduced personal exemptions and several other deductions that many middle-class households had relied on. The analysis shows...
INDIANAPOLIS (AP) — Promising a “middle class miracle,” President Donald Trump on Wednesday was in full salesman mode as he tried to build momentum behind his plan to overhaul the nation’s tax code and revive his moribund legislative agenda. Hours after the White House and congressional Rep...
WASHINGTON * President Donald Trump vowed to deliver on a major tax cut for middle-class...Gordon, MarcyThomas, Ken
Ali Velshi compares the economic plans of Kamala Harris and Donald Trump, noting that Trump's tariff plan will be tantamount to a new tax on the middle class because of increased costs passed to consumers, and contrary to political ...
Ever since Congressional Republicans passed the Tax Cuts and Jobs Act (TCJA) in 2017, the left has sought to portray the tax cuts as a bad deal for the middle class. Now that they have taken back Congress, Democrats on Capitol Hill are holding a hearing on Wednesday to “examine how the...
WASHINGTON, Oct. 31 (Xinhua) -- U.S. President Donald Trump and a top House Republican responsible for tax policy pledged on Wednesday to push a tax cut for middle-class families next year. "We are committed to delivering an additional 10 percent tax cut to middle-class workers across the...
Donald Trump on Thursday brought up the idea of imposing an “all tariff policy” that would ultimately enable the U.S. to get rid of the income tax, sources in a private meeting with the Republican presidential candidate told CNBC.
Ha ha ha: President Trump recently announced plans to impose a 10 percent tax on $200 billion of imports from China effective September 24, escalating to...
Trump plans a tax hike on the middle class by 5%. Here's how you can prepare to keep more of your money under a Donal Trump tax plan.
Hillary Clinton just admitted to a big tax hike, at least according to Donald Trump. The Trump campaign sent an email blast to supporters embedded with avideoof a Clinton event in Omaha, Neb., entitled, "Hillary Clinton says she wants to ‘raise taxes on the middle cla...