AP FACT CHECK: Tax plan shows 2 things can be true at once

7 years, 3 months ago

AP FACT CHECK: Tax plan shows 2 things can be true at once

WASHINGTON — Two things can be true at once. It also comes with tax cuts for average people, which Democrats bypass in slamming Trump’s “betrayal” of the middle class. Pence’s praise to the boss reflects Trump’s assertion that “it’s a tax bill for the middle class,” as he often put it, but average people are not the prime beneficiaries of the tax cuts. THE FACTS: She’s ignoring all the middle-class tax cuts before 2027; that year, taxes will be slightly higher for the middle class unless the cuts are extended. Also, the tax law doesn’t repeal fines for uninsured individuals until the start of 2019, meaning the “individual mandate” is still in force for next year unless the administration acts to waive the penalties.

Associated Press

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Opinion: Trump wants to extend the 2017 tax cuts. Here’s how that would affect regular Americans

1 month, 4 weeks ago

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Trump’s own plans stand in the way of repeating his economic success

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Here’s why the cost of extending Trump’s tax cuts just surged by nearly $1 trillion

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Trump tax cuts, if made permanent, stand to benefit highest income earners, Treasury analysis shows

2 months, 3 weeks ago

Trump tax cuts, if made permanent, stand to benefit highest income earners, Treasury analysis shows

Associated Press

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'Break even more arms': GOP lobbyist not hopeful Trump can ram through tax cut extension

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3 months ago

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An analyst looks ahead to how the US economy might fare under Trump

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Trump Was Poised To Inherit A Strong Economy. Then Things Got Rocky And He Added To The Uncertainty

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Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty

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Trump’s tax cuts expire soon − study shows devastating effect they had on many

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President-elect Trump promised to extend tax cuts, but how will the government make up a $4 trillion loss of revenue?

3 months, 2 weeks ago

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'What a racket': CBO finds extending Trump tax cuts would shrink U.S. economy

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Donald Trump and Republicans in Congress eye an ambitious 100-day agenda, starting with tax cuts

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Trump and Republicans in Congress eye an ambitious 100-day agenda, starting with tax cuts

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Frustrated Americans await the economic changes they voted for with Trump

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Trump claims he’ll fight for working-class Americans. His first presidency suggests he won’t

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Big corporations used Trump tax cuts to pump $839B into buybacks and dividends: report

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Donald Trump Tax Plans Would Increase Taxes On 95% Of Americans, Analysis Finds

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Trump says he won’t tax your tips, OT or Social Security. Why critics see ‘gimmicks’ and a ‘sham’

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Trump's "all-tariff" proposal would increase middle-class taxes by up to $8,500 a year: analysis

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Trump's "all-tariff" proposal would increase middle-class taxes by up to $8,500 a year: analysis

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Trump Set To Announce Biggest Tax Increase On Americans In Decades

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Trump launches reciprocal tariffs: 26 per cent on imports from India, effective April 9

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Trump side says tariffs will raise $6 trillion, which would be largest tax hike in US history

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A $100 billion budget black hole awaits whoever wins the election

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GOP plan could mean $100B giveaway for Musk and Trump heirs

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Jim Chalmers’ budget won't spook voters, but the nation’s finances remain on scarily unsustainable footing

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Labor to push tax cuts through parliament today, forcing Coalition's hand

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'Not a one-off': Top Dem links war plans fiasco to Elon Musk's DOGE

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Australia announces surprise tax cuts as PM Albanese tries to win back voters ahead of polls

1 week, 2 days ago

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'Up in the air': GOP struggles with Trump's 'big beautiful bill' as economic cliff looms

1 week, 2 days ago

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Lt. Gov. Hosemann feigns ignorance on typo that led to tax overhaul passing by mistake

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Trump’s tariffs are inflicting serious economic damage and reigniting inflation, OECD says

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Trump’s tariffs are inflicting serious economic damage and reigniting inflation, OECD says

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