Trump’s promised laundry list of tax goodies gets a reality check
Trending News
3 weeks, 5 days ago

Trump’s promised laundry list of tax goodies gets a reality check

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The Senate preferred to pass two bills, with the first focusing on beefing up spending for the border, energy exploration and the military while the second bill would focus on extending the Trump tax cuts. But there’s another part that could trip up the Republicans: how to reconcile their plan to extend the Trump tax cuts with Trump’s grab bag of campaign promises to eliminate various taxes. open image in gallery Senate Majority John Thune now has to grapple with including as many of Trump’s campaign promises and making the president’s tax cuts permanent But there simply is not enough money in the budget resolution to include all of these promises without exploding the deficit. And the Committee for a Responsible Budget has estimated that extending those tax cuts along with Trump’s proposals on removing taxation on tips, Social Security and overtime as well as removing the SALT cap could cost anywhere from $5 trillion to $11.2 trillion.

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History of this topic

'I want more': Republicans push for bigger IRS cuts amid fears of tax season chaos
3 weeks, 4 days ago

'I want more': Republicans push for bigger IRS cuts amid fears of tax season chaos

Raw Story  

WASHINGTON — If you thought slashing 6,700 jobs at the IRS was a lot, you ain’t seen nothing yet. “I don't look at them as really a friend to anybody” In January 2023, after Republicans were swept back into power in the House of Representatives, one of the first measures Speaker Kevin McCarthy brought to the House floor stripped the …

Trump-Zelensky meeting: The Oval Office shouting match was a setup.
3 weeks, 4 days ago

Trump-Zelensky meeting: The Oval Office shouting match was a setup.

Slate  

What if we told you that Republicans could make the deficit impact of these tax cuts all disappear, on paper, with one neat accounting trick? This means that since, under current law, the 2017 Trump tax cuts are scheduled to expire at the end of this year, it would add ~$4.5 trillion to the deficit to extend them another decade. …

Republicans Plan To Hide Cost Of Tax Cuts With 1 Weird Trick
3 weeks, 5 days ago

Republicans Plan To Hide Cost Of Tax Cuts With 1 Weird Trick

Huff Post  

LOADING ERROR LOADING WASHINGTON – Republicans have a math problem with the massive proposed tax cut package at the center of President Donald Trump’s legislative agenda. They want to use the “current policy” baseline, which assumes tax cuts — like the deficit-busting ones Republicans passed in 2017, the last time Trump was president — will simply be extended permanently even …

Trump’s spending bill may face a big problem: Disgruntled Senate Republicans
3 weeks, 6 days ago

Trump’s spending bill may face a big problem: Disgruntled Senate Republicans

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Senate Majority Leader John Thune described the budget resolution that the House passed as …

What’s next for Trump agenda after House GOP approves tax breaks and slashed spending in budget
Trending News
1 month ago

What’s next for Trump agenda after House GOP approves tax breaks and slashed spending in budget

Associated Press  

WASHINGTON — Now that House Republicans have passed an ambitious budget blueprint for President Donald Trump’s agenda, its time for the hard work of turning ideas for $4.5 trillion in tax cuts and $2 trillion of slashed spending into a bill that lawmakers warn could bring intense changes to Americans back home. “How can anyone show their face in their …

Mike Johnson delivers win for Trump as House narrowly passes GOP budget framework calling for steep cuts
Trending News
1 month ago

Mike Johnson delivers win for Trump as House narrowly passes GOP budget framework calling for steep cuts

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Republican-controlled House of Representatives voted to adopt a budget …

Trump’s agenda passed its first hurdle. Now comes the hard part
1 month ago

Trump’s agenda passed its first hurdle. Now comes the hard part

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. House Speaker Mike Johnson had called for a vote on a budget resolution to …

House GOP pushes 'big' budget resolution to passage, crucial step toward delivering Trump's agenda
1 month ago

House GOP pushes 'big' budget resolution to passage, crucial step toward delivering Trump's agenda

Deccan Chronicle  

Washington: With a push from President Donald Trump, House Republicans sent a GOP budget blueprint to passage Tuesday, a step toward delivering his “big, beautiful bill” with $4.5 trillion in tax breaks and $2 trillion in spending cuts despite a wall of opposition from Democrats and discomfort among Republicans. Trump had invited several dozen Republicans to the White House, including …

Trump's 'big, beautiful bill' one step closer to reality as GOP pushes budget resolution – Firstpost
1 month ago

Trump's 'big, beautiful bill' one step closer to reality as GOP pushes budget resolution – Firstpost

Firstpost  

Trump wants the Republicans who control Congress to pass a large plan that would extend tax advantages that he got during his first term but would expire later this year, while simultaneously lowering expenditure on federal programs and services President Donald Trump pushed House Republicans to pass a GOP budget blueprint on Tuesday, a step towards delivering his “big, beautiful …

Johnson insists Republicans won’t cut entitlements to pay for Trump’s agenda
1 month ago

Johnson insists Republicans won’t cut entitlements to pay for Trump’s agenda

CNN  

CNN — House Speaker Mike Johnson vowed Wednesday that Republicans will not make cuts to Medicaid, Medicare or Social Security as they work to pass – and pay for – President Donald Trump’s sweeping legislative agenda. Now that said, what we are going to do is go into those programs and carve out the fraud, waste and abuse, and find …

Trump agenda faces reality check in Congress vote
1 month ago

Trump agenda faces reality check in Congress vote

Raw Story  

by Asad HASHIM U.S. President Donald Trump's radical agenda on everything from immigration to tax reform faces a key reality test in Congress on Tuesday, where Republicans have only an ultra-thin majority and are struggling to agree on a budget. - 'Big beautiful bill' - Ultimately, the debate on the resolution boils down to where the more than $1.5 trillion …

After GOP passes budget resolution, Congress to-do list only gets tougher from here
1 month ago

After GOP passes budget resolution, Congress to-do list only gets tougher from here

NPR  

After GOP passes budget resolution, Congress to-do list only gets tougher from here toggle caption Andrew Harnik/Getty Images President Trump's domestic agenda cleared a decisive test in the House on Tuesday, as Republicans overcame bitter internal divides to pass the framework for a multitrillion dollar plan to address defense, energy, immigration and tax policy. Sponsor Message The budget framework included …

Cutting Medicaid and raising the debt limit: Mike Johnson struggles to get Republicans behind Trump’s budget
Trending News
1 month ago

Cutting Medicaid and raising the debt limit: Mike Johnson struggles to get Republicans behind Trump’s budget

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. With a Rules Committee vote today and a full vote planned on the floor …

Can Donald Trump really return part of DOGE's savings to taxpaying households? Here's what experts say
1 month ago

Can Donald Trump really return part of DOGE's savings to taxpaying households? Here's what experts say

Hindustan Times  

There is an ongoing idea that a portion of the US government's savings made by Elon Musk's Department of Government Efficiency can be distributed to taxpaying households, which amounts to $5,000 per household. US President Donald Trump speaks next to Elon Musk and X Æ A-12, Musk's son, in the Oval Office of the White House in Washington. This originally …

The House Wants to Pass Trump’s Agenda in One Big Bill. Here’s What’s in It.
1 month ago

The House Wants to Pass Trump’s Agenda in One Big Bill. Here’s What’s in It.

New York Times  

The House Wants to Pass Trump’s Agenda in One Big Bill. Spending overseen by the committee $24.6 trillion Medicaid Medicare Other Cuts required $880 billion Spending overseen by the committee $24.6 trillion Medicaid Medicare Other Cuts required $880 billion Each square represents $250 billion in 10-year gross mandatory spending. Spending overseen by the committee Cuts required $1.5 trillion $230 billion …

House Republicans split over Medicaid changes to pay for Trump tax cuts
1 month ago

House Republicans split over Medicaid changes to pay for Trump tax cuts

NPR  

House Republicans split over Medicaid changes to pay for Trump tax cuts The House GOP budget resolution relies on significant cuts to Medicaid. ADRIAN FLORIDO, HOST: House Republicans are crafting a budget package that includes President Trump's top agenda items - boosting border security and extending his tax cuts. WALSH: So the House Republican budget calls for up to $2 …

Trump Endorses House Budget Plan With Medicaid Cuts
1 month, 1 week ago

Trump Endorses House Budget Plan With Medicaid Cuts

Huff Post  

LOADING ERROR LOADING WASHINGTON ― President Donald Trump has finally picked a side in the standoff between House and Senate Republicans over how best to enact his agenda. “The House and Senate are doing a SPECTACULAR job of working together as one unified, and unbeatable, TEAM,” Trump wrote, “however, unlike the Lindsey Graham version of the very important Legislation currently …

Senate GOP pushes ahead with budget bill that funds Trump’s mass deportations and border wall
Trending News
1 month, 1 week ago

Senate GOP pushes ahead with budget bill that funds Trump’s mass deportations and border wall

Associated Press  

WASHINGTON — Senate Republicans pushed ahead late Tuesday on a scaled-back budget bill, a $340 billion package to give the Trump administration money for mass deportations and other priorities, as Democrats prepare a counter-campaign against the onslaught of actions coming from the White House. On a party-line vote, 50-47, Republicans launched the process, skipping ahead of the House Republicans who …

How Democrats Plan To Make Republicans Squirm On Tax Cuts, DOGE
1 month, 1 week ago

How Democrats Plan To Make Republicans Squirm On Tax Cuts, DOGE

Huff Post  

LOADING ERROR LOADING WASHINGTON ― Senate Democrats will force Republicans to take tough votes this week aimed at reversing President Donald Trump’s cuts to popular government programs and his plans to lower taxes for the wealthy. The Democratic amendments will focus on three specific areas: Republican plans for tax cuts for the wealthy, how Republicans intend to pay for those …

Opinion: Extend Trump’s 2017 tax cuts to promote growth, but cut spending too
1 month, 1 week ago

Opinion: Extend Trump’s 2017 tax cuts to promote growth, but cut spending too

LA Times  

Sen. Mitch McConnell was majority leader when President Trump’s first-term tax reform passed in 2017. While the upfront cost of the tax cuts back in 2017 was $1.5 trillion, on paper, to make them permanent could cost $4.6 trillion. To the extent that the 2017 cuts spurred growth and higher revenue, that was mostly the product of the permanent reduction …

Trump’s 2017 tax cuts expire soon − study shows they made income inequality worse, especially hurt Black Americans
1 month, 1 week ago

Trump’s 2017 tax cuts expire soon − study shows they made income inequality worse, especially hurt Black Americans

New Indian Express  

Broken promises, broken trust Fairness is an article of faith in American tax policy. Just like prior “trickle down” plans, Trump’s corporate tax cuts did not produce higher wages or increased household income. Stock market inequality Trump’s tax cuts also increased income and wealth disparities by race because those corporate tax savings have gone primarily to wealthy shareholders rather than …

'Rips healthcare away': Dem blasts $4.5T tax cuts advanced by GOP-led House Budget panel
1 month, 1 week ago

'Rips healthcare away': Dem blasts $4.5T tax cuts advanced by GOP-led House Budget panel

Raw Story  

The Republican-led House Budget Committee has advanced a "fiscal framework" that calls for $4.5 trillion in tax cuts, NBC News and Politico reported late Thursday. The budget resolution notably includes flexibility to increase tax cuts if deficit reduction exceeds $2 trillion. Rep. Jodey Arrington, the Budget Committee chair, told NBC News the budget resolution provides the "fiscal framework for what …

Republicans Say Debt Is Destroying America, But Their Budget Plan Could Balloon It
1 month, 1 week ago

Republicans Say Debt Is Destroying America, But Their Budget Plan Could Balloon It

Huff Post  

LOADING ERROR LOADING WASHINGTON — The national debt has become a rallying cry for Republicans as they seek to dismantle the federal government, justifying the possibly illegal elimination of life-saving foreign aid, consumer protections and cancer research at the hands of President Donald Trump’s administration and Elon Musk’s so-called Department of Government Efficiency. But the cost-cutting pursued by Musk and …

'Don’t think the numbers are real': GOP senator joins Dems in doubting Senate's budget
1 month, 1 week ago

'Don’t think the numbers are real': GOP senator joins Dems in doubting Senate's budget

Raw Story  

WASHINGTON — The Senate began its budgeting process after waiting several weeks for the House to move forward with its process. "An $800 billion discrepancy, if I don't get a good explanation for that, I can't vote for the legislation," Paul added. "Well, let's be clear right now, Republicans have a majority in the House, a majority in the Senate, …

House Republicans Eye Big Cuts To Medicaid And Food Assistance
1 month, 2 weeks ago

House Republicans Eye Big Cuts To Medicaid And Food Assistance

Huff Post  

WASHINGTON — House Republicans on Wednesday unveiled a broad outline of their plans for the federal budget, using cuts to social programs to help pay for trillions of dollars in tax cuts. What we’re doing is the right thing by the people.” But the cuts the new budget document envisions would likely require savings well beyond what adding work requirements …

House Republicans unveil blueprint to extend $4.5 trillion in tax cuts and lift the debt ceiling
1 month, 2 weeks ago

House Republicans unveil blueprint to extend $4.5 trillion in tax cuts and lift the debt ceiling

Associated Press  

WASHINGTON — House Republicans released a budget plan Wednesday that sets the stage for advancing many of President Donald Trump’s top domestic priorities, providing for up to $4.5 trillion in tax cuts and a $4 trillion increase in the debt limit so that the U.S. can continue financing its bills. Even as some programs would be cut, money would be …

Trump has a plan to lower inflation. It’s just delayed
1 month, 2 weeks ago

Trump has a plan to lower inflation. It’s just delayed

CNN  

CNN — President Donald Trump made a campaign promise to lower prices on Day One. But the bad inflation report also depicts a difficult political reality for the new president: Prices aren’t falling now that Trump is in office; they’re actually rising faster. The Committee for a Responsible Federal Budget last week estimated Trump’s tax cuts would cost between $5 …

USAID Costs $40 Billion A Year. GOP Tax Cuts Could Total $11 Trillion Over A Decade.
1 month, 2 weeks ago

USAID Costs $40 Billion A Year. GOP Tax Cuts Could Total $11 Trillion Over A Decade.

Huff Post  

LOADING ERROR LOADING WASHINGTON — The Trump administration is demolishing the U.S. Agency for International Development as part of a broader quest to slash federal spending, but the $40 billion saved by cutting foreign aid is a drop in the bucket next to the tax cuts Republicans are planning. House Republicans are getting ready to unveil a package of tax …

House GOP rushing to produce Trump’s big budget bill with tax cuts, program cuts and other promises
1 month, 2 weeks ago

House GOP rushing to produce Trump’s big budget bill with tax cuts, program cuts and other promises

Associated Press  

WASHINGTON — House Republicans are working overtime after a lengthy White House meeting to meet President Donald Trump’s demand for a big budget package that includes some $3 trillion in tax breaks, massive program cuts and a possible extension of the nation’s debt limit. “We’re really grateful to the president for leaning in and doing what he does best, and …

Trump meets with congressional Republicans as GOP lawmakers argue over tax and spending cuts
Trending News
1 month, 2 weeks ago

Trump meets with congressional Republicans as GOP lawmakers argue over tax and spending cuts

Associated Press  

WASHINGTON — President Donald Trump hosted an unusually long meeting with House Republicans at the White House on Thursday, turning over prime workspace for them to hammer out differences over the size, scope and details of their multitrillion-dollar plan to cut taxes, regulations and government spending. “We’re really grateful to the president for leaning in and doing what he does …

Opinion: Trump wants to extend the 2017 tax cuts. Here’s how that would affect regular Americans
1 month, 2 weeks ago

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

LA Times  

The tax cuts enacted under the first Trump administration largely expire at the end of 2025. President Trump and his fellow Republicans are eager to extend them, but doing so without concurrent spending cuts would raise deficits by more than $5 trillion through 2035. If an extension of the tax cuts were financed by reducing federal assistance equally across households, …

Opinion: ‘Personnel is policy,’ and Trump’s economic pick is a good sign
1 month, 3 weeks ago

Opinion: ‘Personnel is policy,’ and Trump’s economic pick is a good sign

LA Times  

The fate of President Trump’s ambitious economic policy plans will be determined in part by the people he appoints to critical positions. With a debt of over $36 trillion, inflation not resolved, an entitlement crisis looming and the need to extend the president’s 2017 tax cuts, we’d better hope that the cooler, more experienced heads prevail. It’s a long list …

Trump’s move to put tariff hikes ahead of tax cuts has spooked almost everyone
1 month, 3 weeks ago

Trump’s move to put tariff hikes ahead of tax cuts has spooked almost everyone

Live Mint  

President Trump’s aggressive move to place tariffs on hundreds of billions of dollars in imports, ranging from crude oil and auto parts from Canada to Mexican avocados and raspberries has rattled investors, economists and some lawmakers, who are all wondering: What exactly is the goal? Larry Summers, the former U.S. Treasury secretary under President Bill Clinton, said that Trump’s move …

House GOP floats plan to slash benefits for the poor to pay for Trump tax cuts
1 month, 3 weeks ago

House GOP floats plan to slash benefits for the poor to pay for Trump tax cuts

Raw Story  

One of the hallmarks of Donald Trump’s presidential campaign was a promise of sweeping tax cuts, for the rich, for working people and for companies alike. To pay for new tax cuts, the House Republicans’ proposal floats a series of potential overhauls of government programs. His visit to the House Retreat was a sign that he wants to prioritize unity …

Here’s what stands in the way of Trump’s ‘big, beautiful’ tax and border bill
1 month, 3 weeks ago

Here’s what stands in the way of Trump’s ‘big, beautiful’ tax and border bill

Live Mint  

House Speaker Mike Johnson said he was aiming to have a blueprint for a budget soon. President Trump wants Congress to pass “one big, beautiful bill" that would extend expiring tax cuts and provide money for border enforcement. The actual budget deficit due to extending tax cuts would be the same no matter which way they count, but Crapo’s approach …

Republicans crafting Trump’s big bill hit a familiar roadblock: How to pay for it
1 month, 3 weeks ago

Republicans crafting Trump’s big bill hit a familiar roadblock: How to pay for it

Associated Press  

DORAL, Fla. — After fours years of criticizing growing government deficits under Joe Biden, Republicans now have a math problem of their own — how to offset the multitrillion-dollar cost of extending and expanding the tax cuts they passed in President Donald Trump’s first term. Seeking to rally support in a speech Monday evening, Trump exhorted Republicans to stick together …

Trump is making unilateral cuts because his party won't pass them: senator
1 month, 3 weeks ago

Trump is making unilateral cuts because his party won't pass them: senator

Raw Story  

President Donald Trump put a stop to several budget items that directly impact Americans, including some of his own supporters, on Tuesday when he announced a temporary freeze on spending. Sen. Tim Kaine said Trump is making this move because his party doesn't support passing a budget that makes such cuts. Speaking to MSNBC's Nicolle Wallace on Tuesday, Kaine said …

Economist slams Trump’s latest tax cut demand as 'major strategic error'
1 month, 3 weeks ago

Economist slams Trump’s latest tax cut demand as 'major strategic error'

Raw Story  

President Donald Trump on Monday urged the House of Representatives to renew his tax cuts. This comes as the GOP-controlled Congress attempts "to overcome internal differences on how to pay for" the president’s "sweeping tax cuts, with hardline conservatives determined to reduce an annual federal deficit approaching $2 trillion," according to Reuters. Aisha's Hanse, a senior national correspondent for Fox …

A critical look at Trump’s economic plans
1 month, 3 weeks ago

A critical look at Trump’s economic plans

Live Mint  

The second presidency of Donald Trump is off to a wild start. He will get his way because Congress decades ago ceded much of its constitutional authority over tariffs to the president under the International Emergency Economic Powers Act of 1977. And hey, doesn’t economic growth near 3%, unemployment at 4% and inflation under 3% sound like an economic emergency …

The high opportunity cost of Trump's economy
1 month, 3 weeks ago

The high opportunity cost of Trump's economy

Salon  

President Donald Trump is returning to the White House with the strongest economy in the world; unemployment is low, inflation continues to trend downward and growth is accelerating. The cumulative effects of all of these policies will be terrible for Latinos, which could leave many feeling a sense of buyer's remorse for voting for Trump. Democrats must aggressively show how …

Trump details his costly congressional wishlist
1 month, 3 weeks ago

Trump details his costly congressional wishlist

Politico  

Trump, for instance, outlined a series of expensive immigration policy moves, including a “massive increase” in detention beds, additional support for ICE as agents ramp up deportations, “full” border security funding and completion of the wall at the southern border. “We don’t want to get hung up on the budget process … whether it’s one bill, two bills, I don’t …

Lots of tax cuts, not a lot of growth?
1 month, 3 weeks ago

Lots of tax cuts, not a lot of growth?

Politico  

Lots of tax cuts, not a lot of growth? This probably should be no surprise — “no tax on tips” was the first of Trump’s various targeted tax cut ideas from the campaign, the one that got the most attention and also happens to poll pretty well. It’s also not an idea that Republicans can necessarily count on for lots …

Ron Johnson’s crusade for simplicity
2 months ago

Ron Johnson’s crusade for simplicity

Raw Story  

Back during President Donald Trump’s first administration, Wisconsin Republican Sen. Ron Johnson was known as Trump’s most reliable ally in the U.S. Senate. He cast the deciding vote for Trump’s tax code rewrite giving corporations tax cuts worth $1.4 billion — but only after he arm-twisted Trump and Congress into including special benefits for so-called “pass-through” corporations — companies like …

How Republicans could pay for Trump agenda and how it could hit your wallet
2 months ago

How Republicans could pay for Trump agenda and how it could hit your wallet

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy President Donald Trump’s lofty agenda to tackle immigration, cut taxes …

Why Trump's tariff promises will be hard to keep
2 months, 1 week ago

Why Trump's tariff promises will be hard to keep

NPR  

Why Trump's tariff promises will be hard to keep toggle caption Scott Olson/Getty Images Donald Trump made a new, big promise last week about tariffs — the latest in a string of outsized pledges to use tariffs to benefit the United States. Sponsor Message The goals for tariffs: revenues, jobs, and the war on drugs One of Trump's big tariff …

Republicans weigh 'magical thinking' to fund Trump's tax cuts: report
2 months, 1 week ago

Republicans weigh 'magical thinking' to fund Trump's tax cuts: report

Raw Story  

Republicans were reportedly resorting to "magical thinking" to push through an extension of President-elect Donald Trump's 2017 tax cuts, set to expire this year. The Tax Cuts and Jobs Act, signed into law by Trump in December 2017, was the largest tax code overhaul in decades, making sweeping changes to individual and corporate income taxes. "Congress will face a roughly …

CBO projects US debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts
2 months, 1 week ago

CBO projects US debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts

Associated Press  

WASHINGTON — The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump. Still, annual budget deficits are expected to be equal to 6.1% of U.S. gross domestic product in 2035, which the CBO noted is “significantly more …

Trump’s own plans stand in the way of repeating his economic success
2 months, 1 week ago

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

Live Mint  

Sometimes the order in which you do things makes all the difference. “Trump’s economic agenda is initially negative for the economy, while ‘growth positive’ factors are back-end loaded to the end of 2025 and beyond," Longview Economics wrote in a note. That could mean an abrupt, negative shock to the economy, perhaps an order of magnitude greater than the total …

Trump wants to cut taxes. So do governors and lawmakers in some states
2 months, 1 week ago

Trump wants to cut taxes. So do governors and lawmakers in some states

Associated Press  

— President-elect Donald Trump has proposed trillions of dollars of tax cuts for individuals and businesses. The movement for more tax cuts comes after most states already have slashed income, sales or property taxes in recent years, and it’s pressing ahead even though state revenue growth has been slowing or stagnating. In 18 states and the District of Columbia, federal …

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