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The Trump administration predicted the tax cut would spur corporate capital investment and hiring. One year after enactment of the tax cut, a National Association for Business Economics survey of corporate economists found that 84% reported their firms had not changed their investment or hiring plans due to the tax cut. [177]
President Trump isn’t the only politician pushing for tax cuts. According to a recent Associated Press report, more states are considering tax cuts this year on everything from income, sales and ...
Donald Trump has returned to the White House for a second term. During his first, Trump overhauled the tax code with his 2017 Tax Cuts and Jobs Act (TCJA). Many of those provisions are set to ...
U.S. President Donald Trump holds a news conference to mark six months since the passage of the Tax Cuts and Jobs Act, in the White House East Room in Washington, U.S., June 29, 2018.
The expiration isn't a surprise: It was written into Trump's signature tax legislation from his first term, the Tax Cuts and Jobs Act (TCJA), signed into law in 2017. The TCJA's provisions ...
At the very top of Republicans’ 100-day agenda with President-elect Donald Trump in the White House and GOP lawmakers in a majority is the plan to renew some $4 trillion in expiring tax cuts.
Republicans who control the U.S. House of Representatives are trying to overcome internal differences on how to pay for President Donald Trump's sweeping tax cuts, with hardline conservatives ...
The 2017 Tax Cuts and Jobs Act (TCJA) made huge permanent cuts to corporate and business taxes while making temporary cuts to individual taxes to limit the bill’s expansionary effects on the ...