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A three-day meeting of U.S. House Republicans, meant to jumpstart President Donald Trump's $4 trillion tax cut agenda, ended on Wednesday without a deal as party fiscal hawks refused to move ahead ...
When Congress first passed the Trump tax cuts in 2017, 12 House Republicans voted against the bill.But Republicans had a far larger majority then and could afford to lose some internal support. In ...
(The Center Square) – At a press briefing this week, White House Press Secretary Karoline Leavitt confirmed that President Trump supports both tax cuts and spending cuts, aligning with calls ...
A top fiscally conservative political advocacy group is launching a $20 million campaign to urge Congress "to protect prosperity" by renewing the Trump tax cuts, which expire this year.
Signed into law Dec. 22, 2017, the Tax Cuts and Jobs Act (TCJA) -- informally known as the Trump tax cuts -- contained a number of changes to individual tax rates that are set to expire after 2025....
“Assessing the Trump administration’s tax cuts from an economic standpoint is crucial when considering the middle class in key states,” said Hector Castaneda, CPA, principal at Castaneda CPA ...
The New York Times reported in August 2019 that: "The increasing levels of red ink stem from a steep falloff in federal revenue after Mr. Trump's 2017 tax cuts, which lowered individual and corporate tax rates, resulting in far fewer tax dollars flowing to the Treasury Department. Tax revenues for 2018 and 2019 have fallen more than $430 ...
Because the law cut the top individual income tax rate from 39.6% to 37%—which applies to individuals making $578,126 and up—most of the benefits of the individual tax cuts have gone to the ...