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“If you make less than $100,000, Trump is about to raise your taxes,” the ad says. “Currently, you’re taxed at 10% and then 12%. He would raise that to a flat rate of 15%.”
Increasing Taxes. Trump and Harris have both said they want to address the budget deficit, but they have very different ideas for raising revenue. Again, any tax law changes they offer would ...
3. Harris wants to scale up tax credits for families and first-time homebuyers, while Trump wants to create new tax breaks. Trump’s Tax Cuts and Jobs Act expanded the child tax credit (CTC) for ...
Trump also said he would restore the state and local tax deduction, which lets taxpayers deduct such payments from their federal taxes, something that hits harder for affluent households in higher ...
And Biden wants to extend the majority of the Trump tax cuts, too, though he has advocated for hiking taxes on very high earners. Fact check: Biden said the U.S. trade deficit with China is at its ...
Sen. Ron Wyden, the top Democrat on the Finance Committee, is one of the more mild-mannered and cordial Democrats. But he did not hold back when asked whether he heard back from constituents ...
For instance, she’s endorsed raising the top individual income tax rate to 44.6% and the top long-term capital gains tax rate to 28% versus the current 20%. And on the corporate side, she’s in ...
On the campaign trail, Trump promised a variety of tax breaks, including removing the TCJA’s $10,000 cap on the deduction for state and local taxes, and eliminating taxes on tip income, overtime ...