Republicans Advance Trump's Tax Cut Plan
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Almost all of the cuts that Republicans hope to pass in the coming weeks will last only until President Trump is set to leave office.
The cost of Republican lawmakers’ draft plan for sweeping tax cuts weighed in at $3.8 trillion over the next 10 years in one official estimate. The reality is likely much higher, thanks to the use of budget and political tools designed to minimize the appearance of the fiscal hit,
The House Ways and Means Committee voted 26-19 to approve the tax part of the legislation after a marathon markup meeting that lasted more than 17 hours.
Analysis of the Republican bill's cuts to clean energy tax credits predicts a sharp drop in clean energy and EV sales and rising energy costs and emissions.
Canada will cut the lowest personal income tax rate to 14% from 15% on July 1, but Prime Minister Mark Carney’s new government won’t release a budget before the summer months.
Three key panels are addressing some of the thorniest issues poised to make or break the Republicans' massive bill for Trump's agenda.
An expansion of the child tax credit and new “MAGA savings accounts” for children are among the proposals in President Donald Trump’s budget.
The package of bills seeks to pay for the extended tax cuts by making controversial reductions to entitlement programs and food aid.