Senate Republicans breaking norm to advance Trump's tax cuts
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Associated Press News |
After a long wait, the Senate is launching action on President Donald Trump’s ”“big, beautiful bill” of tax breaks and spending cuts.
Reuters |
U.S. Senate Republicans on Wednesday released a revised version of their blueprint to advance President Donald Trump's tax cut agenda that moved closer to a House of Representatives goal of $2 trillio...
Reuters |
it is also hitting some of the world's poorest nations hardest.
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Senate Republicans are looking to change how extending many of Trump’s 2017 tax cuts would be scored when it comes to future federal deficits. The Congressional Budget Office has projected that extending the cuts would increase deficits by nearly $4 trillion over the coming decade.
2don MSN
Top households are grabbing a larger share of the nation's wealth, a trend experts say could accelerate due to tax cuts and tariffs, experts say.
The GOP budget framework employs controversial accounting maneuver and conflicts with a competing House plan.
New legislation would make it easier for municipalities to cut local grocery taxes, but with a majority of some city budgets dependent on sales tax, few are expected to follow.
DeSantis also proposed a "Second Amendment Summer" sales-tax holiday between Memorial Day and the Fourth of July that would temporarily remove sales taxes on ammunition, firearms and related items.
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The Trump administration is cutting hundreds of thousands of federal jobs to save money. At one federal agency, the cuts may actually cost money.