Tag #Tax Cuts

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House GOP Tax Cuts Package: Permanent Extensions and Temporary Relief

The House Republicans' proposed tax cuts package, if passed before Memorial Day, would permanently extend most individual income tax breaks from the 2017 Tax Cuts and Jobs Act, providing temporary relief to parents, seniors, and tipped workers while potentially increasing taxes for some low-income h...

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abcnews.go.com
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House Republicans Push \$5 Trillion Tax Cut Bill Amidst Protests and Budgetary Concerns

The House is debating a Republican bill with over \$5 trillion in tax cuts, offset by cuts to Medicaid, food stamps, and green energy programs, causing protests and potentially impacting millions; the bill also increases the debt limit by \$4 trillion.

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theglobeandmail.com
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U.S. Budget Deficit Hits $1.2 Trillion Amidst Tax Cut Debate

The U.S. faces a $1.2 trillion budget deficit despite tariff de-escalation, driven by proposed tax cuts and spending increases, exceeding military spending and raising concerns about long-term economic stability.

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House Republicans Face Showdown Over Trump's 'One Big, Beautiful Bill'

House Republicans face a crucial week attempting to pass President Trump's sweeping tax and spending cuts package, "The One, Big, Beautiful Bill," amid internal divisions over Medicaid, SALT deductions, and overall spending, requiring near-total unity for passage.

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Former Trump Aide Opposes Tax Hikes on Wealthy Americans

Marc Short, former Trump administration aide, opposes proposed tax increases on high-income earners, arguing it would harm job creation and small businesses, contrasting it with the 2017 Tax Cuts and Jobs Act, while conservative groups express similar concerns.

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forbes.com
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Proposed Drug Patent Cuts Threaten Medical Innovation

Congress is considering reducing patent protection for pharmaceutical drugs to offset tax cuts, potentially hindering development of life-saving medications due to increased financial risk in research and development, impacting future medical innovation and patient care.

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foxnews.com
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AFP Launches $20 Million Campaign to Preserve Trump Tax Cuts Ahead of 2026 Midterms

Americans for Prosperity (AFP) is launching a $20 million "Protect Prosperity" campaign to extend the 2017 Tax Cuts and Jobs Act, organizing a day of action on Saturday in competitive congressional districts in Arizona, Iowa, Michigan, and Pennsylvania to pressure lawmakers to preserve Trump's tax c...

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nbcnews.com
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House Debates Trump Agenda Package Amidst Internal Republican Divisions

The House is debating President Trump's agenda package, which includes tax cuts, changes to Medicaid and the SALT deduction, and potential SNAP benefit reductions; disagreements within the Republican party could prevent its passage before the Memorial Day recess.

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cnn.com
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House Republicans Face Divisions Over Trump's 'One Big, Beautiful Bill'

House Republicans are working to pass President Trump's "One Big, Beautiful Bill," a sweeping tax and spending cuts package, facing internal divisions over Medicaid cuts, the SALT deduction cap, and other provisions; the bill's fate depends on Speaker Mike Johnson's ability to unite his party and se...

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Partial Trump Tax Plan Released, Key Issues Remain

House Republicans unveiled part of President Trump's tax plan, increasing the child tax credit to $2,500, raising the estate tax exemption to $15 million, and aiming to make the 2017 Tax Cuts and Jobs Act permanent, while leaving key issues like SALT deductions unresolved.

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foxnews.com
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House Republicans Face Tight Deadline on Tax Cut, Spending Bill

House Republicans are racing to pass a bill that cuts taxes and spending by Memorial Day, facing internal disagreements and Democratic opposition over proposed cuts to entitlement programs and the SALT deduction, with the bill's passage impacting the federal budget and various government programs.

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forbes.com
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US States Slash Taxes Amid Heightened Competition

Several US states recently enacted significant tax law changes: Montana's largest income tax cut, South Carolina and North Carolina's potential flat income tax rates of 1.99%, and Oklahoma's phased income tax elimination. Texas is enhancing its R&D tax credit to 8.722% (10.903% with universities).

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Decent Work and Economic Growth

Showing 109 to 120 of 221 results