Tag #Tax Cuts

Showing 133 to 144 of 221 results

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Greece Faces Fiscal Constraints on 2026 Tax Cuts

Greece's 2026 tax cut plans face significant limitations due to EU fiscal commitments and the heavy reliance of the national budget (60% in 2023) on VAT and personal income tax, restricting the scope for substantial reductions to a few hundred million euros.

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Senate Budget Plan Omits \$3.8 Trillion in Tax Cut Costs, Raises Debt Ceiling

The Senate approved a budget blueprint that omits \$3.8 trillion in costs for extending Trump's tax cuts, raising the debt ceiling by \$5 trillion while employing a novel budgetary technique, prompting criticism of a lack of transparency and potentially setting a concerning precedent.

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States Move to Eliminate Income Taxes Amidst Economic Uncertainty

Mississippi and Kentucky are moving to eliminate income taxes, a trend among states with post-pandemic surpluses, despite risks of decreased federal funding and potential reliance on sales taxes disproportionately impacting low-income residents.

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Senate Debates Republican Budget Plan Amid Economic Uncertainty

The Senate debated a Republican budget plan late into Friday night, aiming to pass trillions in tax cuts and increased spending for border security and defense, while cutting other programs amid economic uncertainty and warnings of a potential recession; the plan is expected to pass and go to the Ho...

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Senate Approves Budget Blueprint, House Vote Looms Amidst GOP Divisions

The Senate approved a budget blueprint by a 51-48 vote Saturday morning, unlocking the next step in the reconciliation process allowing committees to begin drafting legislation on Republican priorities such as raising the debt ceiling, increasing border security and extending President Donald Trump'...

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Senate Approves Budget Resolution, Setting Stage for Trump Agenda

The Senate approved a budget resolution (52-48) that raises the debt ceiling by $5 trillion, makes Trump's 2017 tax cuts permanent, and uses reconciliation to potentially pass key Republican agenda items, after a clash of strategies between the House and Senate Republicans.

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Senate Parliamentarian Holds Key to Trump Tax Cut Bill's Fate

Senate Parliamentarian Elizabeth MacDonough's rulings on President Trump's tax cut bill will determine which provisions comply with Senate budget rules, potentially impacting its passage and future economic consequences.

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Portugal's Economic Model Faces Tariffs, Defense Spending Increase

Portugal, under Finance Minister Joaquim Miranda Sarmento, is maintaining low unemployment (6.4%), controlled inflation (2.6%), and a fiscal surplus (0.7% of GDP) through tax cuts and controlled spending, while facing potential negative impacts from US tariffs and needing to increase defense spendin...

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Senate Republicans Begin "Vote-a-Rama" on Budget Including $1.5 Trillion in Tax Cuts

The Senate is set to begin a "vote-a-rama" on a Republican budget blueprint that includes making Trump-era tax cuts permanent, authorizing $1.5 trillion in additional tax cuts, and raising the debt ceiling by up to $5 trillion, using reconciliation to bypass the 60-vote threshold.

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Senate Passes Republican Budget Plan Amidst Democratic Opposition

The Republican-controlled Senate passed a budget plan including $7 trillion in tax cuts, increased border security, and spending cuts, despite Democratic opposition which plans to use the plan in the 2026 election cycle. The plan passed without any Democratic support and includes controversial tarif...

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Senate Approves Budget Blueprint with Trillion-Dollar Tax Cuts and Spending Increases

The Republican-controlled Senate voted 52-48 to advance a budget plan that includes massive tax cuts, increased military and immigration spending, and a $5 trillion debt limit hike, potentially increasing the national deficit substantially; the plan now moves to an amendment process before a final v...

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Senate Republicans Seek to Bypass Parliamentarian on Tax Cut Plan

Senate Republicans are considering a plan to make President Trump's tax cuts permanent at a $0 cost, bypassing the Senate parliamentarian and potentially violating budget reconciliation rules, while Democrats warn of significant implications for the national debt and legislative norms.

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Showing 133 to 144 of 221 results