Tag #Trump Tax Cuts

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House Republicans' Budget Resolution to Slash Medicaid Funding

House Republicans passed a budget resolution including the largest Medicaid cut in US history, potentially impacting millions and causing hospital and nursing home closures due to a projected $612 billion funding gap over 10 years created by limiting states' ability to tax insurers and healthcare pr...

Progress

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Good Health and Well-being
foxnews.com
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Trump Tax Cuts Expiration Debate: Republicans Warn of Economic Crisis

The House Ways & Means Committee debated the expiration of President Trump's 2017 tax cuts, with Republicans warning of a potential 43.4% top tax rate for 26 million small businesses—higher than in China—while Democrats raised concerns about the deficit and benefits for the wealthy.

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Decent Work and Economic Growth
foxnews.com
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Republican Tax Cut Renewal Jeopardized by Budget Bill Split

Republican infighting threatens the renewal of Trump-era tax cuts, potentially causing tax increases for Americans and impacting domestic manufacturing; a split budget bill increases the risk of failure due to a narrow congressional majority and internal divisions, with significant long-term economi...

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52% Bias Score

Reduced Inequality
forbes.com
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House Republicans' Tax Cut Plan Faces Scrutiny Amidst Contradictory Economic Data

House Republicans propose extending tax cuts from the 2017 Tax Cuts and Jobs Act, primarily benefiting high-income households, while simultaneously cutting funding for Medicaid and SNAP, impacting vulnerable populations; this plan contradicts the supply-side economic theory underpinning the tax cuts...

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60% Bias Score

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cbsnews.com
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Trump Tax Cuts Expiration Looms: Potential for Major Tax Increases in 2026

The 2017 Tax Cuts and Jobs Act provisions, including individual tax brackets and standard deductions, are set to expire in 2025, potentially resulting in tax increases for over 60% of taxpayers in 2026 unless Congress extends them, creating a significant political and economic challenge for the inco...

Progress

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Reduced Inequality