Committee for a Responsible Federal Budget13d
Tax Cut Extension Would Only Pay for 1% to 14% of Itself
However, tax cuts are often partially self-financing. For example, CBO estimated the original 2017 TCJA would pay for 20 ...
Tax Showdown Looms Next Year. Warren Calls On Democrats to Reverse Trump Tax Cuts.
Tax cuts enacted in 2017 by Donald Trump are set to sunset next year. In the coming tax debate in Washington, Sen. Elizabeth ...
Center on Budget and Policy Priorities13d
The Pass-Through Deduction Is Skewed to the Rich, Costly, and Failed to Deliver on Its Promises
Trump tax law was skewed to the rich, eroded the revenue base, and failed to deliver its promised economic benefits. Few ...
Financial Advisor8d
Clients Might Want To 'Use Not Lose' Expiring Estate Tax Exemptions
The 2017 Tax Cuts and Jobs Act nearly doubled the lifetime estate and gift tax exemptions wealthy individuals are able to use—from $5.6 million to $11.18 million for individuals, indexed for ...
Trump plans to exempt tips from taxation
Donald Trump’s new proposal to exempt tips from taxation would add between US$150bil to US$250bil to the federal budget ...
Center on Budget and Policy Priorities2d
Executive Summary: More Revenue Is Required to Meet the Nation’s Commitments, Needs, and Challenges
To meet our commitments to seniors, make high-value investments that will improve well-being and broaden prosperity, and ...
CNN on MSN1d
Student loan relief contributing to 27% jump in projected federal budget deficit, per CBO
The federal budget deficit will hit $1.9 trillion this fiscal year, according to an updated projection released Tuesday by ...
International Business Times5d
Trump Wants To Further Reduce Corporate Tax Rate To 'Nice, Round Figure' Of 20%
Former President Donald Trump has announced his plans to further reduce the corporate tax rate, building on the cuts he ...
Increased spending pushes 2024 US budget deficit estimate to $1.9 trillion
The U.S. budget deficit will jump to $1.915 trillion for fiscal 2024, topping last year's $1.695 trillion gap as the largest ...