2 days ago · Because the cost of the tax cut needs to net out to $4.5 trillion, Republicans could try raising other taxes, like repealing clean energy subsidies, so they could accomplish more of Mr. Trump’s ...

5 days ago · The budget calls for up to $4.5 trillion in new deficits through tax cuts, which Republicans plan to use to extend Trump’s expiring 2017 tax law and pass other pieces of his tax agenda.

Jan 10, 2025 · On Friday, the U.S. Treasury released a new analysis of the various ways that extending the expiring individual and estate tax provisions of Trump’s 2017 tax overhaul — known as the Tax Cuts and Jobs Act — could cost the government, and who would directly benefit the most from the legislation’s permanent extension.

6 days ago · Some want more in tax cuts than what is in the blueprint while others want steeper spending cuts. RELATED COVERAGE Trump nominates Ed Martin, an ally who defended Jan. 6 rioters, to stay as top DC federal prosecutor. The anti-Musk protest movement is expected to ramp up with Congress on recess. Coins, watches and more: A look at Trump’s ...

6 days ago · This move aims to extend tax cuts that many Republicans argue are crucial for economic growth. The proposal includes $4.5 trillion in tax cuts, $1.5 trillion in spending reductions, $300 billion ...

Jan 28, 2025 · The Tax Cuts and Jobs Act of 2017 sunsets in 2025, and a new overhaul is expected. The Trump administration hopes to make key tax policy changes for both individuals and corporations, including ...

6 days ago · House Republicans unveil blueprint to extend $4.5 trillion in tax cuts and lift the debt ceiling. House Republicans have set the stage for advancing many of President Donald Trump’s top domestic ...

6 days ago · The budget proposal says that the House Ways and Means Committee can pursue up to $4.5 trillion in tax cuts, and sets a goal of cutting mandatory spending by $2 trillion. It would also increase ...

Dec 20, 2024 · In addition to extending the Tax Cuts and Jobs Act, one of his signature achievements in his first term, President-elect Donald Trump has proposed a long list of tax cuts, from eliminating taxes on...

Jan 23, 2025 · The TCJA (Tax Cuts and Jobs Act) is a sweeping tax overhaul that reduced tax rates, changed processes, and restructured individual and corporate tax frameworks.