Tax Cut, national debt

U.S. Faces Record Debt Levels as Republicans Plan Tax Cuts
The new budget forecasts predicted that the United States will record a $1.9 trillion budget deficit this fiscal year and that annual deficits over the next decade will total $21.1 trillion. That will be piled on to a national debt that currently exceeds $36 trillion.
CBO projects US debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts
The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump. The nonpartisan Congressional Budget Office released its 10-year budget outlook on Friday that showed a slightly brighter picture as
Republicans may try budget math that doesn’t count Trump tax cuts
Extending the tax law that’s set to expire would add $4.6 trillion to the national debt — so some GOP lawmakers want to change the rules.
'Warning for Trump' as bond markets call bluff on GOP tax cut plan: reports
President-elect Donald Trump has put maintaining his massive 2017 tax cut at the top of his economic agenda, but there are indications that Republicans will have to pay for them with massive spending cuts to the federal budget if they want to avoid triggering major interest rate increases on
House Budget Republicans eye more than 200 spending cuts, tax changes for major bill
Republicans on the House Budget Committee are considering more than 200 potential budget cuts, tax breaks, tariffs and changes to programs like Medicare and Social Security in preparation for
CBO Projects U.S. Debt to Surge $23.9T, Excluding Tax Cuts by Trump
The U.S. national debt is projected to surge by $23.9 trillion over the next decade, according to the Congressional Budget Office.
What Did the Trump Tax Cuts Do? Nobody Really Knows.
Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law.
Policy nerds don’t like her tax cut
“The key is whether the state is willing to restrain spending growth elsewhere,” Andrew Rein, president of the Citizens ...
A Major Cut To Capitol Gains Tax Would Turbocharge The Economy
A substantial cut in the capital gains tax would make President-elect Trump’s upcoming tax bill very beautiful indeed.
Dan Haar: Lamont will pitch a tax cut in Connecticut next month. Here's what that means
A cut in Connecticut taxes has not been widely discussed at the Capitol this year amid spending battles, but Gov. Ned Lamont ...
Georgia Gov. Brian Kemp wants to again speed up income tax cuts
Georgia Gov. Brian Kemp wants to again speed up state income tax cuts. The Republican also warned lawmakers Thursday in his ...
Budget: Walz pitches state's first sales tax cut, reduction in disability waiver spending
In regards to the statewide sales tax, Walz is proposing a .75% reduction to the tax rate alongside provisions to expand the ...
Treasury secretary nominee Bessent favors tax cuts, China tariffs, Russia sanctions
President-elect Donald Trump's Treasury secretary nominee Scott Bessent favors imposing tariffs on China, sanctions on Russia ...
Bessent Says US Barreling to Crisis If Tax Cuts Not Extended
Treasury Secretary nominee Scott Bessent warned that the US faces an economic crisis that will hammer middle- and ...