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Tag: Tax Cuts and Jobs Act
Nancy Pelosi’s idea to retroactively lift the limit on state and local tax deductions would be almost useless for people who need the most help
Almost all the benefits of tossing out the SALT cap would go towards richer households — and not average Americans weathering the coronavirus fallout.
Another tax cut plan helps the Trump administration argue that a second term would provide an economic boost for the middle class.
President Trump and the GOP promised their tax cuts would drive business investment and economic growth. Instead, companies kept the windfall.
These 7 charts show Trump’s tax cuts still haven’t been the economic ‘rocket fuel’ he promised, 2 years after the fact
The law achieved none of the ambitious goals that Republicans set when they were selling the Tax Cuts and Jobs Act.
Corporate tax bills were slashed by nearly half last year under Trump’s tax law — and they’re now at a 40-year low
The average federal tax rate plunged to 11.3% for nearly 400 of America's largest corporations in 2018, just over half the official rate set in 2017.
Cheap money available in the bond market has led several US companies to issue new corporate bonds this week.
The plan promises new initiatives and rolling back Trump policies in key policy areas like immigration, climate change, and the economy.
"I think if you look at all the sentiment measures that matter, they're through the roof," President Donald Trump's adviser Kevin Hassett said.
The GOP tax law gave most Americans a tax cut, but Trump’s signature policy is still a political flop
Few Americans even report getting a tax cut, despite the fact that the Trump tax cuts made it so that 65% of people have a lower tax burden in 2019.
The budget deficit is being driven by the tax reform law supported by President Trump and the GOP as well as the bipartisan spending deal.