Tax Cuts and Deficit Impact

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Trump Tax Bill Advances

President Donald Trump’s “big, beautiful” tax-and-spending bill could come with a big, ugly cost, economists warn.

Nonpartisan research groups studying the proposal have estimated that it would add more than $2.5 trillion to the federal debt—currently at an all-time high of $36.8 trillion—over the next decade. Despite those projections,

Yahoo · 5h

Tax cuts, immigration funding, Medicaid cuts considered in Trump's 'One Big, Beautiful Bill'

"They have your personal information, which is easy to get because they can just Google a name and address." Japan's prime minister warned members of parliament the country cannot afford any tax cuts funded through the issue of new debt as calls grow for stimulus ahead of July elections to the upper house.

The Economic Times on MSN · 6h

Trump's 'One Big Beautiful Bill Act': How remittance tax plan might deliver a big economic blow to US allies?

A new US bill proposes a 5% tax on money sent from the US to other countries. This targets non-citizens and foreign nationals. It could impact countries like El Salvador, Honduras, and Guatemala. Mexico opposes the tax,

6hon MSN

Trump’s tax cut faces a new snag: America’s debt crisis is back in the spotlight

After the United States lost its last perfect credit rating on Friday, Republicans and Democrats responded by pointing ...

15hon MSN

GOP bill could add trillions to the U.S. deficit, some experts say. Here's what to know.

Republican tax bill could cost $3.8 trillion over 10 years as its tax cuts surpass spending reductions, according to one ...

Committee for a Responsible Federal Budget1d

Reconciliation Bill Sets up $4.8 Trillion Fiscal Cliff in 2028

As written, the reconciliation bill being considered in the House of Representatives is set to increase the debt by $3.3 trilli ...

Devdiscourse1d

Republicans Propel Tax Cut and Security Bill Amid Internal Divisions

Republicans advanced a major tax cut and border security package through a House committee, overcoming internal deficit concerns with minor spending cut modifications. The bill faced opposition due to ...

GOP Tax Bill Seen Masking More Than $1 Trillion US Debt Hit (2)

The cost of Republican lawmakers’ draft plan for sweeping tax cutsweighed in at $3.8 trillion over the next 10 years in one ...

1don MSN

Trump’s big bill advances in rare weekend vote as conservative holdouts secure changes

Republicans advanced their massive tax cut and border security package out of a key House committee during a rare Sunday ...

CNET on MSN3d

Trump Tax Cut Extension Grinds to a Halt: Here's What It Might Cost You

Donald Trump and the GOP's proposed extension of the 2017 tax cuts failed a key vote this week but the reasons why could make ...

Reason5d

Republican Reconciliation Package Will Lead to $3 Trillion Annual Deficits

After that, tax cuts—including carve-outs on tipped wages ... would increase by less than 0.05 percent because the deficit impact of the bill drives a wedge between the increase in economic ...

Republicans split on US credit downgrade as party's tax bill lingers

Moody's downgrade of the U.S. sovereign credit rating has elicited mixed responses among Republicans in Congress, with some ...

7don MSN

Republican Tax Plan Boosts SALT Deduction, Ends Green-Energy Breaks

The proposal ends some taxes on tipped income and overtime pay and extends Trump’s expiring 2017 tax cuts.

Here's how proposed Medicaid cuts could impact Americans

House Republicans are proposing hundreds of billions of dollars in spending cuts to Medicaid, a major flashpoint in ...

4don MSN

The White House has been obsessed with tariffs. Wall Street is wondering about Trump’s tax cuts

As the US and China came to an agreement to lower tariffs sharply this week, trade war uncertainty has, for now, subsided. But Wall Street has a new question for President Donald Trump: What about tax ...

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