Posts filtered by tags: Trump Tax Cuts[x]


Top GOP senator says it's 'an impossible sell' for Republicans to strike a deal on an infrastructure package that rolls back Trump tax cuts

Sen. Roger Wicker Tom Williams/Pool via AP Sen. Roger Wicker downplayed the odds of an infrastructure deal that included rolling back Trump's tax cuts. He called it 'an impossible sell' among Republicans on Monday. Wicker met with Biden to discuss his jobs plan along with other Republicans and Democrats. See more stories on Insider's business page. Sen. Roger Wicker of Kansas, the ranking Republican on the Senate Commerce Committee, downplayed the prospect of a bipartisan d...
Tags: Economy, Politics, Policy, Joe Biden, Roger Wicker, Congress, Republicans, Democrats, Infrastructure, Jobs, Taxes, Trump Tax Law, Trump tax cuts, Tax Cuts and Jobs Act, Stimulus, Mitch McConnell

Joe Manchin signals he could torpedo Democratic attempts to bypass Republicans multiple times in a year

In this Feb. 13, 2021, file photo Sen. Joe Manchin, D-W.Va., departs on Capitol Hill in Washington Alex Brandon/AP Manchin suggested he may thwart Democratic attempts to bypass Republicans in Congress more than once. "I simply do not believe budget reconciliation should replace regular order in the Senate," Manchin wrote in a Post op-ed. It comes as the White House weighs the path ahead for a massive infrastructure plan. See more stories on Insider's business page. Sen. Joe Manchin of ...
Tags: Politics, Congress, Washington Post, Washington, Senate, White House, West Virginia, Trends, Joe Biden, Economy, Infrastructure, Democrats, Gop, Capitol Hill, Biden, Donald Trump

'It doesn't exist': A top Republican economist says Trump has no economic plan for a 2nd term

Getty Trump hasn't laid out an economic plan for a second term, according to a top GOP economist. "He has no economic plan. I don't mean that I don't like it. It doesn't exist," Glenn Hubbard, former chair of the Council of Economic Advisors under President George W. Bush, told Bloomberg. Trump has struggled to lay out a second term agenda throughout the year. A recent analysis from a nonpartisan group indicated permanently extending parts of the 2017 Trump tax cuts would grow the federal...
Tags: Politics, Jobs, Taxes, Congress, White House, US, Trends, Markets, Joe Biden, Economy, Policy, Gop, Fox News, Donald Trump, Morgan Stanley, George W Bush

Trump pledges to pass 'THE BIGGEST TAX CUT EVER' in early morning campaign tweetstorm from Walter Reed

President Donald Trump Tasos Katopodis/Getty Images Trump pledged a middle-class tax cut in a morning tweetstorm from Walter Reed Medical center. "BIGGEST TAX CUT EVER, AND ANOTHER ONE COMING," he wrote on Twitter. "VOTE!" He previously raised a middle-class tax cut before the November 2018 midterms, but he stopped bringing it up once Republicans lost the House. Trump's second-term tax agenda is still missing many details. Visit Business Insider's homepage for more stories. President Donal...
Tags: Politics, Taxes, Republicans, Congress, Senate, Trends, Markets, Tax Cuts, Joe Biden, Economy, Policy, Gop, House, Treasury, Nancy Pelosi, Biden

NY Times: Budget Deficit Jumps 17% in 2018, Due To Declining Corporate Tax Revenues Following The Trump Tax Cuts

New York Times, Budget Deficit Jumps Nearly 17% in 2018: The federal budget deficit swelled to $779 billion in fiscal year 2018, the Treasury Department said on Monday, driven in large part by a sharp decline in corporate tax revenues after the Trump tax cuts took effect. The deficit rose... [Author: Paul Caron]
Tags: Taxes, Ny Times, Treasury Department, Paul Caron, Trump Tax Cuts, New York Times Budget Deficit Jumps Nearly

Markets Rise on Hopes of Trump Tax Cuts, but Europe in Doldrums

Stocks mostly inched higher Friday amid hopes for changes in U.S. tax policy, but European shares lagged behind on the final trading day before France’s contentious presidential elections.
Tags: Europe, News, Free, France, US, Trump Tax Cuts