His tariffs, tax cuts and deregulation efforts make up a coherent strategy to benefit Main Street…
X – 12 Hour News Recap…
Mario Nawfal at X has started a daily news round up which is capturing much of the news posted on X both nationally and internationally. The T-Room will be providing these daily round ups on a regular basis. Tune in. We’d love to welcome you as a savvy news consumer…
Trump Praises $4.5 Trillion Tax Cut in House Budget, Wants Senate R’s to Get with the Program…
President Donald Trump threw his support behind a House budget plan calling for a $4.5 trillion tax cut, and encouraged Senate Republicans to abandon a short-term funding effort and coordinate with the House to implement “my FULL America First Agenda, EVERYTHING, not just parts of it.”…
Tax Cuts, Not Bidenomics Explains Surge in Consumer Spending in 2023…
On January 1, 2023, 38 states had noteworthy tax changes. 37 of the changes put extra money in people’s pockets. Here’s the result in pictures…
Despite 66% of Americans Getting a Cut, Only 20% Believe Their Taxes Were Lowered…
Donald Trump’s tax cut, passed in 2017, benefited nearly 66% of all Americans in the form of lower taxes. But now, as today’s deadline to file taxes for the past year rolls around, a new survey shows just 20% of taxpayers believe that their taxes have actually gone down, according to Bloomberg . The tax […]
Federal Energy Regulator Prompts Utilities to Pass Tax Savings on to Customers…
The nation’s grid regulator moved Thursday to ensure that President Trump’s 2017 tax cuts reduce customer utility bills. The Federal Energy Regulatory Commission issued a proposed rulemaking that would require all publicly-owned utility companies that own transmission lines “to revise” their rates to account for the benefits they received under the tax reform package. The […]
Are Republican Tax Cuts to Blame for Soaring Budget Deficits?…
It wasn’t said directly, of course, but the U.S. Treasury officially reported something Monday that, depending on your political party of choice, you’ve either long suspected would happen or refused to admit was possible: Last year’s big tax cut bill significantly increased the federal budget deficit. According to the Monthly Treasury Statement for fiscal 2018, […]
Sen. Elizabeth Warren Wants to Roll Back the GOP Tax Cuts…
Q: If Democrats take the Congress, if you’re in the White House, or both, would you like to see these corporate tax cuts repealed? A: Yeah, I really want to see them rolled back. Q: Back to 35 percent? A: Well, it’s not about the number. Here’s how I look at budgets and taxes are […]
Senate Democrats Pitch Repeal of Tax Cuts to Fund Infrastructure…
Senate Democrats unveiled on Wednesday a $1 trillion infrastructure plan that would be funded by repealing numerous tax cuts Republicans pushed through Congress last year. The plan would return the top individual tax rate to 39.6 percent, set the corporate tax rate at 25 percent, go back to 2017 law for the Alternative Minimum Tax, […]
Economists Agree: Trump, Not Obama, Gets Credit for Economy…
Who deserves credit for the booming economy? This is not a petty argument. How voters answer the question could well determine whether Democrats retake the House of Representatives come November. Trump and Obama (and their admirers) are slugging it out, both claiming that it is their policies that have led to the ongoing economic expansion, […]