Trump, Senate and tax cuts
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Overview
NBC News |
The Republican-led Senate voted 52-48 on Thursday to begin debate on a budget blueprint for a multitrillion-dollar package to pass President Donald Trump’s agenda.
BBC |
US President Donald Trump announced a sweeping new set of tariffs on Wednesday, arguing that they would allow the United States to economically flourish.
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"Macroeconomic feedback effects would further increase interest rates and, therefore, lead to even worse fiscal outcomes," the Peter G. Peterson Foundation warned.
Phillip Swagel stated that President Donald Trump's tariffs are projected to gross $800 billion over the next decade.
Senate Republicans setting up their budget bill for Trump's agenda are risking it failing before the parliamentarian and blowing up reconciliation hopes.
Key Republican senators in the reconciliation process are huddling with President Donald Trump at the White House on Wednesday as a budget resolution hangs in the balance.
Key Takeaways Extending President Donald Trump's 2017 tax cuts would push the national debt to more than twice the Gross Domestic Product by 2054, the Congressional Budget Office said in a recent estimate.
5don MSNOpinion
Before a February cabinet meeting, a reporter asked President Donald Trump if he could guarantee that Medicare, Medicaid, and Social Security would not be cut. Medicaid is a joint federal-state program that pays for primary and acute care services for one in five Americans,
President Donald Trump is backing the funding fix needed to allow the District of Columbia's government to avoid $1.1 billion in budget cuts.
President Trump’s success in cutting back and rationalizing federal spending largely depends on whether he can get away with spending less on programs than Congress appropriates.
Senators are expecting to receive a consequential decision that will shape whether Republicans can make President Donald Trump’s expiring tax cuts permanent.
3dOpinion
24/7 Wall St. on MSNDonald Trump Campaigned on Cutting Corporate Taxes - Where Does That Promise Stand Today?Donald Trump's tax cuts during his first term led to huge economic prosperity that was decimated by Bidenomics, and restoring those tax cuts are a key to fixing the economy.