U.S. Faces Record Debt Levels as Republicans Plan Tax Cuts
The new budget forecasts predicted that the United States will record a $1.9 trillion budget deficit this fiscal year and that annual deficits over the next decade will total $21.1 trillion. That will be piled on to a national debt that currently exceeds $36 trillion.
Trump Wants to Cut Taxes. So Do Governors and Lawmakers in Some States
President-elect Donald Trump has proposed trillions of dollars of tax cuts for individuals and businesses. In some states, governors and lawmakers are seeking to cut millions more. The movement for more tax cuts comes after most states already have slashed income,
The Congressional Budget Office on Friday forecast a $1.865 trillion U.S. budget deficit for fiscal 2025, largely flat with ...
Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law.
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The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars ...
U.S. clean energy tax subsidies under President Joe Biden's signature Inflation Reduction Act will boost U.S. budget deficits ...
Laws are in place preventing anyone claiming a child tax credit from getting their refund before a certain date, so how long ...
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Canada’s foreign minister is warning Americans they will be paying a “Trump tariff tax” if President-elect Donald Trump ...
House conservative proposals to raise corporate taxes to offset the cost of President-elect Trump’s tax package are going ...
The owner of three restaurants in Peabody, Salem, and Seabrook, New Hampshire, was sentenced to prison Thursday for not ...
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A bill that phases out the state income tax, cuts the state grocery tax and raises sales taxes and gasoline taxes has passed ...
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