Tax Cut, national debt

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.
CBO projects US debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts
The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump. The nonpartisan Congressional Budget Office released its 10-year budget outlook on Friday that showed a slightly brighter picture as
Republicans may try budget math that doesn’t count Trump tax cuts
Extending the tax law that’s set to expire would add $4.6 trillion to the national debt — so some GOP lawmakers want to change the rules.
CBO Projects U.S. Debt to Surge $23.9T, Excluding Tax Cuts by Trump
The U.S. national debt is projected to surge by $23.9 trillion over the next decade, according to the Congressional Budget Office.
CBO sees US 2025 deficit flat at $1.9 trillion before any Trump tax changes
The Congressional Budget Office on Friday forecast a $1.865 trillion U.S. budget deficit for fiscal 2025, largely flat with last year and indicating no major deterioration in government finances before President-elect Donald Trump takes office on Monday.
What Did the Trump Tax Cuts Do? Nobody Really Knows.
Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law.
MinnPost2d
How Walz’s proposed ‘tax cut’ would actually raise $108 million a year to help state budget
Walz wants to shift the tax burden to wealthier Minnesotans, but Republican House leaders say any increases are off the table ...
A Major Cut To Capital Gains Tax Would Turbocharge The Economy
A substantial cut in the capital gains tax would make President-elect Trump’s upcoming tax bill very beautiful indeed.
CNET on MSN14m
IRS Touts 'Enhanced' Direct File in 2025: How That Affects Your Tax Filing
Direct File can help you cut out the tax season middlemen, and this year, the IRS is bringing out new features.
Trump's tax cut plans face bond market headwinds, GOP lawmakers warn
President-elect Trump and Republican majorities in Congress are planning to pursue an ambitious tax cut plan, but some GOP ...
Republicans in Congress warn rising US bond yields could hit Trump's tax cut plans
Just days before Donald Trump returns to power, some of his Republican allies in the U.S. Congress are warning that the ...
MS House passes income tax cut after nearly 2-hour debate. Will Senate pass it next?
The Mississippi House has passed its income and sales tax cut bill package. it now heads to the Senate for further consideration.
House Budget Republicans eye more than 200 spending cuts, tax changes for major bill
Republicans on the House Budget Committee are considering more than 200 potential budget cuts, tax breaks, tariffs and ...
Remember Brownback? Tax cuts are great, but must be tempered with responsibility | Opinion
Kansas state revenues will drop after the sales tax on food was eliminated this year. More cuts could take us back to a bad ...
Historic MS tax cut would end tax on income, unless you work in porn or are a sex worker
A House bill meant to eradicate the state's individual income tax does not apply to sex workers in Mississippi.