Donald Trump, House Republicans and GOP
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Trump, Tax cut
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Tax experts, IRS employees and former Treasury Department officials are all warning that the US government could lose hundreds of billions of dollars in revenue because of the Trump administration’s staffing cuts to the tax agency,
The bill to exempt tips from federal income tax, an idea that President Donald Trump campaigned on, will now go to the House of Representatives for a vote.
WASHINGTON—President Trump’s multitrillion-dollar economic agenda hinges on fractious GOP lawmakers who are at odds over the details of a tax package that could determine their fate in next year’s midterm elections.
Nonpartisan research groups studying the proposal have estimated that it would add more than $2.5 trillion to the federal debt—currently at an all-time high of $36.8 trillion—over the next decade. Despite those projections,
President Donald Trump is growing frustrated with demands to significantly boost the cap on the state and local tax deduction, according to a senior administration official, signaling a deadlock as Republicans aim to quickly pass a giant tax-cut bill.
WASHINGTON—Senate Democrats pressed President Trump’s pick to run the Internal Revenue Service on his promotion of tribal tax credits and recent acceptance of campaign donations from people tied to those claims.
U.S. stock index futures slipped and Treasury yields surged on Wednesday amid growing fiscal anxiety as investors focused on discussions around U.S. President Donald Trump's tax-cut bill that has been plagued by Republican infighting.
Billy Long, President Donald Trump's nominee to lead the IRS, answered Senate Finance Committee questions on Tuesday. Here's what to know.
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