Former President Donald Trump said Thursday during a meeting with top CEOs in Washington, DC, that he wanted to slash the corporate tax rate to 20% — hours after discussing trade and other policies with Republicans on Capitol Hill. The presumptive 2024 Republican nominee held a private meeting with 80 executives to pitch the rate … Read more
We know that “privately, Trump has told allies that he is keenly interested in cutting corporate tax rates again,” according to The Washington Post, even as corporate profits hit near record highs in 2023. The Post also reported that “Trump’s advisers…have discussed proposals to make deeper cuts to the overall corporate tax rate, potentially to … Read more
“It’s not enough just to undo the damage of the Trump tax law—our tax code wasn’t fair before that,” said the Chairman of the Budget Committee Washington, D.C.— U.S. Senator Sheldon Whitehouse (D-RI), Chairman of the U.S. Senate Budget Committee, delivered the following opening statement at today’s hearing, titled “Making Wall Street Pay Its Fair Share: … Read more
Published at 10 Jun 2024 According to estimates, cuts proposed by the Trump camp could increase US national debt by USD 1 trillion… According to estimates, cuts proposed by the Trump camp could increase US national debt by USD 1 trillion. As election fever in the US grows increasingly frantic with November’s crucial poll looming … Read more
Republicans in Congress are preparing to build upon the success of the 2017 Trump Tax Cuts by not only making President Trump’s signature legislative achievement permanent, but also cutting taxes further to spur economic growth. The Washington Post reported on Sunday that both Trump’s economic advisors and key Republican lawmakers in Congress are planning a … Read more
The crowning legislative achievement of Donald Trump’s first term in the White House was the passage of an unpopular tax bill that gave big corporations a massive windfall, disproportionately rewarded wealthy individuals despite being pitched as a boon for workers, and contributed trillions to the national debt. With Trump running for another four years in … Read more
WASHINGTON — On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America.The Democrat tells voters that companies should pay more in taxes and he blames many businesses for fueling higher prices by stoking “greedflation” and “shrinkflation.”But for the past several months, top Biden administration officials have also stepped up … Read more
Republicans in Congress are preparing to not just extend former president Donald Trump’s 2017 tax cuts if they win control of Washington in November’s elections, but also lower rates even more for corporations, laying the early groundwork for a ferocious debate over taxes and spending next year and beyond.The Tax Cuts and Jobs Act (TCJA) … Read more
A felony conviction just months ahead of a presidential race in the United States is unheard of. Yet Donald J. Trump has become the first former president and the first GOP candidate to be convicted by a New York jury on all 34 counts in his criminal case of hush-money. Trump himself called the verdict … Read more
Hunter Biden’s sister-in-law testified at his criminal trial on Thursday that she took and threw away his gun out of fear of his spiraling addiction, potentially bolstering prosecutors’ case that President Joe Biden’s son broke a law barring illegal drug users from owning firearms.Jurors in the first criminal trial of a U.S. president’s son saw surveillance camera … Read more