The presidential race is unpredictable, but the legislative conversation in 2025 for the eventual winner is actually already determined. Nearly all of the Trump tax cuts affecting individual filers expire at the end of that year, as well as enhanced subsidies for Affordable Care Act exchanges. As I was told back in April, the near-term … Read more
Donald Trump speaks during a campaign rally on July 20, 2024 in Grand Rapids, Michigan. (Photo by Anna Moneymaker/Getty Images) In an interview with Bloomberg Businessweek published earlier this month, Trump said that, if he wins a second term, he would push to slash the corporate tax rate: I brought the taxes down from 39% … Read more
MILWAUKEE — Former president Donald Trump is trying to present a more worker-friendly vision of the Republican Party at this week’s convention, but he has continued to make clear in private that he views himself as the best choice for billionaires and big business, according to donors who have attended fundraising events.Even as Trump leans … Read more
Donald Trump’s choice of Senator JD Vance as his running mate for the 2024 presidential election has been branded as a “masterstroke” by the CEO of a leading independent financial advisory and fintech for his pro-cryptocurrency approach. Trump selected the Ohio senator, ending months of speculation about the Republican nominee’s choice to help him challenge … Read more
Former President Donald Trump said he’d support cutting the corporate tax rate to 15% from its current level of 21%, a move Sen. JD Vance said he opposed two months ago before he became Trump’s running mate.That difference reflects the difficulties in reconciling their ideologies, giving corporate America a bit of whiplash. The Ohio Republican … Read more
More than half of former President Donald Trump’s flagship policy proposals are unpopular with voters, according to a recent poll.Abolishing the Department of Education, cutting corporate taxes and giving the president more control over the civil service and independent federal agencies were amongst the least popular elements of Trump’s so-called Agenda 47. Only nine out … Read more
2024 Presidential Debate Tax Policy Issues | Tax Foundation Skip to content Home • Blog • Tax Policy Questions 2024 Presidential Candidates Should Address election. The future of the US tax code is one topic that should take center stage, as the next occupant of the White House will have to address the expiring individual … Read more
Democrats are forging plans to raise tax rates on companies and wealthy individuals next year if they hold the White House and win control of both houses of Congress, as the party’s leaders increasingly see tax policy as a winning issue on the campaign trail.Senate Finance Committee Democrats met Thursday to discuss President Donald Trump’s … Read more
President Trump called for cutting the corporate income tax below the current 21% rate at a Business Roundtable event Thursday, according to multiple news reports. Grover Norquist, President of Americans for Tax Reform, issued the following statement applauding President Trump’s call to further lower the corporate rate: “Trump knows workers, retirees, and households pay the … Read more
New York CNN — Former President Donald Trump told some of America’s most powerful business leaders this week that he plans to once against slash corporate taxes, four people familiar with the matter told CNN. During his meeting on Thursday with CEOs in Washington, Trump told the executives he wants to cut the corporate tax … Read more