upper-class

Biden, Trump face ‘massive tax cliff’ amid budget deficit, experts say

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Biden, Trump face ‘massive tax cliff' amid budget deficit, experts say

– Many provisions from the Tax Cuts and Jobs Act of 2017 are set to expire after 2025 unless Congress extends them.
– Fully extending the TCJA tax breaks could add an estimated .6 trillion to the deficit over the next decade.
– The federal budget deficit could complicate proposals from former President Donald Trump and President Joe Biden.

Trump again attacks New York prosecutor, floats economic plans at New Jersey rally

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Trump again attacks New York prosecutor, floats economic plans at New Jersey rally

Donald Trump attacked the Manhattan judge and prosecutor in his New York criminal trial at a rally in New Jersey. He accused them of working for President Joe Biden and portrayed the charges as politically motivated. Trump also hinted at possible economic policies, including a 200% tariff on some imported cars and a new tax cut if he returns to office. He also suggested that North Dakota Governor Doug Burgum could play a major role in his administration.