Tax Cut, national debt

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
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.
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 trln 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.
Trump wants to cut taxes. So do governors and lawmakers in some states
President-elect Donald Trump has proposed trillions of dollars of tax cuts. JEFFERSON CITY, Mo. (AP) — President-elect Donald ...
Treasury secretary nominee Bessent favors tax cuts, China tariffs, Russia sanctions
President-elect Donald Trump's Treasury secretary nominee Scott Bessent favors imposing tariffs on China, sanctions on Russia ...
A Major Cut To Capitol 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.
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 ...
Dan Haar: Lamont will pitch a tax cut in Connecticut next month. Here's what that means
A cut in Connecticut taxes has not been widely discussed at the Capitol this year amid spending battles, but Gov. Ned Lamont ...
Policy nerds don’t like her tax cut
“The key is whether the state is willing to restrain spending growth elsewhere,” Andrew Rein, president of the Citizens ...
Bessent Says US Barreling to Crisis If Tax Cuts Not Extended
Treasury Secretary nominee Scott Bessent warned that the US faces an economic crisis that will hammer middle- and ...