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Throughout his tenure, Trump falsely claimed that the economy under his administration was "the greatest economy in the history of our country" and made various inflated and inaccurate claims about the state of the U.S. economy and its rate of growth, including the false claim that GDP had "doubled and tripled" under his tenure.
By keeping or expanding the TCJA [Tax Cuts and Jobs Act], Trump could continue to support both businesses and middle-class families by ensuring they retain more of their income, reducing ...
The law, which is set to expire next year, changed the federal tax code in several ways that affect the middle class. “President-elect Trump’s tax plan is designed to provide much-needed ...
The wealthiest individuals and corporations would benefit disproportionately from the tax cuts, while middle-class households might not see significant benefits due to their lower tax brackets ...
By comparison, the tax cuts would save middle-income families about $1,000, or 1.3% of their income. On the campaign trail, Trump touted ending double taxation on US citizens who live overseas but ...
Most importantly, most of the tax cuts accrue to the corporate sector and to higher-income households that have a relatively low marginal propensity to consume. This suggests that a significant portion of the tax cuts will be saved, not spent." [175] The Trump administration predicted the tax cut would spur corporate capital investment and hiring.
Much has been written about how President-elect Donald Trump's tax policies might affect the rich, the poor and the middle class -- but what about those in the upper middle class who are doing ...
“During Trump’s first term, the Tax Cuts and Jobs Act (TCJA) of 2017 offered limited benefits to middle-income earners and more extensive benefits to the wealthy and corporations.