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  2. Economic policy of the Donald Trump administration - Wikipedia

    en.wikipedia.org/wiki/Economic_policy_of_the...

    The New York Times reported in August 2019 that: "The increasing levels of red ink stem from a steep falloff in federal revenue after Mr. Trump's 2017 tax cuts, which lowered individual and corporate tax rates, resulting in far fewer tax dollars flowing to the Treasury Department. Tax revenues for 2018 and 2019 have fallen more than $430 ...

  3. Tax cuts, tariffs and deportation: How economists say Donald ...

    www.aol.com/tax-cuts-tariffs-deportation...

    Trump now wants to extend his tax cuts when they expire at the end of 2025, to cut the corporate income tax further − to 15%from its current 21% − and to exempt Social Security benefits from ...

  4. Tax Cuts and Jobs Act - Wikipedia

    en.wikipedia.org/wiki/Tax_Cuts_and_Jobs_Act

    The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, [2] Pub. L. Tooltip Public Law (United States) 115–97 (text), is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA), [3] [4] that amended the Internal Revenue Code of 1986.

  5. Trump-Era Tax Cuts Are Expiring: 4 Ways This Impacts ... - AOL

    www.aol.com/trump-era-tax-cuts-expiring...

    Individuals Will Likely Pay More if Trump-Era Tax Cuts Aren’t Extended. Individual income tax brackets will revert to 2017 levels, increasing anywhere between 1% to 4% for many Americans, Fox ...

  6. Trump Era Tax Cuts Are Set To Expire — Here’s How ... - AOL

    www.aol.com/trump-era-tax-cuts-set-160750264.html

    The TCJA doubled the estate and gift tax exemption for individuals, from $5.49 million in 2017 to $11.18 million in 2018. Adjusted for inflation, the exemption was $12.06 million in 2022 and ...

  7. Trump tariffs - Wikipedia

    en.wikipedia.org/wiki/Trump_tariffs

    A May 2019 analysis conducted by CNBC found Trump's tariffs are equivalent to one of the largest tax increases in the U.S. in decades. [ 20 ] [ 21 ] [ 22 ] Studies have found that Trump's tariffs reduced real income in the United States, as well as adversely affecting U.S. GDP. [ 23 ] [ 24 ] [ 25 ] Some studies also concluded that the tariffs ...

  8. Trump Tax Cuts Are Set To Expire: What That Means For The ...

    www.aol.com/trump-tax-cuts-set-expire-151709284.html

    When the Trump tax cuts do expire, here are the main ways middle-income Americans will be affected: Individual income tax rates will revert to their 2017 levels.

  9. Deficit reduction in the United States - Wikipedia

    en.wikipedia.org/wiki/Deficit_reduction_in_the...

    Allowing the Bush tax cuts to expire at all income levels would have a significant deficit reduction effect. In August 2010, CBO estimated that extending the tax cuts for the 2011–2020 time period would add $3.3 trillion to the national debt: $2.7 trillion in foregone tax revenue plus another $0.7 trillion for interest and debt service costs ...