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  2. 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. 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.

  3. Economic policy of the Bill Clinton administration - Wikipedia

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

    In proposing a plan to cut the deficit, Clinton submitted a budget and corresponding tax legislation (the final, signed version was known as the Omnibus Budget Reconciliation Act of 1993) that would cut the deficit by $500 billion over five years by reducing $255 billion of spending and raising taxes on the wealthiest 1.2% of Americans. [5]

  4. House Republicans fail to clinch deal on tax cuts, despite ...

    www.aol.com/news/house-republicans-fail-clinch...

    A three-day meeting of U.S. House Republicans, meant to jumpstart President Donald Trump's $4 trillion tax cut agenda, ended on Wednesday without a deal as party fiscal hawks refused to move ahead ...

  5. Reagan tax cuts - Wikipedia

    en.wikipedia.org/wiki/Reagan_tax_cuts

    The second tax cut (Tax Reform Act of 1986) among other things, cut the highest personal income tax rate from 50% to 38.5% but decreasing to 28% in the following years [2] and increased the highest capital gains tax rate from 20% to 28%. [1]

  6. Boom, now bust: Budget cuts and layoffs take hold in public ...

    www.aol.com/boom-now-bust-budget-cuts-090532355.html

    Officials in such states as Montana, California, Washington and Texas now say they face budget cuts and layoffs. Public health experts warn that the accompanying service cuts – functions like ...

  7. 4 Proposed Cuts by Musk’s DOGE and How They Could ... - AOL

    www.aol.com/finance/4-proposed-cuts-musk-doge...

    The largest pot of money DOGE could tap for cuts in federal programs without current congressional authorization, also called “discretionary spending,” which accounts for about $516 billion.

  8. Tax cut - Wikipedia

    en.wikipedia.org/wiki/Tax_cut

    Personal income tax cuts only lead to a momentary boost to GDP and productivity, having no long-term effect on the GDP as they trigger extensive but short-lived response of capital expenditure, productivity and output. The key to evaluating the effect of personal income tax cut is the variable labor utilization. [7]

  9. Kaine grills Vought on planned ‘woke and weaponized’ budget cuts

    www.aol.com/kaine-grills-vought-planned-woke...

    Sen. Tim Kaine (D-Va.) grilled Russell Vought, President Trump’s nominee to lead the White House Office of Management and Budget, over a budget proposal created at the think tank where he worked ...

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