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U.S. President Donald Trump holds a news conference to mark six months since the passage of the Tax Cuts and Jobs Act, in the White House East Room in Washington, U.S., June 29, 2018.
“He intends to enact what in effect is a national sales tax — call it a Trump tax — that would raise prices on middle-class families by almost $4,000 a year,” the Vice President stated.
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.
Another key factor among the 2017 tax law changes enacted during Trump’s first term was the provision that brought the U.S. corporate income tax rates in line with those levied in Europe and Asia.
Households with incomes in the top 1% received an average tax cut of more than $60,000 in 2025, according to the Tax Policy Center. That compares to an average tax cut of less than $500 for ...
Republicans who control the U.S. House of Representatives are trying to overcome internal differences on how to pay for President Donald Trump's sweeping tax cuts, with hardline conservatives ...
At the end of 2025, significant tax cuts are expiring that were passed under the Trump administration through the Tax Cuts and Jobs Act (TCJA), often called the Trump tax cuts. Unless a new law is...
That’s because the Trump-era Tax Cuts and Jobs Act from 2017 is set to expire at the end of 2025. ... child tax credit (CTC) for children under 17 to $2,000 from an original level of $1,000 ...