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Trump was slated to announce a new economic proposal in Detroit. It took him quite a bit of time to get to it. In rambling, hours-long speech, Trump introduces new car loan tax proposal
Under Trump’s proposal, the fund reserves for Social Security would run dry by 2031, according to the Committee for a Responsible Federal Budget. Additionally, there would be a 33% decrease in ...
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.
The 2017 Tax Cuts and Jobs Act (TCJA) made huge permanent cuts to corporate and business taxes while making temporary cuts to individual taxes to limit the bill’s expansionary effects on the ...
Bottom line. Trump’s proposal to cut Social Security taxes highlights the ongoing debate about the program’s complexities. While some recipients could benefit from tax-free benefits ...
President Trump is expected to issue an executive order this week that could lead to a future change in 401k rules. What retirees must know about President Trump's latest tax proposal Skip to main ...
The Tax Policy Center has estimated that Trump's proposed 10% global tariff and 60% tariff on Chinese imports could raise up to $3.8 trillion over a decade but would reduce other revenues due to ...
Another component of Biden's 2025 budget proposal, even though not directly affected by the TCJA, calls for increasing the Medicare tax rate from 3.8% to 5% for those earning more than $400,000 ...