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President Biden should pardon his son Hunter Biden, who has been convicted of tax and gun law violations, in order to avoid appearing mean and to give the incoming administration a boost.
When former President Donald Trump was in office, he signed the Tax Cuts and Jobs Act (TCJA) into law in 2018. This law changed the tax code to cut taxes for shareholders and individual taxpayers ...
The Trump Administration's Council of Economic Advisors supported the bill, claiming it would have significant economic benefits. [148] [149] President Trump and Treasury Secretary Steve Mnuchin claimed that the law's tax cuts would pay for themselves. [150] Many Republican supporters of the tax bill characterized it as a simplification of the ...
Trump’s Tax Cuts and Jobs Act expanded the child tax credit (CTC) for children under 17 to $2,000 from an original level of $1,000. ... That law also made more families eligible for the credit ...
In a December 2019 opinion piece, former Trump economic advisors Kevin Hassett and Gary Cohn argued that the Trump tax cut had caused wages to rise faster for lower-wage workers than for higher-wage workers, thus delivering on a Trump campaign promise. Other analysts noted wages at the lower end of the income scale had increased at least in ...
Biden hit Trump for promising to extend the 2017 tax cuts beyond 2025, when many of the provisions are set to expire, in a video released Saturday. ... Trump’s 2017 tax cut reduced income tax ...
U.S. President Joe Biden will warn against further tax cuts for the wealthy and a reprise of Republican "trickle-down economics" during Donald Trump's second term in what could be his final speech ...
More sanctions and condemnations rolled in after U.S. National Security Advisor John Bolton named Nicaragua as part of a troika of tyranny, [151] including on November 27, 2018, when Trump issued an executive order targeting the First Lady and Vice President of Nicaragua and her aide Néstor Moncada Lau, [152] [153] and later on December 20 ...