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The Trump administration has unveiled a novel plan offering financial incentives to 2 million civilian full-time federal workers to quit their jobs as part of a planned cull of the government ...
President Donald Trump is offering buyouts with eight months of pay to all federal workers who don't wish to return to the office.
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 ...
Trump proposed exempting tips, Social Security and overtime pay from the income tax. These changes could affect the estimated 6 million Americans who rely on tips as part of their income and 56% ...
About 80% of persons who buy insurance through the marketplaces qualify for subsidies to help pay premiums. The Trump Administration reported in October 2017 that the average subsidy would rise to $555 per month in 2018, up 45% from 2017. This increase was due significantly to the actions it took to hinder ACA implementation. [88]
On March 5, 2025, President Trump endorsed a plan to extend the budget to September via CR, stating it would "FREEZE Spending this year". [53] On March 8, 2025, the House introduced a stopgap bill that would extended the budget to September 30, 2025, the final day before the start of the 2026 budget. [54]
A proposal to raise $1.9 trillion from a 10% tariff on imported goods, which Trump has proposed, also faces opposition from House and Senate conservatives. "I'm not in favor of raising taxes.
A host of tax cuts introduced under former president Donald Trump's Tax Cuts and Jobs Act of 2017 (TCJA) are set to expire at the end of 2026. Notably, the opportunity zones (OZs) economic ...