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By keeping or expanding the TCJA [Tax Cuts and Jobs Act], Trump could continue to support both businesses and middle-class families by ensuring they retain more of their income, reducing ...
Donald Trump’s election win signals changes in tax policies that could shape the financial future for middle-class Americans.. While President-elect Trump promised to lower taxes for most ...
Extending Trump’s tax cuts could give people more money to spend, which might boost consumer spending but also cause inflation, according to Castaneda. ... benefits for middle-class and lower ...
Writing in The Washington Post, Phillip Bump explained that for Trump's first term as of September 2019, performance on several key variables was comparable or below Obama's second term (January 2013 – September 2016), as follows: 1) Real GDP was up 7.5% cumulatively under Obama, versus 7.2% under Trump; 2) The total number of jobs was up 5.3 ...
“During Trump’s first term, the Tax Cuts and Jobs Act (TCJA) of 2017 offered limited benefits to middle-income earners and more extensive benefits to the wealthy and corporations.
Extending Trump’s 2017 tax cuts would lower taxes by an average of $2,000 in 2026, according to an analysis by the Urban-Brookings Tax Policy Center. However, nearly half of the tax break ...
Much has been written about how President-elect Donald Trump's tax policies might affect the rich, the poor and the middle class -- but what about those in the upper middle class who are doing ...
The JCJA will work in your favor if you’re not middle-class. “The 2017 tax cuts benefited high-income individuals and large corporations,” David Fritch, attorney and CPA, stated. “While ...