US EditionGOP heads into key stretch for ambitious Trump tax cut plan
- Republican lawmakers are exploring a method to label a $4.5 trillion tax cut extension as costing zero dollars instead, according to Senate Republicans.
- House Republicans originally aimed to offset the tax cut with a $4 trillion debt ceiling rise and $2 trillion in spending cuts, as reported by various politicians and think tanks.
- Maya MacGuineas stated that the current policy baseline approach would lead to $37 trillion in additional debt over 30 years, garnering skepticism from budget organizations.
66 Articles
66 Articles
The “Current Policy” Baseline Is a Destructive Gimmick
The temptation to bend and break inexpedient rules and norms is ever-present in politics, but the current leaders of the GOP, starting with the president but extending well into Congress, seem to be indulging the impulse with frequency and gusto rather than resignation. The emerging plan to distort how the budget baseline is calculated when assessing the GOP’s tax and spending agenda is an especially glaring and damaging example of this pattern.…
Ways & Means Chair Rep. Smith on budget resolution: $1.5 to $2T in spending cuts is the minimum
House Ways and Means Committee Chairman Rep. Jason Smith (R-Mo.) joins 'Squawk Box' to discuss the state of budget proposals in the House and Senate, whether one budget resolution can be passed, where the spending cuts will come from, implementing President Trump's agenda, and more.
Nebraska Senator Ricketts Proposes Tax Cuts As Congress Seeks To Enact Trump Tax Agenda
Republican Nebraska Sen. Pete Ricketts and Democratic Nevada Sen. Jacky Rosen are jumping into Trump’s tax cut agenda, proposing their “Tax Cuts for Veterans Act” that aims to eliminate the federal tax on military retirement benefits. Ricketts is proposing another bill, the “Social Security Check Tax Cut Act” designed to phase out federal taxes on […] Nebraska Senator Ricketts Proposes Tax Cuts As Congress Seeks To Enact Trump Tax Agenda
LARRY KUDLOW: Think Reagan-Trump, not Nixon-Ford on tax cuts bill
Senate Majority Leader John Thune has set an April 11 deadline for a final agreement between House and Senate Republicans on a budget resolution that will form the backbone for President Donald Trump's "one, big, beautiful" tax-cut bill.Let's hope he's right. Let's hope both houses meet the deadline. And there's plenty of work to do.It's become fashionable for some conservatives to beat up on the Senate Republicans for going too slow.Maybe so, b…
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