House Republicans unveil blueprint to extend $4.5 trillion in tax cuts and lift the debt ceiling
WASHINGTON — House Republicans released a budget plan Wednesday that sets the stage for advancing many of President Trump’s top domestic priorities, providing for up to $4.5 trillion in tax cuts and a $4 trillion increase in the debt limit so that the US can continue financing its bills.
The House GOP would fall short of Trump’s ambitious revenue goals—making the expiring provisions of the TCJA permanent and enacting additional tax cuts he proposed.
Tax Cuts and Jobs Act was a major tax code overhaul that cut taxes for individuals and businesses. Many of its reforms expire in 2025.
House Speaker Mike Johnson faces a significant challenge in balancing President Trump’s ambitious tax cut proposals with ...
The 93-page amendment to Senate Bill 1 introduced Tuesday scrapped an expanded homestead deduction and tax bill caps, which ...
Republican Gov. Kevin Stitt's budget would cut millions from many state agencies and spend close to $250 million for new tax ...
The fate of President Donald Trump’s ambitious economic policy plans will be determined by the people he appoints to critical ...
The bill laying out Gov. Mike Braun’s plan for property tax cuts passed out of committee Tuesday, but it included amendments for school referendums, property tax levy calculations and credits for ...
Tax Commission, OK Policy Institute estimates of a potential tax cut's impact differ by more than $400 millioin.
Chancellor Rachel Reeves’ attempts to put the public finances on firmer ground through tax hikes are “unlikely to succeed,” ...
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