Similar Stories to By Adding To The Debt, Tax Cuts Could Complicate Next Downturn on Bing News

In enacting a tax cut that is projected to raise annual federal-budget deficits to nearly $1 trillion in the coming years, Washington could be trading more growth now for the risk of more pain down the road.

Topics:  washington   tax   
BING NEWS:
  • Cost of Trump tax cuts soars 50% amid ‘abuse’ of business loopholes
    Extending the 2017 tax law that was the signature achievement of Donald Trump’s administration will cost 50% more than originally forecast, because ...
    05/30/2024 - 11:38 pm | View Link
  • Tracking the Fallout of State Tax Cuts
    States have gone on a tax-cutting spree in recent years. More than half have slashed income taxes for wealthy people and corporations, in some cases by extraordinary amounts. Communities are starting ...
    05/30/2024 - 2:08 am | View Link
  • Republicans prepare to fast-track tax cuts in reconciliation
    Republicans are getting ready to fast-track the extension of the Trump tax cuts through the reconciliation process if they win big in November. Nearly seven years after the GOP used budget ...
    05/28/2024 - 11:00 pm | View Link
  • NZ Budget 2024: tax cuts and borrowing don’t always fuel inflation – but Nicola Willis has to get the balance right
    Spikes in inflation are often blamed on government borrowing to deliver cash handouts. But it’s more complicated than that. The real issue lies in borrowing without a plan to balance the books.
    05/28/2024 - 11:30 am | View Link
  • Republicans’ $4 Trillion Question: Should They Pay for Extending Trump Tax Cuts?
    Extending all expiring individual and estate tax cuts, along with business-tax changes Republicans favor, would reduce projected revenue by $4 trillion over a decade, according to the congressional ...
    05/27/2024 - 10:00 pm | View Link
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