Companies are paying less after the GOP tax cut, and it’s showing in the deficit
Corporations paid $205 billion in taxes during fiscal year 2018, $92 billion less than the year before.
Federal budget deficit surges to highest level in 6 years at $779 billion
The Treasury Department said Monday that the deficit climbed $113 billion from fiscal year 2017.
Trump administration acts to stop high-tax states from skirting $10,000 cap
Four states — Connecticut, Maryland, New Jersey and New York — already have sued the federal government over the deduction cap, asserting it's aimed at hurting a group of Democratic states and tramples on their constitutional budget-making authority.
AP fact check: Trump’s tax ‘miracle,’ immigration claims
The president's statements capped a week of head-spinning assertion and dubious statements. Here's a closer look at his claims.
"To just take that revenue would be a tax increase," said Missouri Sen. Andrew Koenig, echoing the reasoning of many tax-adverse Republicans leery of simply spending or saving the expected influx.
Trump campaign official Michael Glassner says the president will discuss tax cuts he signed into law late last year and highlight how Indiana families are benefiting from them.
The GOP is the party of fiscal responsibility no more.
President Donald Trump is proposing a $4 trillion-plus budget for next year that projects a $1 trillion or so federal deficit. And it never comes close to promising a balanced federal ledger even after 10 years.
This week, large retailers made announcements following the recently passed tax cuts. Walmart raised salaries for hourly workers to $11 per hour and announced one-time bonuses to 1,000 eligible employees, but it also announced the closure of 63 Sam’s Club…
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