Oct 15 Federal budget deficit surges to highest level in 6 years at $779 billion By Josh Boak, Associated Press The Treasury Department said Monday that the deficit climbed $113 billion from fiscal year 2017. Continue reading
Aug 24 Trump administration acts to stop high-tax states from skirting $10,000 cap By Marcy Gordon, Geoff Mulvihill, Associated Press 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. Continue reading
Jul 02 AP fact check: Trump’s tax ‘miracle,’ immigration claims By Hope Yen, Josh Boak, Associated Press The president's statements capped a week of head-spinning assertion and dubious statements. Here's a closer look at his claims. Continue reading
Jun 29 Republicans propose using online sales tax money for new tax cuts By David A. Lieb, Associated Press "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. Continue reading
May 03 Trump to address tax cuts, economy at Indiana rally next week By Associated Press 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. Continue reading
Feb 13 Conservatives lash out at GOP spending binge By Steve Peoples, Associated Press The GOP is the party of fiscal responsibility no more. Continue reading
Feb 12 Trump’s proposed $4 trillion budget would sharply raise the deficit By Andrew Taylor, Associated Press 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. Continue reading
Jan 13 Watch 3:57 Large retailers already anticipating benefits of new tax laws By PBS News Hour 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… Continue watching
Dec 20 3 charts that show how the GOP tax bill will affect you By Lisa Desjardins We now have a final estimate of how the GOP tax bill will affect different income groups at different points over the next several years. Continue reading
Dec 19 Watch 8:04 Sweeping GOP bill set to revamp U.S. tax code, slash corporate rate By PBS News Hour For Republican lawmakers, it's a day to celebrate. Cheers went up as the GOP tax overhaul received House passage, signalling the end of a legislative sprint to get the bill wrapped up by Christmas. Lisa Desjardins joins Judy Woodruff to… Continue watching