Economists caution that a $4 trillion tax increase is possible if the 2017 tax reductions end.
Economists Push for GOP Tax Package Amid Concerns On Thursday, over 300 economists wrote to President Donald Trump and Republican leaders, urging swift action on the GOP tax plan. They believe that passing it is crucial to prevent the 2017 tax cut from expiring, which amounts to around $4 trillion. Leading the effort, economist Stephen […]
Tax credit for school choice could shift $10 billion away from federal income.
Many Americans are finding themselves at football stadiums this summer, watching Beyoncé perform on her Cowboy Carter Tour. I splurged on those tickets, and honestly, I have no regrets about it. It’s my choice, after all. You can’t expect that kind of spending to come with tax deductions or federal subsidies. And it’s a bit […]
Tax Leaker Invokes the Fifth Amendment: Politics Newsletter for June 4, 2025
Trump Tax Leaker’s Legal Battle A man, who is currently imprisoned for leaking former President Donald Trump’s tax returns, has filed a lawsuit. Charles Littlejohn, a former IRS contractor, claims he shouldn’t be compelled to testify before a House Judiciary Committee regarding confidential tax records involving others. He has been sentenced to five years in […]
Trump’s tax plan could increase the deficit by $2.4 trillion over ten years, according to the CBO.
According to a recent estimate by the Congressional Budget Office (CBO), President Trump’s “big, beautiful bill” would increase the nation’s deficit by $2.4 trillion over nearly a decade. The CBO reported that the proposed tax cuts, alongside additional measures, aim to eliminate expiration provisions in the Trump Signature 2017 tax law, but these cuts are […]
Elon Musk Calls for the End of Trump’s Major Infrastructure Plan After EV Tax Credit Dispute Revealed
Elon Musk Critiques Republican Settlement Budget Elon Musk has launched a robust critique of the Republican settlement budget, urging his social media followers to pressure their representatives to “kill the bill.” In a series of posts on X, he expressed his growing opposition to the proposed legislation, especially after having concluded his role as a […]
The tax plan proposed by Trump would reduce taxes but increase the national debt, according to the CBO.
Trump Administration’s Tax Bill Analysis The Trump administration recently waved goodbye to Elon Musk, who had been focusing on enhancing government efficiency and reducing spending. President Donald Trump’s proposed “Big Beautiful Building” tax plan is projected to cut taxes by $3.7 trillion. However, the Congressional Budget Office (CBO) estimates it will also increase the deficit […]
Large Firefighters Union Supports Tax Reductions in Trump’s ‘Big, Beautiful Bill’
The International Association of Firefighters (IAFF), which represents over 350,000 members, has endorsed the tax cuts included in President Donald Trump’s proposed legislation, viewing it as a sensible decision. IAFF President Edward Kelly stated, “Firefighters and emergency medical personnel shouldn’t face penalties for choosing public service careers.” He emphasized the significance of “common-sense tax proposals […]
‘Healthcare Provider Tax Freeze Would Benefit Blue States’
Health Care Provider Tax Freeze Proposal Raises Concerns A proposed law aimed at freezing state-imposed health care provider taxes may inadvertently negatively impact financially cautious states while benefiting those like California and New York. Dr. Anthony Digiorgio, a neurosurgeon and medical analyst who recently collaborated with the Mercatus Centre, examined the potential fallout of this […]
Trump’s tax and spending proposal is being examined by the Senate amid public dissatisfaction
The Senate is set to reconvene next week, aiming to address the significant tax and spending proposals from Donald Trump that the House passed just before Memorial Day. Even during the break, financial discussions persist. Some bold members of the MAGA faction are facing backlash from constituents. In the meantime, Democrats and progressive groups have […]
White House unveils tool displaying tax reductions from major spending plan
White House Launches New Tax Savings Website The White House has introduced a website that allows Americans to estimate how much they could save under proposed tax legislation. This initiative, revealed on Tuesday, aims to engage citizens in the discussion around what the administration describes as “big beautiful bills.” The site provides a calculator to […]