How Trump and Republicans could pay for new tax cuts
President-elect Trump and Republican lawmakers will face pressure to find a way to cover the cost as they prepare to pass a massive tax cut bill through Congress next year. While Mr. Trump and many of his Republican colleagues argue that carefully crafted tax cuts will pay for themselves, a vocal group of fiscal hawks […]
Goldman Sachs: Trump tax cuts, deregulation will boost growth; tariffs could be a drag
Consumer Technology Association CEO Gary Shapiro talks about how tariffs will affect laptop prices on The Claman Countdown. goldman sachs Last week, U.S. and global economic forecasts predicting the impact of President-elect Trump's victory on the economy in 2025 showed that tax cuts planned by the incoming administration would boost growth, but more aggressive tariffs […]
Chicago Residents Slam Mayor Johnson for Tax Hike Proposal to Pay for Migrant Crisis
Frustrated Chicagoans called out disgraced Mayor Brandon Johnson at a City Council meeting for proposing a $300 million property tax hike to cover rising costs to address the city's immigration crisis. (Democratic Party). Black Republican voters confronted Johnson at a meeting last week, calling him a “criminal,” “bully” and “loser.” Mr. Johnson is a label […]
Keir Starmer defends inheritance tax change amid farmers’ outrage | Farming
Keir Starmer has strongly defended the imposition of inheritance tax on farmland after new analysis suggested farmers are increasingly being squeezed out of the farmland market by wealthy investors. Mr Starmer said he was “absolutely confident” that the vast majority of farmers would be exempt, as the government and the National Farmers Union (NFU) battle […]
US Government and IRS Confirmed: how to claim $3,600 Child Tax Credit – VIBUS News
The Child Tax Credit is administered by the Internal Revenue Service (IRS).offers families significant rebates of up to $3,600 per eligible child. This initiative aims to provide financial relief to households with dependents, especially during times of economic uncertainty. The IRS has already outlined next year's payment schedule and requirements for accessing this credit. The […]
Trump supporters rip Chicago mayor to his face just before City Council rejects his tax hike
Ahead of the Chicago City Council's vote to unanimously reject Mayor Brandon Johnson's proposed $300 million property tax hike, local residents address the council and the mayor as he attempts to raise taxes with consideration for illegal immigration. criticized him to his face. Of these angry locals Several supporters of President-elect Donald Trump, wearing MAGA […]
Granholm warns that cutting EV tax credits would be ‘ceding’ to China
Energy Secretary Jennifer Granholm warned on Friday that President-elect Trump's reported plan to cut consumer subsidies for electric vehicles (EVs) would benefit China. “What do you do when you remove these credits? You end up ceding territory to other countries, especially China,” Granholm told reporters at the COP29 global climate summit in Baku, Azerbaijan. He […]
‘Rocket fuel for the economy’: Why Trump’s plan to raise tariffs and abolish income tax is brilliant
In Donald Trump's explosive interview on “The Joe Rogan Experience,” the president-elect floated the idea of not only raising tariffs but also eliminating income taxes. meanwhile glenn beck President Trump, who has historically opposed heavy tariffs, may have used that explanation to persuade the host of “The Glenn Beck Program.” “I've always been against tariffs, […]
NYC congestion pricing toll is ‘insane,’ says NJ governor candidate Josh Gottheimer — who promises to fight controversial tax
A New Jersey Democrat who announced his candidacy for the Garden State's next governorship on Friday called New York Gov. Kathy Hochul “insane” for reinstating the much-criticized congestion toll on entering midtown Manhattan. It's not,” he criticized. “That's absolutely ridiculous in the age of inflation. The additional cost for drivers in Jersey went from zero […]
Trump’s transition team aims to kill Biden EV tax credit
President-elect Donald Trump's transition team plans to eliminate the $7,500 consumer tax credit for electric vehicle purchases as part of sweeping tax reform legislation, two people with direct knowledge of the matter said. person told Reuters. Ending the tax credit could have a significant impact on America's already stalled EV transition. Still, representatives from Tesla, […]