Budget Battles
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Harris Tries to Flip Trump’s Biggest Advantages
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US Economy Stronger Than Previously Thought
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Harris Slams Trump’s Economic Plans, Pledges to Grow the Middle Class
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Trump’s Tax Cut Wish List Tops $11 Trillion
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Harris Prepares a New Economic Pitch
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Republicans Defy Trump on Shutdown Threat
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Speaker Johnson Scrambles for Plan B to Avoid a Shutdown
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Harris Tries to Flip Trump’s Biggest Advantages
Former President Donald Trump met with Ukrainian President Volodymyr Zelensky this morning before heading to Walker, Michigan, for a campaign event, where he criticized Vice President Kamala Harris...
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Harris Slams Trump’s Economic Plans, Says She Will Grow the Middle Class
By Michael RaineyVice President Kamala Harris provided an overview of her economic plan Wednesday, expanding upon her vision of an “opportunity economy” built around a thriving middle class. In a speech at the...
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Moody’s Warns Growing Deficits Could Take a Toll on US Credit Rating
By Michael RaineyPolitical polarization could make it more difficult for the next administration in Washington to address the country’s deteriorating fiscal situation, and that may have negative implications for the...
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Trump's Tax Cut Wish List Tops $11 Trillion
By Michael RaineyFormer President Donald Trump is piling up the tax cut proposals as he seeks to win votes from the likes of service workers in Nevada and Social Security recipients in Florida, and the price tag of...
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In Michigan, Trump Pitches Tariffs and Slams Harris on Taxes
In his first appearance on the campaign trail since a second apparent assassination attempt, former President Donald Trump on Tuesday evening made an economic pitch to Michigan voters centered on...
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Trump Pledges to Restore SALT Write-Off
By Michael RaineyDonald Trump suggested Tuesday that he would restore the full tax write-off for state and local taxes, a deduction that was limited to $10,000 in the tax package he signed into law during his time in...
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Trump Says He’ll Push to End Taxes on Overtime Pay
By Michael RaineyRepublican presidential nominee Donald Trump has found another tax he wants to eliminate: federal taxes on overtime pay. Campaigning on Thursday in Tucson, Arizona, Trump told supporters that his new...
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Biden Administration Rolls Out New Rules for Minimum Corporate Tax
By Michael RaineyThe Treasury Department on Thursday released a draft of new rules detailing the corporate alternative minimum tax that was signed into law as part of the 2022 Inflation Reduction Act. Intended to...
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What Harris and Trump Said on Taxes and Healthcare at the Debate
Last night’s debate between Vice President Kamala Harris and former President Donald Trump likely won’t be remembered for fiscal policy points as much as, say, discussion about abortion, immigration...
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Harris Rolls Out More of Her Policy Agenda Ahead of Debate
By Michael RaineyVice President Kamala Harris outlined a policy platform on her campaign website this past weekend, filling in some of the details of how she proposes to address specific issues including taxes, the...
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Trump Added About Twice as Much to National Debt as Biden: Report
Whether Joe Biden or Donald Trump wins the White House in November, the next presidential term is likely to see the national debt reach a record size relative to the U.S. economy. A new analysis by...
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Ted Cruz Offers Bill That Would Exempt Tips From Taxes
By Michael RaineySome fiscal experts are still scratching their heads over a proposal floated by presumptive Republican presidential nominee Donald Trump to eliminate taxes on workers’ tips. The idea seemingly...
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The Supreme Court Rejects a Business-Backed Challenge to 2017 Tax Law
The Supreme Court on Thursday upheld an obscure tax on foreign income imposed under the 2017 tax law, rejecting a challenge by business interests that legal observers warned would have had massive...
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CBO Raises Its 2024 Deficit Forecast 27% to Nearly $2 Trillion
By Michael RaineyThe federal budget deficit will reach an estimated $1.9 trillion in fiscal year 2024, according to an updated outlook released by the Congressional Budget Office Tuesday. The new projection...
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Trump’s Tariffs Would Cost Typical Family $2,500 a Year: Analysis
Former President Donald Trump’s twin proposals to impose a 10% tariff on all imports and a 60% levy on imports from China would raise costs for a typical middle-income American household by $2,500 a...