Tax cuts

President Trump arrives at a campaign rally in Elkhart, Ind., on May 10, where he tried to fire up support for GOP Senate candidate Mike Braun, who is challenging Democratic incumbent Sen. Joe Donnelly in a state Trump won easily in 2016.

Politics & Government

Trump Is Sticking To His Playbook To Win The Midterms

3:44pm May 24, 2018

by Mara Liasson

His approval numbers, the economy — even the Russia probe — could all help Trump boost the GOP. But some in the White House worry Republicans in Congress don't understand the headwinds 2018 brings.

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President Trump displays the $1.5 trillion tax cut package he had just signed on Dec. 22, 2017.

$1 Trillion Deficits To Return, National Debt To Rise, Projects CBO

6:06pm April 09, 2018

by Susan Davis

The nonpartisan Congressional Budget Office released its first 10-year economic outlook to factor in the GOP's 2017 tax cuts and a recent two-year spending deal.

Among the promises President Trump has kept during his first year in office is passing a tax bill, which he signed in December.

Politics & Government

From Taxes To The Swamp: Trump's Promises, Kept And Incomplete, 1 Year In

9:18am January 18, 2018

by Scott Horsley

In 2016, Donald Trump offered a list of things he wanted to accomplish as president. As his first anniversary in office approaches, here is what he can check off and what is incomplete.

A fridge holds Anheuser-Busch's Budweiser and Grupo Modelo's Corona Light beers. Lawmakers are touting craft breweries as the winners from the tax cuts, but public health officials are concerned about lost tax revenues and rising public costs.

Health Experts Worry Brewer Tax Cuts May Increase Costs To Nondrinkers

1:37pm January 09, 2018

by Emily Sullivan

Supporters of a tax cut for beer brewers say it will boost jobs. Critics say it will reduce tax revenues that offset the costs of excessive drinking, related to health problems and drunken driving.

President Trump speaks about the passage of tax legislation on the South Lawn of the White House on Wednesday.

Politics & Government

Trump Celebrates Legislative Win After Congress Passes $1.5 Trillion Tax Cut Bill

3:48pm December 20, 2017

by Arnie Seipel

Congressional Republicans delivered on their first major legislative accomplishment of the Trump era on Wednesday, when the House voted 224-201 to pass the tax package.

Sens. Jeff Flake, R-Ariz., Bob Corker, R-Tenn., and Ron Johnson, R-Wis., seen at a hearing earlier this month, held up floor action on Thursday evening over concerns about how to control the deficit if the GOP tax bill doesn't result in strong economic gr

Politics & Government

Senate GOP Tax Bill Hits Speed Bump Over Deficits

9:29pm November 30, 2017

by Kelsey Snell

Republicans are reworking ways to control future deficits if the tax plan doesn't produce the economic growth they are promising. Senate votes are on hold until late Friday morning.

The U.S. Capitol at dawn on Thursday, hours before the Senate began debate on a sweeping GOP tax bill.

Senate Debates GOP Tax Bill: What To Watch For

11:14am November 30, 2017

by Arnie Seipel

There is still a scramble to lock down enough votes for GOP leaders to pass their overhaul of the nation's tax code. The bill is a work in progress on the Senate floor today.

Senate Majority Leader Mitch McConnell, R-Ky., Senate Finance Committee Chairman Orrin Hatch, R-Utah, and Treasury Secretary Steven Mnuchin speak to reporters about the Senate's version of the GOP tax reform bill.

Politics & Government

6 Possible Hurdles For The GOP Tax Plan

7:36am November 26, 2017

by Kelsey Snell

Congressional Republicans hope to pass a sweeping tax overhaul before Christmas, but first they'll have to resolve some major policy differences that could derail the bill.

A University of Chicago poll asked top economists what they think of the Republican tax plan. Figures may not add up to 100 because some economists did not answer.

Poll: Economists Unanimous That Debt Would Balloon Under GOP Tax Plan

6:01am November 23, 2017

by Danielle Kurtzleben

A poll found that 38 economists agree the GOP tax plan will not pay for itself through growth. In fact, they're doubtful that growth will happen anyway.

Politics & Government

How Republicans Can 'Shoehorn' Temporary Tax Cuts In For Good

11:15am November 20, 2017

by Kelsey Snell

The White House budget director said the Senate GOP bill cuts individual rates for just eight years to "game the system" and hopes those cuts become permanent. It happened before, sparking a crisis.