Trump’s Tax Cuts

Democrats see Trump's big bill as key to comeback. But it won't be easy

It is big and it is beautiful, says President Donald Trump. But for many Democratic leaders, the tax break and spending cut package adopted by Trump's Republican allies in Congress Thursday represents the key to the Democratic Party's resurgence. Even before the final vote was tallied, Democratic officials were finalising ambitious plans for rallies, voter registration drives, attack ads, bus tours and even a multiday vigil all designed to highlight the most controversial elements of Trump's big beautiful bill: the deep cuts to the nation's safety net that will leave nearly 12 million more Americans without health coverage and millions of others without food assistance, according to the nonpartisan Congressional Budget Office. Indeed, in political battlegrounds across Alaska and Iowa, Pennsylvania and California, Democrats have already begun to use Trump's bill to bludgeon their Republican rivals. Democrats are promising that the package Trump's biggest domestic policy achievement

Trump announces Big Beautiful Bill signing celebration, says party united

The $3.4 trillion fiscal package was passed with a 218-214 vote in the House. It aims to cut taxes, limit spending on safety-net programmes

Senate Republicans unveil new tax-cut plan, slash health coverage for poor

The bill would preserve Trump's first-term tax cuts and create several new breaks that he championed on the campaign trail - including eliminating taxes on tips

Senate holds late vote on GOP tax cuts, spending plan key to Trump agenda

Senators dived into a contentious late night or all-night debate Friday over a Republican budget plan that's central to President Donald Trump's agenda for trillions of dollars in tax breaks and boosts to border security and defense spending, all while slashing other government spending. It could not have come at a more difficult political moment. The US economy is churning over Trump's vast tariff scheme sent stocks plummeting, and experts are warning of soaring costs for consumers at home and threats of a potential recession. Even some Republicans have expressed concerns. But GOP leaders with a nod from Trump are determined to march ahead, pushing past a hardened line of opposition from Democrats, who are unified as they decry tax breaks for the wealthy at the expense of federal programs Americans rely on. Approval, expected by Saturday morning, would give Republicans the chance in coming months to muscle a tax cut bill through both chambers of Congress, just as they did in ...

Global stocks, dollar jump as House advances Trump's tax cut plans

The Republican-controlled US House of Representatives late on Tuesday narrowly passed Trump's $4.5 trillion tax-cut plan

Donald Trump's murky tariff policy sets the stage for market volatility

Trump enters office with an ambitious agenda spanning trade, immigration, tax cuts and deregulation which has the potential to boost US corporate profits

Explained: How FedEx cut its tax bill to $0 in fiscal year 2018

The company, like much of Corporate America, has not made good on its promised investment surge from President Trump's 2017 tax cuts

Trump looking at possible tax cuts, asset sale amid economic recession fear

Trump dismissed fears of a slowdown, extolling low unemployment and a rising stock market over his tenure

White House mulling tax cut, reviving tariffs to avoid recession: Report

Trump on Sunday pushed back against talk of a looming recession after a raft of US data reports last week gave a mixed outlook for the economy

Trump's tax cuts in hand, firms spend more on themselves than on wages

As the tax cuts kick in, companies have laid out a variety of uses for the money