Trump, GOP and tax
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Soy Nómada on MSNTax cut or tax scam? The debate over the 'Big Beautiful Bill' heats upTrump’s ‘Big Beautiful Bill’ ignites fierce debate—praised as a tax cut by supporters, slammed as a giveaway to the wealthy by critics—leaving the nation divided.
The Senate needs 51 votes to pass the bill, which has already sparked opposition from moderate and conservative Republicans.
The full committee will debate and advance this legislation on ... Extend Trump's 2017 tax cuts One of Trump's goals is to fully extend the trillions in tax breaks he enacted via the Tax Cuts ...
The legislation that Republicans are trying to push through Congress could swell the very fiscal imbalance that party leaders have promised to tame for years.
These are the stories that underlie all the statistics that we hear about what tax cuts meant for the economy and individual businesses.
The plan would move Ohio to a flat 2.75% tax starting in 2026. Currently, Ohio taxes people who earn $26,051 to $100,000 at 2.75%, and those making over $100,000 are taxed at 3.5%. Ohioans who make less than $26,051 don't pay taxes, which wouldn't change under the Senate proposal.
The Senate budget proposes an even bigger tax cut in 2027, lowering the rate another half-point to 3.49%. But the economic forecasters who work for state lawmakers say that's likely to leave the ...