“As Republicans on Capitol Hill lay the groundwork for extending the 2017 tax cuts, cracks are already emerging on one of the biggest questions: how to handle the cost,” CNBC reports. “Extending the tax provisions is estimated to increase the deficit by $5 trillion, according to the nonpartisan Congressional Budget Office.
BING NEWS:
- Republicans gear up for the coming battle over $5 trillion tax cut's costs
Addressing the tax package is a top priority for Republicans in the coming year. Extending the 2017 tax cuts would add $5 trillion to the deficit over 10 years, according to an estimate from the ...
11/24/2024 - 11:00 am | View Link - Trump's cut to Biden's EV tax credit, backed by Musk, may impact auto industry, experts say
Automotive experts reveal their thoughts on President-elect Trump reportedly considering a slash to the tax credit for electric vehicles.
11/20/2024 - 6:52 am | View Link - Trump win sets up GOP battle between deficit hawks, tax cutters
President-elect Trump’s election win is setting up a fight among Republicans over cutting taxes and reining in the deficit as the party inches toward control of both chambers of Congress.
11/11/2024 - 8:59 pm | View Link - More
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