Budget Battles
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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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Harris Calls for 28% Capital Gains Tax, Breaking With Biden
By Michael RaineyAs she continues to fill in the details of her economic platform, Vice President Kamala Harris on Wednesday called for raising the capital gains tax to 28% for those earning more than $1 million a...
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Trump’s Tax Proposals Would Cost a Staggering $10.5 Trillion: Analysis
Republican presidential nominee Donald Trump and his running mate, Sen. JD Vance, have promised or proposed a bevy of tax cuts and breaks as they campaign for the White House. Together, those plans...
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Harris to Propose Tax Breaks for Small Business
By Michael RaineyVice President Kamala Harris is expected to unveil a new tax proposal on Wednesday that is intended to boost small-business startups, according to multiple reports Tuesday. In a speech in New...
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Harris Launches Ad Blitz Hitting Trump Over Project 2025
Democrats and Vice President Kamala Harris’s campaign continue to hammer former President Donald Trump over Project 2025, the 922-page conservative agenda for the next Republican administration...
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Trump Economic Plans Would Cost More Than $4 Trillion: Analysis
By Michael RaineyAn array of tax and spending proposals put forth by former President Donald Trump would raise the federal budget deficit by more than $4 trillion over the next 10 years, according to an analysis by...
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Borrowing From Trump, Harris Endorses Eliminating Taxes on Tips
By Michael RaineyAs she prepares to release her economic policy platform later this week, Vice President Kamala Harris is borrowing a page from her rival’s playbook, announcing at a campaign rally in Las Vegas on...
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The Fiscal Records of Kamala Harris and Tim Walz
By Michael RaineyJust days into their run for office, Vice President Kamala Harris and Minnesota Gov. Tim Walz have not yet released any detailed policy proposals, but their track records give us a sense of the kinds...
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Deficit Hits $1.5 Trillion in First 10 Months of Fiscal Year: CBO
By Michael RaineyThe federal budget deficit was $1.5 trillion in the first 10 months of the 2024 fiscal year, according to an initial estimate released by the Congressional Budget Office released Thursday. The...
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Trump’s Social Security Tax Plan Would Cost $1.5 Trillion: Analysis
By Michael RaineyFormer President Donald Trump suggested this week that he wants to repeal the income tax on Social Security benefits. “SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!” he posted on his social media...