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Keywords: Tax Cuts


Senate debates Trump’s expansive tax and spending bill

The United States Senate has launched an intensive debate over President Donald Trump's 940-page economic proposal, dubbed the “Big, Beautiful Bill.” The legislation offers significant tax cuts and deep reductions in healthcare and food assistance programs, prompting heated discussions......

Trump tax-cut plan estimated to add $2.4 trillion to national debt

The nonpartisan Congressional Budget Office (CBO) revised its forecast on Wednesday, lowering the expected cost of President Donald Trump’s tax-cut and spending legislation. The updated projection estimates the plan will increase the national debt by approximately $2.4 trillion, down from a previous......

Trump's Impact on Mike Johnson's Reelection as House Speaker Amid GOP Divisions

On January 3, U.S. House of Representatives Speaker Mike Johnson secured reelection to the position by a narrow margin, showcasing the potential fractures within the Republican Party under President Donald Trump’s influence. Johnson’s victory in a roll-call vote, which lasted nearly two hours,......

A Cautious Approach Federal Reserve's Slow Path to Rate Cuts

The Federal Reserve is poised to announce a quarter-point reduction in its benchmark interest rate, lowering it from approximately 4.6% to around 4.3%. While this marks a continuation of recent cuts, the pace of rate reductions is expected to slow in 2025, signaling a shift in the central bank's......

Trump Announces Scott Bessent as Treasury Secretary Amid Cabinet Shakeup

U.S. President-elect Donald Trump has selected billionaire investor and hedge fund manager Scott Bessent to serve as Treasury Secretary, marking a critical appointment in shaping his economic agenda. The announcement comes during a wave of high-profile cabinet nominations following a withdrawal by Trump’s......

Trump's Return to Power: Promises and Challenges Ahead

In a decisive electoral outcome, Donald Trump has secured his return to the White House, garnering 72,652,827 votes (50.8%) against Kamala Harris's 67,941,881 votes (47.5%). With the Republican Party regaining control of the Senate, Trump is poised to advance his political agenda with considerable......