(The Center Square) – An Illinois congressman is urging lawmakers to extend President Donald Trump’s 2017 tax cuts.

The Center Square

United States

Illinois congressman calls for extending Tax Cuts and Jobs Act

During his first term, Donald Trump received from Barack Obama an economy that grew at a good pace and with a very low unemployment rate and left office with the U.S. plunged into a deep health and economic crisis due to the pandemic. He was the first president with whom he lost employment since Herbert Hoover, in the midst of Great Depression. The deficit and public debt skyrocketed. Still, Trump has the image of a good manager. Now, he receive…

Durante su primer mandato, Donald Trump recibió de Barack Obama una economía que crecía a buen ritmo y con una tasa de paro muy baja y se fue del cargo con Estados Unidos sumido en una profunda crisis sanitaria y económica por la pandemia. Fue el primer presidente con el que se perdió empleo desde Herbert Hoover, en plena Gran Depresión. El déficit y la deuda pública se dispararon. Aun así, Trump tiene imagen de buen gestor. Ahora, recibe de nue…

Los aranceles y rebajas fiscales de Trump definirán una política económica de alto riesgo

Media Bias/Fact Check

El Pais

PRISA

Spain

Trump’s tariffs and tax cuts will define a high-risk economic policy

The tax cuts that were the top legislative achievement of President Trump's first term were not mentioned in his inaugural address, even though their expansion is expected to dominate the agenda...Tax cuts: Nowhere in Trump's speech, and deadlines are running out - ΙΝΑΦΤΕΜΟΡΙΚΙ

Οι φοροελαφρύνσεις που αποτέλεσαν το κορυφαίο νομοθετικό επίτευγμα της πρώτης θητείας του προέδρου Τραμπ δεν αναφέρθηκαν στην εναρκτήρια ομιλία του, παρόλο που η επέκτασή τους αναμένεται να μονοπωλήσει την ατζέντα…Φορολογικές περικοπές: Πουθενά στην ομιλία Τραμπ, και οι προθεσμίες τελειώνουν - Η ΝΑΥΤΕΜΠΟΡΙΚΗ

Φορολογικές περικοπές: Πουθενά στην ομιλία Τραμπ, και οι προθεσμίες τελειώνουν

Naftemporiki

Tax cuts: Nowhere in Trump's speech, and deadlines are running out

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Franklin News Foundation

Ending the 17-year-old federal conservatorship of Fannie Mae and Freddie Mac could help offset the cost associated with extending President Trump's 2017 tax legislation, which expires this year. But getting to that point is difficult, especially with a budget battle just months away.

American Banker

Arizent

GSE privatization could help pay for tax cuts, but not easily

(The Center Square) – An Illinois congressman is urging lawmakers to extend President Donald Trump’s 2017 tax cuts. Many provisions of the Tax Cuts and Jobs Act are set to expire at the end of this year including the current individual tax brackets and standard deduction. 
During a recent U.S. Ways and Means Committee hearing, Illinois U.S. Rep. Darin LaHood, R-Peoria, said the legislation has been beneficial for the U.S. economy. “It is the mos…

News/Talk 94.7 & 970 WMAY

Tax cuts were a hallmark of Donald Trump's first term, but the president may face a tougher challenge this time.

Money

Congress Is Gearing Up for a Fight Over Trump’s Tax Cuts

Once the fanfare of Donald Trump’s inauguration fades, Congress has to get to work on taxes — and it won’t be pretty. At issue is the Tax Cuts and Jobs Act of 2017, which was a hallmark of Trump’s first term. Abbreviated TCJA, the law made sweeping changes to the U.S. tax code that slashed the average person’s income taxes by about $1,600 in 2018 (but benefited wealthy households the most).

Illinois congressman calls for extending Tax Cuts and Jobs Act

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