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Trump, Senate and Tax Cut

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Reuters |
U.S. Senate Republicans planned a first step on Thursday toward advancing President Donald Trump's sweeping tax cut agenda with a procedural vote that will test party unity in the face of concerns tha...
CNN |
The House resolution calls for at least $1.5 trillion in cuts. The Senate’s version, meanwhile, calls for $4 billion in cuts – although senators argue they set a lower marker to allow for maximum fle...

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Republicans moving ahead with Trump’s ‘big’ bill of tax breaks and spending cuts amid tariff uproar
After a long wait, the Senate is launching action on President Donald Trump’s ”“big, beautiful bill” of tax breaks and spending cuts.
US Senate Republicans to vote on Trump's sweeping tax cut plan
U.S. Senate Republicans planned a first step on Thursday toward advancing President Donald Trump's sweeping tax cut agenda with a procedural vote that will test party unity in the face of concerns that it does not include sufficient spending cuts.
Senate Unveils Plan to Fast-Track Tax Cuts, Debt Limit Hike
Senate Republicans unveiled a budget blueprint designed to fast-track a renewal of President Donald Trump’s tax cuts and an increase to the nation’s borrowing limit, ahead of a planned vote on the resolution later this week.
Senate GOP unveils new budget blueprint and braces for another vote-a-rama
Senate Republicans unveiled their new budget blueprint Wednesday afternoon, paving the way for the Senate and House to finally inch closer to advancing President Donald Trump’s immigration and tax agenda.
Senate GOP's Budget Plan: $1.5T In Tax Cuts, $5T Debt Limit Hike—What You Need To Know
Republicans are using the accounting method called the "current policy baseline" to show that extending Trump's tax cuts would cost nothing. Democrats strongly oppose this, calling it "magic math" because it hides the true cost,
Senate Republicans release budget blueprint with new tax cuts and a $5 trillion debt limit hike
Senate Republicans released a new budget blueprint Wednesday that would pave the way for $1.5 trillion in new tax cuts in addition to making President Donald Trump’s 2017 tax cuts permanent.

Trump ends tax exemption for low-value Chinese imports

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Associated Press News |
President Donald Trump is ending a little-known but widely used exemption that has allowed as many as 4 million low-value parcels — most of them originating in China — to arrive in the U.S. every day...
BBC |
US President Donald Trump announced a sweeping new set of tariffs on Wednesday, arguing that they would allow the United States to economically flourish.
Reuters |
Sweeping tariffs imposed by U.S. President Donald Trump on Wednesday are set to increase prices of cannabis products in the country, as many firms rely on Asia for manufacturing.

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No more cheap skirts: Trump ends tax exemption for low-value Chinese imports
A notice to customers dazzled by the low-priced products on Chinese shopping apps: the days of getting trendy clothing, tools and gag gifts that cost less than lunch delivered to your door in 10 days are probably numbered.
Trump announces 10 percent tariffs on all imports, additional taxes for some 60 countries
President Donald Trump said Wednesday that he will impose a new 10 percent tariff on all imported goods along with higher import taxes tailored for each of about 60 countries that his advisers say maintain the largest barriers against U.
Trump announces 10% tariff on all imports, ratcheting up pressure in global trade war
President Donald Trump and his advisers landed on tariffs of at least 10% on imports, with nearly 60 countries and the EU facing even higher taxes.
Trump's tariffs on China, EU and more, at a glance
US President Donald Trump announced a sweeping new set of tariffs on Wednesday, arguing that they would allow the United States to economically flourish. These new import taxes, which Trump imposed via executive order,
Trump's tariffs stoke global trade war as China, EU vow response
President Donald Trump's move to slap a 10% tariff on most goods imported to the United States, as well as much higher levies on dozens of rivals and allies alike, has intensified a global trade war that threatens to stoke inflation and stall growth.
FirstFT: Trump hits US trading partners with sweeping new tariffs
US President Donald Trump just announced steep tariffs on the country’s major trading partners. Here’s what to know. ‘Reciprocal tariffs’: The US will impose so-called reciprocal tariffs on China of 34 per cent and hit the EU with a levy of 20 per cent.
High just got higher: Trump tariffs to raise prices for US cannabis users
Sweeping tariffs imposed by U.S. President Donald Trump on Wednesday are set to increase prices of cannabis products in the country, as many firms rely on Asia for manufacturing. The latest levies will stack up on any duties imposed earlier on countries like China,
US tariffs will clearly have economic impact - PM
Donald Trump's tariffs will "clearly" have an economic impact on the UK and globally, Prime Minister Sir Keir Starmer has told business leaders in Downing Street. On Wednesday, the US president announced taxes on goods coming into his country including 10% on all UK imports and 20% on those from the European Union.
China urges US to immediately lift tariffs, vows retaliation
China on Thursday urged the United States to immediately cancel its latest tariffs and vowed countermeasures to safeguard its own interests, after President Donald Trump declared sweeping levies on U.
Ted Cruz Speaks Out Against Donald Trump's Tariffs: 'Tax on Consumers'
The Texas Senator said he is "not a fan of jacking up taxes on American consumers" and hopes the tariffs are "short-lived."
5 ways to fix your unfiled tax returns
The IRS won't just forget about unfiled taxes, so if you're behind on tax filings, it helps to know how to fix the issue.
Measuring the cost of extending Trump’s tax cuts becomes a flashpoint in Congress
Senate Republicans are looking to change how extending many of Trump’s 2017 tax cuts would be scored when it comes to future federal deficits. The Congressional Budget Office has projected that extending the cuts would increase deficits by nearly $4 trillion over the coming decade.
Trump orders IRS to stop sending, accepting checks: What that means for tax refunds
The IRS no longer will issue paper checks or take payments by check under an order from President Trump. Here's what we know.
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How to qualify for IRS tax forgiveness, according to experts
IRS relief programs may reduce or eliminate tax debt for qualified taxpayers. Here's what experts say to know.
As tax hit looms, UK employers prepare to push up prices
Pub owner Philip Thorley sees only one direction for his prices once a tax hike for British employers kicks in next week: up. That may be bad news for the Bank of England, which plans to lower interest rates to help the sluggish economy.
N.J. wants to tax ‘fun’ activities like go-karts and laser tag. Some key leaders are saying no.
The proposed new taxes would cover go-cart racing, batting cages, laser tag, bowling, interior design services, horse training and much more.
US Senate Republicans vote to advance Trump's sweeping tax cut plan
U.S. Senate Republicans took a procedural step forward on President Donald Trump's sweeping tax cut agenda on Thursday, overcoming concerns among some Republican lawmakers that the plan does not include sufficient spending cuts.
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