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Trump, tax cut and Republicans
Republicans Eye Shorter Tax-Cut Extension to Keep Down Cost
WASHINGTON—House Republicans, struggling with their narrow majority and lawmakers’ demands for spending cuts, are considering an extension of President Trump’s expiring tax cuts that would last for as little as five years.
Republicans stare down massive deficits to extend Trump tax cuts
Caught between the debt and their tax base, Republicans are considering some novel ways to account for the cost of their legislative agenda as disagreements over budget cuts look set to hamstring
Republican Senators Break With House Over Trump Tax Cuts Strategy
Senate Republicans broke with their House counterparts on pivotal legislation to carry out President Donald Trump’s agenda Wednesday after weeks of rising frustration with House Speaker Mike Johnson’s inability to overcome ideological infighting among lawmakers.
Kentucky Senate passes income tax cut
CT Senate GOP: Cut income tax, freeze state employee wages
In addition to a state employee wage freeze and income tax cut, CT Republicans want to cap municipal property tax increases at 2%.
Kentucky lawmakers send bill to cut the state's income tax to the governor. He supports it.
Final passage came on a 34-3 Senate vote to lower the tax to 3.5% from 4% at the start of 2026. The bill goes to Democratic Gov. Andy Beshear, who has said he supports the tax cut. It continues a downward trend in the personal income tax rate since the GOP gained full control of the legislature in 2017.
Kentucky legislature passes bill to cut individual income tax
The Kentucky legislature passed House Bill 1, which reduces the state's individual income tax from 4% to 3.5%.
6d
To Pay for Trump Tax Cuts, House GOP Floats Plan to Slash Benefits for the Poor and Working Class
A menu of options being circulated by congressional Republicans also includes new tax cuts for corporations and the ...
Marketplace
7h
A look at the economic impact of the 2017 tax cuts
When Trump slashed corporate taxes from 35% to 21% in 2017, corporate spending rose but not enough to make up for government losses.
2d
on MSN
Va. lawmakers float broad tax cuts instead of Youngkin’s targeted plan
Bipartisan committees in the Virginia House and Senate proposed ditching the governor’s plan to eliminate taxes on tips and ...
5d
What Is the Tax Cuts and Jobs Act (TCJA)?
Tax Cuts and Jobs Act was a major tax code overhaul that cut taxes for individuals and businesses. Many of its reforms expire in 2025.
6d
Gov. Reeves urges tax cuts in State of the State address for Mississippi. See what he said
Gov. Tate Reeves pushed tax cuts and touted economic development during his annual State of the State Address.
Governing
1d
When It Comes to Tax Cuts, South Carolina Is a Red State Outlier
South Carolina residents are seeing rates go down thanks to a law passed in 2022, but the state still charges a lot more than North Carolina and other southeastern neighbors.
2d
India Tax Cuts to Lift Saving, Consumption, Says Kotak Executive
The extra cash in the hands of people following the tax tweaks in India’s budget will have a “multiplier effect on the ...
2d
on MSN
Florida Gov. DeSantis releases proposed state budget for 2025-26, includes more tax cuts
The highlights include new tax relief, such as a “Second Amendment Summer” tax holiday from Memorial Day to July 4, exempting ...
8h
on MSN
GOP rebels push for $2.5 trillion cuts in Trump budget bill during tense closed-door meeting
House Republicans are still wading through several disagreements on reconciliation before they can meet their first key ...
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