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In 2019, when then-President Donald Trump was considering higher tariffs on goods from Mexico, Grover Norquist, the president of Americans for Tax Reform, held an unequivocal view: “Tariffs are taxes.”
WASHINGTON ― Former President Donald Trump’s statement on Tuesday in favor of an unlimited federal tax deduction for state and local taxes ― a flip-flop from the stance he held during his presidency ― left heads spinning on Capitol Hill.
At his first post-debate rally on Thursday, Donald Trump said he would end taxes on overtime work if he were elected president again.
WASHINGTON ― Republicans never proposed a tax break on tips before, but now that Donald Trump has embraced the idea, several lawmakers are putting it into legislation.
Sen. Elizabeth Warren (D-Mass.), a leading figure in the Democratic Party’s liberal wing, warned her fellow Democrats on Monday to not shy away from next year’s fight over whether to extend temporary tax cuts enacted by former President Donald Trump in 2017.
Former president Donald Trump on Thursday raised the prospect of scrapping the U.S. income tax system and replacing it with something very different: much higher tariffs on imported goods.
A senior White House official said that Republicans’ plans to extend or expand the temporary tax cuts put in place in 2017 would likely come at the expense of ordinary Americans.
Rishi Sunak launched the Conservative party manifesto on Tuesday with pledges to cut taxes at the core of the offering as he bids to breathe new life into his campaign.