US Politics in Trump era Public date: 02.10.2020 20:59:01

Publisher: Washington Post

Author:

21 Aug 2019

Trump confirms he’s considering a payroll tax cut amid mounting economic concerns

President Trump on Tuesday confirmed that he is considering whether to push for a temporary payroll tax cut amid mounting concerns about an economic slowdown. Trump’s comments pulled back the curtain on a freewheeling policy process within the White House. Senior administration officials are both trying to assess the real weaknesses in the economy while also determining whether they should take any steps to intervene before the 2020 elections.
President Trump on Tuesday confirmed that he is considering whether to push for a temporary payroll tax cut amid...
Tags:
campaign promises, economy, governance, recession, tax policy
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Publisher: Washington Post

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10 Jul 2019

Treasury could breach debt ceiling in first half of September, much sooner than previously thought

The U.S. government could run out of money to pay all of its bills by early September if Congress doesn’t rush to raise the debt ceiling, a think tank said Monday, a time frame that could force lawmakers to act much sooner than planned. The Bipartisan Policy Center said that the Treasury Department could breach the borrowing limit in two months because the government has brought in far less tax revenue this year than was projected.
The U.S. government could run out of money to pay all of its bills by early September if Congress doesn’t rush to...
Tags:
deficits, governance, republicans, tax policy
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Publisher: Washington Post

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11 Aug 2018

In America, wage growth is getting wiped out entirely by inflation

Rising prices have erased U.S. workers’ meager wage gains, the latest sign strong economic growth has not translated into greater prosperity for the middle class and working class. Cost of living was up 2.9 percent from July 2017 to July 2018, the Labor Department reported Friday, an inflation rate that outstripped a 2.7 percent increase in wages over the same period.
Rising prices have erased U.S. workers’ meager wage gains, the latest sign strong economic growth has not translated...
Tags:
economy, governance, inflation, tax policy
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Publisher: Washington Post

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8 May 2018

Trump calls on Congress to pull back $15 billion in spending, including on Children’s Health Insurance Program

“Let’s be honest about what this is: President Trump and Republicans in Congress are looking to tear apart the bipartisan [CHIP], hurting  middle-class families and low-income children, to appease the most conservative special interests and feel better about blowing up the  deficit to give the wealthiest few and biggest corporations huge tax breaks,” Senate Minority Leader Charles E. Schumer (D-N.Y.) said Monday.
“Let’s be honest about what this is: President Trump and Republicans in Congress are looking to tear apart the...
Tags:
conservatives, extreme measures, governance, healthcare law, tax policy
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Publisher: Washington Post

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2 May 2018

Trump’s former health secretary: Americans will pay more because GOP weakened Obamacare

President Trump's former top health official on Tuesday said the Republican tax law would raise the cost of health insurance for some Americans because it repealed a core provision of the Affordable Care Act.
President Trump's former top health official on Tuesday said the Republican...
Tags:
governance, healthcare law, republicans, tax policy
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Publisher: Washington Post

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28 Nov 2017

Senate GOP tax bill hurts the poor more than originally thought, CBO finds

The Senate Republican tax plan gives substantial tax cuts and benefits to Americans earning more than $100,000 a year, while the nation’s poorest would be worse off, according to a report released Sunday by the nonpartisan Congressional Budget Democrats have repeatedly slammed the bill as a giveaway to the rich at the expense of the poor. In addition to lowering taxes for businesses and many individuals, the Senate bill also makes a major change to health insurance that the CBO projects would have a harsh impact on lower-income families.Office.
The Senate Republican tax plan gives substantial tax cuts and benefits to Americans earning more than $100,000 a year,...
Tags:
99 percent, democrats, governance, healthcare law, republicans, tax policy
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Publisher: Washington Post

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21 Oct 2017

Senate approves budget in crucial step forward for Republican tax cuts

The Senate approved the Republican-backed budget Thursday night, a major step forward for the GOP effort to enact tax cuts. The budget’s passage will allow the GOP to use a procedural maneuver to pass tax legislation through the Senate with 50 or more votes, removing the need for support from Democratic senators.
The Senate approved the Republican-backed budget Thursday night, a major step forward for the GOP effort to...
Tags:
governance, republicans, tax policy
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