US Politics in Trump era Public date: 29.08.2019 01:16:39

Publisher: NYTimes

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25 Jun 2019

Stung by Trump’s Trade Wars, Wisconsin’s Milk Farmers Face Extinction

Wisconsin is known as “America’s Dairyland,” but the milk makers who gave the state its moniker are vanishing, falling prey to a variety of impediments, including President Trump and his global trade war.
Wisconsin is known as “America’s Dairyland,” but the milk makers who gave the state its moniker are vanishing,...

Publisher: NYTimes

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10 May 2019

Trump Says China Tariffs Will Increase as Trade Deal Hangs in the Balance

President Trump said on Thursday that the United States would raise tariffs on $200 billion of worth of Chinese goods on Friday morning and begin the process to tax nearly all of China’s imports as he accused Beijing of trying to “renegotiate” a trade deal.
President Trump said on Thursday that the United States would raise tariffs on $200 billion of worth of Chinese goods on...

Publisher: NYTimes

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23 Mar 2019

Trump Reverses North Korea Sanctions That U.S. Imposed Yesterday

President Trump undercut his own Treasury Department on Friday by announcing that he was rolling back North Korea sanctions that it imposed just a day ago. The move, announced on Twitter, was a remarkable display of dissension within the Trump administration and represented a striking case of a White House intervening to reverse a major national security decision made only hours earlier by the president’s own officials.
President Trump undercut his own Treasury Department on Friday by announcing that he was rolling back North Korea...

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7 Mar 2019

Regulators Move to Ease Post-Crisis Oversight of Wall Street

Federal regulators moved on Wednesday to ease oversight of the country’s largest banks and other financial firms, continuing a push by the Trump administration to reverse rules that were put in place following the 2008 financial crisis.The Federal Reserve said it would adjust the structure of its annual “stress tests,” which measure the ability of leading banks to withstand a potential economic or financial storm. The changes are likely to make it easier for banks to get regulatory approval to pay higher dividends or buy back their own shares.
Federal regulators moved on Wednesday to ease oversight of the country’s largest banks and other financial firms,...

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31 Jul 2018

Trump Administration Mulls a Unilateral Tax Cut for the Rich

The Trump administration is considering bypassing Congress to grant a $100 billion tax cut mainly to the wealthy, a legally tenuous maneuver that would cut capital gains taxation and fulfill a long-held ambition of many investors and conservatives.Steven Mnuchin, the Treasury secretary, said in an interview on the sidelines of the Group of 20 summit meeting in Argentina this month that his department was studying whether it could use its regulatory powers to allow Americans to account for inflation in determining capital gains tax liabilities.
The Trump administration is considering bypassing Congress to grant a $100 billion tax cut mainly to the wealthy, a...

Publisher: NYTimes

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20 Jun 2017

C.B.O. Head, Who Prizes Nonpartisanship, Finds Work Under G.O.P. Attack

The Congressional Budget Office, a provider of cost estimates for legislation, has been under intense pressure from top Trump administration officials. “We’re a nonpartisan place and we’re working in a partisan world and we get treated as if we’re partisan,” Mr. Hall, 60, said in an interview at his fourth-floor office, which sits in the shadow of the Capitol. “That’s unfortunate.” Most recently, the partisan pressure has been coming directly from top Trump administration officials.
The Congressional Budget Office, a provider of cost estimates for legislation, has been under intense pressure from top...

Publisher: NYTimes

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18 Apr 2017

Trump’s Unreleased Taxes Threaten Yet Another Campaign Promise

As a candidate, Mr. Trump declared that he understood America’s complex tax laws “better than anyone who has ever run for president” and that he alone could fix them. But it is becoming increasingly unlikely that there will be a simpler system, or even lower tax rates, this time next year. The Trump administration’s tax plan, promised in February, has yet to materialize; a House Republican plan has bogged down, taking as much fire from conservatives as liberals; and on Monday, Treasury Secretary Steven Mnuchin told The Financial Times that the administration’s goal of getting a tax plan signed by August was “not realistic at this point.”
As a candidate, Mr. Trump declared that he understood America’s complex tax laws “better than anyone...

Publisher: NYTimes

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13 Apr 2017

Trump Reversals Hint at Wall Street Wing’s Sway in White House

President Trump made three startling economic policy reversals on Wednesday, stepping away from pledges he made as a candidate and even policies he supported only days ago. The shifts confounded many of Mr. Trump’s supporters and suggested that the moderate financiers he brought from Wall Street are eclipsing the White House populist wing led by Stephen K. Bannon, the political strategist who is increasingly being sidelined by the president.
President Trump made three startling economic policy reversals on Wednesday, stepping away from pledges he...

Publisher: NYTimes

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25 Feb 2017

Did Someone Say ‘Tax Code Rewrite’? Lobbyists Scramble

The homebuilders lobby fears that an ambitious rewrite of the entire tax code will stifle the housing market. Retailers fret that it will make the cost of their imports soar. For charities and their representatives, the worry is that donations will be stunted, plaguing nonprofit groups that serve the neediest Americans.
The homebuilders lobby fears that an ambitious rewrite of the entire tax code will stifle the housing...

Publisher: NYTimes

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24 Jan 2017

Federal Debt Projected to Grow by Nearly $10 Trillion Over Next Decade

After seven years of fitful declines, the federal budget  deficit is projected to begin swelling again, adding nearly $10 trillion to the federal debt over the next 10 years, according to projections from the nonpartisan Congressional Budget Office that reveal the strain that government debt will have on the economy as  President Trump embarks on plans to slash taxes and ramp up spending.
After seven years of fitful declines, the federal budget  deficit is projected to begin swelling again, adding...

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