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US House tax committee unveils partial tax plan to achieve Trump agenda

Reuters

Summary

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"80% Tariff on China seems right!" Trump wrote on his Truth Social platform, which would bring them down from 145 percent, with cumulative duties on some goods reaching a staggering 245 percent.
International Business Times AU
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House Republicans released a portion of President Donald Trump’s tax agenda late on Friday evening, bringing them one step closer to completing the commander-in-chief’s "big, beautiful bill."
Fox News
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A cornerstone of the bill is a proposal to make permanent the Tax Cuts and Jobs Act (TCJA) that came into effect under the last Trump administration, which cut corporation tax from 35pc to 21pc and reduced the top rate of income tax from just under 40pc to 37pc.
The Telegraph
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House Republicans rolled out the first pieces of a roughly $4 trillion tax cut they hope to pass, including measures that would last just for President Trump’s term.
The New York Times

■ Story #41 ▪

issue 88:88 ▪

189 items ▪

26 sources ▪

updated 88:88

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