Latest in Republicans Like to Cut Taxes. With Tariffs, Trump Is Raising Them.
Sort by
2,782 items
-
Republicans Like to Cut Taxes. With Tariffs, Trump Is Raising Them.
President Trump’s tariffs are scrambling the Republican plan for the economy, long centered on tax cuts and growth.The New York Times - 1d -
Republicans Want to Make the Trump Tax Cuts Last Forever
Senate Republicans are hoping to ice Democrats out from deciding the fate of President Trump’s 2017 tax cuts, a move that Democrats could eventually use against them.The New York Times - 5h -
Schumer on Trump's new tariffs: A 'huge tax on American families' to 'help billionaires get a tax cut'
Senate Minority Leader Chuck Schumer (D-N.Y.) on Wednesday slammed President Trump’s sweeping new tariffs, calling them a “huge tax” on the average American family. “This is a huge tax on American ...The Hill - 3d -
Republicans moving ahead with Trump's 'big' bill of tax breaks and spending cuts
After a long wait, the Senate is launching action on President Donald Trump’s ”“big, beautiful bill” of tax breaks and spending cutsABC News - 2d -
Senate Republicans release budget blueprint with new tax cuts and a $5 trillion debt limit hike
Senate Republicans released a new budget blueprint Wednesday that would pave the way for $1.5 trillion in new tax cuts in addition to making President Donald Trump’s 2017 tax cuts permanent.NBC News - 3d -
Senate Republicans eye budget vote amid growing fight over Trump tax cuts
Eying a vote on a multitrillion-dollar budget blueprint this week, Senate Republicans are considering a far-reaching move to that would set a $0 cost for making President Donald Trump’s tax cuts ...NBC News - 4d -
Senate Republicans set to bypass parliamentarian on Trump tax cuts
Republicans are set to make the audacious play of bypassing the Senate parliamentarian and moving forward with a budget resolution based on a scoring baseline set by Budget Committee Chair Lindsey ...The Hill - 4d -
Senate Republicans eye budget resolution vote this week with reduced spending cuts
Senate Republicans are hoping to vote on a budget resolution this week that would pave the way for President Trump’s “big, beautiful bill” encompassing tax cuts, border security and energy ...The Hill - 3d -
Fed chair says Trump tariffs will likely raise inflation, slow economy
U.S. Fed Chair Jerome Powell says the Trump administration's expansive new tariffs will likely lead to higher inflation and slower growth.CBS News - 1d -
Pence on Trump tariffs: 'Largest peacetime tax hike in U.S. history'
Former Vice President Mike Pence warned about the economic and political risks of the Trump administration’s sweeping reciprocal tariffs on other nations, calling them the “largest peacetime tax ...The Hill - 2d -
Small Businesses Face a ‘Tornado’ of Challenges: Cuts, Freezes and Now Tariffs
President Trump vowed to aid entrepreneurs by reducing taxes and slicing red tape. But some owners say other policies have put them at a disadvantage.The New York Times - 51m -
What are reciprocal tariffs, and why does Trump want to impose them?
President Trump announced reciprocal tariffs today on a number of other countries. Here's what to know about these import taxes.CBS News - 3d -
5 things to know about Republicans’ new blueprint to pass Trump's agenda
Senate Republicans on Wednesday rolled out a 70-page blueprint to advance President Trump’s tax agenda, along with directions that could pave the way for more than a trillion dollars in cuts to ...The Hill - 3d -
GOP tax proposals could add $9 trillion to nation’s deficits: Analysis
A menu of tax cut proposals made by President Trump and Republicans could add north of $9 trillion to the nation’s deficits over the next decade without offsets, a recent analysis from the Peter G. ...The Hill - 4d -
For Republicans, Tariffs Pose a Risk Like No Other
Trump’s political strength is built on the economy. If it sinks, he could drag his party down with him.The New York Times - 5h -
Trump’s wall of tariffs is likely to raise prices and cause chaos for business
President promised liberation yet may have plunged the US into recession and the world into an economic scramble. Donald Trump is finally making good on his campaign promises to “build that wall” – ...The Guardian - 3d -
Senate Approves G.O.P. Budget Plan After Overnight Vote-a-Thon
Republicans pushed through their blueprint for tax and spending cuts after Democrats forced them to cast politically painful votes into the early morning on every element of President Trump’s agenda.The New York Times - 1d -
What Trump says he's trying to accomplish with tariffs
President Donald Trump contends tariffs will pay for tax cuts, lower foreign trade barriers, revive U.S. factories, curb fentanyl and reduce the national debt.CNBC - 2d -
Senate budget blueprint empowers GOP chair to decide if Trump tax cuts add to deficit
Senate Republicans on Wednesday unveiled a 70-page budget resolution that they say would give Senate Budget Committee Chair Lindsey Graham (R-S.C.), a staunch ally of President Trump, the power to ...The Hill - 3d -
GOP rep says 'tariff is a tax': 'No question'
Rep. Pete Sessions (R-Texas) on Monday said a “tariff is a tax,” a day before the Trump administration’s imposition of “Liberation Day” reciprocal tariffs. In Sessions’s appearance on “CNN News ...The Hill - 4d -
Senate advances blueprint for Trump tax cuts, other top priorities
The Senate on Thursday advanced its budget resolution, teeing up a weekend vote on a blueprint for President Trump's tax agenda and other top priorities. Senators voted 52-48 to kick off ...The Hill - 2d -
Trump’s tariffs are ‘taxes’ and are ‘hurting the American people,’ says Democratic lawmaker
Rep. Steven Horsford (D-Nev.) joins Meet the Press NOW to discuss the fallout from President Trump’s sweeping tariffs. He calls the tariffs a “tax” that will cause Americans to pay more.NBC News - 2d -
Trump tariffs pose danger for vulnerable Republicans
Vulnerable House Republicans are being put on defense amid the fallout from President Trump’s sweeping global tariffs, which have stoked uncertainty about the economy. Members of the party insist ...The Hill - 4h -
Trump tariffs: American businesses are 'angry,' worried about survival, and say keeping prices low will be 'really hard'
U.S. business owners say the Trump administration's newly announced tariffs would increase their costs, potentially forcing them to raise prices for customers.CNBC - 1d -
Some Senate Republicans plan to rebuke Trump's tariffs on his 'Liberation Day'
A group of Senate Republicans on is set to deliver a symbolic rebuke to President Donald Trump's tariffs on Canadian products.NBC News - 3d -
Ted Cruz and Other Senate Republicans Question Trump’s Tariffs
One of the president’s allies warns that the trade barriers could hurt American business and consumers. But he has yet to take any real steps to reverse them.The New York Times - 1d -
4/3: CBS Evening News Plus
World reacts to Trump's mass tariffs; Reporter's Notebook: Senate considers extending Trump tax cuts at a heavy costCBS News - 2d -
What are tariffs and why is Trump using them?
Tariffs are a key part of Trump's political vision, but economists fear they could spark a trade war.BBC News - 4d -
Trump chaos is alienating Republicans
Outside of the Maga ecosystem, bad economic news is starting to cut throughFinancial Times - 2d -
Navarro says Trump’s tariffs will raise $6 trillion over a decade
Peter Navarro, a senior trade adviser to President Trump, said the president’s tariff plan will raise more than $6 trillion in federal revenue over the next decade. Navarro joined “Fox News ...The Hill - 6d -
Republicans weigh using the power of Congress to rein in Trump on tariffs
The fallout from President Donald Trump's aggressive tariffs has spurred Congress into action, with a growing number of Republicans joining Democrats to express interest in using their power to ...NBC News - 2d -
Liberation from what? Trump promised lower prices – his tariffs risk the opposite
Trump pledged to liberate the nation from higher prices, and is betting tariffs won’t raise them too high, for too long. . For weeks, Donald Trump and his aides sought to brand Wednesday as ...The Guardian - 3d -
Tariffs will likely raise much less money than White House projects, economists say
White House trade adviser Peter Navarro said tariffs would raise about $600 billion to $700 billion a year. Economists say that's nearly impossible.CNBC - 3d -
Downing Street says Trump’s tariffs signal ‘new era’ in global economics
Experts say UK may have to raise taxes in autumn as senior MPs caution against too many concessions in US trade talks. . Donald Trump’s tariffs signal a new global economic era, Downing Street has ...The Guardian - 1d -
Republicans join Democrats in Senate vote to rescind Trump Canada tariffs
Resolution that would block tariffs passes 51-48 in Senate, in vote that shows Republican unease over president’s plans. Several Republican senators joined Democrats to pass a resolution that would ...The Guardian - 3d -
As Trump readies reciprocal tariffs, economists say 'value-added taxes' aren't a trade barrier
"Value-added taxes" are a common type of consumption tax used worldwide. They don't create a trade disadvantage for the U.S., economists said.CNBC - 5d -
From Nike to Apple: which US brands could be hit hardest by Trump tariffs and what’s at stake?
Companies with suppliers in Asian countries are likely to have to raise prices after the US president’s measures. Business live – latest updates Donald Trump’s “liberation day” tariff war has ...The Guardian - 2d -
Senate Republicans unveil budget resolution key to unlocking Trump agenda
Senate Republicans unveiled a budget resolution as the GOP seeks to move forward with the budget plan that will enable them to implement President Trump's agenda later this week.CBS News - 3d -
Trump urges Fed to cut rates as tariffs cause stock plunge
President Trump urged the Federal Reserve to cut interest rates and ripped the head of the independent central bank as new tariffs caused stocks to plunge. In a Friday post on his Truth Social ...The Hill - 1d -
Trump and DOGE Defund Program That Boosted American Manufacturing for Decades
President Donald Trump says taxing imports will strengthen domestic manufacturing. Hours before announcing new tariffs, his administration cut support for centers that help US firms do just that.Wired - 3d