Tag: tax cuts
Trump Would Break the Budget
A decision Donald Trump made in his first presidential term has triggered one of the most important policy choices at stake in this year’s election. The massive tax cuts for individuals that Trump signed into law in 2017 will expire at the end of 2025 unless Congress and the next president act to extend them. So far, the question of whether to preserve the Trump tax cuts has received almost no attention in the early stages of a presidential contest
The Logic Behind Biden’s Refusal to Negotiate the Debt-Ceiling
President Joe Biden has already made the most important domestic-policy decision he’ll likely face this year. Biden and his top advisers have repeatedly indicated that they will reject demands from the new GOP majority in the House of Representatives to link increasing the debt ceiling with cutting federal spending. Instead, Biden is insisting that Congress pass a clean debt-ceiling increase, with no conditions attached.
Biden’s refusal to negotiate with