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Biden, Trump face 'massive tax cliff' amid budget deficit, experts say
CNBC· 2 days agoThe next U.S. president will face trillions in expiring tax breaks. While President Joe Biden and...
Top Biden aide highlights upcoming tax showdown with GOP over 2017 cuts that are due to expire
ABC News· 7 days agoLael Brainard, director of the White House National Economic Council, will deliver remarks at the...
Gov. Gavin Newsom proposes painful cuts to close California's growing budget deficit
Newsday· 7 days agoCalifornia's budget deficit is at least $45 billion, a shortfall so large it prompted Gov. Gavin...
Trump and Biden are competing to quarterback the Super Bowl of tax policy
Semafor via Yahoo Finance· 12 hours ago(Most mainstream economists disagree). “It’s important to recognize that the Trump tax cuts did not...
Jamie Dimon urges the U.S. to deal with its deficit sooner rather than later
CNBC· 2 days agoJPMorgan Chase CEO Jamie Dimon on Wednesday urged the U.S. to reduce its fiscal deficit sooner...
Biden Tax Plan’s Twin Challenges: Keeping His $400,000 Pledge and Paying for It
The Wall Street Journal· 6 days agoBiden’s attempt to raise revenue to pay for tax-cut expirations could be much tougher to achieve...
Biden’s Punitive, Anti-Growth Tax Proposals | RealClearPolitics
RealClearPolitics· 4 days agoPresident Biden’s 2025 budget proposal provides a salient reminder that he is no moderate, despite...
Tax revenue jumps 22% in April, but U.S. deficit still looms large
NPR· 6 days agoSpeaking at the Brookings Institution Friday, White House economic adviser Lael Brainard blamed much...
Brace for big tax hikes in 2026 unless Congress acts
Reason.com· 3 days agoMost Americans face tax hikes starting in 2026, and the increased federal tax bite will come about without Congress lifting a finger. The end of
Newsom plans to slash 10,000 vacant state jobs to help close $27.6 billion deficit
AOL· 6 days agoCalifornia has a budget deficit of $27.6 billion, Gov. Gavin Newsom announced Friday — a gap so wide that he’s proposing cutting 10,000 vacant state jobs and suspending some ...