But he said Wednesday he, again, wants an income tax cut this year. “My goal is this — I’ve been saying it for six years now — we need more taxpayers, not more taxes,” Stitt said.

According to a fiscal analysis of the bill, the initial income tax cut in 2030 would cost the state $76 million per year. Holdman has in the past said he wants to eliminate the state income tax.

In his first term in office, Trump enacted sweeping tax changes with the Tax Cuts and Jobs Act (TCJA) of 2017. Now the Trump administration has the opportunity to continue making adjustments to ...

At any rate, the menu raises a larger question: Why cut so much spending on the poor? On the one hand, it’s obvious. Republicans are committed to enacting very large tax cuts, but bond markets ...

The Dec. 31, 2025, expiration of many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) adds a new task to the 2025 congressional to-do list: updating the tax code. Many TCJA provisions provided ...

During his first, Trump overhauled the tax code with his 2017 Tax Cuts and Jobs Act (TCJA). Many of those provisions are set to expire at the end of 2025. Read Next: 7 Tax Loopholes the Rich Use ...

Most Americans like the Trump administration's tax cuts. Now, Congress must decide what taxpayers would give up to keep them. President Donald Trump mandated sweeping tax relief, especially for ...

Treasurer Jim Chalmers claims tax cuts will "grow" in the next financial year due to increasing wages. "What we are seeing in this financial year is every taxpayer getting a tax cut," Mr Chalmers ...

While income tax cuts could impact this strong revenue stream, they might also stimulate higher GST collections through increased consumption and stronger economic growth, creating a potential ...

Previously, Trump’s implementation of the TCJA generally cut the corporate tax rate from 35% to 21%. With this new memorandum and the forthcoming sunset of the TCJA, many are curious if the new ...

of meetings at Mar-a-Lago concerning the expiration of his 2017 tax cuts, but between the fiscal ... On the individual side, the TCJA simplified the tax code for millions and reduced tax burdens ...

WASHINGTON (Reuters) - U.S. President Donald Trump is pushing a plan to explicitly use revenue from higher tariffs on imported goods to help pay for extending trillions of dollars in tax cuts ...