Search results for "trump taxes"

'Betrayal': Ranchers furious as Trump plans to spend US taxes to buy Argentinian beef

US ranchers and industry groups are responding critically to President Donald Trump’s proposal that the United States “would buy some beef from Argentina” in a bid to “bring our beef prices down,” while pursuing an up to $40 billion bailout for the South American country.

Trump made the suggestion to reporters on Air Force One Sunday, according to the Associated Press. A few days earlier, he’d said that a deal to cut the price of beef was “gonna be coming down pretty soon.” The AP noted various reasons for “stubbornly high” US prices, including drought and reduced imports from Mexico.

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Questions raised about billions of missing tax dollars as Trump kills programs: report

Members of Congress on both sides of the aisle are asking questions about what Donald Trump's administration is doing with tax dollars that are being withheld or diverted from programs he doesn't like.

As part of the president's remaking of the government since he was sworn into office, he has taken it upon himself to not only cancel hundreds of billions in program funding promised by Congress, but also claw back dollars that had already been disbursed but not yet spent.

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'Remarkably small and ridiculous': Economist scoffs as Trump's big tax boast

President Donald Trump's implementation of the "No Tax On Tips" policy is poorly conceived and asking for trouble, University of Michigan economics professor Justin Wolfers told CNN's Phil Mattingly on Monday.

The policy, a key campaign promise Trump made in 2024, was authorized by the GOP's tax cut megabill passed earlier this year. It allows for tips to receive a tax deduction. The policy, along with eliminating taxes on overtime, expires a month before Trump is set to leave office.

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'On notice!' Trump threatens retaliation for countries that tax or regulate tech companies

President Donald Trump on Monday night threatened to hike tariffs and impose export restrictions on countries that tax or regulate American tech companies.

Trump vowed on his Truth Social platform to "stand up" to countries that he said "attack our incredible American Tech Companies."

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'Gibberish': Treasury sec hammered after wild claim touting Trump's 'magic taxes'

President Donald Trump's Treasury Secretary Scott Bessent appeared to suggest in a new interview with Lara Trump on Fox News that the massive tariffs imposed by the administration, far from shrinking the economy, will actually grow it.

"Tariffs are delivering historic results for the American people," Bessent posted on X, accompanying a video of his interview. "Even the mainstream media is starting to admit it. I’ve said total tariff revenue could reach $300B this year, but it could be much higher. Every $300B adds 1% to GDP. With tariffs alone, growth could hit 5%."

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Mark Cuban goes off on Trump's new tax plan: 'One of the dumbest ideas in history'

Billionaire financier Mark Cuban tore into a tax proposal President Donald Trump's administration is currently considering, to levy an ongoing fee on holders of patents.

"One of the dumbest ideas in the history of business," Cuban, a frequent critic of Trump's policies, posted to X on Friday.

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'A tax increase on US consumers': Fox Business reporter trashes Trump's new EU deal

Fox Business correspondent Charles Gasparino downplayed President Donald Trump's trade deal with the European Union as a "tax on U.S. consumers."

"You know, thank God we got it out of the way," Gasparino told Fox News host Brian Kilmeade on Monday after Trump announced the deal over the weekend. "I think the markets are going to like this deal."

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CNN host forces GOP lawmaker to admit he voted for tax hike in Trump's bill

A Republican congressman was forced to admit that he had voted for President Donald Trump's budget bill containing a provision that he now wants to repeal.

The One Big Beautiful Bill Act contains a tax increase for gamblers, who must now pay income taxes on 10 percent of their losses, and Rep. Mark Amodei (R-NV) is joining an effort by Rep. Dina Titus (D-NV) to repeal the provision, although he was the only Nevada lawmaker to vote in favor of it.

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