All posts tagged "Tax"

WASHINGTON — Senate Republican leaders are rushing to pass President Donald Trump’s One Big Beautiful Bill Act before their July Fourth recess, but rank-and-file Republicans from both sides of the party are tapping the brakes on the effort.

While conservative hardliners continue calling for steeper spending cuts, Sen. Josh Hawley (R-MO), a far-right conservative himself, has become one of the loudest voices of opposition to proposed changes to how states pay for Medicaid.

“I don't get it. I don't get why we would punish working people and rural hospitals, and I don't know. I don't understand. It's broken,” Hawley told Raw Story about his party's fixation on slashing care relied on by millions. “I think it's bizarre.”...

WASHINGTON — Donald Trump went to Capitol Hill on Tuesday to attempt to persuade moderates and the hard-right to back his “Big Beautiful Bill,” a controversial package of tax cuts and spending reductions leaders want done and dusted by the coming Memorial Day weekend.

The president failed to sway either group.

“I’m a no on the bill at this point,” Andy Harris (R-MD), the chair of the hard-right Freedom Caucus, told reporters....

Donald Trump's plans for new tariffs would "add to inflation and equate to "a tax on American consumers," an economist told MSNBC.

Moody's Analytics chief economist Mark Zandi appeared on the cable news network on Saturday, and was asked about Trump's economic plans for 2025 if he is able to defeat President Joe Biden and the Democrats.

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How much would former President Donald Trump's proposed 10 percent tariff plan actually cost the average American household?

The wave of tariffs Trump enacted when he was last president caused chaos, but there are many complexities that muddy this somewhat. However, MSNBC's Chris Hayes took an educated and simple guess at just how badly the country would be hit in the pocketbook under Trump's second-term plans.

"We don't know exactly how much everything would cost," said Hayes, but "just add 10 percent on the back of the napkin. Here's the cost of living under the Trump Tax."...

More than 20,000 public sector workers demonstrated in Athens Wednesday in a strike against deeper austerity cuts that shut down courts, schools and transport, including air traffic.