BusinessPostCorner.com
No Result
View All Result
Friday, July 4, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Trump pledges to slash taxes if he returns to the White House

February 26, 2024
in Accounting
Reading Time: 3 mins read
A A
0
Trump pledges to slash taxes if he returns to the White House
ShareShareShareShareShare

Donald Trump pledged a fresh round of tax cuts if he wins the presidency, following up on legislation passed during his term in the White House that reduced levies on businesses and some households.

“You’re all getting the biggest tax cuts because we’re doing additional cuts and a brand new Trump economic boom like you’ve never seen before,” Trump said at a rally in South Carolina on Friday, a day before the state’s primary. 

Trump said that he would make sure that “tariffs on foreign countries go up” and that “taxes on American workers and families will come down very substantially.” Trump has considered a range of tariff plans, including a 10% across-the-board tax on imported goods and considerably higher levels on products from China. Economists have warned that the cost of these tariffs are generally borne by consumers.

Former President Donald Trump

Brett Carlsen/Bloomberg

Trump and his allies have been privately weighing how to address taxes in a second term. Many of the measures in his 2017 tax cut law affecting households and small businesses expire at the end of 2025 and will require Congress to renew or deepen them.

Trump’s tax cut was widely criticized for giving more tax benefits to wealthy individuals, real estate investors and business owners than middle and low-income households. Polls show the law was highly unpopular and aided Democrats in flipping the House in the 2018 midterm elections, winning a majority that helped stymie many of the former president’s policies in Washington.

Trump has privately told allies he prefers to keep the corporate tax rate at 21%, instead of lowering it to 15%, a rate he pushed while he was president which generated opposition from both Republicans and Democrats.

Trump’s tax cut policies have helped him maintain the support of some business groups, donors and voters who have objected to his stances on other policy issues or his divisive tone.

The former president’s operation aims to wrap up the nomination next month, allowing him to pivot his focus to a general election rematch with President Joe Biden and his court cases, one of which is set to begin trial March 25. 

Credit: Source link

ShareTweetSendPinShare
Previous Post

Ikea looks to malls as it eyes expansion

Next Post

NRA loses landmark trial over millions in wasted donor funds

Next Post
NRA loses landmark trial over millions in wasted donor funds

NRA loses landmark trial over millions in wasted donor funds

Crypto Tycoon Tim Heath Foils Kidnapping Attempt by Biting Off Attacker’s Finger

Crypto Tycoon Tim Heath Foils Kidnapping Attempt by Biting Off Attacker’s Finger

July 3, 2025
Uber fares up despite driver income decline, Oxford study suggests

Uber fares up despite driver income decline, Oxford study suggests

June 29, 2025
Microsoft to cut up to 9,000 jobs as it invests in AI

Microsoft to cut up to 9,000 jobs as it invests in AI

July 2, 2025
Zillow CEO Jeremy Wacksman hits back at antitrust lawsuit claiming market abuse

Zillow CEO Jeremy Wacksman hits back at antitrust lawsuit claiming market abuse

July 1, 2025
Abridge CEO Shiv Rao on raising 0 million, a prospective IPO, and the future of healthcare

Abridge CEO Shiv Rao on raising $300 million, a prospective IPO, and the future of healthcare

July 2, 2025
Solana Price Prediction – First-Ever US Staking ETF Goes Live Wednesday: Is This the Catalyst for 0 SOL?

Solana Price Prediction – First-Ever US Staking ETF Goes Live Wednesday: Is This the Catalyst for $500 SOL?

July 1, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Sanctioned Russian Giant Rostec Bypasses Banks with Tron-Based RUBx Stablecoin

Sanctioned Russian Giant Rostec Bypasses Banks with Tron-Based RUBx Stablecoin

July 4, 2025
Record growth of Chinese cars in UK

Record growth of Chinese cars in UK

July 4, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!