TV News LIES

Thursday, Oct 02nd

Last update09:00:21 PM GMT

You are here News Economy US corporations push to roll back Trump-era tax policies they once endorsed

US corporations push to roll back Trump-era tax policies they once endorsed

E-mail Print PDF
US Corporations want to roll back Trup era tax breaks

US corporations and their supporters in Washington are pushing aggressively to roll back tax policies they once endorsed, in a move that could return hundreds of billions of dollars to some of America’s biggest companies.

As congressional negotiators attempt to keep the government funded past 19 January, an agreement is emerging that ties the corporate tax breaks to an increase in support for vulnerable American families – an effort to make the deal more palatable for Democrats.

Just six years ago the Business Roundtable, a lobbying group for CEOs of large US firms, described the Trump-era Tax Cuts and Jobs Act as “a remarkable, once-in-a-generation opportunity”. Now, the group is leading “a six-figure advocacy campaign” to roll back parts of it, according to Politico, and threatening that failing to secure new tax cuts will lead to “slower job creation, smaller wage increases and lower overall economic growth”.

More...


Most Recent Related Stories...


Supreme Court says Trump cannot, for now, remove Lisa Cook from Fed; will take up matter in January

lisa CookThe Supreme Court said President Donald Trump must allow Lisa Cook to remain on the Federal...

US inflation rises in August as firms pass Trump tariffs cost on to consumers

Inflation rising as consumers pay tarrifsInflation rose slightly in August as companies continued to push the cost of tariffs on to...

The Federal Reserve’s independence is about to be tested like never before

Jay PowellThe time has come to ban the “revolving door” between the White House and the Federal...

Cracks in the U.S. economy: Job growth slows 75% from a year ago

Jobs report down 75%The U.S. jobs engine is sputtering and looks to be in danger of stalling out.U.S. employers...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!