taxcuts hashtag performance
#TaxCuts showcases discussions surrounding tax reductions, personal finance, savings opportunities, economic impact, government policies, budget planning, fiscal responsibility, financial literacy, wealth distribution, taxation debates, taxpayer benefits, and economic empowerment.
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Scott Bessent, President-elect Donald Trump’s nominee to run the Treasury Department, told senators Thursday that extending tax cuts that are set to expire at the end of 2025 is “the single most important economic issue of the day.” “This is pass-fail,” Bessent said, warning that “if we do not fix these tax cuts, if we do not renew and extend, then we will be facing an economic calamity. And, as always with financial instability, that falls on the middle and working-class people.” The comments from Bessent, a billionaire hedge fund manager, came during his confirmation hearing before the Senate Finance Committee. He was asked about the 2017 Tax Cuts and Jobs Act, which was enacted during Trump’s first term and made major changes to the tax code for individuals and businesses. Democrats on the committee argued during the hearing that if Trump extended parts of the law past this year, the wealthiest taxpayers would benefit while the $36 trillion national debt would grow. #pbsnewshour #pbsnews #newshour #trumpadministration #senate #congress #capitolhill #government #news #taxes #taxcuts #economics #taxcode #finance
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Tax cuts are ''the single most important economic issue,'' Treasury Secretary pick Scott Bessent says during a Senate hearing on Jan. 16, 2025. #yahoofinance #scottbessent #economicissues #usa_tiktok #taxcuts #senatehearings #senate #economy #icymi #usgovernment #childtaxcredit #middleclasstax#trump#donaldtrump #federalreserve
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“If he thinks there's an unfair balance of power or trade authority that's on there, that comes from the 1930 law that we are looking at a possible change when Congress is considering those tax cuts,” Raymond James Washington Policy Analyst and Managing Director Edward Mills says in regards to President Trump. #yahoofinance #podcast #yahoofinancepodcast #yahoofinancecapitolgains #podcastclips #tariff #donaldtrump #trump #congress #taxcuts #balanceofpower #economy
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David Pakman Reviews Paul Krugman's Commentary About Trump Scamming His Supporters Discover how Trump's new tariff plan, alongside tax cuts for the wealthy, threatens to strain low and middle-income households. We analyze the potential consequences and who truly benefits from these fiscal changes. #Tariffs #TaxCuts #WorkingClass #MAGA #EconomicImpact #WealthInequality #TruthMatters #FinancialStrain #PaulKrugman #RichVsPoor #AmericanEconomy #GovernmentPolicy
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Trump Declares New Golden Age of America #fyp #fypシ #trump #america #taxcuts #interestrates #inflation #economy
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How Fed's Daly thinks about Trump's tariffs: 'The details matter.' San Francisco Fed President Mary Daly spoke with Yahoo Finance's @madymills on Dec. 20, 2024. #yahoofinance #federalreserve #fed #marydaly #sanfrancisco #usa🇺🇸 #tariff #trump #donaldtrump #taxcuts #immigration #fedrate
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Billionaire Elon Musk is once again in the spotlight, this time for his bold call to simplify America’s federal tax code. Responding to a claim that the U.S. tax code spans over 73,000 pages, Musk stated, “The tax code needs drastic simplification.” His remarks align with his new role as co-chair of the Department of Government Efficiency (DOGE), a team tasked by President-elect Donald Trump to reduce bureaucratic inefficiencies. But what does “simplification” mean? Under Musk’s vision, a streamlined tax system could introduce a flat federal tax rate with fewer brackets. While this promises reduced costs and improved productivity, it may come with trade-offs, such as the loss of key deductions for mortgage interest, student loans, and high medical expenses—areas critical to many American families. This debate isn’t just about taxes; it’s about fairness, efficiency, and the future of America’s economy. As financial literacy expert Alex Beene notes, simplifying the tax code has bipartisan appeal but raises questions about who stands to gain—or lose—the most. With Republicans prioritizing tax cuts for corporations and the wealthy, Musk’s initiative could reshape U.S. tax policy as we know it. However, until specific proposals emerge, the potential impact remains unclear. Full Article Available in Bio #ElonMusk #Taxes #GovernmentEfficiency #TaxReform #FlatTax #FederalTaxCode #TaxSimplification #EconomicPolicy #DonaldTrump #Republicans #TaxCuts #USPolitics #FinancialLiteracy #BipartisanDebate #Economy #TaxSystem #WealthInequality #CorporateTaxes #HomeOwnership #StudentLoans #MedicalExpenses #GovernmentPolicy #TaxLaw #FiscalResponsibility #PublicDebate #AmericanEconomy #PoliticalReform #SimplifiedTaxes #ProjectShadowUS
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President Donald Trump’s Tax Cuts and What It Means For You #donaldtrump #president #taxes #taxcuts #tax #season #percentage #higher #lower #economy
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Trolley is barreling toward five middle-class families struggling with stagnant wages and rising costs. You can divert it onto a track where Trump stands, signing a massive tax cut benefiting corporations and the wealthy. Do you pull the lever and redistribute wealth, or let the middle class bear the burden? #taxcuts #taxes
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#duet with @4ThePeopleByThePeople The republican budget extends the #Trump #taxcuts which only benefit the #wealthy #senator #ChrisMurphy #eattherich #millionaire #billionaire #taxtherich #bluecollar #middleclass #lowincome #medicare #medicaid #fyp #politics #republican #bluecollar #taxes
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Do Tariffs Drive Inflation Higher? Discover the Truth Explore how tariffs could impact inflation and federal budgets. We discuss potential tax cuts, the balance of revenue, and the future of our economy. Share your thoughts on tariffs and the progressive income tax system in the comments! #Tariffs #Inflation #TaxCuts #EconomyInsights #FederalBudget #RevenueBalance #EconomicDiscussion #CurrentEvents #FinanceTips #TaxSystem
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Bipartisan Solutions: Defeating Inflation and Restoring Prosperity Join us as we outline our ambitious agenda to combat inflation, extend tax cuts, and revitalize American industries. Together, we will bring investments back home and restore energy dominance, making life affordable for hardworking Americans once again. #InflationSolutions #BipartisanEfforts #EconomicGrowth #TaxCuts #AmericanIndustries #EnergyDominance #InvestInAmerica #AffordableLiving #TradeDeals #FutureProsperity
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Republican Congress: Tax Cuts & Economic Boom #fyp #TaxCuts #RegulationSlashing #EconomicGrowth #RepublicanCongress #TaxCuts #RegulationSlashing #Politics
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