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Donald Trump tax cut: Huge, vague and likely mild boost for economy

in 2017/Top Headlines by

President Donald Trump‘s team boasted Wednesday that its tax-cut plan would lighten Americans’ financial burdens, ignite economic growth and vastly simplify tax filing. Yet the proposal so far remains short of vital details, including how it would be paid for. And based on the few specifics spelled out so far, most experts suggest that it would add little to growth while swelling the budget deficit and potentially handing large windfalls to wealthier taxpayers. Trump’s plan would replace the current seven…

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Donald Trump steps up effort to dispute and distract on Russia

in 2017/Top Headlines by

After weeks on the defensive, President Donald Trump has stepped up his efforts to dispute, downplay and distract from revelations stemming from the investigations into the Kremlin’s interference in last year’s election and possible Russian ties to his campaign associates. The White House says the real story is not about Russia — it’s about how Obama administration officials allegedly leaked and mishandled classified material about Americans. Trump and his aides have accused former officials of inappropriately disclosing — or “unmasking”…

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Congress seen as not likely to pass tax overhaul quickly

in 2017/Top Headlines by

After their humiliating loss on health care, Republicans in Congress could use a quick victory on a big issue. It won’t be an overhaul of the tax code. Overhauling the tax code could prove harder to accomplish than repealing and replacing Barack Obama‘s health law. Congressional Republicans are divided on significant issues, especially a new tax on imports embraced by House Speaker Paul Ryan. And the White House is sending contradicting signals on the new tax, adding to the uncertainty.…

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Winners and losers in Donald Trump’s first budget plan

in 2017/Top Headlines by

Military spending would get the biggest boost in President Donald Trump’s proposed budget. Environmental programs, medical research, Amtrak and an array of international and cultural programs — from Africa to Appalachia — would take big hits, among the many parts of the government he’d put on a crash diet. The budget proposal out Thursday is a White House wish list; it’ll be up to Congress to decide where money goes. If Trump gets his way, there will be more losers…

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House GOP health bill facing fresh House committee test

in 2017/Top Headlines by

The White House and Republican leaders are talking to rank-and-file lawmakers about revising the GOP health care overhaul, hoping to keep a rebellion by conservatives and moderates from snowballing and imperiling the party’s showpiece legislation. Four days after a congressional report projected the bill would pry coverage from millions of voters, signs of fraying GOP support for the legislation were showing. The measure would strike down much of former President Barack Obama‘s 2010 overhaul and reduce the federal role, including…

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Donald Trump nominee decried criticism of judges, senators agree

in 2017/Top Headlines by

President Donald Trump insisted Thursday that comments by his Supreme Court nominee criticizing his own attacks on the judiciary were “misrepresented,” even as Republican and Democratic lawmakers vouched for the veracity of the remarks. Trump responded after private rebukes from Judge Neil Gorsuch, who said in meetings with lawmakers on Wednesday that the president’s comments about federal judges were “disheartening.” Gorsuch, who was nominated by Trump last week to the nation’s highest court, made the comments in meetings with senators…

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Promises, pomp and protests as Donald Trump sworn in

in 2017/Top Headlines by

Pledging to empower America’s “forgotten men and women,” Donald Trump was sworn in as the 45th president of the United States Friday, taking command of a deeply divided nation and ushering in an unpredictable era in Washington. His victory gives Republicans control of the White House for the first time in eight years. Looking out over the crowd sprawled across the National Mall, Trump painted a bleak picture of the nation he now leads, lamenting “American carnage,” shuttered factories and…

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