LOADING ERROR LOADINGA senior White House official said that Republicans’ plans to extend or expand the temporary tax cuts put in place in 2017 would likely come at the expense of ordinary Americans. AdvertisementBrainard was speaking during a teleconference with reporters, ahead of a scheduled meeting Thursday between presumptive GOP presidential nominee Donald Trump and congressional Republicans. Republicans would like to extend the temporary tax cuts, and Trump has talked about lowering corporate tax rates even further. President Joe Biden has said he would keep tax cuts for households earning less than $400,000 annually. Brainard said that letting some of the tax cuts expire would have an economic impact, but not a big one.

Source: Huffington Post June 13, 2024 19:23 UTC