Goldman said tariffs could overshadow and boost to the economy provided by Republicans' sweeping fiscal package, which includes big tax and spending cuts.

Kevin Hassett anticipates strong economic growth with trade deals and tax cuts, dismissing Moody's credit rating downgrade due to fiscal deficits as backward-looking.

ERIC PAUL ZAMORA [email protected] Democrats blasted Republicans for tilting most of President Donald Trump’s proposed tax cuts to the wealthy. Republicans, including Trump, counter that unless they pass their big tax bill this year,

Republicans said that now is the right time to cut the state’s top income tax rate from 4.75% to 4.5%, which will allow Oklahomans to keep more of their money. They said will grow spending and increase Oklahoma’s competitiveness in luring new residents to the state.

Japanese Prime Minister Shigeru Ishiba rebuffed calls for tax cuts saying that the nation’s financial conditions are worse than Greece’s.

Former Vice President Mike Pence is praising congressional Republicans for pushing ahead with President Donald Trump’s bill of tax breaks and spending cuts.

Among the proposals in the Trump administration's and House Republicans' Big, Beautiful Bill is the elimination of the federal clean vehicle tax incentive.

Treasury Secretary Scott Bessent suggested critics of President Donald Trump‘s tariff plan should be open to cutting taxes, calling them “deflationary.” Trump announced a sweeping tariff plan early last month,