Trump Promises Middle-Class Tax Cut

President Trump on Aug. 24 promised a “major” middle-class tax cut if he is reelected and Republicans retake the House in the 2020 elections. “If Republicans take back the House, and keep the Senate and Presidency, one of our first acts will be to approve a major middle income tax cut,” Trump tweeted over last… Read more »

White House Disputes Talks of Payroll Tax Cut

White House officials this week disputed reports that the administration is considering a temporary payroll tax cut as a means of countering a possible economic slowdown. President Trump and other senior officials continue to praise the strength of the economy but are having internal discussions about steps that could be taken to prevent any faltering… Read more »

Trump Floats ‘Major’ Tax Cut for Middle Class

President Trump in the past few days has pledged a “major tax cut” for middle class Americans, though Republican lawmakers say they will be hard pressed to pass a plan this year. Trump first floated the tax cut last weekend, saying that his administration is “studying very deeply right now round the clock a major… Read more »

Budget Deficit Swells to $779 Billion

The federal budget deficit grew to $779 billion in fiscal 2018, nearly 17 percent higher than last year, according to the Treasury Department. The deficit is now on pace to top $1 trillion next year, and is the largest since 2012, when the economy was still recovering from the last recession. Administration officials attributed the… Read more »

Travel CEOs Outline Concerns for Trump

U.S. Travel Association officials and CEOs from 13 USTA member companies met with President Trump and senior administration officials at the White House Sept. 4 to discuss the economic impact of travel and tourism and the importance of inbound travel to trade deficit reduction. The conversation focused on ways the administration and the travel industry… Read more »