What Republicans Could Cut to Pay for Trump’s Tax Cuts: Medicaid and More
President Trump wants a massive tax cut and immigration crackdown bill. Now Republicans must decide what to cut to help pay for it.
It Is Happening Every Day, Every Where
President Trump wants a massive tax cut and immigration crackdown bill. Now Republicans must decide what to cut to help pay for it.
Mr. Puzder, a former fast food executive, was nominated in 2017 to be President Trump’s labor secretary, but he withdrew amid bipartisan scrutiny of his business record and character.
The JPMorgan Chase chief executive, who had warned of the negative effect of tariffs, said they could be justified for national security reasons.
The president said he will impose tariffs Feb. 1 on products from Canada, Mexico and China, which together account for more than a third of U.S. trade
Republicans are hunting for ways to pay for President Trump’s expensive plans while avoiding a freakout on Wall Street.
The president wants to begin renegotiating a U.S. trade deal with Canada and Mexico earlier than a scheduled 2026 review, people familiar with his thinking said.
The president said the planned duties were a response to China’s failure to curb fentanyl exports.
North American car companies have operated across borders for three decades. Tariffs would raise prices and cost jobs in the short run, analysts say.
While much about the threatened tariffs is still unclear, experts predict they would be bad news for all three economies, with few winners.
President Trump wants an External Revenue Service to collect tariffs on imports. One trade expert said the move may be “more branding than substance.”