Tax Cuts Developments and Effects in the US Economy

Macroeconomics, Industries and Politics
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S&P 500 futures falls 1.2% on concerns that Trump’s tax bill could pass the Senate

  • S&P 500 futures falls 1.2% on concerns that President Trump’s “big, beautiful” tax bill which could increase U.S. national debt by $3.3 to $5.7 trillion over 10 years will pass the senate.
  • The bill would reduce taxes by approximately $3.8 trillion over the same period, primarily by extending the expiring 2017 Trump tax cuts and introducing new deductions and credits.
  • If enacted, the tax provisions would go into effect on January 1, 2026, coinciding with the expiration of key TCJA provisions.
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