Donald Trump signed his 'big beautiful' tax and spending bill into law July 4. Here are the five biggest winners and losers: ...

For example, its two biggest deficit-cutting ideas are on the tax side, eliminating all itemized deductions for income taxes (raising $3.42 trillion over 10 years) and imposing a European-style ...

Read about the history of deficit spending in the United States, dating back to 1789, ... ideally a combination of the two. In the U.S. for example, to increase revenues/taxes, ...

Another May Revision, another budget deficit — this time for $12 billion. ... Owners of EVs skew wealthy, so this program is an example of spending subsidizing the wealthy.

The massive U.S. tax and spending bill slated for a final vote in Congress runs counter to the International Monetary Fund's ...

The budget deficit should be cut to 3% of GDP from what it is currently projected to be (about 6% of GDP), and these cuts can come from 3 sources (spending cuts, ... For example, we don’t know ...