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Top ITEP News
Taxes · United StatesTreasury Secretary Scott Bessent probably confused a lot of taxpayers yesterday with a misleading statement accusing policymakers in Colorado, Illinois, New York, and the District of Columbia of somehow depriving their residents of federal tax cuts enacted in the recent Trump tax bill. Fox News announced Bessent’s statement this way: “Bessent blasts Democrat-led states for blocking Trump tax relief in OBBBA.” That’s incorrect. Whether they are g…See the Story
No, Scott Bessent: States Aren’t Taking Away Anyone’s Tax Cuts
80% Right coverage: 5 sources
Donald Trump · United States"For most people, the tax cuts that President Trump signed into law this summer have yet to materialize. Only after Americans file their taxes next year will the savings become apparent, launching what Republicans hope will be a 'refund boom' that lifts the public’s view of the economy," the New YSee the Story
Businesses Are Cashing In on Trump’s Tax Cuts
67% Left coverage: 3 sources
Donald Trump · United StatesPresident Donald Trump has repeatedly and erroneously claimed that foreign governments are paying the entirety of his tariffs. While foreign exporters do pay a small fraction of tariffs, the truth is that the president’s broad-based tariffs essentially function as a tax on U.S. importers, and corporations have shifted most of the responsibility of paying tariffs onto American consumers through higher prices. The inflationary reality of tariffs f…See the Story
President Trump Says His Tariffs Aren’t Paid by Americans. Corporations Are Indicating the Opposite.
100% Left coverage: 1 sources
