The tax cuts that were President Trump’s top first-term legislative achievement went unmentioned in his inaugural address, even though their extension will dominate the congressional agenda this year.

As the political landscape shifts with Donald Trump poised to return to the White House, the Republican agenda is set to focus on extending significant tax cuts. These cuts, initially introduced in the 2017 Tax Cuts and Jobs Act,

Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.

Extending the tax law that’s set to expire would add $4.6 trillion to the national debt — so some GOP lawmakers want to change the rules.

The U.S. national debt is projected to surge by $23.9 trillion over the next decade, according to the Congressional Budget Office.

The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump

The Congressional Budget Office on Friday forecast a $1.865 trillion U.S. budget deficit for fiscal 2025, largely flat with last year and indicating no major deterioration in government finances before President-elect Donald Trump takes office on Monday.

The United States is poised to add trillions of dollars to the national debt over the next decade as the mounting costs of social safety net programs and growing interest expenses dig the nation into a deeper fiscal hole,