Republicans have largely rallied all over extending the expiring provisions. Mr. Trump and some of his financial advisers may also be eyeing tax cuts that go beyond the 2017 law, including decreasing the 21 p.c corporate tax price and suspending the payroll taxes that businesses and staff members pay out to fund Social Protection and Medicare.
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Plus they see tariffs on international items as a valuable supply of income, a single which could be used to offset a fall in tax receipts.
Robert Lighthizer, who served as Mr. Trump’s chief trade negotiator and carries on to suggest his campaign on trade problems, contended in an interview that tariffs had been neither inflationary nor regressive.
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