Author: Damian Paletta
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White House explores two new tax ideas – a value-added tax and carbon tax – as leading proposal to raise revenue falters
President Donald Trump’s administration is exploring the creation of two controversial new taxes – a value-added tax and a carbon tax – as part of a broad overhaul of the tax code, according to an administration official and one other person briefed on the process. Administration officials are aware how politically divisive these ideas are,…
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White House calls for changing, but not scrapping, NAFTA in draft letter
The Trump administration will seek many modest, but numerous, changes to the North American Free Trade Agreement, according to a draft of a letter sent last week to Congress, displaying a much more conventional approach to trade negotiation than the dramatic changes President Donald Trump had suggested he planned to seek. The draft letter, first…
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Trump federal budget 2018: Massive cuts to the arts, science and the poor
President Trump on Thursday will unveil a budget plan that calls for a sharp increase in military spending and stark cuts across much of the rest of the government including the elimination of dozens of long-standing federal programs that assist the poor, fund scientific research and aid America’s allies abroad. Trump’s first budget proposal, which…