US House of Representatives approves 2018 budget

The White House has adopted a Senate-approved Republican Budget Plan, which clears the way for a push to cut taxes, USA Today writes. This move is expected to increase the US debt by $ 1,5 trillion over the next ten years, but also ...

Why Trump wants to hurry with the adoption of the budget and tax reform

President Donald Trump on Sunday held a conference call with House Republicans, urging them to swiftly pass the budget and thus pave the way for what he called a historic push for tax cuts. According to Voice of America, Vice President Mike Pence ...

Senate Republicans pass budget resolution, step toward tax reform

Senate Republicans, 51 to 49, approved a budget resolution that could pave the way for President Trump's plan for "massive tax cuts and tax reform." Writes about this USA Today. After the vote, the White House issued a statement in which ...

US Secretary of Health will return $ 50 thousand to the state for its charters

The head of the US Department of Health and Human Services, Thomas Price, promised to reimburse the state budget for the funds spent on private charter flights, which he used on business needs, writes Politico. At Friday's press conference, US President Donald Trump said that he will make a decision in the evening on this ...

Americans spend more on taxes than on food and clothing

The average American pays $10 in federal, state and local taxes per year, including $489 on food and clothing, according to the Bureau of Labor Statistics' 9 Consumer Expenditures report. Since 006, the average amount...

Keeping a prisoner in a California prison costs more than a year of study at Harvard

The cost of each of the 130 inmates in California is expected to hit a record $ 75 next year. How many? More than the cost of a year of study at Harvard University, and there will still be beer and pizza left over. Governor Jerry Brown's spending plan ...

How Trump's budget will affect key areas

President Trump's first budget can be summarized as follows: big gifts for the rich, big cuts for the poor. White House budget director Mick Mulvaney defended on Tuesday major cuts to social safety nets included in President Trump's budget proposal. “We do not exclude ...

Trump's first budget: a historic cost cut

The White House on Tuesday will send lawmakers the first full-fledged budget prepared by the administration of President Donald Trump, which calls for cuts in health and food assistance programs for the poor while reducing deficits. According to Voice of America, the plan calls for a $ 3,6 trillion cut in government spending ...

What are the taxes of Americans spent on?

On April 18, when tax returns are due, many American taxpayers are likely to wonder: what exactly are taxes being spent on? The Wall Street Journal sought to answer this question by contacting the Committee in Charge of the Federal Budget (CRFB), a non-partisan, non-profit organization in ...

New Yorkers will be able to study at state colleges for free.

New York Governor Andrew Cuomo has reached an agreement with lawmakers on a state budget that includes a free college tuition plan for middle-class New Yorkers. The state assembly and senate are expected to approve the budget April 9-10, CNN reported. New York will become ...

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