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Trump, Senate and Tax Cut

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Reuters |
The U.S. Senate approved a Republican budget blueprint early on Saturday that aims to extend trillions of dollars worth of President Donald Trump's 2017 tax cuts and sharply reduce government spendin...
Fox News |
There is high interest in Congress advancing the "big, beautiful bill."

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Trump Tax Cut, Debt Limit Plan Advances Amid Tariff Turmoil
Senate Republicans took a major step toward enacting President Donald Trump’s tax cut agenda and increasing the debt ceiling that could inject a small degree of certainty into financial markets roiled by the president’s tariff policies.
US Senate Republicans pass measure to move forward on Trump's tax cuts
The U.S. Senate approved a Republican budget blueprint early on Saturday that aims to extend trillions of dollars worth of President Donald Trump's 2017 tax cuts and sharply reduce government spending.
Senate up late voting on GOP tax breaks and spending cuts plan that’s central to Trump agenda
The Senate is churning through a contentious late-night — or all-night — debate on a budget plan critical to Republican efforts to pass trillions of dollars in tax cuts and boost border security and defense spending.
The Senate's next moves to pass Trump's 'big, beautiful bill'
The House and Senate are a long way from approving President Trump’s "big, beautiful bill" to cut spending and slash taxes. But the next step unfolds over the next 48 hours.
Senate Republicans Decide Against Having a Real Budget
There are huge differences between the House and the Senate on taxes, spending, and debt levels. Republicans have decided to ignore them for now.
Thune locks down budget blueprint support ahead of Senate test vote
Thune can only afford to lose three Republicans when the Senate holds a procedural vote on a revised budget resolution to unlock Trump's agenda.

Trump, tariff

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Reuters |
"This is the single biggest trade action of our lifetime," said Kelly Ann Shaw, a trade lawyer at Hogan Lovells and former White House trade adviser during Trump's first term.
Yahoo |
President Donald Trump promised tariffs that would raise U.S. import taxes high enough to mirror what other assess as trade penalties on American goods.
The New York Times |
Britain would be hit with the universal base rate levied on all countries.

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US starts collecting Trump's new 10% tariff, smashing global trade norms
U.S. customs agents began collecting President Donald Trump's unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.
Britain, singed by Trump’s tariffs, races for U.S. trade deal
A measured tone has set Britain well apart from governments in Europe and elsewhere threatening immediate countermeasures against the United States.
President Trump announces 10% tariffs on global imports: 3 things investors need to know
Here's what investors need to know. A blanket 10% tariff isn't all that Trump imposed. Goods imported from countries that Trump says have been imposing high tariffs will also face high tariffs as they enter the U.
Trump's tariffs aren't strictly reciprocal. Here's how he calculated them
President Donald Trump promised tariffs that would raise U.S. import taxes high enough to mirror what other assess as trade penalties on American goods. Here's a look at how the White House got its numbers: Why do the new tariff rates often differ by country?
UK pins hopes on US trade talks after Trump tariff blitz
Britain said it believed a trade deal with the United States was close as it sought to soften the impact of U.S. President Donald Trump's sweeping tariffs which threaten an escalating global trade war that would hurt its open economy.
Trump announces 10% tariff on all imports | The Excerpt
Plus: 51 senators voted to end Trump's tariff on Canadian goods in a bipartisan rebuke of the administration's trade policy.
Britain Tried Everything, Including a Royal Invite. It Got a 10% Tariff.
In spite of a prolonged charm offensive by Prime Minister Keir Starmer, President Trump said that the U.K. would be hit with the universal base rate levied on all countries.
Trump Tariffs Live: Wall Street reels on fears over trade war, recession and inflation
The sweeping duties immediately unleashed turbulence across world markets and drew condemnation from leaders faced with the end of decades of trade liberalization.
How will President Donald Trump's tariffs affect California products?
Mexico and Canada are exempt from Trump's latest tariffs, but the 25% tariffs that Trump levied on both countries last month will remain intact. The tariffs are meant to crack down on other countries for unfair trade practices,

Trump, Republicans

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Associated Press News |
Republicans in Congress were watching with unease and talking of clawing back their power to levy tariffs — but almost none seemed ready to turn their words into action.
Yahoo |
“Tariffs are a terrible mistake,” Paul said in a floor speech Wednesday. “They don’t work. They will lead to higher prices. They are a tax, and they have historically been bad for our economy.”
Seattle Times |
companies, farmers and other commercial players in Washington are again scrambling to assess the costs of another round of tariffs by President Donald Trump.

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Congress has the power to halt Trump’s tariffs. But Republicans aren’t ready to use it
Republicans in Congress are watching with unease as stock markets tumble in the aftermath of President Donald Trump’s sweeping tariffs.
What Trump’s team is telling Republicans about tariffs
We’re bringing you an afternoon Inside Congress update because we just got our hands on what the White House is telling rattled Capitol Hill Republicans about President Donald Trump ‘s latest wave of tariffs.
Rand Paul Becomes The Latest Republicans To Plead For a Stop To Trump's Tariffs Before 'It's Too Late'
Sen. Rand Paul (R-Ky.) published an opinion article in Fox News pleading with the party to stop Trump's escalating trade wars after "Liberation Day."
Senate Stammers Toward Reining In Trump’s Tariffs
President Donald Trump’s announcement of tariffs on countries across the globe Wednesday shocked the stock market and roiled Republican senators on Capitol Hill. The duties on imports from practically every nation were a departure from decades of conservative economic orthodoxy,
Republicans moving ahead with Trump's 'big' bill of tax breaks and spending cuts amid tariff uproar
After a long wait, the Senate is launching action on President Donald Trump's "big, beautiful bill” of tax breaks and spending cuts at a risky moment for the U.S. and global economy. More than a month after House Republicans surprised Washington by advancing their framework for Trump's $4.
Senators react to Trump's sweeping new tariffs shocking the global economy
Republican and Democratic U.S. Senators react to the impacts of President Trump's sweeping new tariffs which are causing financial markets to nosedive. (AP Video: Nathan Ellgren)
Tariff-weary WA businesses brace for another round of Trump trade tactics
President Trump's latest round of tariffs added more uncertainty for trade-reliant states like Washington, whose imports and exports still haven't recovered from the pandemic or the tariffs in Trump's first term.
GOP strategist: Republicans are blowing it with tariffs and talk of a third Trump term | Opinion
Republican strategist Matt Wylie writes that if the future of the Republican Party depends on one man clinging to power past the constitutional limit, the legal issue isn’t the only problem. There is also a crisis of ideas and leadership.
'They're very nervous': GOP insider says Republicans privately freaking out over tariffs
Republicans are privately fuming about president Donald Trump's tariffs, according to a GOP strategist, but publicly they're not willing to break ranks.Global markets slumped after the president announced a baseline 10-percent global import tax and double-digit “reciprocal tariffs,
Trump touts airstrike on Houthis, showing video: Will 'never sink our ships again'
President Trump on Friday shared a video that showed a U.S. attack on Houthi rebels as the administration continues its daily attacks on the terrorist organization.
'Hands Off!' protests against Trump and Musk are planned across the US
Opponents of President Donald Trump and billionaire Elon Musk plan to rally across the U.S. on Saturday to protest the administration's actions on government downsizing, the economy, human rights and other issues.
Trump Tariff Shock Rips Up Germany’s China Strategy Under Merz
German Chancellor-in-waiting Friedrich Merz faces the prospect of being forced into another pivot before he even takes office.After Donald Trump’s sweeping tariffs — including a 20% levy on imports from Germany and other European Union countries — Merz’s past confidence in the US is under threat as trade disruptions make a quick economic recovery even more remote.
Trump admin live updates: IRS eliminating civil rights office amid layoffs
The agency had previously drawn up plans to cut roughly 18% to 20% of the 100,000-person workforce by the middle of May.
Trump administration accidentally tells Ukrainian refugees they must leave U.S. immediately, citing an "error"
Some Ukrainians received emails this week telling them that the U.S. Department of Homeland Security would be terminating their legal protections
Federal judge orders return of man Trump administration accidentally sent to notorious El Salvador jail
Kilmar Abrego Garcia was taken to El Salvador on March 15 because of what the Trump administration has called an "administrative error."
Trump tariffs live updates: 'Only the weak will fail,' Trump says as markets fall
Fallout continues after President Donald Trump's unveiling of severe tariffs against virtually all U.S. trading partners. Thursday was the worst day for U.S. stock markets since June 2020. China struck back on Friday,
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