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Legislation that altered net operating loss carryforward rules
The federal estate and gift tax exemption for deaths and gifts in 2025 is $13.99 million per individual ($27.98 million for married couples using portability), meaning estates below those amounts are ...
Wealth data show the of —roughly about one-third of total household net worth in recent years—creating outsized economic power . That level of concentration translates into significant political, soci...
Across ’s first term, reporting shows federal budget , with a sharp jump in 2020 tied to the pandemic response; available sources document deficits reaching roughly $1 trillion by 2019 and then expand...
The 2017 Tax Cuts and Jobs Act (TCJA) produced outsized, measurable benefits for high‑income households and the very wealthiest estates while reducing federal revenues and worsening deficit projection...
The (TCJA) delivered broadly larger dollar cuts to higher-income households and corporations while producing only modest percentage gains for low- and middle-income families; nonpartisan analysts foun...
The short answer: neither party has a consistent monopoly on raising or cutting federal spending — presidents of both parties have presided over large increases in spending and debt, and several neutr...
-fiscal-choices">Federal fiscal choices in 2025 — a mix of one-time and permanent tax changes, robust federal spending projections, tariff measures and episodic disruptions from a prolonged government...
Direct answer: Donald Trump’s policies have produced measurable economic gains for some indicators—stock-market highs, corporate profit gains and short-term boosts from tax cuts and deregulation—while...
(NOL) carryforwards let a business or non‑corporate taxpayer apply a prior year’s deductible losses against future to reduce taxes; under current federal law most NOLs can be carried forward indefinit...
The (signed as part of the 2025 “One Big Beautiful Bill”) permanently extends many provisions of the and layers in new family-focused tax changes, a mix that independent analysts and budget shops say ...
’s time in office and his return to the presidency produced measurable policy outcomes that supporters point to as concrete benefits — tax cuts, deregulation, large numbers of , diplomatic breakthroug...
After the 2017 Tax Cuts and Jobs Act (TCJA) corporate effective tax rates fell sharply and many firms reported sharply higher after‑tax profits, while investment rose but in uneven, smaller‑than‑promi...
During Donald Trump’s first term, headline indicators showed mixed results: unemployment fell to half-century lows before the COVID-19 collapse and the stock market reached record highs, while GDP gro...
Independent economists broadly agree that the 2017 tax cuts and deregulatory push produced short-run boosts to business confidence, investment, and hiring, but they disagree sharply about the lasting ...
Four pieces of legislation repeatedly described as “landmark” in contemporary reporting were signed into law during President Trump’s terms: the First Step Act (criminal justice reform), the Great Ame...
From 2010 to the mid-2020s the picture of who pays what in U.S. taxation has two clear threads: federal income and payroll tax liabilities fell for many households on average after major tax cuts, whi...
The One Big Beautiful Bill preserved and expanded elements of the 2017 Tax Cuts and Jobs Act — raising the standard deduction and extending lower tax brackets while adding some family-oriented credits...
Two competing bookkeeping stories exist about the roughly $7.8 trillion rise in U.S. deficits over the relevant span: one that isolates pandemic emergency laws and counts roughly $3.6–$3.9 trillion of...