Here’s what Trump is proposing for the economy
CNN
President-elect Donald Trump on the campaign trail laid out a broad array of ideas aimed at providing tax relief, cutting prices, hiking tariffs and strengthening the economy, which ranks at the top of voters’ concerns.
President-elect Donald Trump on the campaign trail laid out a broad array of ideas aimed at providing tax relief, cutting prices, hiking tariffs and strengthening the economy, which ranks at the top of voters’ concerns. Nearly all of the measures, which lack detail, would require congressional approval. That could be tough to achieve in the partisan climate on Capitol Hill. Here’s what you need to know about what Trump has said he’ll do to address the economy: Some parts of the 2017 Tax Cuts and Jobs Act, one of Trump’s signature achievements during his time in the White House, are scheduled to lapse at the end of 2025. While the law reduced taxes for most people, Democrats often criticize the TCJA for disproportionately benefiting the wealthy. Trump wants to extend all the individual income and estate tax cuts that the 2017 law provided. This includes, among other things, an increase to the standard deduction, lower marginal income tax rates for most income brackets, and an increase to the estate tax exemption.
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CNN goes inside the El Salvador prison that houses gang members who once terrorized the country and are blamed as the “worst of the worst.”
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Republican former Sen. Kelly Ayotte will win the New Hampshire governor’s race, CNN projects, completing a political comeback eight years after she lost her Senate seat.
Republican Sen. Deb Fischer will win reelection in Nebraska, defeating an unexpectedly strong challenge from independent Dan Osborn, CNN projects.
Battleground states are counting the ballots that will decide the next US president into the early hours of Wednesday morning, after Election Day voting that largely went smoothly despite fake bomb threats that targeted multiple states.
Republican Bernie Moreno will defeat Democratic Sen. Sherrod Brown, CNN projects, a key pickup for the GOP in a state that’s been trending its way and putting the GOP one step closer to security the majority.
The winners of several elections up and down the ballot will be making history this year, CNN projects.
Democrat Angela Alsobrooks will win the Maryland Senate race, CNN projects, defeating Republican former Gov. Larry Hogan, whose candidacy made the race to replace retiring Sen. Ben Cardin competitive in this otherwise deep-blue state.
A jury on Tuesday found an Alabama man not guilty of killing an 11-year New Hampshire girl more than 35 years ago.
Democratic state Attorney General Josh Stein will win North Carolina’s gubernatorial race, CNN projects, defeating Republican Lt. Gov. Mark Robinson, whose campaign struggled as his history of incendiary remarks became public.