Trump could target Affordable Care Act and Medicaid to help pay for lower taxes, experts say
CBSN
The Affordable Care Act, also known as Obamacare, remains popular with the public, garnering the approval of 54% of U.S. adults, according to a recently released Gallup poll. But experts say that may not insulate the federal health insurance program from change as President-elect Donald Trump and his fellow Republicans look to renew $4 trillion in expiring tax cuts.
Many provisions of the 2017 Tax Cuts and Jobs Act (TCJA), a signature law passed during Trump's first term, are due to sunset at the end of 2025. Republican leaders are now strategizing on how to extend the cuts, while the president-elect has also pledged to slash corporate taxes and eliminate taxes on workers' tips and overtime pay.
But renewing the TCJA tax breaks alone without reducing federal spending would add nearly $4 trillion to the nation's deficit through 2035, according to the Committee for a Responsible Federal Budget, an advocacy group focused on reducing the nation's debt.
At state capitols across the U.S. Tuesday, the presidential electors will be gathering to cast their electoral votes, formalizing President-elect Donald Trump's victory over Vice President Kamala Harris in the 2024 election.
The woman accused of stowing away on a Delta flight from New York to Paris was arrested again, this time while reportedly trying to get into Canada.
Argentina's President Javier Milei is likely to attend President-elect Donald Trump's inauguration in January, according to an Argentine diplomatic official. While his attendance has not been confirmed publicly, the official said all signs point to Milei traveling to Washington, D.C., for the swearing-in ceremony.
President-elect Donald Trump's criminal conviction in state court remains on the books Monday, after a New York judge rejected an effort by Trump to have the case tossed based on a landmark Supreme Court ruling.
Most Americans may consider the standard retirement age to be 65, but the so-called "full retirement age" for Social Security is already older than that — and it's about to hit an even higher age in 2025.
Artificial intelligence-enabled voice cloning tools have made it easier for criminals to mimic strangers' voices and dupe victims into handing over large sums of money.
Washington — TikTok and its parent company ByteDance have asked the Supreme Court to temporarily pause a law that would ban the app in the U.S. as soon as Jan. 19.
The Federal Reserve on Wednesday will make its final interest rate decision of 2024, capping a year during which the central bank provided some financial relief to inflation-weary borrowers in September by ushering in its first rate reduction in four years.
Supreme Court Justice Ketanji Brown Jackson swapped her judge's robes for a Broadway costume Saturday night, stepping onto the stage for a one-time performance in the hit musical comedy "& Juliet." The sold-out audience was treated to a special moment as Jackson made her Broadway debut, impressing both her fellow performers and the crowd.
Airline travel in 2025 is set to become more dignified for passengers with disabilities under a new Department of Transportation rule.
Washington — President-elect Donald Trump said Monday that his new administration will challenge a deal reached between the Social Security Administration and its union that would allow employees to continue teleworking into 2029.