Get ready for a huge deficit hike
Treasury Secretary Steven Mnuchin said the Trump administration will have a proposed tax plan completed by August. Based on campaign promises, its broad outlines will include a substantial cut to corporate taxes and perhaps reductions in individual taxes. Whatever the details, the plan will almost certainly blow up the federal deficit, and that has big economic and political implications.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.