The Latest: Fed chair expects ‘modest lift’ from tax cuts
Federal Reserve Chair
Yellen said at a news conference the likelihood of lower taxes is why Fed officials expect the economy to grow at 2.5 percent in 2018. But growth would then slip back closer to its recent 2 percent average.
She says the potential for greater consumer spending and capital investments from tax cuts has been reflected in part by rising stock prices.
Yellen cautions, however, that there is "considerable uncertainty" about the impact of the tax cuts, which are estimated to add at least
President
Speaking in the grand foyer of the
The president is trying to counter concerns that the tax plan will primarily benefit the rich.
Trump says that if
President
Speaking in the grand foyer of the
Trump is speaking before a crowd that includes middle-income families from around the country and members of the College Republicans and Young Republicans.
House and
President
Trump says Wednesday that a deal is "very, very close." He added that it is "very important" to vote on the legislation next week.
House and
Trump plans to make a pitch Wednesday for the plan. It would give the president his first major victory in
Trump also reacted to
House and
Top
The measure would give President
The measure has come under assault by
-By
A Republican tax package swiftly taking shape would pull down the top tax rate for wealthy Americans to 37 percent and slash the tax rate for corporations to a level slightly above what businesses and conservatives wanted.
The Latest: Trump lauds deal on GOP tax cuts
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