New US tax cuts would worsen federal fiscal picture - CBO [DailyFinance (AOL.com)]
Oxford Industries, Inc. (OXM)
Last oxford industries, inc. earnings: 3/26 04:05 pm
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Source: DailyFinance
Republican plans to make President Donald Trump's tax cuts permanent for individuals and many private businesses would worsen an already rising U.S. debt burden, congressional researchers said on Tuesday. In its annual long-term budget outlook, the nonpartisan Congressional Budget Office (CBO) said the debt will equal 78 percent of U.S. gross domestic product by the end of the year and a record 152 percent by 2048, a trajectory that it said would hurt the economy, increase the likelihood of a fiscal crisis and make it harder for the government to respond. Trump's $1.5 trillion tax cuts and a $1.3 trillion spending bill enacted by Congress in March have already helped push CBO's debt projections higher through 2041, the report said. The new tax law permanently slashed the corporate income tax rate to 21 percent from 35 percent. But $1.1 trillion in tax cuts for individuals and businesses structured as pass-throughs are set to expire after 2025. If lawmakers changed current l
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OXM
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OXM
Earnings
- 3/28/24 - Miss
OXM
Sec Filings
- 4/5/24 - Form 4
- 4/5/24 - Form 144
- 4/5/24 - Form 144
- OXM's page on the SEC website