Sentences with phrase «deep tax cuts»

And Trump's policies to date — a combination of deep tax cuts and sharp spending increases — are shortening the fuse on that fiscal time bomb, by dramatically widening the already unsustainable gap between revenues and outlays.

In addition, the International Monetary Fund (IMF), in its Global Financial Stability Report, warned that a «wholesale dilution or backtracking» of existing regulations in the U.S., coupled with deep tax cuts, could lead to dangerously high financial risk - taking such as we saw pre-2008.

«You're taking more money from a place like New York in order to pay for deeper tax cuts elsewhere.»

For Trump, what was then a rewarding tax break is now a potential windfall to help offset deep tax cuts.

The expectation of deep tax cuts has helped fuel a stock market rally during Trump's time as president, with the broad S&P 500 index up about 14 percent.

The plan is not expected to include details on ways to offset new spending, or deep tax cuts — though, internally, the White House remains divided as to how much it should address the deficit in tax reform.

The chief House tax writer, Kevin Brady, also signaled openness to the approach last month, saying it would lead to deeper tax cuts.