skip to main content
skip to newscasts

Thursday, July 17, 2025

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Republicans plow ahead on cuts to PBS and foreign aid; LGBTQ advocates condemn FL Attorney General's focus on transgender athletes; Court allows NH TikTok lawsuit claiming deceptive practices to proceed; Funding fight in one Michigan city not stopping clean energy efforts.

view newscast page
play newscast audioPlay

Trump is pressed to name a special counsel for the Epstein case. Speaker Mike Johnson urges Senate not to change rescissions bill, and undocumented immigrants are no longer eligible for bond before deportation hearings.

view newscast page
play newscast audioPlay

Cuts in money for clean energy could hit rural mom-and-pop businesses hard, Alaska's effort to boost its power grid with wind and solar is threatened, and a small Kansas school district attracts new students with a focus on agriculture.

Colorado working families would pay more under Trump tax proposals

play audio
Play

Thursday, November 21, 2024   

President-elect Donald Trump and Republicans in Congress have promised to pass a new tax bill, and a new report breaks down the expected winners and losers.

Joe Hughes, senior policy analyst with the nonpartisan Institute on Taxation and Economic Policy, says based on Trump's campaign proposals, the top one percent - those making more than $900,000 a year - will see their tax bill go down by more than $36,000, on average.

"The top 5% of households make more than $360,000 a year. They will likely see their taxes go down. For the other 95% of Americans, they will likely see their taxes go up," he said.

Hughes added that Americans earning between $55,000 and $94,000 a year would have to pay over $1,500 more in taxes. The combined increases would further shift the tax burden - to pay for bridges, schools, health care and highways from corporations and higher-income individuals to low- and middle-income families. Trump has claimed, without evidence, that increasing tariffs on foreign goods would cover revenues lost due to tax cuts.

Hughes says because companies pass the costs of tariffs along to consumers, Americans will also be hit with what is essentially a national sales tax. He added the incoming administration's proposals, if enacted, could increase the national debt by as much as $15 trillion over the next decade.

"The proposals to increase tariffs are not going to raise enough revenue to offset the tax cuts that he's proposed to give to high-income individuals and to corporations," Hughes continued.

Trump has called the election results a mandate for his policies. But Hughes noted a strong majority of Americans support a tax code that's fair, one that asks those who can afford it to contribute more. They don't think billionaires such as Elon Musk should pay less than working families.

"Most Americans, even a majority of Republicans, support higher income taxes on the wealthy and on corporations," he said. "So, there is some disconnect here between the candidate that they voted for and the policies that actually poll well with voters."


get more stories like this via email

more stories
Just 30% of U.S. solar and 57% of wind projects are expected to survive under the new GOP tax and spending law signed by President Donald Trump. (Adobe Stock)

Environment

play sound

More than $7 billion in Colorado's GDP and 9,600 jobs are projected to be lost under President Donald Trump's signature tax and spending bill which cu…


Environment

play sound

California receives high marks in a report on the fight against plastic pollution. This is Plastic-free July and the United States of Plastics report…

play sound

Environmental groups say Oregon's new groundwater law, meant to curb pollution, has been diluted to the point they can no longer support it. …


At least one in seven Nebraskans, or 287,240 people, are facing hunger, with one in five children considered food insecure. (Adobe Stock)

Social Issues

play sound

Groups working to end hunger in Nebraska are reaching out to all parts of the state to train food insecure people to advocate for others facing simila…

Social Issues

play sound

New Mexico demonstrators will join nationwide protests today to oppose policies of the Trump administration. The "Good Trouble Lives On" nonviolent …

Refugee and Immigrant Connections Spokane will use its AARP Community Challenge funds to teach digital literacy skills to refugee seniors. (Adobe Stock)

Social Issues

play sound

More seniors in Washington state are facing financial strain or even losing their homes and seven local organizations will expand support for them wit…

Environment

play sound

An effort to restore Northern pike habitat in Green Bay is also benefiting other wildlife species and raising local awareness about the effects of cli…

Environment

play sound

Conservation groups, including the National Wildlife Federation and Oceana, are calling for a moratorium on deep-sea mining for minerals until more …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021