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This Week's News
News that will have an impact on Western Montana families, schools, businesses, and local governmants.
Extending the Trump Tax Cuts Would Harm the Economy and Raise Consumer Borrowing Costs While Pushing Up Debt
March 24, 2025, by Bobby Kogan, The Center for American Progress
A new report from the nonpartisan Congressional Budget Office finds that extending the Tax Cuts and Jobs Act (TCJA) would hurt—not help—the economy.
Most of the provisions of the 2017 Trump tax law that affect households, as well as some of the provisions that affect businesses, are set to expire at the end of 2025. A new report released Friday from the nonpartisan Congressional Budget Office (CBO) finds that extending these tax cuts without paying for them would worsen the economy—not better. The extension of these tax cuts would raise the costs of consumer borrowing, such as car loans, student loans, and mortgages.
continued online https://www.americanprogress.org/article/extending-the-trump-tax-cuts-would-harm-the-economy-and-raise-consumer-borrowing-costs-while-pushing-up-debt/
The Trump administration plans to cut vaccine aid to developing countries and end funding to Gavi, a global health organization that helps provide life-saving care for millions of children.
by Marina Dunbar, Wednesday, 26 March 2025, The Guardian
The Trump administration is planning to end funding for Gavi, a global health organization that helps provide vaccines and other life-saving care to developing countries.
A 281-page spreadsheet obtained by the New York Times lists the Trump administration’s plans for thousands of foreign aid programs, including financial cuts to the organization that buys vaccines for children, as well as scaling back on programs that combat malaria in developing countries.
Gavi is estimated to have saved the lives of 19 million children since it was set up 25 years ago with the US contributing 13% of its budget, the Times said.
“The US has historically been one of Gavi’s biggest donors and I hope that longstanding champions on Capitol Hill will urge the administration to reverse course,” said Janeen Madan Keller, policy fellow and deputy director of the global health policy program at the Center for Global Development.
She added: “Gavi is one of the most impactful global health initiatives. We know that vaccinating children is one of the most cost-effective ways to improve health and save lives – which is exactly why Gavi has enjoyed bipartisan support to date.
“This latest move will turn back years of hard-won progress and stymie Gavi’s efforts to stop the spread of infectious disease outbreaks before they reach the US border.”
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