Dossier
$5 trillion tax hike
Coverage of $5 trillion tax hike in the Nexus archive.
- Almost every US tax filer got a cut this year, coming to $82B in relief: Treasury Department
The Treasury Department reported that almost every US tax filer received a tax cut this year, totaling $82 billion in relief. Without the new law, families would have faced a $5 trillion tax hike due to the expiration of Trump's 2017 tax law.