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Trump administration budget would extend expiring income, estate tax cuts

Capitol Hill

Capitol Hill Democrats are set to resist the spending proposal; the SEC requests a budget bump

In a budget proposal released Monday, the Trump administration assumes that tax cuts set to die in 2025 would live on — a move that almost certainly will hit resistance on Capitol Hill.

The $4.8 trillion White House budget for fiscal 2021 projects a $1.1 trillion deficit for 2020 that drops to

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