Trump, tax and Beautiful Bill
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President Donald Trump’s signature tax and spending legislation is providing short-term clarity for Wall Street but fueling concerns about the long-term health of the US economy, investors say.
1don MSN
The Democratic National Committee is launching a new website today to show the impact of President Donald Trump’s tariffs and spending bill on Pennsylvanians. TrumpTax.com “includes Pennsylvania data about the Trump Tax with one underlying truth — if you’re not a billionaire, the Trump Tax will screw you over,” said a DNC statement to PennLive.
A CNBC Special Report looks into the possible impacts the "one big, beautiful" bill could have on higher education, charitable giving and the deficit.
A tax deduction offered to employers for takeout meals and company-provided cafeteria meals will expire at the end of this year thanks to a provision in the so-called "Big Beautiful Bill", which became law earlier in July. Office snacks may be impacted as well.
"I think it's going to be a great incentive," Trump said when asked about a bill that could eliminate a tax on primary home sales.
President Donald Trump's tax-cut and spending bill, which passed Congress on Thursday, averts the near-term prospect of a U.S. government default but makes America’s long-term debt problems even worse.
TrumpTax.com shows that 1.9M Floridians will lose health care, and that state businesses already took a $1.8B hit from tariffs.