Tax
The US Senate passed the No Tax on Tips Act on Tuesday after the Nevada senator Jacky Rosen brought the bill up for a unanimous consent request. “This bipartisan bill is a good idea. It has support from Democrats and Republicans, so we should pass it, well, as soon as possible, without any poison pills,” […]
In a moment that seemed more spiritual than political, Donald Trump arrived at Capitol Hill rallying behind what he called the “biggest tax cut in American history.” On the surface, it looked like standard political theater. But for Black America, the proposal may signal something deeper — the start of an economic exodus. After decades […]
IMF urges US to curb deficit as Trump tax cut plan stirs debt fears Financial Times Source link
A proposed tax on remittances from the United States has sparked concerns in Nigeria, as experts warned that the measure could significantly reduce foreign exchange (FX) inflows and push transactions into black-market channels. US lawmakers are currently considering a bill that would impose a 5 percent tax on all remittances sent by US residents to […]
A budget bill, long touted by Donald Trump as the “big, beautiful bill” hit a roadblock on Friday when lawmakers from the president’s own party voted against it in congress. Five Republicans joined all Democrats in delivering a stunning setback to President Trump’s domestic agenda, demanding deeper budget cuts. Trump, who has muscled through close […]
When Congress raised the threshold for imported goods to enter the United States tax-free to $800 from $200 nearly a decade ago, it threw open the door to the American consumer market. Chinese companies rushed in. First on platforms like eBay and Amazon, and then on apps like Shein and Temu, exporters funneled the products […]
U.S. tax dollars may have helped fund terrorism—and internal audits prove it. A new lawsuit alleges that UNRWA, the UN agency responsible for Palestinians, knowingly enabled a money-laundering scheme that funneled U.S. currency to Hamas. According to Avery Samet, a lawyer involved in the case, UNRWA was transferring hard U.S. currency into Gaza every […]
Trump live: Harvard row deepens as US president issues tax threat Al Jazeera Source link
CNN — White House aide Peter Navarro said Sunday that he expects President Donald Trump’s tariffs to bring in $6 trillion in revenue in the next decade, which could amount to the largest tax hike in US history.
US pharmaceutical companies based in Ireland are more likely to shift profits back to the US than close manufacturing plants after Donald Trump accused Ireland of stealing American tax and jobs, experts say. Aidan Regan, a professor of political economy at the University College Dublin, said the US president was right to call out the […]