Tag: Taxes
When the next recession hits, whoever is president will face intense pressure to cut tariffs, so don’t rely on them for revenue, top economist says
The federal government is on pace to reap a significant amount of revenue from President Donald Trump’s tariffs, but they may not be a...
The Social Security tsunami: Payments could be cut by 23%, doubling the poverty rate for America’s seniors
As millions of Americans rely on Social Security for their monthly income, new reports indicate the program’s finances are at a critical juncture. Here’s...
Texas tax-free weekend returns Aug. 8-10 to help you save money on back-to-school items
SAN ANTONIO – The first day of school will be here before you know it, and you’ll likely want to get the most bang...
Warren Buffett’s longtime Social Security warning is coming to fruition, with retirees facing an $18,000 annual cut
In just seven years, Social Security will reach a fiscal cliff that could leave millions of American retirees with drastically reduced benefits, according to...
General Motors’ EV sales rose 111%, reflecting an industry-wide to push to beat Trump’s tax credit deadline
General Motors beat economists’ Q2 earnings estimates, in part due to a 111% surge in EV sales.
The automaker recorded $3.04 billion in adjusted earnings...
6 in 10 Americans say Trump’s ‘Big, Beautiful Bill’ will help the rich and hurt the poor in new poll
Republican elected officials are promoting their recently passed tax and spending bill as a win for working Americans, but a new survey shows that...
Stocks rise Thursday after strong corporate earnings reports
Stocks closed higher on Thursday, thanks to a host of positive corporate earnings reports and better-than-expected economic data.
Both the the S&P 500 and the Nasdaq...
The U.S. debt outlook is so dire it now resembles the student loan crisis, former White House economic adviser says
The U.S. is inviting a debt shock if it continues on its current trajectory, which is starting to look like unsustainable student loans, according...
Trump tax law quietly takes aim at popular perk: office snacks
The SkinnyPop in the break room may not last. Donald Trump is targeting the office snack.
The president’s signature tax law allows a long-standing business...
Americans are eyeing up €1 homes in Europe to escape the broken economy—no Visa needed, but it’s not all dolce vita
Americans are packing their things and leaving the U.S. in droves. Those looking to escape may be able to snag a villa in Sicily...
