Senate GOP’s patience with Johnson wears thin

September 17, 2024

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Business and Economics

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Rep. Horsford introduces bill to repeal tip tax

Rep. Steven Horsford (D-Nevada) formally introduced a bill on Tuesday that seeks to repeal the federal tax on tips, a proposal supported by both presidential candidates.

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President Trump threatens to repeal salt deduction cap

Former President Trump did a 180-degree turn on a controversial tax policy known as the SALT deduction cap on Tuesday, straying from a key provision of his signature domestic policy.

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Massey: Johnson's spending plans are 'undead but doomed zombies'

Rep. Thomas Massie (R-Ky.) on Tuesday criticized House Speaker Mike Johnson (R-La.) after news broke that Republican leaders plan to bring a budget bill up for debate this week despite opposition from various factions in Congress.

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Ticker

Upcoming news topics and events to watch:

of Federal Open Market Committee To be announced Interest rate cuts Wednesday at 2pm ET.
Chairman of the Federal Reserve System Jerome Powell Will be held Press Conference Wednesday 2:30pm.

In other news

Here's a more detailed account of what happened that day:

Instagram makes teen accounts private as pressure grows for app to protect kids

Instagram is making teen accounts private by default in an effort to make the platform safer for kids…

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Good to know

Business and economic news from other media:

Stock price growth stalls Near record Before the Federal Reserve Board decision (Bloomberg)
Alaska and Hawaii merger The airline has passed DOT inspection, but must maintain the miles and routes.CNBC)
“You might not be crazy”: Why the election Problems for the Fed. (POLITICO)

What others are reading

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Hillary Clinton: 'Struggling' with Melania Trump

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The escalating conflict between former President Trump and Taylor Swift could have an impact on the November election as Democrats seek to use Swift's endorsement of Vice President Harris as a way to boost voter turnout. read more