More than half of Americans believe the ‘big, beautiful bill’ will increase health care expenses: Poll
A recent poll indicates that 57% of Americans are concerned about rising medical costs attributed to tax cuts and cuts in welfare. This finding, from a CBS/YouGov survey, seems significant, especially with only 13% believing that the new legislation—referred to as the “big beautiful bill”—would lower healthcare expenses. The Congressional Budget Office hasn’t finalized its […]
Five misconceptions about Medicaid changes in Trump’s ‘One Big Beautiful Bill Act’
The “One Big Beautiful Bill Act” primarily revolves around tax reductions and reformed welfare initiatives, particularly targeting Medicaid. These proposed changes have sparked significant criticism, with various contentious points making their way into the mainstream discussion. There are five common misconceptions about Medicaid reform that seem particularly misleading. The first myth suggests that reforms lead […]
What Medicaid Recipients Need to Understand About the ‘One Big Beautiful Bill’
Key Takeaway Nearly $1 trillion will be cut from Medicaid over the next decade, and recipients may notice these changes soon. Eligibility criteria are changing, which limits retroactive coverage and tightens verification timelines. The impact on healthcare will be significant, especially in rural areas, and states will face greater costs than before. With the new […]
Implications of a GOP bill against central digital currency for consumer banking
The recent GOP initiative to ban Central Bank Digital Currency (CBDC) could potentially derail significant plans to modernize the Federal Reserve’s electronic payment system. On Thursday, some Republican lawmakers voiced their concerns in the House, expressing fears that the CBDC might enable the government to monitor citizens’ financial transactions. The banking sector has already provided […]
Key tax changes in Trump’s ‘big beautiful bill’ for 2025 and their implications for you
It’s been about two weeks since the president’s new legislation, often referred to as the “Big Beautiful Building,” was signed into law. Financial advisors and tax professionals are still working to understand what this sweeping law means for their clients. Some changes are set to take effect in 2025, impacting tax returns that will be […]
Trump’s Major Bill Could Pose Challenges for Renewable Energy
A recent report from Enverus, a large-scale energy data and analytics company, suggests that the swift removal of wind and solar subsidies in the OBBBA of 2025 may significantly affect these industries. The findings indicate that currently, only 30% of proposed solar projects are in development, while 57% of wind projects could remain viable as […]
Trump’s major bill for 2025 features important tax changes and their implications for you
Impact of Trump’s Recent Legislation on Taxes House Speaker Mike Johnson (R-LA) gathered with fellow Republicans in the Rayburn Room at the Capitol on July 3, 2025, to sign what’s been termed a “big beautiful bill.” It’s been nearly two weeks since this significant piece of legislation was enacted, and financial advisors, along with tax […]
Trump’s ‘One Big Beautiful Bill’ might take Medicaid coverage away from 1.3 million people in New York.
What You Should Know An estimated 1.3 million residents in New York could find themselves losing health insurance over the next decade, based on insights from Gov. Kathy Hochul. Medicaid is projected to face cuts of about 1 trillion dollars in the coming ten years due to President Trump’s new tax laws. As part of […]
Tax incentives and additional assistance measures in Trump’s “Big, Beautiful Bill” effective from 2025
The recent tax reform, known as the One Big Beautiful Bill Act, was signed into law by former President Donald Trump on July 4th and will bring significant changes to how Americans handle taxes starting with the 2025 tax year. While it builds on the Tax Cuts and Jobs Act from 2017, this new legislation […]
US Lawmaker raises concerns about the GENIUS bill, calling it a hidden CBDC threat
US Representative Marjorie Taylor Green has expressed concerns that the newly proposed stubcoin bill may serve as a “backdoor” for the government to effectively deploy a central bank digital currency (CBDC), masking it as privately issued crypto tokens. She pointed out that regulated stubcoins possess “functional surveillance capabilities” and are virtually indistinguishable from CBDCs. In […]