Tax Cuts from Trump Will Not Increase the Trade Deficit
Weak links in twin deficit chains Recently, there’s been discussion about President Trump’s tax cuts potentially enlarging the trade deficit. This notion stems from what is known in economic circles as the “Twin deficit” hypothesis, which suggests that the fiscal deficit and trade deficit are closely linked, rising and falling together. The reasoning appears straightforward. […]
IRS loses almost a third of its tax auditors due to budget cuts, watchdog report reveals
On February 20, 2025, a traffic light outside the U.S. Internal Revenue Service (IRS) building in Washington, D.C. changed to red. The IRS has seen a significant loss of tax auditors, with a report from a watchdog revealing a decline in government efficiency linked to Elon Musk. By March 2025, the number of employees had […]
Cuts to Social Security raise new worries across the United States.
On April 25, 2025, the Social Security Agency (SSA) is set to implement a new emergency policy, which, while not as drastic as previous changes, still raises significant concerns for millions reliant on the program. The agency will now limit the recovery rate for overpayments to 50% of a beneficiary’s monthly benefit across various Title […]
Former Runcorn MP Mike Amesbury calls on Labour backbenchers to resist cuts to welfare.
Amesbury Calls for Action from Labour after Election Loss Mike Amesbury, the former MP for Runcorn, has urged the Labour Party Back Venture to stand against cuts to winter fuel assistance and welfare in light of his former constituency’s recent defeat to the British Reform Party. After facing a conviction for assault, Amesbury acknowledged his […]
A report states that the IRS has reduced its number of tax auditors by nearly one-third following two months of budget cuts.
IRS Auditor Departures Raise Concerns A recent report from a U.S. Treasury Department watchdog has revealed that nearly a third of tax auditors left their positions through March, largely influenced by the Trump administration’s overhaul of the IRS workforce. The initiative, led by Elon Musk’s government efficiency program, aimed to streamline the federal workforce via […]
Most Likely Voters Prefer to Continue Trump’s Tax Cuts
It seems that most US voters are in favor of extending President Donald Trump’s tax cuts from 2017, according to a recent public opinion survey. The poll presented a question to participants: “As you may know, the tax cuts from President Trump in 2017 will end in 2025 if neither the president nor Congress chooses […]
Letitia James spearheads a lawsuit across multiple states to prevent Trump’s HHS budget cuts.
New York Attorney General Leticia James announced on Monday that the Trump administration, which is spearheading a coalition of 20 states advocating for cuts in public health funding from the Department of Health and Human Services (HHS), is engaging in what she labeled the most “calamitous and unlawful assault on public health” in American history. […]
Over 80% of voters are in favor of maintaining Trump’s 2017 tax cuts, according to a survey.
A recent poll indicates that more than 80% of voters are hopeful for an extension of President Trump’s 2017 tax cuts before they potentially expire at the year’s end. This sentiment is fueling efforts to finalize legislation that would make the cuts permanent. A survey obtained exclusively reveals that if 84% of U.S. voters were […]
Gold (XAUUSD) and Silver Price Prediction: Will Fed Rate Cuts Push Gold Above $3,300? – FXEmpire
Tariffs and geopolitical risks fuel gold’s momentum Market participants are reacting to a complex backdrop that has intensified ongoing conflicts in Eastern Europe and rising tensions in the Middle East. The situation in Russia and Ukraine remains unresolved, yet recent developments have stirred up volatility once again. Moreover, the renewed threat of retaliation and instability […]
NPR CEO questioned about potential bias following Trump’s cuts to taxpayer funding.
NPR CEO Responds to Funding Cuts and Bias Accusations In a recent CBS interview, NPR’s CEO Katherine Maher addressed claims of bias in NPR news reports following President Donald Trump’s executive order that significantly reduces taxpayer funding to the outlet. This order was based on accusations that NPR and PBS disseminated “radical awakening propaganda.” “The […]