We cannot increase taxes on endowments because we are in competition with China.
During a segment on Bloomberg’s “Balance of Power,” Representative Jake O’Cincolos (D-MA) argued that increasing taxes on university funds seems illogical, especially as they strive to compete with China in the realms of research and development. Co-host Kylie Lane responded, noting that Republicans perceive the looming tax hike differently; it could raise the donation tax […]
Trump’s proposal for a millionaire tax increase challenges traditional Republican beliefs.
As President Trump’s time in office winds down, he’s raised taxes on the wealthiest Americans, significantly challenging traditional Republican views on taxation. His stance seems somewhat unclear; he often sends mixed signals regarding his policies and their political ramifications. It’s clear both he and Republican leaders recognize the risks involved in stifling democratic discussions and […]
New York’s budget reaches a record $254 billion and here’s why it may increase further
New York State Budget Reaches $254 Billion ALBANY – Governor Kathy Hochul announced on Friday the approval of a state budget totaling a record $254 billion. However, concerns about the budget process and the transparency surrounding the uncertain economic landscape have emerged. This figure represents a $15 billion increase from the previous year, marking an […]
Why Jeff Gundlach believes record-high gold is set for another 20% increase
Gundlach Predicts Continued Gold Rally Jeff Gundlach, often referred to as the “Bond King,” believes that the recent surge in gold prices isn’t finished. The CEO of Doubleline Capital has suggested that gold could potentially reach $4,000 per ounce. Recently, gold prices increased by 20%, jumping from about $3,345 as of Friday afternoons. In a […]
Thune on tax for wealthy individuals: ‘I don’t want to see anyone’s taxes increase’
Senate Majority Leader John Thune (R-S.D.) expressed his reservations about President Trump’s tax proposal earlier this week. However, he remains open to hearing the president’s plans, even regarding potential tax increases on high earners. “I really don’t want to see anyone’s taxes go up,” Thune remarked during an interview on CNBC’s “Squawk Box” on Friday. […]
Long Island schools receive a $270 million increase in state funding, yet homeowners continue to face some of the highest property taxes in the country.
Long Island schools are poised to gain over $270 million in extra state funding next year, which marks a 5.4% increase from the previous year. Interestingly, local homeowners are facing the highest property taxes in the nation. The latest budget from Albany allocates $37 billion for school funding across the state. This agreement not only […]
Is the Social Security increase not happening? Here’s how to handle it.
The Social Security Equality Act, which was signed by former President Joe Biden in January, has increased benefits for many seniors in the United States. However, some individuals may still not see their increases. As of May 2nd, the Social Security Administration reported that 84% of eligible workers are receiving increased benefits, totaling about 2.4 […]
Trump’s plan to raise taxes reminds political experts of George H. W. Bush’s tax increase.
Tax Hike Discussions Echo Past Republican Challenges When President George H.W. Bush was at the 1988 Republican National Convention, he faced accusations from some Americans for promising not to raise taxes, only to approve a tax increase just two years later. Fast forward to today, and similar dilemmas are unfolding with President Donald Trump, who […]
Is the Social Security increase absent? Here’s how to address it
The Social Security Equity Act, which the previous president enacted in January, has led to increased benefits for numerous seniors in the United States. However, some individuals may not have seen these increases yet. As of May 2, the Social Security Agency (SSA) has indicated that around 84% of beneficiaries are receiving boosts in their […]
Trump Would Accept a Tax Increase on the Wealthy but Warns Against It
President Donald Trump mentioned that Republican lawmakers have increased taxes on wealthy individuals, but he suggested that if he were to caution against it in the same breath, it wouldn’t bother him. Trump shared his thoughts on Capitol Hill, presenting himself as a Republican advocating for what he calls the “big beautiful bill.” He contended […]