Trump’s new legislation could lead to significant tax hikes for Canadian businesses, potentially costing investors as much as $81 billion over seven years.
Changes in US Tax Policy Affecting Canadian Businesses President Donald Trump’s proposed tax legislation could lead to a notable rise in tax rates for Canadian firms, which may ultimately burden investors with up to $8.1 billion in extra taxes over a seven-year timeframe. Recently, the House approved a Republican measure—dubbed “The One, Big, Beautiful Bill”—by […]
Cornyn, Grassley, and Klobuchar introduce legislation to safeguard data during 23andMe bankruptcy
New Bipartisan Measures Aim to Safeguard Genetic Data Republican Senators John Cornyn and Chuck Grassley, along with Democrat Senator Amy Klobuchar, are pushing for new bipartisan legislation to protect sensitive genetic information. Their initiative responds to increasing privacy concerns, particularly following the bankruptcy of 23andMe, as reported recently. The senators have introduced the DONT SELL […]
Wildlife organizations call on Labour to eliminate ‘permit to destroy nature’ from planning legislation.
Wildlife Charities Urge Labour to Reconsider Planning Bill Major wildlife organizations are urging the Labour Party to remove a critical section of a planned legislation, deeming it a “license to harm nature.” This call comes as new information indicates that bats and newts are not the primary factors causing delays in planning across the UK. […]
5 key points from the House approval of Trump’s major legislation
House Republicans advanced significant measures early Thursday that align with Trump’s tax goals, featuring notable cuts to Medicaid, food stamps, and additional partisan provisions. This extensive bill, exceeding 1,000 pages, underwent overnight adjustments to satisfy both moderate and hardline conservatives within the GOP. It proposes substantial tax reductions and aims to cut spending by $1 […]
How Trump’s major legislation is impacting the bond market
The recent House Republican bill lacks clear cost estimates and may undergo significant changes in the Senate. Nevertheless, it’s already causing a stir in the global financial markets. As the bill advanced, US bonds were sold off, which could potentially increase the national deficit by trillions. The deficit has been around 120% of GDP since […]
Long Island Representative Andrew Garbarino dozes during important legislation, skips the vote: ‘Losing his influence’
Garbarino’s Sleepy Mishap During Key Vote Rep. Andrew Garbarino, a Republican from Long Island, had a rough awakening on Thursday after missing a crucial vote on President Trump’s significant bill. According to House Speaker Mike Johnson (R-La.), Garbarino, rather unfortunately, fell asleep and didn’t manage to make it back in time for the final count. […]
New legislation seeks to prevent China from using other nations to bypass Trump’s tariffs
Republicans Target China’s Tariff Avoidance Republicans are focusing on China’s attempts to bypass US tariffs by relocating production abroad. This initiative was unveiled on Thursday by House Budget Chairman Joe Arrington from Texas. The Non-Market Tariff Avoidance (ANTE) Act aims to curb subsidies and the activities of state-owned enterprises that establish operations in other countries […]
New legislation suggests a 50% tax on foreign acquisitions of U.S. land during the housing crisis.
Foreign entities are acquiring U.S. real estate while American citizens struggle to buy homes, this is according to Representative Pat Harrigan from North Carolina. He spoke to Fox News Digital about new legislation aimed at tackling this issue. Harrigan’s proposed legislation, known as the Real Estate Interrelations Act, seeks to impose a 50% tax on […]
Live updates: Johnson expresses a victorious tone as GOP approves Trump’s ‘impressive legislation’
House Passes GOP Tax and Spending Bill with Trump’s Priorities The House of Representatives has approved a tax and spending bill backed by the GOP, aligning closely with President Trump’s domestic agenda. After significant debate, the bill is now headed to the Senate for further consideration, following another vigil for those affected at home, which […]
Trump’s ‘grand, impressive legislation’ gets approved by House in strong win for GOP leaders
Trump’s “One Big Beautiful Bill” Passes House Amid GOP Turmoil President Donald Trump’s “one big beautiful bill” cleared the House early Thursday morning, facing significant backlash from some Republican members. It’s a noteworthy achievement considering the deep divisions within the House GOP. This legislation is a sprawling multi-trillion dollar proposal aimed at advancing Trump’s priorities […]