If you want a recession, eliminate this business deduction and be patient.
When Donald Trump became president in January, there was a consensus among his advisors about the urgent need to revisit the 2017 Tax Cuts and Jobs Act. Without intervention, a looming 22% tax increase could negate much of the financial progress made over the past decade. Continuing tax reforms offers businesses and investors the kind […]
40% believe the US is in a recession, according to a survey.
About 10% of Americans believe the US is in a recession, but a third disagree. A new poll from The Economist/YouGov, set to be released on Tuesday, sheds light on these views. The survey indicates that 40% of US adults feel the nation is experiencing a recession, while 35% do not share that belief. Interestingly, […]
Republicans become uneasy following Trump’s remarks on tariffs and recession.
On Monday, Senate Republicans expressed growing unease following President Trump’s weekend comments indicating that some tariffs might be permanent. He also suggested that the U.S. could manage a short-term recession. For weeks, GOP members have felt the pressure as instability sparked by the Trump administration’s policies raised concerns over how the economy is being handled. […]
Chevron CEO Minimizes Recession Concerns, Commends Trump, Calls for Caution Regarding Chinese Impact in Venezuela
Chemical Executive Discusses Economic Outlook and Venezuela’s Oil Situation Mike Worth, the CEO of Chevron, recently spoke on FNC’s Sunday Morning Futures, where he expressed support for the economic policies implemented during the Trump administration and minimized concerns regarding a potential recession in the U.S. Nevertheless, he acknowledged that China’s influence on oil-rich Venezuela continues […]
Ron Johnson on the possibility of a recession: “You need to take decisive action”
Senator Ron Johnson (R-Wis.) has observed that the economic strategies of the Trump administration have contributed to concerns over a possible recession, emphasizing the need for decisive action to address the current turmoil. During an appearance on CNN’s “Union Nation” on Sunday, he discussed the recession risks linked to President Trump’s tariff policies. Trump, on […]
6 methods to safeguard your retirement funds during a recession – USA Today
Concerns about retirement are rising as older adults face challenges from tariffs and stock market downturns. For instance, Vicky Knight, a retired teacher and part-time yoga instructor from Marietta, Georgia, shared her worry about her financial situation. She finds her Social Security benefits insufficient, especially as the market has been hit by uncertainties linked to […]
‘SNL’ mocks Trump signing executive orders: ‘Recession will now be referred to as recess’
On Saturday Night Live, President Trump’s reconsideration of executive orders was humorously represented, with the recession being rebranded as “now called a break.” The cold opening kicked off with James Austin Johnson portraying Trump, reflecting on his first 100 days in office. “Well, it’s been 100 years since I became president,” Johnson joked as Trump. […]
Haberman: Trump’s dismissal of recession concerns is a ‘facade he is maintaining’
Maggie Haberman, a political correspondent with the New York Times, recently addressed concerns about Trump’s economic policies, describing them as part of a “frontline.” On CNN’s “The Source,” host Kaitlan Collins asked if Trump seemed unaware of how his new tariffs were impacting the US economy. Haberman responded, suggesting that’s the persona he’s adopting. “They […]
JD FOSTER: A Recession Is Not on the Horizon
Monthly economic reports often come with a mix of clarity and confusion, and this week was no different. However, the overall message seems positive—the economy appears to be in good shape. The immediate good news from Wednesday is that the Fed’s key inflation measure, the Personal Consumption Expenditures Index, showed no inflation. It’s just one […]
Trump states that the economy is going through a ‘transition period’ and minimizes worries about a recession.
President Donald Trump recently downplayed concerns about a short-term recession, suggesting that the U.S. economy is merely in a “transition period” and doesn’t need to be “fantastic.” In an interview with NBC News, he highlighted that while some analysts express worries, others on Wall Street believe the economy is thriving. When pressed about the recession […]