California’s film tax credit increase officially enacted to attract Hollywood jobs back.
California Increases Film and Television Tax Credit Program Nine months ago, Governor Gavin Newsom committed to more than doubling the annual funding for California’s Film and Television Tax Credit Program. Standing alongside Mayor Karen Bass and a union representative, Newsom emphasized the need for the state to take significant actions. Hollywood, he noted, originated in […]
Trump’s tax deductions for tips, car loans, and others might not significantly help low-income earners.
Senate Advances Tax Cut Bill Amid Concerns Over Beneficiary Impact After the Senate approved a major tax cut bill on July 1, 2025, Senators John Basso (R-Wyoming), Mike Crapo (R-Idaho), and Lindsey Graham (R-SC) spoke to the media. This legislation, supported by President Trump, focuses heavily on tax reductions. Included in the package are various […]
Trump’s tax plan delayed due to threats of rebellion from conservative House Republicans
Trump’s Legislative Agenda Faces Obstacles in House President Donald Trump’s legislative plans hit a snag Wednesday afternoon in the House of Representatives. Concerns from conservatives and weather-related delays contributed to challenges in passing two procedural votes, disrupting early afternoon plans to kick off debates on what Trump calls his “big, beautiful bill.” As of now, […]
Republicans Are Working to Stop the Biggest Tax Increase in Years
Tax Changes Ahead for Americans As Democrats push forward, there’s a clear reality—your taxes are set to rise significantly. This isn’t just a guess. If the tax cuts implemented in 2017 under President Trump and the Republican Congress expire, millions of middle-class families, small businesses, and working parents will be affected. Without action, we could […]
EUR/USD surge slows down at multi-year peak due to tax bill and rising yields
The EUR/USD has dipped from 1.1830 as the US tax bill moves past the Senate and the Treasury experiences a rebound. Recent US data seems to back the Fed’s cautious approach. Powell remains undecided about a rate cut in July. ECB’s De Guindos indicated that EUR/USD exceeding 1.2000 could complicate matters. Economic data from the […]
Democrat describes Murkowski as a ‘cheap date’ regarding the whaling tax exemption
During a House Rules Committee hearing on Tuesday, Rep. Jim McGovern (D-Mass.) commented on Sen. Lisa Murkowski’s (R-Alaska) description of President Trump’s substantial tax and spending package, referring to it as a “cheap date” in exchange for votes on the fishermen’s tax credit. This discussion followed a question from Rep. Joe Neguse (D-Colo.) to House […]
Market Update: Dow Rises 400 Points After Senate Approves Trump’s Tax Proposal
Market Update: July Start with Mixed Signals On Tuesday, the stock market began July on a downturn, primarily influenced by declines in major tech stocks. In contrast, there was a notable uptick from small businesses, which provided some relief. The Dow Jones industrial average climbed by 400 points, or 0.9%. However, the S&P 500 dipped […]
Murkowski expresses sadness over the difficult journey to support the GOP tax bill.
Senator Lisa Murkowski (R-Alaska) expressed her hope that the highly debated GOP tax and spending package would be perceived as “painful” and emphasized the need for further enhancements to the bill, both in the Senate and the House. Speaking to reporters following the vote, she mentioned that cuts to Medicaid and the Supplemental Nutrition Assistance […]
Map Details Projected Healthcare Losses by State Due to Tax Bill
Potential Impact of Trump’s Tax and Spending Bills on Uninsured Americans If President Donald Trump’s proposed tax and spending initiatives go through, it’s projected that several states might experience a 5% increase in the number of Americans lacking health insurance, according to data collected by KFF. Specifically, Louisiana, Washington, and Oregon are expected to face […]
House Rules Committee discusses Trump tax bill in last push before deadline
The House of Representatives is gearing up for a crucial stage in moving forward with President Donald Trump’s significant legislative proposal. This follows an intense period where the Senate debated the bill for over 24 hours before narrowly passing it on Wednesday, with Vice President JD Vance casting the deciding vote. Now, the House Rules […]