At its core, the invoice’s precedence is USD 4.5 trillion in tax breaks enacted in Trump’s first time period that may expire if Congress didn’t act, together with new ones. This contains permitting employees to deduct suggestions and time beyond regulation pay. The bundle contains USD 1.2 trillion in cutbacks to Medicaid and meals stamps…
President Donald Trump has praised the broad tax and spending invoice, which Congress handed within the early hours of Friday, as some of the profitable payments within the historical past of America. The wide-ranging invoice will now be signed into regulation by the President later as we speak, though its precise real-world affect is predicted…
U.S. President Donald Trump. File | Photograph Credit score: AP U.S. President Donald Trump on Thursday (July 3, 2025) secured a significant political victory when Congress narrowly handed his flagship tax and spending invoice, cementing his radical second-term agenda and boosting funds for his anti-immigration drive. The invoice underlined the President’s dominance over the Republican…
Democrats object to cuts in social safety spending, together with Medicaid for the poorest Individuals as properly. Since cuts and restrictions on Medicaid are on the coronary heart of the dialog across the Invoice, right here is an explainer on what it’s: What’s Medicaid? The medical insurance programme for low-income Individuals that gives protection for…
.png?rect=0%2C0%2C1799%2C944&w=1200&ar=40%3A21&auto=format%2Ccompress&ogImage=true&mode=crop&enlarge=true&overlay=false&overlay_position=bottom&overlay_width=100&w=600&resize=600,400&ssl=1 "Donald Trump and Elon Musk, mates turned foes, now blowing cold and warm")
It’s a fascinating battle the world is witnessing on social media. The richest man on earth and essentially the most highly effective man on earth have been buying and selling insults on social media platforms owned by every of them, respectively. Whereas US president Donald Trump has been capturing barbs at Musk on Reality Social,…
President Donald Trump has threatened to chop Elon Musk’s authorities contracts as their fractured alliance quickly escalated right into a public feud on Thursday, 5 June. Musk has now retaliated (6 June IST, nonetheless 5 June within the US) by naming the POTUS as that includes within the Epstein recordsdata. Yep — boy, are they…
“The federal forms state of affairs is far worse than I realised,” he advised the Washington Submit. “I assumed there have been issues, nevertheless it positive is an uphill battle making an attempt to enhance issues in DC, to say the least.” Musk had beforehand been effusive concerning the alternative to reshape Washington. He wore…
&w=600&resize=600,400&ssl=1 "Trump’s remittance tax sours Indian view of US dream")
President Donald Trump’s “One Large Stunning Invoice” features a 3.5 per cent excise tax on remittances despatched overseas by non-US residents. India, the world’s largest recipient of abroad remittances, acquired roughly $129 billion in 2024, with 28 per cent originating from the US learn extra The US Home of Representatives narrowly handed President Donald Trump’s…
Republicans criticising the measure argued that the invoice’s new spending and tax cuts are front-loaded, whereas the measures to offset the price are back-loaded. Specifically, the conservative Republicans need to pace up the brand new work necessities that Republicans need to enact for able-bodied individuals in Medicaid. That they had been proposed to begin 1…
