Latest in Republicans clash over 'SALT' deduction as they seek to extend Trump's tax law
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Amazon is the latest Big Tech company to donate $1mn to Trump fund
Contribution to inauguration effort comes as founder Jeff Bezos and others attempt to build ties with the president-electFinancial Times - 1h -
Senate Democrats seek communications between Boris Epshteyn and Trump picks
Two top Senate Democrats are calling on Preisdent-elect Donald Trump's administration picks to be required to disclose any communications they've had with Trump's longtime adviser Boris Epshteyn. ...CBS News - 3h -
FirstFT: Donald Trump extends inauguration invitation to Xi Jinping
Also in today’s newsletter, the Chinese officials detail their top economic priority and the ECB’s latest interest rate cutFinancial Times - 5h -
Biden Says Trump’s Tax Cuts and Tariffs Would Be ‘a Major Mistake’
The president also said his successor would face blowback from the Republican Party if he tried to unwind the Biden agenda.The New York Times - 2d -
Republicans clash over 'SALT' deduction as they seek to extend Trump's tax law
Some House Republicans are demanding an increase to SALT deduction in order to support an extension of President-elect Donald Trump's tax law next year.NBC News - 6h -
Proposed 'Trump' law seeks to allow felons to run for office in Missouri
A Missouri representative is proposing a repeal of a state law that currently prevents citizens with a felony history from running for a state office.The Hill - 13h -
Far-Right Militias Seek Role in Trump Deportation Plan
The incoming administration said it would not rely on outside groups to carry out its plan to deport millions of immigrants, but militias have a long record of inserting themselves into patrolling ...The New York Times - 1d -
Clashes erupt between Somalia's federal troops and regional forces over a disputed local election
Clashes have erupted in a southern town in Somalia between the country’s federal government forces and regional troops of the state of Jubbaland amid escalating tensions over a disputed regional ...ABC News - 1d -
Oilers extend their winning streak to 3 games with a 2-1 win over the Lightning
Leon Draisaitl had a goal and an assist and the Edmonton Oilers won their third straight game, beating the Tampa Bay Lightning 2-1ABC News - 1d -
Top Republicans split over strategy to move Trump's 2025 agenda
Top Republicans are divided over the best strategy to advance border, tax, energy and other core components of President-elect Donald Trump’s agenda through reconciliation next year.NBC News - 2d -
South Korea's ex-defense minister is formally arrested over brief imposition of martial law
South Korea's previous defense minister has been formally arrested over his alleged collusion with President Yoon Suk Yeol and others in imposing martial law last weekABC News - 2d -
Zinke: Many House Republicans 'beholden' to Trump
Rep. Ryan Zinke (R-Mont.) says many House Republicans are “beholden” to President-elect Trump after getting his support during the 2024 election cycle, and that he will have a big influence on the ...The Hill - 2d -
Senate Democrats gauging interest in bill to extend tax benefits to Taiwanese companies
Senate Democrats are considering a bill to give tax breaks to Taiwanese companies, gauging interest in using a fast-track process to pass it into law. The tax benefits for Taiwan were included as ...The Hill - 3d -
Trump says he won't stop administration from seeking retribution
Trump also told "Meet the Press" the Jan. 6 committee members should be jailed.ABC News - 3d -
Trump says he won't seek to remove Fed chairman Powell
President-elect Trump in a new interview said he does not plan to try and fire Jerome Powell as chairman of the Federal Reserve upon taking office next year. "No, I don't think so. I don't see it," ...The Hill - 4d -
Trump's tariffs: A tax on American consumers
President-elect Donald Trump has promised to impose across-the-board tariffs on imported goods from some allies and adversaries, claiming that foreign nations will pay such taxes to the U.S. ...CBS News - 4d -
Will Trump seek detente with Venezuela in return for border security?
The Trump administration is considering a double-sided détente with Venezuela to increase energy imports and stem migratory flows to the Southern border, with the oil industry and financiers ...The Hill - 6d -
Police in India clash with farmers during protest march over minimum price demand for crops
Indian police fired tear gas at hundreds of protesting farmers who tried to break barricades blocking their way to New Delhi to demand guaranteed crop pricesABC News - 6d -
Trump heads to France as world leaders seek to curry favor
President-elect Trump is holding court with foreign leaders as they seek to gain influence and insight into his mindset before he takes office, with the expectation that the Trump administration ...The Hill - 6d -
These Two Factors Could Set Up a Trump Clash With the Fed
If borrowing costs don’t drop and household costs remain high, the incoming president could turn his ire on the traditionally independent central bank.Inc. - Dec. 5 -
Trump’s populist 'mandate' could disrupt business tax reform wish list
Congress, and the GOP, has changed since then-President Trump and Republicans crafted the 2017 Tax Cuts and Jobs Act. And while Speaker Mike Johnson (R-La.) and GOP leadership are gunning to get a ...The Hill - Dec. 5 -
Top Republicans collide on strategy for Trump tax agenda
House and Senate Republicans are clashing over how to advance President-elect Trump's tax agenda after incoming Senate Majority Leader John Thune (R-S.D.) offered a plan that would put off tax ...The Hill - Dec. 5 -
On Trump tax cuts, energy and immigration plans, clash emerges between House, Senate GOP leaders
Jason Smith, Chair of House Ways and Means, tells CNBC that his voting majority will be extremely slim for passing President-elect Trump's tax cut promises.CNBC - Dec. 5 -
What happens if Trump ends the electric vehicle tax credit?
President-elect Donald Trump has signaled he wants to end the $7,500 tax credit for electric vehicle buyers. Albert Gore III, executive director of the Zero Emission Transportation Association, ...CBS News - Dec. 4 -
Trump Tax Cuts Won’t Help the Economy Grow, Budget Office Finds
A larger debt and higher interest rates would cancel out the boost from keeping individual taxes lower, the nonpartisan Congressional Budget Office found.The New York Times - Dec. 4 -
Kenneth Chesebro seeks to invalidate plea deal in Trump Georgia case
Kenneth Chesebro, a former lawyer for President-elect Trump, is seeking to invalidate his plea deal in the Georgia election interference case that also swept up his former boss as a defendant. ...The Hill - Dec. 4 -
These parts of Trump's tax cut law expire in 2026
The 2017 Tax Cuts and Jobs Act (TCJA) made huge permanent cuts to corporate and business taxes while making temporary cuts to individual taxes to limit the bill’s expansionary effects on the ...The Hill - Dec. 4 -
South Korean lawmakers seek president’s impeachment after 6-hour martial law declaration
South Korean lawmakers called on President Yoon Suk Yeol to resign or face impeachment after he declared martial law only to lift the order hours later.NBC News - Dec. 4 -
Republican senators torn over FBI background checks for Trump Cabinet picks
Republicans senators returned to Washington after Thanksgiving recess to a renewed peppering of questions about President-elect Donald Trump's Cabinet picks.ABC News - Dec. 3 -
Republican senators express growing concerns over Pete Hegseth misconduct allegations
Pete Hegseth, Trump's pick for defense secretary, was back on Capitol Hill Tuesday looking to shore up support as he fends off allegations of misconduct.ABC News - Dec. 3 -
Georgia Republicans Seek Fani Willis’s Testimony and Records in Trump Case
Ms. Willis, who charged Mr. Trump in connection with his efforts to cling to power after the 2020 election, came under scrutiny over her relationship with a lawyer she hired to lead the case.The New York Times - Dec. 3 -
South Korean president, parliament clash over martial law: 5 takeaways
South Korean President Yoon Suk Yeol declared emergency martial law Tuesday, accusing the parliament of being a “den for criminals” and of “attempting to overthrow” the nation’s democracy. Hours ...The Hill - Dec. 3 -
Black Republicans feel left out of Trump’s 2nd-term picks
As President-elect Donald Trump fills out his Cabinet and closest advisers, African American Republicans ask why more Black people haven’t been selected.ABC News - Dec. 3 -
Why Republicans Might Oppose Trump’s Push to Undo Biden’s Triumphs
President Biden wants to make it more difficult for President-elect Donald J. Trump to repeal his signature legislation, which sent money flowing to Republican districts nationwide.The New York Times - Dec. 3 -
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Meta’s Zuckerberg seeks ‘active role’ in Trump tech policies
Policy chief Nick Clegg says social media company ‘overdid it’ on content moderation, as it seeks to placate president-electFinancial Times - Dec. 3 -
Trump’s tax plans: Housing credits ‘in play,’ and there’s buzz over a short extension for expiring cuts
One veteran analyst is predicting that housing tax credits will get included in the GOP’s big tax package next year. Separately, some GOP lawmakers reportedly have talked about using the package to ...MarketWatch - Dec. 3 -
Trump picks Republican mega-donor Warren Stephens as ambassador to UK
Investment banker has donated regularly to conservative causes although not always in favor of the president-elect. Donald Trump announced on Monday he has picked investment banker and Republican ...The Guardian - Dec. 2 -
Ontario’s ad campaign seeks to counter Trump tariffs threat
Canadian province is US’s third-biggest trade partner and its automotive industry is intertwined with that of its southern neighbourFinancial Times - Dec. 2
