Latest in SALT income tax deduction cap could double under Trump 2.0. But maybe not for the rich.
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Playing political footsie with Trump 2.0 won’t cut it for Europe. It’s time to get tough | Simon Tisdall
The world must prepare for a US president who will be even more chaotic and less open to diplomacy and compromise than before. Sucking up to Donald Trump is the order of the day as the European ...The Guardian - Dec. 7 -
Eye Opener: Trump doubles down on Hegseth support
President-elect Donald Trump is doubling down on his support of Pete Hegseth as his pick for secretary of defense. Meanwhile, President Biden is said to be considering a wave of preemptive pardons ...CBS News - Dec. 7 -
Trump’s promise to tax imported goods could spell trouble for US auto industry
Automakers face uncertainty as top-selling vehicles, such as the Ford F-150 truck, are sourced from around the globe. Few vehicles are as emblematic of the American auto industry’s might as the ...The Guardian - Dec. 7 -
Europe may have to double its aid for Ukraine under Trump, diplomats fear
Kyiv told to increase domestic arms production as its officials say they have enough support to fight through 2025. European military aid to Ukraine may eventually need to be doubled if Donald ...The Guardian - Dec. 7 -
Trump’s IRS Pick Billy Long is Sweet on the Fraud-Plagued Employee Retention Tax Credit
Some lawmakers say Trump’s new pick to lead the Internal Revenue Service is “a bizarre choice.”Inc. - Dec. 6 -
Billy Long Promised Huge Tax Refunds. Now Trump Wants Him to Lead the I.R.S.
Since leaving Congress in 2023, Billy Long has peddled a pandemic-era tax credit that the I.R.S. has warned is a magnet for fraud.The New York Times - Dec. 6 -
How the CFPB Could Change Under a Republican Congress
Republicans are unlikely to abolish the Consumer Financial Protection Bureau, but they will drastically rework its rules and activities.The New York Times - Dec. 6 -
Trump's pick for IRS commissioner, former congressman Billy Long, receives mixed response from Washington, tax community
President-elect Donald Trump will nominate former Missouri congressman Billy Long for IRS commissioner, which has received a mixed response.CNBC - Dec. 6 -
Spotify Wrapped, TikTok—Maybe the Algorithms Are Losing Touch
Once an internet cause célèbre, this year lots of folks turned cold on Spotify Wrapped. TikTok’s year in review also felt unsurprising. Maybe our platforms know less about us than we think.Wired - Dec. 6 -
Could Trump Make the Ultimate Deal With Iran?
Over the next four years, the toxic and seemingly unending psychodrama between the United States and Iran may very well see its final act.The New York Times - Dec. 6 -
UniCredit's Orcel could still sweeten his bid and take on a double M&A offensive
Divided between two takeover courtships, UniCredit's Andrea Orcel may need to decide between going big abroad or staying home.CNBC - Dec. 6 -
How the chip war could turn under Trump
From tariffs to AI demand, US companies are pondering what comes nextFinancial Times - Dec. 6 -
How the slim House GOP majority could impact Trump's agenda
Republicans have insisted that November's election gave President-elect Donald Trump a mandate, but could their small House majority hamper that agenda? Andrew Desiderio, senior congressional ...CBS News - Dec. 5 -
Ending Trump’s 2017 Tax Cuts Won’t Effect GDP, Budget Office Finds
Key provisions of the returning president’s 2017 Tax Cuts and Jobs Act will expire next year if Republicans don’t renew them.Inc. - Dec. 5 -
Trump’s Threats About the Dollar Could Push Other Countries to Find Alternatives
President-elect Donald J. Trump threatened to impose tariffs on countries that seek to replace the dollar in trade or undermine its global reserve currency status.The New York Times - Dec. 5 -
EV tax credit is 'catastrophically stupid,' says incoming Ohio Senator and 'car czar' Bernie Moreno
Ohio Senator-elect Bernie Moreno said the $7,500 EV tax credit should be eliminated and instead let the automakers and consumers decide what cars to buy.CNBC - Dec. 5 -
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 -
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Trump’s tariff threats could open the door to China
The elephant in the room is China, the other nation Trump has vowed to hit with tariffs.The Hill - 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 -
International students confused, anxious about their futures under second Trump term
International students are holding their breath as President-elect Trump gears up to return to the White House. Multiple schools have put out guidance on when foreign-born students should and ...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 -
Australia is banning social media for people under 16. Could this work elsewhere — or even there?
It is an ambitious social experiment of our moment in historyABC 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 -
You could score a tax break by gifting crypto to charity — but there may be some pitfalls
There's been a surge of crypto donations to charity. Here's what to know before transferring digital currency.CNBC - Dec. 4 -
Student loan borrowers may find bankruptcy harder under Trump
The Biden administration's more lenient policy toward student loan borrowers filing for bankruptcy may come to an end with the election of Donald Trump.CNBC - Dec. 4 -
Trump's defence nominee hits out after reports he could be dropped
US media suggest the president-elect could replace Pete Hegseth, whose selection is under intense scrutiny.BBC News - Dec. 4 -
What Trump’s plan to end IRS ‘overstepping’ could mean for audits of rich people — and call hold times for everyone else
The incoming Trump team wants to change the IRS mentality from “we’re the tax police,” one expert said.MarketWatch - 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 -
Germany’s car sector layoffs could fill skill shortages in mid-cap firms, Deutsche Bank CEO says
Deutsche Bank CEO Christian Sewing said layoffs in car manufacturers including Volkswagen could help fill labor shortages in medium sized firmsMarketWatch - Dec. 4 -
Western businesses in China hold on to hopes for Trump 2.0
Some believe the incoming US president is in a strong position to negotiate a trade deal with BeijingFinancial Times - Dec. 4 -
How Private Funds Could Hurt Americans Under Trump
The fund managers who backed Donald Trump’s candidacy have welcomed his victory with calls for new directions in policy.The New York Times - Dec. 3 -
4 value propositions for climate action under Trump
It is imperative that work continues towards climate adaptation where there is an opening for consensus.The Hill - Dec. 3 -
Audit firms sharpen knives for oversight panel under Trump
Threat to accounting board is greatest since it was created in the wake of the Enron audit scandal, accounting veterans sayFinancial Times - Dec. 3 -
How Trump's proposed tariffs could impact your wallet
Proposed tariffs on imported goods could raise prices on items like clothing, toys and household appliances. CBS News MoneyWatch correspondent Kelly O'Grady explains the potential impact on ...CBS News - Dec. 3 -
Congress faces shutdown dilemma that could mess with Trump's first 100 days
Congress faces a Dec. 20 deadline to avert a government shutdown and is expected to kick the funding fight til early 2025 when President-elect Donald Trump will be in office.NBC News - 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 -
Incoming House majority squeezed by Trump's planned appointments
President-elect Donald Trump's selection of a number of House Republicans to fill top posts in his administration is pulling from an already shallow bench.CBS News - Dec. 2