Latest in SALT income tax deduction cap could double under Trump 2.0. But maybe not for the rich.
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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 -
Amazon sued over slower deliveries to low-income neighborhoods
Amazon allegedly stopped its fastest delivery service to almost 50,000 Prime subscribers in two District of Columbia ZIP codes.CBS News - 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 -
SNP government vows to scrap two-child benefit cap
Finance Secretary Shona Robison also announced plans to change the income tax system in her Budget speech.BBC News - Dec. 4 -
Scottish government vows to scrap two-child benefit cap
SNP administration sets out record healthcare spending as it seeks to double down on policy prioritiesFinancial Times - Dec. 4 -
Mexico says Canada wishes it had its ‘cultural riches’ amid tariffs feud
Leaders cast the other as ill-prepared after Trump threatens to apply 25% taxes on goods from both countries. Mexico’s president has said Canadians “could only wish they had the cultural riches” of ...The Guardian - Dec. 4 -
Amazon Sued Over Slow Deliveries to Low-Income Areas
The District of Columbia’s attorney general said the company deliberately outsourced Prime member deliveries in certain ZIP codes.The New York Times - Dec. 4 -
Stalker 2 Developer Explains Why A-Life 2.0 Was Pulled From The Game's Description
Stalker 2: Heart of Chornobyl has only been out for two weeks, but the game remains a work in progress. Developer GSC Game World released a day-one patch to address some of Stalker 2's lingering ...GameSpot - Dec. 4 -
Deutsche Bank chief calls for relief on regulation and ‘rethink’ on tax
Call comes amid discontent with Germany’s ruling coalition ahead of snap election in FebruaryFinancial Times - 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 -
Music sector workers to lose nearly a quarter of income to AI in next four years, global study finds
AI boom will enrich giant tech companies but creators’ rights and income will be drastically reduced unless policymakers intervene, report warns. Follow our Australia news live blog for latest ...The Guardian - Dec. 4 -
Artturi Lehkonen's late goal caps Avalanche's 5-goal rally in 5-4 win over the Sabres
Artturi Lehkonen scored with 4:22 left, and the Colorado Avalanche overcame a four-goal deficit in a 5-4 win over the Buffalo SabresABC News - Dec. 3 -
Judge in Hunter Biden's tax case accepts pardon despite calling it 'unconstitutional'
Two days after President Biden issued a blanket pardon to his son Hunter Biden, the younger Biden's federal gun case has been terminated by the judge overseeing the case.ABC News - Dec. 3 -
Canadian minister says Trump was joking when he said Canada could become the 51st state
A Canadian minister who attended a dinner between President-elect Donald Trump and Prime Minister Justin Trudeau says Trump was joking when he suggested Canada become the 51st U.S. stateABC News - Dec. 3 -
Judge in Hunter Biden tax case rebukes president’s claims of unfair treatment
The federal judge overseeing Hunter Biden’s tax case issued a sharp rebuke of President Biden’s claims his son was unfairly prosecuted in new court filings Tuesday night. U.S. District Judge Mark ...The Hill - Dec. 4 -
Campbell’s is getting a new CEO. Analysts say he could face these ‘uncertainties’ as Trump takes office.
Campbell’s Co. on Tuesday said its current chief executive would depart to take on a leadership role for the Washington Commanders NFL team, and the soup and snack maker reported mixed ...MarketWatch - Dec. 4 -
Search under way for woman believed trapped in sinkhole
Elizabeth Pollard was searching for her missing cat when it is thought she fell into the sink hole, police say.BBC News - 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 -
Global warming fills New England's rich waters with death traps for endangered sea turtles
As global warming fills the plankton-rich waters of New England with death traps for sea turtles, the number of stranded reptiles has multiplied over the last 20 yearsABC News - Dec. 3 -
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Thune lays out plan for separate border and tax reconciliation bills
Incoming Senate Majority Leader John Thune (R-S.D.) laid out an ambitious plan at the Senate Republican retreat Tuesday for Congress to move first next year on a budget reconciliation package that ...The Hill - Dec. 3 -
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 -
Hospital group launches ad campaign for disaster relief tax credits
A major hospital trade group launched a six-figure ad campaign this week calling on Congress to extend disaster relief tax credits that the group says will help facilities recover from hurricanes ...The Hill - Dec. 3 -
Mega Millions jackpot hits $541M: What's the tax bill?
Someone could become a millionaire Tuesday night.The Hill - Dec. 3 -
7 tips from a tax influencer as she approaches retirement at 70
Phyllis Jo Kubey is still on a continuing education journey as retirement loomsMarketWatch - Dec. 3 -
IOC official open to back-to-back World Cup in Saudi Arabia and Salt Lake Olympics in early 2034
A senior IOC official says scheduling the 2034 World Cup in Saudi Arabia back-to-back with the 2034 Salt Lake City Winter Games would pose “no risk” to the OlympicsABC News - 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 -
The £35m starter home: why the super-rich are queueing up for a phenomenally pricey pied-à-terre
At about 130 times the price of the average home in the UK, the smallest apartments at 1 Mayfair are eye-wateringly expensive. So why are they proving so popular?. Name: The £35m starter home.. ...The Guardian - 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 -
Sports Direct under fire for misspelt Cymru hat
Sports Direct have been caught selling a bobble hat branded with "Cyrmu" instead of Cymru.BBC 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 reportedly jokes Canada could be 51st U.S. state if tariffs wreck economy
Trump outlined his plans to place 25% tariffs on all Canadian goods imported into the U.S., in a meeting with Trudeau at Mar-a-LagoMarketWatch - 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 -
Special counsel objects to dismissing Hunter Biden tax case after pardon
Special counsel David Weiss rejected suggestions that he selectively prosecuted Hunter Biden in court filings where he also objected to dismissing charges following a sweeping pardon. President ...The Hill - Dec. 2
