Latest in Trump outlined a suite of economic proposals, including formally introducing a government efficiency commission to be headed by Elon Musk, cutting the corporate tax rate to 15% for companies that make products in the U.S., and creating a sovereign wealth fund.
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Trump Effectively Pulls U.S. Out of Global Corporate Tax Accord
Congress never approved a world agreement setting a 15 percent minimum corporate tax, and the new president’s memo on it said it would have no bearing on American companies.Inc. - 22h -
Why Trump should forget about corporate tax cuts in his first 100 days
Corporate tax cuts are inflationary and could spell trouble for Republicans in the 2026 election.MarketWatch - 5h -
The quest to create European corporate champions
Worries about the EU’s waning competitiveness have prompted a rethink of merger rules that prioritised consumersFinancial Times - 12h -
Trump threatens to double tax rates for foreign nationals and companies
President orders officials to draw up retaliatory measures against ‘extraterritorial’ taxesFinancial Times - 23h -
Trump may use Medicaid cuts to fund tax reform. These states would be hit hardest.
President Donald Trump has long proposed cutting Medicaid, which covers healthcare for lower-income Americans.MarketWatch - 1d -
Here are the products and companies most at risk from Trump's tariff plans
President-elect Donald Trump's proposed tariffs on China, Mexico and Canada threaten to raise prices for toys, cars, shoes, french fries, furniture and beer.CNBC - 1d -
World's biggest sovereign wealth fund warns markets at risk from tariff-fueled inflation
"If you look at the risk to financial markets, I think inflation is for sure one, all driven by tariffs."CNBC - 1d -
Why Vivek Ramaswamy is ditching Trump’s ‘DOGE’ commission led by Elon Musk
Hours after President Donald Trump was sworn in for his second term, Vivek Ramaswamy officially stepped down from the “Department of Government Efficiency”MarketWatch - 1d -
Elon Musk's gesture at Trump rally draws scrutiny
He made the gesture while thanking supporters for contributing to Trump's victory.BBC News - 1d -
Lawsuits target new Department of Government Efficiency as Trump is sworn in
Following President Trump's swearing-in, a handful of ethics watchdogs and public interest groups filed lawsuits targeting his new Department of Government Efficiency.ABC News - 1d -
Elon Musk appears to make back-to-back fascist salutes at inauguration rally
Tech billionaire wades into controversy after shooting right arm on upwards diagonal during Trump celebrations. Donald Trump returns to office – live updates Elon Musk waded into controversy ...The Guardian - 1d -
How could Elon Musk influence Donald Trump?
Several tech CEOs were present at President Trump's inauguration, including X's Elon Musk. Walter Isaacson, who has spent significant time with Musk and wrote his biography, joins CBS News with his ...CBS News - 1d -
Trump and Elon Musk’s ‘Doge’ violates federal transparency rules, suit claims
Lawsuit filed moments after Trump’s swearing-in challenges legality of ‘department of government efficiency’. US politics live – latest updates Elon Musk’s “department of government ...The Guardian - 1d -
Majority favors Trump proposal to end taxes on tips: Survey
A majority of Americans favor President-elect Trump’s proposal to end taxes on tips, according to a new survey. In the poll from The Associated Press-NORC Center for Public Affairs Research, 54 ...The Hill - 2d -
Trump is back to make government chaotic again
Donald Trump is set to be sworn in for a second term as President of the United States today, with a base built on his time as a reality television star and master of gossip and outrage, and a ...The Hill - 2d -
Wealth of US ‘oil-garchs’ went up 15% in nine months as industry figures plan Trump inauguration party
Oil and gas firms have given more than $75m to Trump’s campaign and stand to benefit from his ‘drill, baby drill’ plan. As Joe Biden warns in his farewell address as president that “an oligarchy is ...The Guardian - 4d -
What Did Trump’s Tax Cuts Do?
Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.The New York Times - 5d -
Senate GOP rejects House conservative pitch on corporate tax rates
House conservative proposals to raise corporate taxes to offset the cost of President-elect Trump’s tax package are going over like lead balloons in the Senate, where Republicans are warning their ...The Hill - 5d -
Elon Musk to speak at Trump's inauguration weekend rally
Elon Musk is among the speakers who will precede President-elect Donald Trump at his pre-inaugural rally in Washington, D.C., on Sunday, according to a source familiar with the planning.NBC News - 5d -
Trump’s Treasury pick warns unwinding tax cuts would spark ‘economic calamity’
Scott Bessent also tells US senators in heated confirmation hearing that he backs tougher sanctions on Russian oilFinancial Times - 5d -
Hochul Proposes Cutting Income Taxes for Middle-Class New Yorkers
Gov. Kathy Hochul used her State of the State speech to focus on affordability and crime, vowing to place a police officer on every overnight subway train.The New York Times - Jan. 14 -
Inside Elon Musk’s Plan for DOGE to Slash Government Costs
Mr. Musk has turned to Silicon Valley to help recruit executives who will take up unofficial positions across the federal government.The New York Times - Jan. 13 -
OpenAI outlines proposals to bolster national security, drive economic growth
OpenAI laid out a series of new artificial intelligence (AI) policy proposals Monday, encouraging U.S. development of the emerging technology to stay ahead of China while minimizing its risks. "As ...The Hill - Jan. 13 -
Trump Discusses Tax Cuts for New Yorkers With G.O.P. Lawmakers
The president-elect told Republicans from New York, New Jersey and California to come up with a plan for increasing the state and local tax deduction — a move that would benefit their constituents.The New York Times - Jan. 12 -
Mark Cuban Just Proposed a 20-Minute Daily Habit to ‘Destabilize’ Elon Musk, Mark Zuckerberg, and President Trump
Is there any downside?Inc. - Jan. 11 -
U.S. Companies Cut Diversity Efforts as Challenges Mount
At least six major U.S. companies modified their DEI policies last year.Inc. - Jan. 10 -
Trump's tax-cut obstacle course
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP worries Trump’s tax agenda at risk Senate Republicans fear ...The Hill - Jan. 10 -
Musk and Ramaswamy sending agents across US government to seek cuts
So-called department of government efficiency charged by Trump to help effect radical government shake-up. Elon Musk and Vivek Ramaswamy have already dispatched emissaries across the US ...The Guardian - Jan. 10 -
Trump Chose 8 Economic Experts Who Will Defend Tariffs and Lower Taxes
President-elect Donald J. Trump has moved beyond the team-of-rivals approach from his first term and chosen economic aides who will defend tariffs and tax cuts.The New York Times - Jan. 10 -
Demystifying the Department of Government Efficiency
This week we break down the new government committee being led by Elon Musk and Vivek Ramaswamy.Wired - Jan. 9 -
Tax Cuts or the Border? Republicans Wrestle Over Trump’s Priorities.
President-elect Donald J. Trump has waffled on his preferences for how his party tackles his agenda, adding to the uncertainty for Republicans.The New York Times - Jan. 9 -
Fed’s Waller backs more rate cuts, says he doesn’t think proposed Trump tariffs will spark inflation
Federal Reserve Governor Christopher Waller said Wednesday that he doesn’t think that proposed import tariffs from the incoming Trump administration will lead to upward pressure on inflation.MarketWatch - Jan. 8 -
EU Commission urged to act over Elon Musk’s ‘interference’ in elections
MEPs say enforcement of Digital Services Acts has been ‘too slow’, as Musk plans livestream with German far-right politician. The EU executive has been too slow in enforcing a major law intended to ...The Guardian - Jan. 8 -
3 reasons Trump keeps floating U.S. control of Greenland — including one tied to tax cuts
Here’s why President-elect Donald Trump keeps talking about one idea from his first term in office — getting control of Greenland, the giant territory controlled by Denmark.MarketWatch - Jan. 8 -
Johnson says no cuts to Social Security and Medicare to fund Trump's agenda
House Speaker Mike Johnson said cuts to Social Security and Medicare won't be part of the legislative plan being worked out to fund President-elect Donald Trump's agenda.ABC News - Jan. 7 -
From Trump tariffs to AI: the big economic questions facing governments in 2025
The main issues confronting policymakers around the world seem particularly portentous this new year. January is always a time for new beginnings and fresh thinking. But with Donald Trump heading ...The Guardian - Jan. 5 -
ATF head warns that the Trump administration's funding cut plans could risk lives
Steve Dettelbach, the director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, warned that President-elect Donald Trump's plans to reduce funding for the agency could risk lives. Scott ...CBS News - Jan. 4 -
Don’t bet against the Department of Government Efficiency on deregulation
DOGE, the new Department of Government Efficiency, is being criticized by insiders for its lack of regulatory expertise, but supporters argue that it can succeed by empowering agency insiders to ...The Hill - Jan. 3