President Donald Trump is facing mounting resistance from Republican senators, financial markets, economists, and even Elon Musk, over his multitrillion-dollar tax cut plan, which critics say could explode the national debt and rattle an already wary economy.The House recently passed Trump’s proposed tax and spending cuts, but analysts say they would add over $5 trillion […]
The Republican senate of the US has unanimously passed the “no tax on tips” bill on Tuesday. Surprisingly, the “no tax on tips” provision has received unanimous bipartisan acceptance. The proposed bill rule aims to remove federal income taxes on tips. ‘No tax on tip’, what is it? It was initially introduced by Republican senator […]
In its first major policy decision, the newly elected Mark Carney government has announced a reduction in federal income tax rates—offering relief to over 22 million Canadians.This includes a significant number of Indian immigrants living and working in Canada, many of whom fall within the income brackets that will see direct benefits from the change.What […]
Kevin O’Leary slams Donald Trump’s tax bill as ‘war on small business’ (Picture credit: AP, ANI) Investor and entrepreneur Kevin O’Leary has come out swinging against US President Donald Trump’s proposed tax plan, labelling a key portion of it as “anti-American” and a direct attack on small businesses.Speaking on Fox Business’s Varney & Co. Tuesday, […]
Mark Carney government reduced income tax in its first decision after coming to power. The first cabinet meeting of the Mark Carney government decided to reduce the income tax for 22 million Canadians starting from July 1. This will help some families to save up to $840 a year, according to a calculation given by […]
House Republicans on Monday proposed a series of sharp restrictions on the federal anti-hunger program known as food stamps, seeking to limit its funding and benefits as part of a sprawling package to advance President Trump’s tax cuts. The proposal, included in a draft measure to be considered by the House Agriculture Committee this week, […]
A loophole that has allowed American shoppers to buy lots of cheap goods from mainland China and Hong Kong without paying tariffs and filling customs forms is closing on Friday. Meaghan Tobin, a correspondent for The New York Times covering business in Asia, explains. Source link
Donald Trump said many Americans will have zero tax, thanks to his tariffs. Millionaire tax is something that President Donald Trump said he’s open to, but is getting a lot of pushback from his party. In his recent interview with TIME, he said he would love to tax those who earn more than 1 million […]
President Trump suggested Sunday his sweeping tariffs would help him reduce income taxes for people making less than $200,000 a year, as public anxiety rises over his economic agenda. Trump has previously argued tariff revenue could replace income taxes, though economists have questioned those claims. “When tariffs cut in, many people’s income taxes will be […]
