Trump, tax and budget bill
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Trump, Republicans and tax cut
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Trump's legislation narrowly cleared Congress. Now the administration is facing the challenge of selling it to the public.
The move reveals both the power of philanthropic groups to sway legislators and a split in the administration’s coalition.
Key provisions in the president’s signature legislation will take effect at different times over several years.
48mon MSN
It’s difficult to overstate how unpopular President Donald Trump’s agenda is right now. On most key items and issues, it’s even more unpopular than the already unpopular president.
Trump's signature tax law allows a long-standing business deduction for the cost of food provided to employees to expire, imperiling a workplace perk popularized during Silicon Valley’s dot-com boom that is now an emblem of modern office culture.
Ross Gerber told BI that "there's nothing good for Tesla" in Trump's budget bill, and the stock should be trading more in line with mega-cap peers.
The big tax and spending bill President Trump signed into law earlier this month included $75 billion for Immigration and Customs Enforcement, and the Supreme Court recently told the administration it could deport people to countries with which they have no ties.
President Donald Trump’s sweeping $3.4 trillion fiscal package is already creating opportunities for segments of the energy and climate industries that had fallen out of favor, struggled to grow or haven’t managed to break through.
Under the final iteration, the so-called Trump accounts are custodial individual retirement accounts for kids, with special rules until the year the child turns 18. For the next few years, they come with $1,000 of seed money from the Treasury Department for newborns. That money would grow tax-deferred, with income taxes due upon withdrawal.