Tax Policy Changes - Extension of 2017 tax cuts, initially set to expire at the end of 2025 [1][2] - Child tax credit increased to $2,200 and indexed to inflation [2] - Estate tax exemption increased to $15 million per person [2] - Elimination of tax credits for electric vehicles and clean energy purchases after September 30th [3] - State and local tax deduction capped at $10,000, with a temporary increase to $40,000 for certain income levels [3][4] - Potential $25,000 deduction for tipped workers, but payroll taxes still apply [4] - Deduction for seniors of $6,000 per person for those ages 65 and up [6] Government Spending and Budget Impact - Increased funding for agencies like ICE, Customs and Border Protection, Homeland Security, the Defense Department, and Missile Defense [7] - Medicaid work requirements implemented, projected to save $326 billion through 2034 [8][9] - Changes to premium tax credits under the Affordable Care Act, potentially leading to 11 million fewer people with health insurance by 2034 [10] - Creation of a $50 billion rural healthcare fund to address changes in healthcare access [11] - Projected increase in the deficit by $3.4 trillion over the next 10 years (through 2034) [13] Economic Impact and Political Considerations - Republicans argue that economic growth from tax cuts and deregulation will offset the deficit increase [15] - Economists express concerns about the drag of budget deficits on the economy, potentially leading to higher interest rates and increased debt [15] - Potential for Democrats to delay or change tax cuts if they win the House majority [12]

Industry Overview - Chinese shipyards have rapidly grown to become major players in global shipbuilding, leading to a significant portion of America's cargo being carried by Chinese ships [1] - The US aims to counter China's dominance in shipbuilding due to concerns about naval warfare logistics, particularly in potential conflicts like one over Taiwan [2][3] US Response - The US government is considering imposing fees on Chinese ships docking in the US to incentivize cargo ship companies to diversify their suppliers [3] - Congress is contemplating a bill to subsidize American shipyards to revitalize the domestic shipbuilding industry [4] Challenges and Implications - Rebuilding the American commercial shipbuilding industry will be a lengthy process, potentially taking years [4] - American taxpayers would bear the financial burden of subsidizing the shipbuilding initiative [4]

[Music] This is something that can't be achieved with fireworks alone. It's made using pyro drones. Hundreds of tiny explosiveladen quadcopters piloted to an exact formation in space, firing pyro technics in perfect choreography.But while these shows may look simple, getting to this point has taken extensive engineering, complex flight plans, and a fair amount of trial and error. Anytime you attach any sort of explosive device to anything, it creates an additional level of risk. What are the things that are ...

Recently there was a big move in in in um the shares of solar companies because it seems like you know things are still in flux but it looks like the direction of things Mike tell me if this is where you think they're headed is towards taking out a lot of the tax credits that have gone to you know solar and wind and other kind of renewable energies. So there is I think a big interest in the impact on and part of the breakup of of well I I don't know what their relationship status now is it's complicated of ...

How concerned are clients about these deficits and the big beautiful bill. Like what's the vibe out there in terms of what you're hearing. I think investors are a bit confused um because I think they went into the start of this year with the new administration and whether it was all the conversations around Doge and cutting government spending, the secretary's comments around uh moving to, you know, 3% deficit to GDP ratio, and then they look at the reconciliation bill, and there's a bit of um h how does th ...

- I'm gonna see the GPU guys. This is it. Welcome to an AI data center where you can hear.This is extremely loud right now. And feel. This can blow dry my hair.The power. The AI's in there. By 2028, data centers like this across the country could use 12% of all US electricity, enough to power more than 55 million homes for a year.And yes, you are increasing that energy. Every time you hit enter on an AI prompt, it's routed through places like this. - You know, we need to do the AI.And we need more than doub ...

Walking around this 1,670 acre headquarters in Wisconsin, I found myself asking the same question. Why are there air tags on fake sheep? Why are you here? Why is there a giant chest set? Why? Why is there a slide in the middle of the hallway? Why? Why? Why? Really, the question is why not? This is the headquarters of Epic with five different campuses, some that take cues from stories like Harry Potter and the Wizard of Oz. Close to 13,000 employees come five days a week where they can browse this three-stor ...

[Applause] This is what a successful side launch of a ship looks like. And this is Kim Jong-un's brand new 5,000 ton destroyer. It capsized after North Korea tried the same launch method.But what seems like a major setback for North Korea's efforts to modernize its Soviet era Navy offers a rare glimpse into the shadowy relationships between Pyongyang and Moscow. The botch launch at Chong Jin was very embarrassing, but these ships reveal deep technological ties between Russia and North Korea. Here's how Mosc ...

As the U.S. deployed decoy B-2 bombers west over the Pacific, military officials quietly sent a “strike package” east over the Atlantic to hit three nuclear facilities in Iran: Fordow, Natanz and Isfahan. In one night, the U.S. used three-quarters of its stockpile of GBU-57 “bunker buster” bombs in what President Trump called a “spectacular military success.” WSJ’s Shelby Holliday breaks down the Pentagon’s misdirection, equipment and weapons used in Operation Midnight Hammer. Chapters: 0:00 U.S. strikes on ...

[Music] Everyone seems to agree that there was a direct strike that reached underground somewhere, but we do not know whether all of the equipment in Fordo was damaged or destroyed. And we do not know if the site was put out of action. [Music] If Iran decides we're going to try and build a bomb, they need file material that they can then fairly quickly and easily uh turn into weapons grade material.But without that stockpile of material, it's very very difficult for Iran to divert enriched uranium in order ...