The Congressional Budget Office, known in your hood as the CBO, estimated that the GOP's tax bill will increase the deficit by $2.4% trillion over the next 10 years. University of Pennsylvania's Wharton budget model estimates that estimates that it could increase by as much as $4.3% trillion with the Senate and House hoping to have a finished version of the tax bill ready by July 4th. This could be the next big piece of economic data.I want to bring in Brett Ryan, Deutschbank's senior US economist. And stil ...

Fiscal Policy & Deficit Concerns - The industry emphasizes the importance of avoiding tax increases for Americans [3] - The industry expresses concern that the Senate bill could add up to $1 trillion of additional deficits [5] - The industry believes deficits should go down to combat inflation and lower interest rates [8] - The industry highlights the need for more cost savings to combat inflation and lower interest rates [12] - The industry notes that the House bill assumed 26% economic growth and aimed to be roughly break-even, with a potential $72 billion increase in deficits over a decade [4] Welfare & Work Requirements - The industry advocates for work requirements for those receiving benefits like Medicaid and food stamps [15] - The industry aims to return to the common sense welfare reform of the 1990s [16] - The industry points out that Medicaid benefits are projected to increase by 30% over the next 10 years under the proposed bill [19] - The industry wants to ensure that food stamp dollars are redirected to those who most need them with appropriate eligibility checks [20] Energy Policy - The industry opposes subsidizing inefficient energy that enriches the Chinese [6] - The industry wants to terminate the Green New Deal subsidies [5][8] State and Local Tax Caps - The industry opposes rewarding blue state high tax jurisdictions with a big pop to the state and local tax caps, which could cost another $350 billion [17]

All right. So, just to for just for fairness, you didn't take the the survey. You're not one of these survey respondents.So, we're kind of getting a live read from you. Um, I want to go to tariffs. So, we again 41% said tariffs will directly impact their cost.For when it comes to your company, again, pet and animal medicine. Um, how are tariffs impacting your business. Look, as a global company, tariffs remain dynamic and we continue to watch it.But we have a global base. uh while about 50% of our business ...

US Fiscal Policy & Tax Cuts - GOP infighting centers on extending Trump tax cuts and specific taxes to cut, including those funding Medicare, impacting rural hospitals [1][2] - A populist wing of the Republican party, less concerned with debt, prioritizes constituents on Medicaid, diverging from traditional GOP entitlement reform views [3] - Senate uses SALT deduction proposal as a negotiating tactic, particularly regarding clean energy subsidies from the Inflation Reduction Act [7][8] - Republicans are divided on phasing out clean energy credits, with some supporting clean energy investment or having related activities in their states [8] - Action is expected on raising the $10,000 SALT deduction and extending various tax credits, which the House bill strictly limits [9] International Relations & US Role - President Trump left the G7 summit early, dismissing peace talks, contrasting with expectations of brokering a ceasefire [10] - Trump prefers deal-making over military action, potentially involving Israel, Iran, and Saudi Arabia [11] - Uncertainty remains regarding trade and the US role in Iran-Israel relations [12]

Well, the um architects of that bill and President Trump want to see the uh 2017 uh TCJA tax cuts continue. And while they've um penciled in some tax cuts on tips and overtime um essentially the the um great bulk of the benefits go to the highest income people and then the cuts that they've specified to Medicaid, those affecting the Affordable Care Act coverage, uh the earned income tax credit, credit snap. Uh they all hurt the most vulnerable lowincome households highest.And then when you come back to the ...

Tax & Healthcare Policy Revisions - Senate Republicans are expected to propose revisions to key tax and healthcare policies, aiming for completion by July 4th [1] - Revisions may include adjustments to Medicaid savings (slowing growth, not cuts), discussions on SALT (State and Local Tax) deductions, and the Inflation Reduction Act [4] Economic Growth & Tax Rates - Locking in lower tax rates permanently, including low corporate tax, is crucial for job creation and innovation [7] - Fully restoring key business provisions (expensing, R&D, interest deductibility) and making the small business Main Street tax deduction of 20% permanent are seen as pro-growth measures [7] Deficit & Revenue - Estimates suggest the bill could add $2.5 trillion (Congressional Budget Office estimate) to the US deficit over a decade [8][9] - Growth can significantly impact revenue, as seen in 2017 when lowering the corporate tax rate from 35% to 21% resulted in higher revenue collection than projected [10] Tariff Policy & Trade - The speaker is generally not in favor of tariffs, except as a remedy for unfair trade practices, as they can drive up costs, slow the economy, and invite retaliation [14] - Anchoring crucial security-critical supply lines in the US and running them through reliable trading partners is important [15] - Canada and Mexico buy five times more "Made in America" products than China, highlighting the importance of positive trade relationships with these countries [17] Foreign Investment - Republicans generally believe in the growth and importance of foreign direct investment, which constitutes a sixth of the US economy [19] - A provision was added to deter OECD countries from implementing global minimum tax pillar 2, which could weaken US growth incentives and sovereignty over tax law [21]

“THE ONE, BIG, BEAUTIFUL BILL” has PASSED the House of Representatives! This is arguably the most significant piece of Legislation that will ever be signed in the History of our Country! The Bill includes MASSIVE Tax CUTS, No Tax on Tips, No Tax on Overtime, Tax Deductions when you purchase an American Made Vehicle, along with strong Border Security measures, Pay Raises for our ICE and Border Patrol Agents, Funding for the Golden Dome, “TRUMP Savings Accounts” for newborn babies, and much more! Great job by ...

The CEO of the world's largest asset manager was asked if he thinks a recession is coming. Larry Fink's response: We're in it. Most CEOs Fink has been talking to "would say we are probably in a recession right now," he said in an interview at the Economic Club of New York on Monday."One CEO specifically said the airline industry is a "proverbial bird in a coal mine — canary in the coal mine — and I was told that the canary is sick already," he said, adding that travel demand has declined. Last week, Presi ...