Trump’s tax bill landed on a $40,000 SALT deduction cap. Here’s what to know. https://t.co/NrN4iheVUs ...

How Trump's Bill Makes It Easier For Rich To Buy A Personal Jet https://t.co/XTUBOFuU3S https://t.co/XTUBOFuU3S ...

Labor Market Overview - The labor market shows strength with state and local governments leading job growth [1][2] - Private sector job growth is expected to increase [2] - Uncertainty around tariffs and immigration policies may be holding back stronger job growth [3] - The administration is focused on workforce development through initiatives like apprenticeships, with one million active apprentices [4] Employer Sentiment - Employers express excitement about the current economic environment, particularly regarding workforce development [5][6] - Businesses are seeking investment and innovation in workforce development, including skills training and upskilling [6][7] Tax Bill Impact - Passing the tax bill is seen as crucial for alleviating uncertainty and encouraging business investment [8][13] - The tax bill aims to eliminate taxes on overtime, tips, and social security, allowing workers to keep more of their earnings [9][10] - Failure to pass the tax bill could result in a tax hike for American workers [11] - The tax bill could lead to increased investment in workforce training and upskilling through block grants to states [13][14] Immigration and Labor Supply - The administration emphasizes securing the border and employing American-born workers [17] - The Department of Labor is creating an Office of Immigration Policy to streamline the process for employers to hire temporary migrant workers, particularly in agriculture (H2A and H2B visas) [18][19] - The goal is to modernize and improve the efficiency and affordability of existing legal immigration programs to meet workforce needs [19][20]

On today’s Market Catalysts, host Julie Hyman covers key trending stories on Thursday, July 3. Yahoo Finance Washington Correspondent Ben Werschkul joins the show to discuss the latest on President Trump's tax bill, which is awaiting its final vote in the House as House Minority Leader Hakeem Jeffries delays the vote with his speech. Former Congressman Kevin Brady, architect of the 2017 Tax Cuts and Jobs Act, shares his insights on the bill's impact on Medicaid and US economic growth. Wells Fargo Investment ...

What we've seen so far is that tariffs tariffs haven't hurt. The dog that didn't bark was the tariffs going to hurt the economy. We're going to hurt the markets.Market had the fastest recovery ever ever the from the low in April uh from a 15% decline and you know we're we're at new highs in the market. That was Treasury Secretary Scott Bessent last hour talking the market recovery. this as the S&P 500 and NASDAQ again head for closing highs today.Here to share her playbook with stocks at records, Morgan Sta ...

Here’s What The Senate Budget And Tax Bill Means For Colleges https://t.co/SeFYOL60cd https://t.co/FxX1tktLCh ...

Tax Bill Impact - Approximately 80% of the tax bill's benefits accrue to the top 10% of earners [2] - The bottom 20% could see a decrease in after-tax income of $560 per year, a 2.3% decrease [3] - The middle 20% would see a slight gain of $760 per year, or 1.5% [3] - The top quintile receives a $6,000 cut, about 2.3% [4] - The top 1%, those making $650,000 or more, get a tax cut of about $32,000 a year, 2.1% [4] Tax Policy Details - Extending the standard deduction costs $1.4 trillion [4] - Child tax credit costs $800 billion [4] - Eliminating tax on tips and overtime costs over $120 billion [5] - Bonus depreciation allows businesses to deduct 100% of capital investments immediately, retroactive to January 2025 [8] Regional and Temporal Considerations - The extension of the salt deduction is a positive change for those in high tax blue states, up to $500,000 in income, phasing out in 5 years [6] - Many provisions of the tax bill are set to expire in approximately 5 years due to budgetary reasons [7]

The June Jobs Report and President's Tax Bill - Bloomberg Surveillance https://t.co/qTIdpdBPXF ...

Live from Washington, D. C. This is balance of power with Jo Matthew and Kaylee Lyons.Republicans still do not have the votes to pass the president's big, beautiful bill once and for all. Welcome to the Wednesday edition. As the House grinds through a series of procedural votes that should set up a final decision at some point, we just don't know when I'm show matthew alongside Kailey Leinz in washington.We thank you for joining us here. A number of issues, kelly, could potentially slow this process, not th ...

We do have some headlines crossing the Bloomberg terminal at the moment. The Trump tax bill crossing a procedural vote. Now, we had started this program about 90 minutes ago with five naysayers, five people who said that we are not going to move forward with this procedural vote at all.It looks like now that we have gotten there, we are actually seeing potential a green light for the one big beautiful bill to actually cross. And I think this is very significant because the concerns here was that it actually ...