Forbes Daily: Consumer Sentiment And Spending Defied Expectations In June https://t.co/IE1zVSWOLv ...

Forbes Daily: Consumer Sentiment And Spending Defied Expectations In Junehttps://t.co/hVDFbXfBaS https://t.co/TKO3DZ4chl ...

Donald Trump has sent Congress a “rescission” package, requesting that it claw back $9.4bn of spending that it had previously approved. If Congress does not pass it by Friday, the government will be obliged to spend the money https://t.co/ONDVnOZUG8 ...

Fiscal Policy & Debt - The new bill is projected to add approximately $500 billion to the debt in the first five years, with $270 billion added in the next year [6] - The bill includes a $5 trillion increase in the debt ceiling, the largest in history, potentially diminishing the urgency to address the debt [7] - A proposed alternative was a three-month debt ceiling extension of about $500 billion, requiring more frequent votes on the matter [8] Tax Cuts & Economic Impact - The bill includes 100% depreciation, considered a pro-growth aspect that allows businesses to quickly expense capital expenditures like bulldozers and dump trucks [3][4] - The 100% depreciation was supported in 2017 and its continuation is viewed positively for the economy [4] Special Interests & Reform - The bill contains special tax expensing for Alaskan whale captains [8][11] - A reform on food stamps was included, but Alaska was exempted from rules to reform the system despite a 60% fraud rate [11]

The just-passed tax-and-spending package provides certainty for filers for the first time in years. Here's what you need to know. https://t.co/braA2eePS2 ...

Here are five ways the tax-and-spending package focuses on immigrants for savings https://t.co/dEXGNfkU72 ...

Trump to sign sweeping tax and spending bill into law https://t.co/fwMJ80Ybbm ...

House Republicans overcame a critical procedural hurdle to advance Donald Trump’s massive tax and spending package https://t.co/bY20OvIQpz ...

Deficit and Spending - The analysis indicates authorization of $3.8 trillion in deficit increases without offsetting measures, potentially signaling an end to constraints on congressional spending [1] - Repeal of IRA tax cuts significantly impacts energy stocks [2] Consumer Impact - Tariffs are viewed as a tax on US consumers, generating approximately $400 billion for the US Treasury [3] - New stimulus to the US consumer amounts to $166 billion, resulting in a net loss for the consumer when compared to tariff revenue [3][4] Healthcare Sector - Medicaid cuts are expected to have a substantial impact on hospitals [2]

After more than 24 hours of negotiations, the Senate has passed the bill. The overhaul of taxation and spending could spell trouble for America https://t.co/b7MWVWi2Ps ...