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 ...

Here’s What The Senate Budget And Tax Bill Means For Colleges https://t.co/zWX7DsuB39 https://t.co/zWX7DsuB39 ...

Tax Policy Change - Senate's version of Trump's tax bill includes a revision to the tax code impacting gamblers [1] - The revision could cost gamblers even if they lose money [1]

Here’s What The Senate Budget And Tax Bill Means For Colleges https://t.co/QDuSWDoLVo https://t.co/eeazQB62Pz ...

From @WSJopinion: The tax bill had to pass to avoid a $4.5 trillion tax hike next year when the 2017 reforms expire, but as a reform of the post-Covid welfare state it is a disappointment https://t.co/QUd0CXrAH6 ...

Legislation Overview - The legislation empowers families by allowing them to keep more of their money, providing school choice, securing the border, and requiring able-bodied individuals in the welfare system to work [2] - The speaker believes that if each item in the bill were voted on separately, it would pass [8][9] - The speaker emphasizes the importance of passing the bill to maintain momentum, citing successes in border security, operations in Iran, and increased NATO defense spending [5] Political Strategy & Challenges - The speaker acknowledges Democratic opposition and concerns from some Republicans regarding the bill's impact on Medicaid [3] - The speaker suggests focusing on the positive aspects of the bill and what it delivers to constituents [7][8] - The speaker highlights the narrow majority in both the House and Senate, making it crucial to pass the legislation now [6] - The speaker points out that the bill aligns with what the voters were promised [11]