"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Commerce Secretary Howard Lutnick, (D) New Hampshire, Senate Foreign Relations Committee Ranking Member Sen. Jeanne Shaheen, United Nations Central Command Former Commander, MEI Distinguished Military Fellow Gen. Joseph Votel (Ret.), Former Special Assistant to President Biden Meghan Hays, Seven Letter Partner Annalyse Keller Chapters: 00:02:22 - Trump Pressures Senate's Tax Bill Holdouts 00:10:15 ...

Well, one of the more controversial piece p pieces for businesses in Trump's tax bill is now on the verge of potentially being removed after Treasury Secretary Scott Besson tweeted that he had asked the House and Senate to remove the provision. This, of course, is known as the retaliatory tax. Some people call it the revenge tax 8.99%.Basically, it would say that if other countries put what the US sees as an unfair tax on US companies that the Treasury Department could then put a tax on companies and invest ...

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]

The president posting on Truth Social earlier, "Now that we have made peace abroad, we must finish the job here at home by passing the great big beautiful bill and getting the bill to my desk ASAP." But my next guest warns the conflict in the Middle East could throw a wrench into those plans, especially if some members push for defense spending. Joining me now is Dan Clifton, head of Washington policy research at Strategus. Dan, it's great to see you.I hadn't really thought about, you know, it seems obvious ...

After President Trump’s tax bill pushed mortgage rates higher in late May, momentum has reversed—with monthly payments now notably more affordable. https://t.co/JMSd8s4NON ...

Well, let's just put it this way that we spent last week speaking with members of the Senate, members of the House. I'm doing a dinner uh talk tonight and I think that we're highly confident that we have the votes to get it through the Senate through the House and get it signed by the 4th of July. And highly confident is really based on persontoperson conversations.I know that there's some people that are still holding out for this or for that, but I think the president is highly confident that we're going ...

Senate Republicans has set up a potential fight uh with the uh House following massive changes uh to the president's tax bill. A sticking point in the House raising the state and local tax deduction to $40,000. The Senate uh would like it to remain where it is at $10,000.Joining us now, Republican uh Congressman Nick Loa. Congressman, thanks for uh for joining us this morning. Can you you can make the case for for 40,000. Can you make the case for taking Can you make the case for taking it off completely.Ye ...

Catalyst anchor Brad Smith breaks down the day's market movers for June 17, 2025. Investors eye trade, geopolitics, and the Fed. Brad speaks with several experts about what these issues mean for markets and investors. Senate Republicans have unveiled big changes to President Trump's tax bill with key issues being the SALT tax and medicare. Yahoo Finance's Ben Werschkul breaks down the details. For more Catalysts videos, please visit: About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to- ...

After President Trump’s tax bill pushed mortgage rates higher in late May, the momentum has reversed—with monthly payments now notably more affordable. https://t.co/64mPv4PLMt ...

Tax Bill Overview - The Senate's multi-trillion tax bill faces challenges from both House and Senate Republicans [2] - Concerns arise regarding Medicaid cuts, particularly limiting the provider tax states can charge to healthcare providers [2] - Overall cost is a concern, with calls for more spending cuts due to the national debt of $37 trillion [3] Key Provisions and Changes - The Senate bill makes key tax breaks for businesses permanent, including research and experimenting, faster depreciation, and deducting interest [4] - The Senate bill slows down the phase out of clean energy tax credits compared to the House bill [4] - The Senate bill would blunt the impact of the revenge tax on foreign countries and investors, allowing more time for negotiation with the US [5] State and Local Deduction Cap - The Senate's state and local deduction cap will be lower than the House's proposed $40,000 [5] - Republican House members from high tax states threaten to sink the Senate bill if the cap goes a dollar under $40,000 [5] Timeline - Congress aims to finalize the bill by July 4th [6]