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Investopedia· 2025-07-04 23:00
In an event held on the White House lawn on the Independence Day holiday, President Donald Trump signed a bill that would provide tax breaks and cut Medicaid and SNAP programs. https://t.co/q3hg6ICr9n ...
'The pain that is about to come': The reality of Trump's megabill takes hold
MSNBC· 2025-07-04 04:35
It is 165 days. Yes, it's day 165 of the second Trump administration. And President Donald Trump has gotten his wish. After plenty of infighting, Republicans in Congress passed his gargantuan budget bill full of tax breaks, spending that will supercharge the debt, and cuts that will kick millions of Americans off of their health insurance. My colleague Ryan Nobles gets us started tonight. Tonight, a major victory for the Donald Trump agenda. The motion is adopted. The House passing his multi-trillion dollar ...
Tax breaks for the wealthy are most important: Claire McCaskill reacts to spending bill
MSNBC· 2025-07-03 11:56
got to this point when after an allnight session, the chamber voted 219 to 213 to adopt a rule governing debate on the legislation, opening up discussion and teeing up this final vote on the package. A group of hardline conservatives and moderate Republicans had combined forces earlier in the evening to stall the bill. Speaker Johnson held the vote open for 5 hours as he worked to garner support from those members.Around 1:00 in the morning, President Trump picked up the phone and called those holdouts and ...
‘Shut the hell up!’: Michael slams Republicans pretending to oppose their own bill
MSNBC· 2025-07-03 01:45
Joining us now is Congresswoman Katherryn Clark of Massachusetts. You just heard from her. She is the number two Democrat in the House serving as the Democratic whip.Welcome, Congresswoman. It's great to have you back at the table. So, I want to have a little fun with you uh at the beginning.U so so this great headline on NBC News um uh this morning talking about House Democratic leaders vowed to do everything they can can do to stop the GOP bill from passing. And the first thought I had was what. You mean ...
The debt trap: How the GOP bill would make a big problem for Americans even worse
MSNBC· 2025-07-02 04:30
It is time now for money power politics and this evening we are talking about our financial responsibility as a country. I want to level set here. This has been a problem for the United States for many years.Our debt has exploded over the last two decades under the leadership of both parties. But that makes it even more important to take a hard look at what this Republican bill would do to make an already bad situation even worse. As the New York Times puts it, this is one of the most expensive pieces of le ...
Republican Congressman: Needs to be 'long-term assessments' on Iran strike impacts
NBC News· 2025-06-30 21:30
And joining me now is Republican Congressman from Ohio, Mike Turner. Thank you so much, Congressman, for being here. I want to get to you on Iran and the latest assessment of the US strikes there.But first, I want to go to you, of course, on the news that's playing out on Capitol Hill. The Senate is voting on amendments to their version of the one big beautiful bill. Where do you stand on that bill.And do you feel comfortable supporting the Senate version of this bill. Well, Misha, I appreciate that. Thank ...
In race to attract data centers, states forfeit millions in tax revenue to tech companies
CNBC Television· 2025-06-20 14:28
The mad rush to build data centers has sparked this massive boom in tax breaks. With legislators across the country doing out billions in sales tax exemptions to attract big tech. While there's no question the tax incentives are luring business, there's a debate over whether it's a fair trade.And for that, we're going to turn to Pippa Stevens at HQ with more. Morning, Pippa. Good morning, Carl.In just the past 5 years, 16 states have handed over almost $6 billion in data center tax breaks, arguing the incen ...
Data center tax breaks: Should Big Tech get multi-million dollar tax exemptions?
CNBC Television· 2025-06-20 12:09
The mad rush to build data centers is sparking a massive boom in tax breaks. And this is because legislators across the country doing out billions in sales tax exemptions to try to attract some very big tech companies. While there's no question the tax incentives are luring those businesses, there's a big debate over whether it's a fair trade.Pipa Stevens is here with more. Is it a fair trade. Who's winning. Who's losing.Well, Andrew, so we found that in just the past five years, 16 states have handed over ...
Amazon suspends Minnesota data center as lawmakers plan to reduce Big Tech tax breaks
TechXplore· 2025-05-23 14:01
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Unsplash/CC0 Public Domain Amazon says it has suspended plans for a massive data center in Becker, Minnesota, an announcement that comes after state lawmakers and Minnesota Gov. Tim Walz said they will reduce tax breaks for these projects. The Seattle-based tech giant said in a statement that it moved ahead with the pr ...