Social Security tax rules will change in 2026.Getty Images; Tyler Le/BI Social Security tax rules will change in 2026 at the state and federal level. West Virginia will stop taxing Social Security benefits, leaving seven states that tax benefits. Older Americans will also see expanded federal tax breaks through 2028. Americans on Social Security could see new federal tax breaks in 2026 — and some states will stop taxing benefit income. The largest social safety net in the US provides monthly paym ...

Analysts are now focused on the when the change will actually happen, as the cannabis industry waits for tax relief and expanded research opportunities. ...

Trump just made the biggest federal cannabis move in over 50 years, and Wall Street is already reacting. I'm Bernie Gomez at CNBC headquarters, and President Trump has officially signed an executive order reclassifying cannabis, moving it out of schedule one, the same category as heroin, and into schedule 3. That change eases restrictions on research, banking, and taxes, and could reshape the entire cannabis industry.Now, Trump says the move is about patients, including veterans, seniors, and people with ch ...

So when you look at the financial impacts of potentially losing these enhanced subsidies at the center of the government shutdown, uh could you detail for us, you know, what that would mean for households. >> In the most practical sense, what it means is that the generosity of the tax relief that they've been getting to afford their health insurance is is is going to go down. So the the subsidies are going to revert on January 1st to the subsidies that existed precoid and those helped many millions of peopl ...

Core Viewpoint - President Trump is reportedly considering an order to reschedule marijuana from a Schedule I to a Schedule III drug, which could significantly impact the cannabis industry by allowing companies to access banking services and reducing tax burdens [1][2][3] Industry Impact - Rescheduling marijuana would not legalize it but would allow cannabis companies to operate more freely, potentially leading to a different tax status, reducing tax rates from approximately 40% to around 10-15% [3][9] - The cannabis market is currently experiencing volatility, with some stocks, like MISO, seeing increases of up to 38% due to speculation around this potential order [5][13] Regulatory Process - The Department of Justice (DOJ) and the Drug Enforcement Administration (DEA) are expected to restart the rulemaking process for rescheduling, which is about 70% complete and could be finalized by the first half of next year if expedited [6][17] - There is uncertainty regarding the specifics of the order, as it may face legal challenges if it does not provide clear directives for rescheduling [7][9] Market Sentiment - Retail sentiment is currently high in the cannabis market, with Canadian pot equities also seeing increases of around 30%, although this does not directly apply to U.S. companies [13][14] - The potential for consolidation in the cannabis industry is anticipated as regulatory frameworks improve, with larger companies likely to acquire smaller ones [16][18]

Economic Overview - The U.S. economic landscape is marked by slowing job growth, recessionary pressures, and a dominant technology sector, with legislative and geopolitical uncertainties adding complexity [2] Labor Market Analysis - In September 2025, employers planned to add only 117,313 new jobs, the weakest hiring outlook in over a decade, representing a 71% decline from the previous year [3] - There were 54,064 job cuts announced in September, contributing to a year-to-date total of 946,426 layoffs, the highest since 2020 [3][7] - ADP reported a loss of 32,000 private-sector jobs in September, with wage growth for job changers slowing to 6.6% from 7.1% in August [3] Recession Concerns - Economist Mark Zandi warned that states accounting for nearly one-third of U.S. GDP are either in recession or at high risk, citing tariffs, a weak housing market, and slowing job growth as contributing factors [4][7] Technology Sector Performance - The technology sector now accounts for a record 37% of the U.S. stock market, surpassing the peak during the 2000 dot-com bubble, driven by major companies like Nvidia, Meta, Alphabet, and Microsoft [5][7] - The Nasdaq 100 has gained 114.72% over the past five years, while the price-to-earnings ratio for tech stocks is currently 56% of what it was at the dot-com bubble's peak, indicating a different market dynamic [5] Generational Financial Strain - Generation X faces a retirement crisis, carrying the highest average student loan debt at $47,857 per borrower, along with significant non-mortgage debt of $26,207 and average credit card debt of $9,557 [6][7] Tax Legislation Impact - The "One Big Beautiful Bill Act" introduces significant tax changes for 2025, including no federal tax on tips, a $10,000 deduction for U.S.-assembled car loan interest, and a $12,500 deduction for qualified overtime pay, potentially allowing millions to pay zero federal income tax [8][7]

The word of the day is opportunity. Like the one in front of Democrats this afternoon or the one Republicans might have just squandered. Because today, after weeks of hemming, hawing, flipping, flopping, deals, threats, changes, carveouts, concessions, bargains, an all night debate, and a lastminute, hourslong filibuster.Donald Trump's signature tax and spending legislation. It is on his way to his desk to be signed into law tomorrow. its path here.It was not pretty. Deep-seated concerns about what the bill ...