Bring in show music, please. Hi, I'm CNBC producer Katie Kramer. Today on Squawk Pod, him to lower interest rates. Other than that, what can I tell you? The presidential field trip that pitted the White House's numbers against the Fed chair's facts. It was like almost like a sitcom, that little moment. This was a little crazy watching it yesterday. Where does Chairman Jay Powell go from here? a White House adviser who was at this extraordinary meeting at the central bank, OM Director Russell Vote joins us. ...

A bipartisan bill is being floated on Capitol Hill that would incentivize companies to distribute at least 5% of their stock to the lowest paid 80% of their employees. Joining us right now is New York Democratic Congressman Ton Swisi. He is one of the co-authors of the Share Plan Act. Good morning to you. Good morning. Ex. It's an interesting concept. It's a provocative idea. Explain how it would work in practice. It's a big idea. And the idea is that if companies with more than 500 employees share 5% of th ...

German Finance Minister Lars Klingbeil says the government in Berlin stands by its commitment to a global minimum corporate tax https://t.co/OjnhyTP850 ...

US Treasury Balance - US government had a $27 billion surplus for the month on an unadjusted basis, compared to an expected $205 billion deficit [2] - US ran a $70 billion deficit in June on an adjusted basis [3] - US is running a $13 trillion deficit fiscal year to date, matching last year's pace [3] Tariff Revenue - US took in $27 billion in customs duties in June [3] - Treasury has taken in $87 billion in customs duties so far this calendar year [4] - Tariff revenue is about $20 billion extra compared to baseline [7] Corporate Taxes - Corporate taxes were down 17% for the month of June [5] - Corporate taxes were about $14 billion less compared to baseline [7] Market Watcher Concerns - Market watchers are worried about what the decrease in corporate taxes could signal for earnings season [6]

5 Key Ways Trump’s Big Beautiful Bill Transforms Corporate Taxation https://t.co/TcGYuIzBiZ https://t.co/TcGYuIzBiZ ...

5 Key Ways Trump’s Big Beautiful Bill Transforms Corporate Taxation https://t.co/H16KAnMp5x https://t.co/H16KAnMp5x ...

5 Key Ways Trump’s Big Beautiful Bill Transforms Corporate Taxation https://t.co/Wu6jiTwVAV https://t.co/Wu6jiTwVAV ...

Over the past three decades. US corporations set up shop in Ireland. In 1996, about 3% of US businesses with global operations had Irish affiliates.By 2022, 25% of them opened Irish businesses. You really cannot talk about US multinationals in the last few decades without talking about Ireland. Big US corporations, that's technology companies like Apple, Microsoft or big pharmaceutical companies like Pfizer.Their tax strategies for, for many decades at least, were built around the role of Ireland. Something ...

Core Insights - There are 973 U.S. firms operating in Ireland, with significant implications for corporate tax strategies [1] - The Trump administration has indicated a desire for some of these operations to return to the U.S., citing concerns over intellectual property [1] - Major companies like Apple, Microsoft, and Pfizer have utilized Ireland's favorable tax environment to lower their effective corporate income tax rates [1][2] Group 1: Tax Strategies and Corporate Behavior - Companies such as Apple and Pfizer have reportedly taken steps to minimize their taxable income through strategic placement of intellectual property in Ireland [2] - The "double Irish" tax strategy has been employed by many multinationals, allowing them to transfer intellectual property between subsidiaries in low-tax jurisdictions [4] - This strategy has been described as an "escape valve" from high-tax countries, leading to a significant outflow of corporate headquarters and investments from the U.S. [4] Group 2: Economic Context of Ireland - The Irish government opened its doors to multinational corporations in response to an economic crisis in the 1980s, which included high unemployment and migration [3] - The tax strategy adopted in the 1990s was influenced by Ireland's membership in the EU, making it more attractive for foreign investment [3] - As a result of these strategies, Ireland experienced GDP per capita growth that outpaced other developed nations [4]

Tax & Healthcare Policy Revisions - Senate Republicans are expected to propose revisions to key tax and healthcare policies, aiming for completion by July 4th [1] - Revisions may include adjustments to Medicaid savings (slowing growth, not cuts), discussions on SALT (State and Local Tax) deductions, and the Inflation Reduction Act [4] Economic Growth & Tax Rates - Locking in lower tax rates permanently, including low corporate tax, is crucial for job creation and innovation [7] - Fully restoring key business provisions (expensing, R&D, interest deductibility) and making the small business Main Street tax deduction of 20% permanent are seen as pro-growth measures [7] Deficit & Revenue - Estimates suggest the bill could add $2.5 trillion (Congressional Budget Office estimate) to the US deficit over a decade [8][9] - Growth can significantly impact revenue, as seen in 2017 when lowering the corporate tax rate from 35% to 21% resulted in higher revenue collection than projected [10] Tariff Policy & Trade - The speaker is generally not in favor of tariffs, except as a remedy for unfair trade practices, as they can drive up costs, slow the economy, and invite retaliation [14] - Anchoring crucial security-critical supply lines in the US and running them through reliable trading partners is important [15] - Canada and Mexico buy five times more "Made in America" products than China, highlighting the importance of positive trade relationships with these countries [17] Foreign Investment - Republicans generally believe in the growth and importance of foreign direct investment, which constitutes a sixth of the US economy [19] - A provision was added to deter OECD countries from implementing global minimum tax pillar 2, which could weaken US growth incentives and sovereignty over tax law [21]