Buffet's recent statements underscore his long-standing advocacy for tax, emphasizing that billionaires and large corporations should pay more to support the federal budget. https://t.co/cfoirr0eHM ...

Government & Taxation - Gavin Newsom is allegedly taxing paying Californians daily [1] - The report suggests there is no need to launch a meme coin due to the alleged daily taxation [1]

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Andrew Elise here. Donald Trump won at the end of the day because voters were dissatisfied with Biden's economy and the Biden administration had been a little tonedeaf pushing Biden when so much of the country was hurting. Do you think that now Donald Trump is falling into the same trap of trying to message that everything is okay while ignoring the real discontent among American voters.I think that he's exacerbating the problem because he promised people that inflation would end. It's a direct quote from h ...

Government Policy - China plans to tax interest income on bonds issued by the government and financial institutions [1] Market Impact - The move has prompted investors to reevaluate their debt market positions [1]

Government Policy & Legislation - Passage of Trump's tax, health and spending bill was a significant achievement for Republicans [1] - Selling the bill to the American people may be challenging [1]

Trade & Tariffs - The Trump administration is considering imposing a 35% tariff on goods from Canada [1] - The administration has published 23 letters and announced zero new trade deals [2] - Trump plans to impose blanket tariffs of 15% or 20% on all remaining countries [2] - A 10% unilateral tariff on all imported goods would be four times the average tariff today [3] - The tariffs are a tax, and American importers, businesses, and consumers pay almost all of that [3] - A 20% tariff rate on goods coming over the border will be higher than the inflation rate at its worst [12] - Republicans are standing by Trump's method to bring countries to the negotiating table [15] Russia & Ukraine - The US is resuming deliveries of some weapons to Ukraine [5] - Secretary of State Marco Rubio met with Russia's foreign minister and exchanged new ideas about how to end the war [5][6] - Russia launched a massive attack on Kyiv, with over 400 drones and missiles [6] - House Speaker Mike Johnson and Senate Majority Leader John Thun are prepared to move forward with new sanctions on Russia [7] - Trump will have a major statement on Russia come Monday [7] - Legislation from Senator Graham and Blumenthal has 80 senators already signed on to it [31] Birthright Citizenship - A judge blocked Trump's birthright citizenship order restricting it once again [33] - The ACLU created a class action lawsuit, and the judge certified this class [34] - The judge agreed that birthright citizenship is part of the constitution and is applying it across the country using this class action [35]

⚡️ INSIGHT: Not all crypto is taxed the same. From staking to spending, the US, UK, and Germany each play by different rules. https://t.co/HkjKTS4ql9 ...

Tariff Impact on American Toy Company - US and China agreed to maintain tariffs effectively at 55%, including 30% extra on top of the initial 25% [1] - The American toy company estimates tariffs could cost them 20 million to 30 million USD, before income taxes [2] - The company views tariffs as a tax on American businesses and consumers, contradicting the President's claim [3] - The company CEO states they borrow money to pay the tariffs to the US government, hoping to recoup the cost through sales [3] - The CEO emphasizes that the Chinese government is not paying the tariffs; the company is directly responsible for the payment [4] Company Strategy and Perspective - The company is facing a 600 billion USD collective tax bill across numerous businesses, impacting profitability [4] - To remain financially viable, the company may need to pass some of the tariff costs onto consumers [4] - The company CEO asserts they do not conduct business with the Chinese government [4] - The company is engaging in difficult conversations with Chinese suppliers and considering legal action against tariffs [5]

Tax Policy - A proposed 2% tax on income exceeding $1 million [1] - For an income of $1.1 million, the additional tax would be $2,000 [1] Political Commentary - The plan has triggered strong reactions from working-class conservatives and politicians [1]