Proposal boosts standard deduction, increases maximum child tax credit By Richard Rubin Republicans have released the first public draft of their new tax bill, aiming to extend and expand parts of Trump’s 2017 tax cuts starting in 2025. Key provisions include: These changes are expected to reduce federal revenue by $4.9 trillion over 10 years. Though […]
By Nick Timiraos The Federal Reserve kept interest rates steady this week, citing uncertainty around the economic impact of recently announced tariff hikes. Fed Chair Jerome Powell warned that sustained tariffs could lead to higher inflation, slower growth, and increased unemployment — a tough mix for policymakers. The Fed is choosing a cautious “wait and see” […]
Dunkin’ Donuts CEO Nigel Travis reportedly told the Financial Times that he is requesting a change in how ObamaCare regulations identify full time employees. Due to regulations set forth by ObamaCare, Dunkin’ Donuts is required to provide health care coverage to all its full time employees. The law stipulates that any company with over 50 […]
