Government taxation and revenue
If tariffs encourage companies to return to the U.S., these companies will benefit
Stocks have fallen sharply in the aftermath of President Donald Trump ‘s tariffs, but there are some names that may ultimately benefit as companies return operations to the United States, according to two financial firms. Trump vowed to bring factories and jobs back to the country when he signed a sweeping tariff policy on Wednesday. […]
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U.S. Senate Republicans pass measure to move forward on Trump’s tax cuts
The U.S. Capitol building viewed through the bars of standard barricades in Washington, U.S., April 4, 2025. Leah Millis | Reuters The U.S. Senate approved a Republican budget blueprint early on Saturday that aims to extend trillions of dollars worth of President Donald Trump’s 2017 tax cuts and sharply reduce government spending. The vote, following […]
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The U.S.-Canada trade war could signal a shift in economic ties, experts say
President Donald Trump signed several executive orders at the start of his second term that lay out a blanket 25% tariff on Canadian goods imported into the United States, with some exceptions such as energy. Canadian energy will carry a lower tariff of 10%. The bulk of these tariffs went into effect at midnight on […]
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Canada, Mexico tariffs create ‘ripple effects’ on consumer prices, economist says
Key Points President Donald Trump imposed a 25% tariff on imports from Canada and Mexico on Tuesday. He put a lower 10% tariff on Canadian energy, and another 10% levy on China. Canada and Mexico are the largest trading partners of the United States. Businesses are expected to raise prices for consumer goods as a […]
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UConn star Paige Bueckers touts financial literacy as NIL boosts women’s sports
Paige Bueckers, #5 of the UConn Huskies, shoots the ball in the second half during the NCAA Women’s Basketball Tournament Final Four semifinal game against the Iowa Hawkeyes at Rocket Mortgage FieldHouse in Cleveland, Ohio, on April 5, 2024. Steph Chambers | Getty Images University of Connecticut star Paige Bueckers, on the cusp of becoming […]
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Trump’s tariffs showcase his extraordinary presidential power — and its limitations
U.S. President Donald Trump reacts as he speaks with members of the media on the South Lawn before boarding Marine One at the White House, in Washington, D.C., U.S., Feb. 28, 2025. Nathan Howard | Reuters U.S. importers and their customers are about to experience the full force of President Donald Trump’s unprecedented use of […]
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‘Reverse Robin Hood scam’ or windfall for middle class? Lawmakers debate Trump tax plan extensions
Key Points Republicans and Democrats are making competing claims about the impact of extending provisions in the Tax Cuts and Jobs Act. The GOP sees it as a windfall for low- and middle-income households. Democrats view it as a handout for the wealthiest Americans. Both sides can be correct depending on the frame of reference, […]
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With $1 billion in salary IOUs, the Dodgers spark new questions about MLB’s fairness
Members of the Los Angeles Dodgers celebrate on the field after winning Game 5 to win the 2024 World Series presented by Capital One between the Los Angeles Dodgers and the New York Yankees at Yankee Stadium on Oct. 30, 2024. Mike Lawrence | Major League Baseball | Getty Images As Major League Baseball’s spring […]
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Trump says Mexico, Canada tariffs will start March 4, plus additional 10% on China
U.S. President Donald Trump hosts his first cabinet meeting with Elon Musk in attendance, Washington, D.C., U.S., February 26, 2025. Brian Snyder | Reuters President Donald Trump on Thursday said that his proposed tariffs on Mexico and Canada will go into effect on March 4, and that China will be charged an additional 10% tariff […]
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Trump’s proposed ‘gold card’ visa comes with a hidden tax benefit
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. President Donald Trump’s proposed $5 million “gold card” for U.S. residency would be one the most expensive in the world, according […]
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