Treasury Secretary Scott Bessent joins the “American News Room” to discuss a 50 % possible tariff on the European Union, a 25 % tariff on Apple, and possible changes in the Senate to the “Great and Beautiful Bill” of Trump and pay to update the Tax Authority.
president Donald Trump A large and beautiful bill cleansed the house and made its way through the Senate.
However, critics note that the bill, which exceeds 1000 pages, will add trillion to what is already Government debt hovering at $ 36 trillion is hovering And deficit. However, US Treasury Secretary Scott Payet believes that this can be managed.
“We believe that we can develop the economy and control debt. What is important, Bell, is that we grow the economy faster than debt. What I would like to tell you that your viewers are focused, what I focus on, what the minister focused on what is the total debt of the verb news.”
National debt follow: American tax defenders (you) are now on a hook for 36,214,475,432.210 dollars
However, the draft law contains many rulings that will benefit American workers and daily families. Fox Business explains how your money can be affected.
No tax on advice
The diligent Americans will not have to pay taxes on the advice they make. While this is useful for service employees, it may mean the government’s missing revenues …Continue reading here
A jar advice on the table in the cafe. (Istock / Istock)
401 (K) for children and tax credits for children
401 (k) usually begins when starting work, and getting identical contributions from the employer. The draft law may expand similar investment vehicles to newborns and other tax credits for children …Continue reading here.
A little girl sleeps (Istock / Istock)
salt
It is possible that the high -tax blue states, such as New York, will get a victory with a great stumbling block and a deduction of government and local taxes, which have already reached $ 10,000 …Continue reading here
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The horizon of the center of Manhattan in New York City, April 8, 2024. (Charly Triballeau / AFP via Getty Images / Getty Images)
Auto loans are free benefit
If you own or buy a car made in the United States using a car loan, then the interest on the right track is eligible to get a discount …Continue reading here.
Vehicles for sale in Autonation Honda Dealership in Fremont, Calif. , June 24, 2024. (David Paul Morris / Bloomberg via Getti Imachurs / Getty Pictures)
A safe master?
Trump explained the medicaid program, which mainly provides free health insurance for Americans who meet income requirements, will not be charged. Not everyone is convinced …Continue reading here
Food stamps
Changes in food stamps and nutritional assistance, previously known as SNAP, or additional nutritional assistance program, are part of the tax bill. This may change …Continue reading here
The sudden mark is displayed on a screen inside a family dollar store in Chicago on March 3, 2020. (Daniel Aker / Bloomberg via Getti Imagors / Tire)
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