As Senate Republicans put the finishing touches on President Donald Trump’s ambitious spending bill, the focus is drawn to key provisions, particularly the child tax credit. Emphasizing fiscal responsibility and the well-being of families, the discourse swiftly morphs into a tug-of-war between party interests and economic realities. The proposed legislation, hailing from the 2017 Tax
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The recently proposed child savings account, commonly referred to as “Trump accounts,” introduces a $1,000 one-time deposit by the federal government for every U.S. citizen child under eight. The underlying philosophy is to cultivate a culture of savings and investment among young Americans. But while the initiative sounds promising, its structure raises several questions about
The debate surrounding the State and Local Tax (SALT) deduction has created profound divisions in American politics, particularly among legislators in high-tax states. Originally part of the Tax Cuts and Jobs Act (TCJA) enacted in 2017, the SALT deduction allows taxpayers to deduct state and local taxes from their federal taxable income. However, a cap
In today’s consumer-driven economy, credit cards serve as both a practical tool and a potential trap. One often-overlooked practice is credit cycling, where users exhaust their credit limits, only to pay them down quickly, allowing for a seemingly endless loop of spending. Although this tactic might appear harmless, it carries with it a stack of
Summer Fridays, once a hallmark of corporate generosity, are experiencing a rapid decline as businesses increasingly pivot towards flexible working models. As the world emerges from the pandemic, employers appear more inclined to discard this traditional benefit, which allowed employees to enjoy shortened workdays during the summer months. The shift towards hybrid work environments has
The recent Senate confirmation of Billy Long as the next IRS Commissioner marks a pivotal moment in the U.S. fiscal landscape. Nominated by former President Donald Trump, Long’s trajectory through the Senate came intertwined with political bias and skepticism from the Democratic party. Despite receiving mixed responses, his confirmation through a party-line vote is especially
The annual cost-of-living adjustment (COLA) has traditionally been a lifeline for millions of Social Security beneficiaries, particularly seniors relying on a fixed income. With a reported increase of 2.5% in 2025, there’s a sense of reassurance that their benefits can at least partially keep up with rising living costs. However, as we approach 2026, the
In the ever-turbulent landscape of financial markets, a remarkable truth emerges: despite the headlines of economic upheaval or political drama, the stock market often exhibits an uncanny ability to maintain a level of resilience. Recent analyses show that the portfolio balances of many investors remain strikingly similar to when Donald Trump took office. Throughout his
In an era characterized by increasing global interconnectedness, the significance of international students to the U.S. economy cannot be overstated. According to recent analyses, international students contributed an impressive $43.8 billion to the American economy in the 2023-24 academic year. This figure reflects not only the tuition fees paid by these students but also the
As the landscape of American fiscal policy shifts under a multi-trillion-dollar spending bill proposed by President Donald Trump, a controversial aspect—Section 899—raises eyebrows not just for its intent, but for its broader ramifications. Touted as a “revenge tax,” this provision hints at a confrontational stance on foreign investments, targeting multinational corporations that have established roots