Reform UK has a new idea. They want to let non-doms, people who live in the UK but have a home abroad for taxes, pay a big fee. This fee is £250, 000. In return, they won't pay some UK taxes. This includes taxes on money made abroad, capital gains, and inheritance tax. The money from these fees would go to the lowest-paid workers. Reform UK thinks this could bring i...
The idea of not taxing tips has been around for a while. It was a popular slogan in a recent presidential campaign. It was short and easy to remember. However, the reality of implementing such a policy is far more complicated. The Senate recently passed the No Tax on Tips Act. This act is part of a larger budget bill. It promises to give tipped workers a break ...
The recent rise in the yield of the 30-year Treasury bond has caught the attention of investors. It crossed the 5 percent mark. This spike came as a reaction to a Republican budget plan. The plan could lead to unprecedented levels of U. S. fiscal debt. The U. S. President did not address this concern recently. He was busy rallying support for the bill. The bill is c...
The highest court in the land is set to tackle a contentious issue: birthright citizenship. The Trump administration is pushing to change the rules, but it's facing stiff opposition. The 14th Amendment to the Constitution is clear: anyone born in the U. S. is a citizen. However, the current administration wants to change this for children of immigrants who are in the...
The wealthy elite are enjoying massive tax breaks, while ordinary families struggle to make ends meet. This isn't fair. It's time to question who benefits from these policies and who's left to foot the bill. Americans are fed up. They're tired of seeing essential programs like healthcare, education, and social security being threatened. They want leaders to focus on...
Elon Musk, a supporter of Donald Trump, has an interesting idea for who should lead the U. S. economy. He suggested Howard Lutnick, who runs the investment bank Cantor Fitzgerald, should be the next Treasury secretary. Musk thinks Lutnick will challenge the usual business approach on Wall Street, which Musk believes is driving America into debt. He advised his follow...
Vice President Kamala Harris’ proposed tax plan, which includes a $50,000 tax credit for new startups, isn’t impressing the 30 million small-business owners in the U.S. A recent poll conducted by the Job Creators Network reveals that these owners prefer former President Donald Trump over Vice President Harris by a significant 12-point margin. This disparity isn’t sur...
As former President Donald Trump continues to promote his business skills, Vice President Kamala Harris emerges as a better choice for small businesses. Her plans address the challenges entrepreneurs face today. One key proposal is to increase the tax deduction for new small businesses from $5,000 to $50,000. This would help fledgling businesses survive their first y...
In Arizona, the Senate debate between Republican Kari Lake and Democratic Rep. Ruben Gallego was anything but boring. The candidates traded jabs from the start, with Gallego questioning Lake's honesty and Lake accusing Gallego of failing his district. They clashed over border control, abortion, and tax policies, with each trying to sway old-line Republicans and indep...
Former President Donald Trump and Vice President Kamala Harris are gearing up for their first (and maybe only) debate on September 10th, with just 61 days until the election. The stakes are high as they address key issues like tax policy - Harris unveiled a plan to help small businesses while Trump will speak at the Economic Club of New York. But what does this mea...