Taxes
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CPB says it is shutting down after being defunded by Congress, targeted by Trump
“The demise of the corporation, known as CPB, is a direct result of President Donald Trump’s targeting of public media, which he has repeatedly said is spreading political and cultural views antithetical to those the United States should be espousing. The closure is expected to have a profound impact on the journalistic and cultural landscape — in particular, public radio and TV stations in small communities across the United States. CPB helps fund both PBS and NPR.”
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Who would win and who would lose in Republicans’ ‘big, beautiful bill’
“The tax cuts would add around $3 trillion over the next decade to the national debt, according to an analysis by the Congressional Budget Office. That means the U.S. would have to borrow more money to cover its expenses, requiring it to pay an estimated $600 billion to $700 billion in additional interest payments, according to an analysis by the Center for a Responsible Federal Budget.”
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Most Americans don’t earn enough to afford basic costs of living, analysis finds
“Traditional headline economic indicators like GDP and unemployment tell us the economy is thriving, but they don’t reflect the lived reality of most Americans,” Ludwig said in a statement. “Americans are working harder than ever, fueling our economic growth, but the benefits of that hard work are not being distributed in a way that supports upward mobility for too many middle- and low-income Americans.”
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How the proposed 3.5% US remittance tax could shrink savings for NRIs, visa holders – CNBC TV18
“Sending money home from the United States could get costlier for immigrants if a proposed 3.5% excise tax on remittances becomes law. The US House of Representatives has passed the “One Big Beautiful Bill,” which includes this tax aimed at non-US citizens. The measure is now awaiting Senate approval and could take effect from January 1, 2026. The tax, if enacted, will apply to every international money transfer made by non-citizens, including H-1B visa holders, green card holders, and students on F-1 visas.”
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Poorest Region of America – What It Really Looks Like