Trump’s pick for Treasury secretary, Scott Bessent, says letting the 2017 tax expire would unleash a $4 trillion tax hike that could crush the U.S. economy.
More than $5 trillion in federal spending cuts – including cuts to Medicaid, Medicare and the Affordable Care Act – are part of a “menu” that House Republicans are circulating to fund President-elect Donald Trump’s top priorities this year, including tax cuts.
Private equity is putting profits over patients, a Senate Budget Committee report said as the panel looked into two private equity firms’ efforts to squeeze more money out of hospitals in underserved areas.
Raising the retirement age is just another way of saying, “Cut Social Security,” said the executive director of a Social Security advocacy organization in the wake of a congressman’s recent suggestion that full retirement age should be pushed back.
Analysts say the Trump administration will be mostly good news for financial services.
Despite nominating a moderate to head the Department of Labor, President-elect Donald Trump isn’t likely to be passionate about keeping the latest fiduciary rule around, analysts say.
Most of the 2017 Tax Cuts and Jobs Act is set to expire at the end of 2025. In particular, the estate tax exemption will return to pre-2017 levels. Will Congress act first?
The Nov. 5 election is now history, and the nation and the financial services industry is looking ahead to see what a new administration and a new Congress will do after taking office in January.
The financial sector under the incoming Trump administration is taking shape.
An advisor is forming a coalition of professionals to support underserved groups and said he was inspired to do so by the Nov. 5 election results and concerns from clients about what policy changes a new administration and a new Congress could mean for them.
Social Security will not likely be on the new president's agenda, analysts agreed.