Money, Wealth & Power—A Daily Look at the Financial World
President Donald Trump has already tested the outer limits of presidential power on trade, and a looming Supreme Court defeat on his current tariff strategy would not necessarily end that experiment. Even if one legal pathway is shut down, the structure of U.S. trade law still gives the White House several other levers to raise…
President Donald Trump is openly entertaining the idea that Americans could one day face a federal income tax bill of zero, framing it as the logical next step after a series of cuts that have already reshaped the tax code. The White House is now signaling that staff are actively studying alternatives, turning what once…
Parents are being promised a $1,000 boost for each eligible child through new “Trump accounts,” but the offer comes wrapped in complex tax rules and long-term strings. The accounts are designed to give kids a head start in adulthood, yet the fine print on eligibility, withdrawals, and future tax bills will determine whether that early…
The Trump administration is turning the nation’s largest anti-hunger program into a high-stakes leverage point, warning that key funding will be cut unless states hand over detailed data on the people who receive food aid. At the center of the fight is whether states must share immigration and other personal information with federal officials in…
Federal income tax on Social Security benefits is one of those rules that quietly reshapes retirement budgets, yet many people only discover how it works when a surprise bill lands in April. The core rule is simple but unforgiving: depending on your total income, up to a large share of your monthly checks can be…
Florida’s push to eliminate property taxes is being sold as a simple way to make housing more affordable, but the math points to a far messier outcome. If the plan moves ahead, home prices are likely to jump, financing could get trickier, and the very tax shift meant to help residents might leave the market…
President Donald Trump has turned a technocratic topic, tariff policy, into a kitchen-table promise of a “tariff dividend” worth $2,000 per person. The pitch is simple and politically powerful, but the mechanics of who would actually see that money are anything but straightforward. Once you dig into the revenue math, the eligibility ideas floating around…
Florida’s push to wipe out property taxes on primary homes is being sold as a break for stretched homeowners, but the same policy could quickly inflate the very prices buyers are already struggling to afford. If the plan moves forward, the state’s housing market would not just get cheaper to own each year, it could…
A $775 million Powerball jackpot sounds like a ticket out of real life and into a private-jet fantasy, but the tax code has a way of shrinking even the biggest dreams. Once the IRS and state revenue departments take their cut, the winner’s haul looks far more like a very large business sale than a…
San Francisco put a seven‑figure carrot on the table for companies willing to move offices downtown, and not a single firm took the deal. The unused incentive exposes a deeper problem: the city is trying to fix a structural office crisis with a tool that many businesses either do not trust, do not understand, or…