Money, Wealth & Power—A Daily Look at the Financial World
Swiss voters have decisively turned down a sweeping new inheritance levy on multimillionaires, choosing to protect the country’s role as a magnet for global wealth rather than test how many rich residents might walk away. The result leaves the existing patchwork of cantonal rules intact and signals that fears of a millionaire exodus carried more…
President Donald Trump’s promise of a $2,000 “tariff dividend” check has been pitched as a simple way to return money to American households, but the emerging contours of the plan look more like a targeted tax credit than a universal windfall. The White House is now signaling that any rebate would be capped by income,…
Donald Trump’s pledge to push for a $2,000 standard deduction for every taxpayer has quickly turned into a kitchen-table question: how much would that actually change what you owe in 2026. The answer depends on how Congress rewrites the tax code next year, how the expiring Trump-era cuts are handled, and where your income and…
President Donald Trump’s proposal to send households up to $2,000 a year from tariff revenue is being sold as a simple way to turn trade policy into cash in people’s pockets, but the money would not go to everyone. The plan hinges on an income cap that would exclude higher earners and on a complicated…
Donald Trump’s new tariffs on imported toys and games amount to a $1.1 billion tax increase that lands squarely on American families, retailers, and manufacturers. Instead of a niche trade skirmish, the policy turns the toy aisle into a frontline in a broader fight over inflation, consumer prices, and the future of global supply chains….
President Trump’s promise of “no tax on tips” and “no tax on overtime” is finally moving from campaign slogan to practical reality, as the Internal Revenue Service begins spelling out how workers and employers should handle the new deductions. The latest guidance clarifies who can claim the breaks, how much income can be shielded, and…
Nancy Pelosi’s increasingly tense exchanges with CNN over stock trading have crystallized a long‑simmering question in Washington: should members of Congress be allowed to buy and sell individual shares while they write the laws that move markets. The clash has unfolded against a backdrop of bipartisan bills, viral trading trackers, and seven‑figure bets that have…
Tariff revenue has surged under President Donald Trump, and the White House now says the windfall could be large enough to wipe out federal income taxes for many Americans. At the same time, a Supreme Court showdown over those same levies threatens to unravel as much as $3 trillion in duties, putting both the revenue…
Donald Trump has long blurred the line between political fundraising and personal business, turning campaign activity into a steady customer for his own properties. The question now is not whether money from his political committees reaches his companies, but how systematically that flow is structured and how transparent it really is to the donors footing…
Millions of Americans are poised to see bigger spring tax refunds, and the gains will not be limited to a narrow slice of filers. I will walk through six key groups highlighted in recent reporting, showing how each stands to benefit from richer credits, inflation adjustments, or shifting withholding patterns so you can see where…