Money, Wealth & Power—A Daily Look at the Financial World
President Trump used a rare prime-time address from the White House to unveil a new cash bonus for service members, casting the payout as both a patriotic gesture and proof that his economic strategy is working. The so-called “warrior dividend,” set at $1,776 per eligible recipient, instantly became the headline-grabbing centerpiece of a speech that…
The Powerball jackpot has surged to a headline-grabbing $1.25 billion, but the winner’s bank balance will look very different once the tax math kicks in. After choosing between a reduced lump sum and decades of annuity checks, then layering on federal and state taxes, the final haul shrinks to a fraction of that eye-popping figure….
President Trump is openly talking about ending the federal income tax, and a fast-moving series of plans and bills is giving that idea more structure than a campaign slogan. To understand what ending income tax could really mean for your paycheck, your grocery bill, and the federal budget, it is crucial to see how his…
President Donald Trump is signaling that he wants to unwind a looming change to how gambling winnings are taxed, setting up a clash between a fresh revenue-raising rule and a White House eager to court bettors, casinos, and swing-state tourism hubs. The fight centers on a 2026 shift that would sharply limit how much gambling…
Florida’s breakneck housing market has turned a long-running affordability squeeze into a full-blown political test, and state leaders are now flirting with one of the most radical ideas in American tax policy: scrapping local property taxes. The push is framed as relief for homeowners watching bills climb faster than paychecks, but it would also rip…
Working households are being told to brace for a windfall, with Treasury Secretary Scott Bessent signaling that many will see tax refunds climb as high as $2,000 next year. The promise centers on working Americans who kept their paychecks steady and did not adjust their withholding, a group Bessent says is now in line for…
Americans are being told to brace for a rare kind of tax season shock: a bigger check from the government instead of a nasty bill. The White House is signaling that typical filers could see roughly an extra $1,000 added to their refunds next year, a shift that could reshape how households think about their…
President Donald Trump has thrown his support behind the idea of fresh direct payments worth roughly $1,500 per person, reviving hopes among households still squeezed by inflation and higher borrowing costs. For now, though, the promise of new relief is colliding with a stubborn reality in Washington, where no law has been passed and the…
Working households are being told to brace for a rare kind of tax season surprise: bigger checks from the Internal Revenue Service instead of smaller ones. The Trump administration’s latest tax adjustments are expected to translate into refunds in the ballpark of $1,600 to $2,000 for a typical worker, a shift that could briefly ease…
President Donald Trump is throwing his weight behind a new health care proposal that would send direct payments of up to $1,500 to millions of Americans, reviving the politics of government checks in a very specific, targeted way. Instead of broad stimulus, the plan is designed to help people who are paying steep premiums and…