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☆ Trump said he'd use the military for mass deportations. Here are the industries with the most immigrant workers.
▼ + stars: | 2024-11-20 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

The full scope of the planned mass deportations remains unclear. Present-elect Donald Trump's plans for mass deportations could significantly impact construction, agriculture, and hospitality. The data breaks down 13 major sectors by the number of native-born citizens, naturalized citizens, and non-US citizens working in each. AdvertisementThe agriculture industry could also be heavily impacted by mass deportations. To be sure, deportation plans are still in flux, and it's unclear how many people would be deported or who would be targeted first.

Persons: Trump, Donald Trump's, Steve Ballmer, Molly Day, Tom Homan, Stephen Miller, Vance, Karoline Leavitt Organizations: Immigrants, American Immigration Council, American Progress, Small Business Association, ACLU, Immigration, Customs, White House, Staff, Policy, US Homeland Security

☆ Grocery prices are high. Trump’s mass deportations could make matters worse
▼ + stars: | 2024-11-18 | by ( Matt Egan | Maya Blackstone | ) edition.cnn.com time to read: +9 min

Soon, Trump’s ability to fix America’s affordability crisis will collide head-on with another, perhaps more prominent, campaign trail promise: Mass deportations. And perhaps no industry relies on undocumented workers more than the food and agriculture industries. “The only question is how high prices will go.”Zandi noted that food prices could also be pushed higher by another element of the Trump agenda: Massive tariffs. The Trump transition team did not respond to a request for comment about how mass deportations would impact food prices. The current immigration system does not allow for green cards for farm workers.

Persons: Donald Trump, Trump, you’re, ”, Chuck Conner, don’t, Conner, Fred Leitz, Leitz, Mark Zandi, “, ” Zandi, Trump’s, It’s, Rick Naerebout, that’s, Biden, Scott Bessent, ” Bessent, Axios, Trump “, David Paul Morris, Zeke Hernandez, “ It’s, Hernandez, Chloe East, Letiz, Naerebout, “ aren’t, ” Robert Lynch, Lynch, —, ” Naerebout Organizations: New, New York CNN, CNN, National Council of Farmer Cooperatives, US Department of Agriculture, Center for American Progress, Moody’s, Trump, United, Idaho Dairymen’s Association, Wall, Bloomberg, Getty, Wharton School, University of Pennsylvania, Immigration, University of Colorado Denver, The Hamilton, Brookings Institution, Washington College, American Locations: New York, United States, Michigan, Idaho, San Francisco, Brookings, Maryland

☆ Trump made a lot of tax promises. Can he keep them?
▼ + stars: | 2024-11-16 | by ( Tami Luhby | ) edition.cnn.com time to read: +7 min

Although Trump claims that his plan to raise tariffs will replace the revenue lost to these tax breaks, experts say that’s not possible. President-elect Donald Trump's tax proposals could cost trillions of dollars. In addition to eliminating taxes on certain income, Trump also floated making interest paid on car loans fully tax deductible; getting rid of the controversial cap on state and local tax deductions; ending the double taxation on Americans who live abroad; exempting police officers, firefighters, veterans and active-duty military from federal income tax; and even exploring jettisoning the federal income tax itself. Though his campaign didn’t release details on the proposal, Trump indicated that he would eliminate both federal income taxes and payroll taxes, which fund Social Security and Medicare. Virtually all tipped workers would get some tax relief if Trump also gets rid of payroll taxes on tips, the Tax Policy Center found.

Persons: Donald Trump, ” Karoline Leavitt, Trump, Marc Gerson, Miller, ”, Gerson, Donald Trump's, Jabin, Idaho Sen, Mike Crapo, Mandi Critchfield, Spokespeople, Jason Smith, Chris Campbell, ” Campbell, Republican Sen, Ted Cruz of, Byron Donalds, “ Sen, Brendan Duke Organizations: CNN, Social Security, Trump, GOP, “, Fox News, Capitol, Washington D.C, Republicans, Washington Post, Getty, Senate, Missouri Rep, Republican, Incamera Solutions, Yale University, Center, Rep, Center for American Progress Locations: Washington, Idaho, Nevada, Ted Cruz of Texas, Florida

☆ Meet the Americans stocking up on cars, skincare, and toilet paper ahead of Trump's potential trade restrictions
▼ + stars: | 2024-11-16 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +8 min

For some, the fear of tariffs means stocking up on cars, skincare, and hair products. But following Donald Trump's presidential election victory, Hull heard that car costs could surge if his tariff plans are enacted. On the campaign trail, Trump proposed a 60% tariff on imports from China and 10% to 20% on goods from other countries. AdvertisementConsidering the larger scale of Trump's proposals this time around, trade experts have identified goods, including car parts, apparel, and electronics, as products at risk of getting more expensive under Trump's tariff proposals. With so much uncertainty regarding Trump's tariff proposals, it's difficult to plan.

Persons: Donald Trump, Kristen Hull, Donald Trump's, Hull, Trump, She's, I'm, Indi Dutta, Gupta, Karoline Leavitt, Vance, she's, Dutta, Marissa Garcia, Trump's, Peterson, Garcia, Beatrice Barba, Barba, Lisa Evans, Jonathan Gold, it's, Ford Organizations: Biden, Hull, Business, Georgetown University, Roosevelt Institute, Trump, Discovery, American Progress, National Retail Federation, jkaplan Locations: China, Columbia, Southern Indiana, Jacksonville , Florida, Los Angeles

CNN —President-elect Donald Trump and Elon Musk have big ambitions for making the federal government leaner and more efficient by reviewing its budget and operations from top to bottom. Details about how the new Department of Government Efficiency, or DOGE, will operate – and how Musk and his co-leader Vivek Ramaswamy will avoid conflicts of interest – remain scarce. Musk also took aim at the Department of Education, a frequent target of Trump and Republicans, criticizing the agency for allegedly indoctrinating kids with left-wing propaganda and other failings. Slashing that much from the federal budget – which totaled roughly $6.8 trillion in fiscal 2024 – would require cutting every program by roughly one-third, said Bobby Kogan, senior director of federal budget policy at the left-leaning Center for American Progress. “Trump’s ‘Department of Government Efficiency’ will not be an actual department.

Persons: Donald Trump, Elon Musk, Vivek Ramaswamy, Trump, ” Musk, Ramaswamy, Musk, ”, “, ” Ramaswamy, Stephen Moore, Elon, Vivek, Moore, Larry Summers, Clinton, Glenn Hubbard, George W, Bush, Bobby Kogan, ” Kogan, Brian Riedl, Riedl, GOP Sen, Rob Portman, Sharon Parrott, Ronald Reagan, Reagan, William Hoagland, Peter G, Peterson, –, Jon Greenbaum, ’ that’s, Harry Sandick Organizations: CNN, Elon, Department of Government, Trump, Republican, White House, SpaceX, Department of Education, of Defense, Veterans Affairs and Homeland Security, Education Department, Labor Department, FBI, Nuclear Regulatory Commission, Heritage Foundation, US, of Economic, American, Security, Social Security, Manhattan Institute, GOP, ‘ Department, Government, White, White House & Congress, Congressional Republicans, Children’s Health Insurance, Affordable, Budget, Republicans, Grace, Center, Elon Musk, Federal Advisory Committee, Democratic Locations: Rob Portman of Ohio

☆ 3 new states passed paid sick leave for workers—here's where employees get the benefit
▼ + stars: | 2024-11-13 | by ( Jennifer Liu | ) www.cnbc.com time to read: +5 min

The U.S. is one of few developed nations without federal laws that provide workers paid time off, and just over a dozen states have their own laws to offer paid sick leave. But last week, Americans in more states – Alaska, Missouri and Nebraska – voted to pass new ballot measures that will bring paid sick leave requirements to their workplaces in 2025. Prior to the November election, 15 states and Washington, D.C., had their own paid sick leave laws, as do a number of cities and localities across the country. MarylandWorkers at businesses with 15 or more employees accrue one hour of paid sick leave for every 30 hours worked. Rhode IslandFull-time workers at businesses with 18 or more employees get up to 40 hours of paid sick leave per year.

Persons: Nebraska – Organizations: D.C, Bureau of Labor Statistics, Center for American, Arizona, California Workers, Colorado Workers, Connecticut Workers, Maryland Workers, Massachusetts Workers, Michigan Workers, Minnesota Workers, Nebraska, New Jersey Workers, New, New Mexico Workers, New York Workers, Workers, Oregon Workers, Vermont Workers, Washington Workers Locations: Alaska , Missouri, Nebraska, Washington, Alaska, California, Massachusetts, Missouri, New Mexico, Portland, Rhode

☆ What Trump's mass deportation plan would mean for immigrant workers and the economy
▼ + stars: | 2024-11-10 | by ( Kevin Williams | ) www.cnbc.com time to read: +13 min

Mass deportation would exacerbate this economic issue, say employers and economists. Leverant says it is still being determined how jobs lost from a mass deportation would be filled. "Looking at specific occupations, about one-quarter of farm workers, agricultural graders, and sorters are undocumented workers. "One of the natural problems with undocumented workers, we don't know how many are here because they are undocumented. A mass deportation is not possible without crippling economic impact," he said.

Persons: Donald Trump, Donald J, Trump, Jason Leverant, Leverant, Chad Prinkey, AtWork, Janeesa Hollingshead, Hollingshead, Uber, Trump's, David Leopold, Leopold, Kristen Welker, isn't, they're, Nan Wu, Wu, Prinkey Organizations: U.S, White, TPS, AtWork, American Progress, American Immigration Council, American Community Survey, Pew Research Center, Consulting, Uber Works, American Immigration, Citizenship, Immigration Services, Trump, NBC News, AIC, USDA, Conservative, CNBC Workforce, cnbccouncils.com, wec Locations: Mexico, Eagle, , Texas, Piedras Negras, U.S, United States, Madison, New York, Greensfelder, California, Prinkey, Boston, Austin

☆ Get ready for inflation and interest rates to rise again
▼ + stars: | 2024-11-07 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The Federal Reserve would likely respond to inflation by raising interest rates to curb demand. In an economic chain reaction, households would then pay higher interest rates on borrowing of all kinds as the Fed moves to tame that newly rekindled inflation. That led to the 30-year fixed mortgage rate rising, meaning homebuyers are on track to see higher interest rates on loans. An analysis by the nonpartisan Tax Policy Center found that Trump's policies would decrease posttax incomes by an average of $1,800 in 2025. Trump's win is also expected to influence the Federal Reserve's upcoming decisions on interest rates.

Persons: Donald Trump, —, Trump, Ramping, Trump's, it's, Jerome Powell, Joseph Stiglitz Organizations: Federal, Service, Biden, US Census Bureau, Trump, Peterson, Center, American Progress, Tax Foundation, Fed Locations: China

☆ What Trump's win could mean for student loan forgiveness
▼ + stars: | 2024-11-07 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

St. Louis-based U.S. District Judge Matthew Schelp, a Trump appointee, issued the latest preliminary injunction against Biden's revised student loan forgiveness plan. Student loan forgiveness likely to dry up under TrumpU.S. President Joe Biden speaks as he announces a new plan for federal student loan relief during a visit to Madison Area Technical College Truax Campus, in Madison, Wisconsin, U.S, April 8, 2024. Kevin Lamarque | ReutersBiden has forgiven more federal student debt than any other president. It has done so mostly by improving existing student loan relief programs that had long been plagued by problems. "The Biden administration has been making periodic announcements about loan forgiveness," Kantrowitz said.

Persons: Donald Trump, Trump's, Trump, Mark Kantrowitz, Joe Biden's, Biden, Matthew Schelp, Biden's, Kantrowitz, Joe Biden, Kevin Lamarque, Reuters Biden, George W, Bush, Mike Pierce, Mario Tama Organizations: U.S . Department, Trump, Biden, District, Center for American, Congressional Research Service, Trump U.S, Madison Area Technical, Truax, Reuters, Education Department, Public, Senate, Protection Center, University of Southern, USC, Getty Locations: Racine , Wisconsin, Louis, U.S, Madison , Wisconsin, University of Southern California, Los Angeles , California

☆ Millions of student-loan borrowers are waiting for broad debt cancellation. The next president won't have any immediate answers.
▼ + stars: | 2024-11-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +8 min

Neither former President Trump nor VP Kamala Harris would be able to act on them imminently. Despite its inability to provide broad cancellation, Biden's Education Department has issued targeted relief that has given nearly 5 million borrowers debt cancellation to date. Constance, 65, has nearly $200,000 in student debt, an amount that's ballooned since she graduated from law school in 1994. "I would expect continued improvements and limited expansions of debt relief where legally possible under a Harris-Walz administration," Partridge said. Regardless of who wins the election, legal challenges to debt relief will keep borrowers in limbo.

Persons: Joe Biden's, Trump, Kamala Harris, Harris, —, Donald Trump, Education James Kvaal, That's, it's, NORC, Biden, Constance, Constance —, It's, Sara Partridge, " Partridge, Kvaal, Partridge, Walz, Sen, Bill Cassidy Organizations: Service, GOP, Education Department, Biden's Education, Education, AP, Biden's Education Department, Public, American Progress Action, Trump, Republican, Senate

☆ How a Trump or Harris presidency could impact the future of AI
▼ + stars: | 2024-10-31 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +9 min

Business Insider spoke to five experts about what a Trump and Harris presidency would bring for AI. AdvertisementReese worked at the Department of Homeland Security during the final year of the Trump administration. "When I worked under the Trump administration, there was actually quite a bit of activity, they were very active," he said. Whether Trump or Harris wins the White House, Etzioni and Bailey said that having AI experts in the administration is crucial. Among the few upsides Bailey sees to Biden's executive order is the call to have agencies appoint AI directors.

Persons: Trump, Harris, —, Kamala Harris, Donald Trump, Darrell West, John Bailey, Biden, Taylor Swift, Trump hasn't, Joe Biden, overreach, Nicholas Reese, Bailey, Biden's, Megan Shahi, Oren Etzioni, Etzioni, Joe Biden's, Reese, they're, Shahi, — Bailey, Tony West, Uber — Harris Organizations: Big Tech, Service, White, Business, Center for Technology Innovation, Brookings Institute, American Enterprise Institute, New York University, Emerging Technology, Department of Homeland Security, Technology, Center for American Progress, Allen Institute, Republican, Security, China, Trump, National AI Research, Harris Locations: California

☆ Despite a strong economy, some women are finding it harder to make ends meet
▼ + stars: | 2024-10-28 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

There is also a larger share of single women with children. As marriage rates fell, the number of women heading families rose. Across the board, women in the workforce faced steeper job losses and slower job recovery than men, according to research by the U.S. Census Bureau. Yet, even now, the labor force participation rate for women has not fully returned to pre-pandemic levels. "This is another area where we see returning to a pre-pandemic status quo as not good enough," said Julie Vogtman, the National Women's Law Center's director of job quality.

Persons: Marc Morial, Julie Vogtman Organizations: U.S, Center for American, Finance, U.S . Census, National Urban League, CNBC, National Women's Law

☆ Harris’ small business pitch resonates in Georgia’s most diverse county. Can it win her the state?
▼ + stars: | 2024-10-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms J-J-_Mccorvey.Jpg | J.J. Mccorvey | ) www.nbcnews.com time to read: +9 min

ATLANTA — The election could be decided in Georgia’s fastest-growing and most ethnically diverse county. Vice President Kamala Harris’ economic pitch has heavily emphasized small-business owners, and those in Gwinnett County — one of the “Decider” counties NBC News is tracking — acknowledge they could use more support. So far, many like what Harris is offering, though some remain undecided just over a week before Election Day. The county is exceptionally diverse, with no single ethnic group comprising more than a third of residents, according to 2020 census data. She also kicked off an “Economic Opportunity Tour” in Atlanta this summer, highlighting the administration’s economic accomplishments for Black communities.

Persons: Joe Biden, Donald Trump, Kamala Harris, Harris, Roberto Correa, Beto’s Tacos, Chris Knowle, Beto's Tacos Roberto Correa, ” Correa, Correa, hasn’t, ”, Fred Hicks, Democratic Sen, Raphael Warnock’s, Elijah Nouvelage, ’, It’s, “, Jerry Parrish, They’ve, Roberto Corea, Tacos Trump, Biden, Laken Riley, ” Trump, Ron Tyler Jr, Tyler, Harris “, Charlamagne, God, Roland Martin, Sharon Catter, Catter, Kris Janovitz, ” Catter, Tad Leithead, Leithead Organizations: ATLANTA, NBC, Democratic, Getty, Gwinnett, Center for American Progress, Metro Atlanta Chamber, University of Georgia, U.S, Trump, Tyler Studios, Payus, Disney, Netflix, Black, Waffle, Microsoft, Target, Quality, Biden Locations: Gwinnett County, Atlanta, Beto’s, Suwanee, Mexico, Georgia, —, AFP, Gwinnett, Duluth, America

☆ Fact check: Kamala Harris town hall on CNN
▼ + stars: | 2024-10-23 | by ( Cnn Staff | ) edition.cnn.com time to read: +7 min

CNN —Vice President Kamala Harris joined CNN’s Anderson Cooper for a town hall in the critical swing state of Pennsylvania on Wednesday night, where she faced questions directly from persuadable and undecided voters less than two weeks before Americans head to the polls on Election Day. Former President Donald Trump was invited but declined to participate in a CNN town hall. Separate studies estimate that the impact of Trump’s proposed tariffs would also raise prices for families, but by a lower amount. From CNN’s Piper Hudspeth BlackburnHarris’ claim on Trump’s tax cutsVice President Kamala Harris slammed her opponent former President Donald Trump for putting in place policies that benefitted the wealthy during his first term. “Donald Trump, when he was president, gave tax cuts to the richest, to billionaires and big corporations,” she said at CNN’s town hall.

Persons: Kamala Harris, CNN’s Anderson Cooper, Donald Trump, Harris, Trump, He’s, Katie Lobosco Harris, “, Anderson, Mike Pence, Rather, Joe Biden, “ Joe Biden, Daniel Dale, Ella Nilsen Harris, Donald Trump’s, ”, Harris ’, Tim Walz, Piper Hudspeth Blackburn Harris ’, “ Donald Trump, Tami Luhby Organizations: CNN, Center for American Progress Action, CAP, Peterson Institute for International Economics, Center, Democratic, US, Protection, Army Corps of Engineers, CBS Locations: Pennsylvania, persuadable, Mexico, CNN’s

The Many Links Between Project 2025 and Trump’s WorldFormer president Donald J. Trump has repeatedly claimed that he had nothing to do with Project 2025, the Heritage Foundation’s conservative policy initiative to reshape the federal government. But Project 2025 has numerous ties to Mr. Trump and his campaign, a New York Times analysis has found. L. ZorcJump to the full list of authors, editors and contributorsSpokespeople for Project 2025 have denied that they are advocates for any particular candidate, and Project 2025 has no official ties to the Trump campaign. To limit the appearance of connection, Mr. Trump’s transition team has been excluding prominent people linked to Project 2025 from its preparations. Project 2025 additionally calls for the dismantling of the federal Education Department, which Mr. Trump has also pledged to do.

Persons: Donald J, Trump, Kevin D, Roberts, Edwin J, Trump’s, Albrecht Mark Albrecht, Anderson J, Anderson Jeff Anderson, Anton Michael Anton, Antoni A, Arthur Andrew Arthur, Atkins Paul Atkins, Axelrod Julie Axelrod, Bacon James Bacon, Baehr James Baehr, Baker E, Erik Baptist, Bennett J, Berlau, Berman Russell Berman, Bhagat S, Billy Stephen Billy, Bishop Brad Bishop, Bixby J, Blackman J, Jim, Bovard, Bowman Matt Bowman, Bradbury Steven G, Bradbury, Brashers J, Bronitsky Jonathan Bronitsky, Brosnan Kyle Brosnan, Brown R, Burkett Robert Burkett, Burley Michael Burley, J, Butcher, Mark Buzby, Byfield, Byrd David Byrd, Campau Anthony Campau, Carroll O, Cass B, Cavanaugh Brian J, Cavanaugh, Chretien Spencer Chretien, Christensen V, Coates Victoria Coates, Ellie Cohanim, Cohen Ezra Cohen, Colby Elbridge Colby, Comstock Earl Comstock, Correnti Lisa Correnti, Crowley Monica Crowley, Cunliffe Laura Cunliffe, Sergio de la, Ruyter, Del, Dennis Irv Dennis, DeVore J, Dickerson, Ding Michael Ding, Dodson, Dave Dorey, Eden T, Edgar Troy Edgar, Edlow Joseph Edlow, Ehlinger Jen Ehlinger, Ehrett, Eichamer Kristen Eichamer, Eitel Robert S, Estrada, Farkish Thompson, Feere Jon Feere, Fisher Travis Fisher, Fishman George Fishman, Ford Leslie Ford, Friedman Aharon Friedman, Frohnen J, Frushone Joel Frushone, Fulton Finch Fulton, Gabel Caleigh Gabel, Gaiser Alexandra Gaiser, Garza P, Geller, Gillen J, Gilmore James S, Gilmore, Ginn Vance Ginn, Alma Golden, Gore, D, Greenberg Dan Greenberg, Greenway, Greszler, DJ Gribbin, Grisedale Garrison Grisedale, Grogan Joseph Grogan, Guernsey J, Gunter Jeffrey Gunter, Guy Joe Guy, Guzman Joseph Guzman, Hanania, Harlow David Harlow, Harvey Derek Harvey, Hayes, Edie Heipel, Hemenway Troup, Hoekstra Pete Hoekstra, Hoffman T, Homan Tom Homan, Horner Chris Horner, Howell Mike Howell, Huber Valerie Huber, Hughes Andrew Hughes, Humire, Iacovella, Israel K, Ivory R, Jankowski Roman Jankowski, Jay Carafano James Jay Carafano, Jones, Kao J, Kelson Jared M, Kelson, Kilmartin Ali Kilmartin, Kirchner Julie Kirchner, Kish, Klukowski Kenneth A, Adam Korzeniewski, Bethany Kozma, Kozma Matthew Kozma, Krein, Kurtz, LaCerte David LaCerte, Larkin P, Lawrence Paul Lawrence, Lawrence III James R, Lawrence III, Legates David Legates, Lewis B, Lieberman J, Ligon John Ligon, Lim Evelyn Lim, Lorraine Viña Morgan Lorraine Viña, Loyola Mario Loyola, G, Malcolm J, Masterman, Matthews Earl Matthews, Mauler, McCall, McCotter Trent McCotter, Meadowcroft Micah Meadowcroft, Meese, Melugin, Mermoud, Miller, Mitchell K, Kevin E, C, Morell Clare Morell, Morgan Mark Morgan, Morgen Hunter Morgen, Morrison J, Moy, Murray R, Nabil M, Nasi L, Niemeyer Lucian Niemeyer, Nazak, Milan Nikolich, Nuebel, Kathy Nuebel Kovarik, Orr, Owcharenko Schaefer Nina Owcharenko Schaefer, O’Brien, Michael, Pedersen Leah Pedersen, Pillsbury Michael Pillsbury, Pizzella Patrick Pizzella, Porter K, Kevin Preskenis, Pryor Pam Pryor, Pyle J, Ratcliffe John Ratcliffe, Ray Paul Ray, Reddan J, Richards J, Richardson Jordan Richardson, Richwine Jason Richwine, Ries Lora Ries, Rios, Mark Robeck, Rockas James Rockas, Royce R, Rubinstein Reed Rubinstein, Ruger, Ruse, Sadler J, Sanders, Carla Sands, Sauve, Schaefer, Schuck Matt Schuck, Schwab Justin Schwab, Schweppe, Scribner, Selnick Darin Selnick, Sewell K, Sgamma, Sharp J, Shelton Judy Shelton, Simington Nathan Simington, Smith Loren Smith, Smith J, Spencer A, Spero Adrienne Spero, Spoehr, Onge C, Stanley Chris Stanley, Stannard Paula M, Stannard, Steiger William Steiger, Stein, Stephany Saunders, Stewart Corey Stewart, Stull Mari Stull, Sullivan Katharine T, Sullivan, Swearingen, Sweeney R, Swope Robert Swope, Szabo Aaron Szabo, Katy Talento, Tata Tony Tata, Thurman Todd Thurman, Tolman K, Tonnessen Kayla M, Trotter, Troy C, Tufts Clayton Tufts, Valdez, Mark Vandroff, Vaughan J, Venable, Vollmer, Wallace DeWitt C, Wallace DeWitt, Walsh E, Walsh Erin Walsh, Ward, Waters, William Salter M, Williams Michael Williams, Wolff J, Wolfson Jonathan Wolfson, Alexei Woltornist, Wuco Frank Wuco, Ybarra J, Zadrozny John Zadrozny, ”, John McEntee, James Bacon, Reagan, Howard Lutnick, Joseph R, Biden Jr, Dennis Dean Kirk, Kirk, Mr, “, JD Vance, Roberts’s, Kevin Roberts, Rick Dearborn, Russell T, Evan Vucci, Paul Dans, Dans, Ken Cuccinelli, Christopher Miller, Chip Somodevilla, Samuel Corum, The New York Times Christopher Miller, Biden, Miller’s, Skinner, Gene Hamilton, Hamilton, ” President Biden, Ben Carson, Todd Heisler, Jonathan Berry, Carson, Stephen Moore, Peter Navarro, Navarro, Karen Kerrigan, Ken Cedeno, Edwin Feulner, Robert Bowes Organizations: Heritage, New York Times, Mr, Leadership, Trump, Ivory, Loyola, Poole, Royce, Tufts, Heritage Foundation, The New, The New York Times, Washington Post, Associated Press, White, White House, Republican, Management, Defense , Homeland Security, State, Homeland Security Department, Defense Department, Twitter, State Department, Justice Department, ”, federal Education Department, Urban Development Department, Republican National Convention, Center for American Progress, Small Business Administration, Small Business, Entrepreneurship Council, Federal Communications Commission, Federal Trade Commission Locations: Guernsey, The New York, Palm Beach, Fla, Southern

☆ The top 5% will benefit from Trump's tax plans while the rest of America pays more, a new analysis says
▼ + stars: | 2024-10-09 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

With the economy top of mind for many voters, tax policy will be significant in the election. Trump's proposals include eliminating taxes on tips and overtime, extending the 2017 tax cuts for individuals, implementing higher tariffs on imported goods, and reducing the corporate tax rate. Meanwhile, the Tax Policy Center has found that the policies would bring down post-tax incomes by $1,800 in 2025. Joe Hughes, a senior analyst on federal tax policy at ITEP, previously told BI that high-wage workers could take advantage of Trump's proposals to make more money. Ultimately, though, any tax proposals would need buy-in from the House and Senate.

Persons: Donald Trump, —, everybody's, ITEP, Ernie Tedeschi, Trump's, Matthew Gardner, Gardner, Trump, Casey B, Mulligan, Joe Hughes, Hughes, Brian Hughes Organizations: Service, Taxation, Yale Budget Lab, White House Council, Economic Advisers, IRS, American Progress, Trump, Policy Institute, Washington Post, Trump campaign's, Democratic, Senate Locations: ITEP

Vice presidential candidates JD Vance and Tim Walz faced off in their first and only debate Tuesday night, squaring off over everything from foreign policy and the economy to the 2020 election and abortion rights. Contemporaneous newspaper reports — first reported by Minnesota Public Radio News and APM Reports — place Walz in Nebraska at the time. Fact-check: Is housing 60% more expensive during the Biden administration? “Iran, which launched this attack, has received over $100 billion in unfrozen assets thanks to the Kamala Harris administration," Vance said. As part of a prisoner exchange the Biden administration negotiated with Iran last year, $6 billion more in Iranian assets were unfrozen.

Persons: Vance, Tim Walz, Walz, “, America —, ”, —, That’s, Kamala Harris, Biden, Harris, hasn’t, " Walz, Harris “, she’s, Donald Trump’s, You’ve, Donald Trump, Obama, Harris wasn’t, unfroze, Trump, Trump “, I’ve, Mike Pence Organizations: America, CNN, Minnesota Public Radio, APM, U.S, Center for American Progress, Economic, Global, Washington Post, Social Security, Immigration, Department of Homeland Security, NBC News, Biden, Democratic, Health Affairs, Customs, Capitol, Centers for Disease Control, Minnesota Health Locations: China, Nebraska, Hong Kong, Beijing, Russia, Saudi Arabia, Ireland, Norway, Spain, Lechleitner, U.S, Iran, Minnesota, ”

☆ Millions of student-loan borrowers just lost access to a key debt relief program — and it could have big financial consequences
▼ + stars: | 2024-10-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The on-ramp period for student-loan borrowers ended October 1. The Fresh Start program, set to return defaulted borrowers to good standing, ends October 2. AdvertisementA program that protected student-loan borrowers from the consequences of missed payments has come to an end. The on-ramp period was implemented last October to give borrowers some leeway after the over three-year pause on federal student-loan payments ended. With the on-ramp period now over, those consequences are back.

Persons: —, Joe Biden, Secretary Miguel Cardona, Pew Organizations: Service, Social Security, Center for American, Secretary, Department, Education Department, Pew Research Center, BI, Higher

Lisa Goodman, the founding president of Equality Delaware, a statewide LGBTQ organization, worked at the same law firm as McBride’s father. “I said, ‘This changes everything,’” Goodman recalled, regarding McBride’s ability to help lobby for state legislation that would help trans people. “I also said, ‘Sarah is going to do more as Sarah than you ever imagined.’”Both statements proved true. The best example of that, they said, was her work to pass paid family leave in Delaware. McBride was elected to the state Senate in November 2020, making her the country’s first openly trans state senator.

Persons: Lisa Goodman, McBride, Dave, Sally, Goodman, “, ’ ” Goodman, ‘ Sarah, Obama, ’ McBride, Andrew Cray, Cray, ”, ” McBride, I’ve, ” Andrew Cray messaged McBride, ” Jana Williams, NBC News McBride, Ted Lasso Organizations: Equality, Center for American Progress, Human Rights, Democratic National Convention, Facebook, NBC News, White, Delaware Families Locations: Equality Delaware, Delaware

☆ We may have finally pulled ourselves out of our economic funk
▼ + stars: | 2024-09-26 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

After two years of the double pain of inflation and high interest rates, those things are normalizing. Sure, jobs were plentiful and the economy was growing, but the combination of high prices and high interest rates felt demoralizing. It’s hard to overstate how much interest rates can change the economic mood, Brendan Duke, a senior director for economic policy at the Center for American Progress, told me. And while both Vice President Kamala Harris and former President Donald Trump have proposed ways to increase the housing supply, the process will take years. “There are economic trends like falling interest rates, and there are policies like making an investment in housing supply that can move the needle,” Duke says.

Persons: CNN Business ’, New York CNN —, Matt Phillips, Dow, That’d, Brendan Duke, ‘ it’s, ’ ”, that’s, Kamala Harris, Donald Trump, It’s, ” Duke, they’re Organizations: CNN Business, New York CNN, Dow, Wall, Center for American Progress, National Association of Realtors Locations: New York, Canada, Australia, New Zealand

☆ Trump's tariff proposals would mean 'consumers are going to pay more,' says economist—here's why
▼ + stars: | 2024-09-13 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

But as a general rule, economists tend to agree that, for U.S. consumers, higher tariffs tend to mean higher prices. "They'll be buying things at higher prices than they otherwise would." Still, a number of organizations say that Trump's new tariff policy would have a negative tangible effect on American consumers' finances. Plus, financial experts say a more aggressive tariff policy could be viewed as a form of economic saber-rattling. It tends to lead to higher prices for consumers in both countries."

Persons: Trump, Howard Gleckman, Kamala Harris, Biden, Donald Trump, Harris, George Ball, Sanders Morris, Clark Bellin, Sam Millette Organizations: Urban, Brookings Tax Policy Center, CNBC, U.S, Trump, U.S ., American Progress, Peterson Institute for International, Commonwealth Financial Network Locations: China, U.S, —

Here's what Harris and Trump got right and wrong on the debate stage in Philadelphia. Fact check: Trump calls Harris’ dad a Marxist“Her father’s a Marxist professor in economics, and he taught her well," Trump said. Fact check: Trump claims Harris ‘wants to confiscate your guns’“She wants to confiscate your guns,” Trump claimed. We’re not taking anybody’s guns away.”Fact check: Harris says Trump oversaw manufacturing job losses“Donald Trump said he was going to create manufacturing jobs. Fact check: Trump says he has ‘nothing to do with Project 2025’“I have nothing to do with Project 2025.

Persons: Kamala Harris, Donald Trump, Harris, Trump, Harris ’, That’s, Donald Harris ’, Karl Marx’s, Harris ‘, ” Trump, Tim Walz, We’re, that’s, Muir, I’ll, ” Harris, Biden, Putin, ” Trump hasn’t, ”, hasn’t, they’ve, Obamacare, “, William Barr, They’ve, It’s, Harris “, We’ll, we’ll, “ Donald Trump, Let’s, he’s, Xi —, —, you’re, don’t, “ It’s, they’re, isn’t, I’m, Karoline Leavitt, Sen, Marco Rubio, Frank McKenzie, Mark Milley, Ashraf Ghani, West Virginia —, Walz, Ralph Northam, Northam, Vance, hedged, John Kirby, we’ve, it’s Organizations: Trump, NBC News, Stanford University, Afghan, Pentagon, Washington Post, Post, United States, ISIS, Republicans, United, FBI, U.S, D.C, U.S . Energy Information Association, Ohio, Capitol, Taliban, National Security, Al, Republican, U.S . Central Command, Joint Chiefs, CNN, American Civil Liberties Union, Centers for Disease Control, Virginia Gov, NBC, White, Heritage Foundation, U.S . Customs, Protection, CBP, Office, American Progress Locations: U.S, Philadelphia, Afghanistan, Russia, Ukraine, Kyiv, Crimea, Moscow, Iraq, Syria, Iraq’s Anbar, Somalia, Africa, Red, United States, Georgia, Wisconsin, Georgia , Wisconsin, Pennsylvania, New York City, Aragua, Venezuelan, Washington, California , Maryland, Vermont, Andalia , Ohio, China, Mexico, Al Qaeda, Florida, Saigon, Doha, Kabul, airport’s, West Virginia, Virginia, Ohio, Springfield , Ohio

☆ Fact check: Donald Trump, Kamala Harris debate on ABC News
▼ + stars: | 2024-09-10 | by ( Cnn Staff | ) edition.cnn.com time to read: +18 min

CNN —Former President Donald Trump and Vice President Kamala Harris are facing off for the first time Tuesday during ABC’s presidential debate. “I had no inflation, virtually no inflation,” Trump said. Harris introduced herself by name and said, “Let’s have a good debate.” Trump responded: “Nice to see you. Have fun.” Saul Loeb/AFP/Getty Images Trump and Harris stand on stage at the start of the debate. “But understand if Donald Trump were to be elected, he will sign a national abortion ban.

Persons: Donald Trump, Kamala Harris, Harris, Donald Trump’s, Trump, Katie Lobosco, MAGA, “, ” Trump, Daniel Dale, Tami Luhby, Chip Somodevilla, he’s, FactCheck.org, Steven Cheung, Cheung, Kaanita Iyer Trump, Joe Biden, ”, gotaways, Michelle Mittelstadt, Piper Hudspeth Blackburn, David Muir, Linsey Davis, Michael Le Brecht, Alex Brandon, Doug Mills, Pat Tuttle, George Walker IV, Saul Loeb, Tristen Rouse, CNN Harris, Win McNamee, Sheena Carey, Morry Gash, Matthew Hatcher, ” Saul Loeb, Roberto Schmidt, Andrew Thomas, Robert F, Kennedy Jr, Kennedy, Jim Lo Scalzo, Anthony Scaramucci, Olivia Troye, Matt Rourke, Hannah Beier, Lilly, Evelyn Hockstein, Matt Slocum, Kenny Holston, ” Harris, Noah Weinrich, Kaanita Iyer, Feedback Trump, John Roberts, Devan Cole Trump, Sen, JD Vance, ” Vance, Michael Williams Trump, United States –, Katie Lobosco Harris, –, Mike Pence, Rather, “ Joe Biden, Ella Nilsen Trump, Elisabeth Buchwald Organizations: CNN, Trump, Center for American Progress, Fund, CAP, Peterson Institute for International Economics, Center, CNN Trump, Breitbart News, Border Patrol, Biden, Patrol, Republicans, Migration, Institute, ABC News Trump, National Constitution Center, New York Times, Bloomberg, Getty Images, Getty, Pennsylvania Convention Center, People, Philadelphia International Airport, AFP, Philadelphia City Hall, Former Trump, Reuters, ABC, Force, Democratic, Convention, Leadership, Heritage, United States Supreme, White, City, Springfield News, Sun, Springfield Police, United States, US International Trade Commission, Treasury, Consumer, Bureau of Labor Statistics Locations: Pennsylvania, Philadelphia, United Kingdom, Venezuela, United States, Nashville , Tennessee, Washington ,, Washington , DC, Milwaukee, AFP, Springfield , Ohio, “, Springfield, City, China, American

☆ Harris and Trump both hate inflation. Their economic proposals could cause prices to go higher
▼ + stars: | 2024-08-19 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Both candidates’ plans would probably raise the deficit and increase demand, including through government spending and tightening the labor market, Joe Brusuelas, chief economist at RSM US, told CNN via email. Trump has so far not released as detailed an economic plan as Harris. Risks of fueling demandA central part of Harris’ economic plan is making housing more affordable. “The problem right now is too many people chasing too few houses,” Justin Wolfers, professor of public policy and economics at the University of Michigan, told CNN. Economists have told CNN that businesses would be forced to raise wages and prices.

Persons: what’s, Kamala Harris, Donald Trump, Harris, Trump, Joe Brusuelas, Brusuelas, Harris ’, ” Marc Goldwein, ” Goldwein, “, ”, Biden, Joe Biden, ” Justin Wolfers, Michelle Holder, Holder, …, ’ Trump, ” Harris Organizations: CNN, RSM, Budget, Child Tax, “, Federal Reserve, Tax Foundation, Social Security, University of Michigan, John Jay College, Center, American Progress Fund, Peterson Institute for International Economics, National Guard Locations: ”, New York, China

A number of Democratic lawmakers are planning to participate in a series of counter-programming events on Wednesday instead of attending Israeli Prime Minister Benjamin Netanyahu’s address to Congress. It’s the latest example of how Democrats remain divided over Israel’s handling of its war with Hamas. Congressional Progressive Caucus Chair Pramila Jayapal, a Washington state Democrat, is expected to deliver opening remarks at the event, according to an advisory shared with CNN. Approximately 80 House Democrats and at least six Democratic senators are expected to skip Netanyahu’s speech on Wednesday, according to sources and public statements reviewed by CNN. House Democratic leadership has given their members room to make their own decisions about whether to attend the speech.

Persons: Benjamin Netanyahu’s, Netanyahu, Pramila Jayapal, Ayanna Pressley, Greg Casar, Biden, Jim Clyburn, Rosa DeLauro, Jamie Raskin, Read Organizations: Democratic, Hamas, Capitol, CNN, Center for American Progress, East Democracy Center, Congressional, Democrat, Ayanna Pressley of Massachusetts, Maryland, Democrats, CNN . House Democratic Locations: Israel, Palestine, Washington, Ayanna Pressley of, Texas, South Carolina, Connecticut

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