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☆ House Speaker Johnson pulls government funding bill after GOP support collapses
▼ + stars: | 2024-09-11 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Speaker of the House Mike Johnson, R-La., conducts a news conference in the Capitol Visitor Center after a meeting of the House Republican Conference on Tuesday, September 10, 2024. The spending proposal would have funded the government until next March. But it also would include the so-called SAVE Act, a bill that would require people to show proof of citizenship to register as a voter. Former President Donald Trump has said that Republicans should not pass any spending plan without the SAVE Act attached. The Republican presidential nominee also said the GOP should be ready to shut down the government if the voter identification proposal is not in the spending bill.

Persons: Mike Johnson, Johnson, Donald Trump Organizations: Capitol Visitor Center, House Republican Conference, Republicans, GOP, NBC News, Congressional, SAVE, Democrat, Republican

☆ Putin would 'eat you for lunch' Harris tells Trump, in bitter clash over Russia and Ukraine
▼ + stars: | 2024-09-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +2 min

Donald Trump and Kamala Harris enter Tuesday's debate in search of the same goal, a moment that will help them gain the edge in a race polls show is essentially tied. Photographer: Allison Joyce/Bloomberg via Getty ImagesRepublican presidential nominee Donald Trump and his Democratic rival, Vice President Kamala Harris, clashed repeatedly over Russia, Kremlin leader Vladimir Putin and the war in Ukraine in Tuesday night's closely watched Presidential Debate. Harris told Trump, who previously served as U.S. president, that Putin "would eat you for lunch" and said that, if the Republican were to become president, "Putin would be sitting in Kyiv right now." Otherwise, Putin would be sitting in Kyiv with his eyes on the rest of Europe. Starting with Poland," she said, before describing Putin as "a dictator who would eat you for lunch."

Persons: Donald Trump, Kamala Harris, Allison Joyce, Vladimir Putin, Harris, Trump, Putin, wouldn't, — Organizations: Art House Theatre, Bloomberg, Getty Images, Democratic, Kremlin, Republican, U.S, NATO, ABC Locations: Fayetteville , North Carolina, Russia, Ukraine, Kyiv, Europe, Poland, Moscow

☆ Harris says Trump 'sold us out on China': Highlights from the presidential debate on trade and tariffs
▼ + stars: | 2024-09-11 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Former US President and Republican presidential candidate Donald Trump speaks during a presidential debate with US Vice President and Democratic presidential candidate Kamala Harris at the National Constitution Center in Philadelphia, Pennsylvania, on September 10, 2024. Donald Trump and Kamala Harris clashed on China policy during the presidential debate hosted by ABC News on Tuesday night stateside. Trump defended his recent vows to increase trade duties, including blanket tariffs of 10% to 20% and additional tariffs of 60% to 100% on China. He also pointed out that the Biden-Harris administration maintained most of the Trump administration's tariffs on China. They can't, it would totally destroy everything that they've set out to do," he said.

Persons: Donald Trump, Kamala Harris, Trump, Harris Organizations: Republican, Democratic, National Constitution Center, ABC News, Biden, Trump Locations: Philadelphia , Pennsylvania, China

☆ Solar stocks gain as Wall Street says Harris won the debate against Trump
▼ + stars: | 2024-09-11 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

US Vice President and Democratic presidential candidate Kamala Harris listens to former US President and Republican presidential candidate Donald Trump speak during a presidential debate at the National Constitution Center in Philadelphia, Pennsylvania, on September 10, 2024. Solar and clean energy stocks rose Wednesday after Wall Street largely declared Vice President Kamala Harris the winner of the first and likely only debate before the November election. The Invesco Solar ETF (TAN) and the iShares Global Clean Energy ETF (ICLN) gained more than 3% and more than 2%, respectively, in morning trading. The benchmarks are down 28% and 11% this year as uncertainty over the outcome of the election has clouded the outlook for the clean energy industry. "We expect a near-term bounce towards Vice President Harris following the first debate with former President Trump, but the longer-term impact remains unclear," Raymond James analyst Ed Mills told clients in a note late Wednesday night.

Persons: Kamala Harris, Donald Trump, Sunnova, Harris, Trump, Raymond James, Ed Mills Organizations: Democratic, Republican, National Constitution Center, Clean Energy, New York Times, Siena College, White, Citi, White House Locations: Philadelphia , Pennsylvania

☆ Trump Media shares plunge premarket after GOP nominee's debate with Harris
▼ + stars: | 2024-09-11 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Former US President and Republican presidential candidate Donald Trump walks away during a commercial break as US Vice President and Democratic presidential candidate Kamala Harris take notes during a presidential debate at the National Constitution Center in Philadelphia, Pennsylvania, on September 10, 2024. The share price of Trump Media plunged more than 14% before the opening bell Wednesday, a day after its majority shareholder Donald Trump delivered a widely panned presidential debate performance against Vice President Kamala Harris. Investing in the Truth Social maker's stock has come to be seen as a way to bet on the political fortunes of Trump, the Republican presidential nominee. Harris' team, projecting confidence, immediately challenged Trump to another debate after the first one ended. Trump Media, which trades as DJT on the Nasdaq, had surged as much as 10% in intraday trading Tuesday, possibly indicating optimism about how Trump would fare in the debate.

Persons: Donald Trump, Kamala Harris, weren't, Harris, Trump Organizations: Republican, Democratic, National Constitution Center, Trump Media, Trump, Nasdaq Locations: Philadelphia , Pennsylvania, Philadelphia

☆ Asia-Pacific markets open lower after gains on Wall Street; Japan and South Korea data in focus
▼ + stars: | 2024-09-11 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

The upscale shopping district of Ginza in Tokyo, Japan, on Saturday, May 4, 2024. Asia-Pacific markets opened lower on Wednesday, despite gains on Wall Street ahead of the U.S. August consumer inflation report due Wednesday. Traders in Asia parsed key economic data from Japan and South Korea. South Korea reported that unemployment fell to 2.4% in August, the lowest level since 1999, when the data series commenced, according to Statistics Korea. The sentiment for non-manufacturers declined for a third consecutive month to plus 23, from plus 24.

Persons: Donald Trump, Kamala Harris, Canada's Alimentation Organizations: Traders, Statistics Korea, Reuters, Republican, Democratic, Federal Trade Commission, Taiwan Semiconductor Manufacturing Corp, Taiwan Locations: Ginza, Tokyo, Japan, Asia, Pacific, South Korea

☆ Chiefs quarterback Patrick Mahomes won’t endorse Trump or Harris
▼ + stars: | 2024-09-11 | by ( David Close | ) edition.cnn.com time to read: +3 min

CNN —Kansas City Chiefs superstar quarterback Patrick Mahomes will not endorse former US President and Republican presidential candidate Donald Trump or Vice President Kamala Harris. On Wednesday, Trump appeared on Fox News and was asked about Swift’s Harris endorsement. I was not a Taylor Swift fan,” Trump said. Brittany Mahomes and Taylor Swift celebrate a Kansas City Chiefs touchdown on October 12, 2023. Mahomes was asked several times about his name being mentioned in the political space in an election year.

Persons: Patrick Mahomes, Donald Trump, Kamala Harris, Brittany, Travis Kelce, Taylor Swift, Harris, Mahomes, “, ” Mahomes, Trump, Swift’s Harris, ” Trump, Brittany Mahomes, Jamie Squire, ”, “ I’ve, I’m Organizations: CNN, Kansas City Chiefs, Republican, Fox News, Trump, Chiefs, Cincinnati Bengals Locations: “, America, Brittany

☆ Avoid 'knee-jerk reactions' to candidates' proposed tax increases, financial advisors say. Here's why
▼ + stars: | 2024-09-11 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

With fewer than 60 days until the election, investors may feel stressed by the flurry of tax policy proposals. Democratic presidential nominee Vice President Kamala Harris has plans for middle-class tax cuts while raising levies on the wealthiest Americans and corporations. Meanwhile, former President Donald Trump, the Republican nominee, aims to extend tax breaks enacted during his first term and end taxes on Social Security benefits. How it compares to recent historyBut there's a big difference between a candidate's tax idea or proposal and signed legislation. "All sorts of things are in presidential budgets that don't get enacted," said CFP and financial therapist Rick Kahler, president of Kahler Financial Group in Rapid City, South Dakota.

Persons: Donald Trump, Kamala Harris, Trump, Louis Barajas, —, Harris, Rick Kahler Organizations: Republican, Democratic, U.S, New York Young Republican Club, Social Security, International Private Wealth, Finance, Kahler Locations: New York City, U.S, Irvine , California, Rapid City , South Dakota

☆ Trump says Harris debate was 'rigged,' ABC should lose license, but 'we did great'
▼ + stars: | 2024-09-11 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Republican presidential nominee, former U.S. President Donald Trump, debates Democratic presidential nominee, U.S. Vice President Kamala Harris, for the first time during the presidential election campaign at The National Constitution Center on September 10, 2024 in Philadelphia, Pennsylvania. Trump said the debate felt like he was battling three opponents: Harris, and the two ABC News moderators. Trump also brushed off pop star Taylor Swift's endorsement of the Democratic nominee Harris, which Swift announced minutes after the debate. "I am not a Taylor Swift fan … she'll probably pay a price for it in the market," Trump said. The vice president told supporters Tuesday night that "today was a good day."

Persons: Donald Trump, Kamala Harris, Trump, David Muir, Linsey Davis, Harris, Taylor Swift's, Swift, Taylor, she'll Organizations: Democratic, Constitution Center, ABC, Republican, Fox News, Fox, Trump Locations: Philadelphia , Pennsylvania

☆ White House denounces ‘dangerous’ false claims about Haitian immigrants spread by Vance
▼ + stars: | 2024-09-10 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

The White House warned Tuesday that debunked claims about Haitian immigrants harming household pets could spill over into anti-immigrant violence, as Republican vice presidential nominee JD Vance vowed to keep spreading the rumor. National Security Council spokesman John Kirby said in a briefing with reporters that the false claims about immigrants were a “dangerous” variety of conspiracy theory. So, it needs to stop.”The rumor that Haitian immigrants are abducting and eating pets has spread widely on social media and has focused on Springfield, Ohio, a city with a large population of recent immigrants. The baseless claims have been described as racist because of the implication that Haitian immigrants, most of whom are Black, have barbaric practices or are incapable of living peacefully among white neighbors. Vance posted Tuesday on X that “a child was murdered by a Haitian migrant” and he said other local resources including health care and housing were becoming overwhelmed by demand from new arrivals.

Persons: Vance, John Kirby, ”, ” Kirby, Haiti’s, “ What’s, you’ve, that’s, let’s, Donald Trump, Marlene Daut, Springfield who’ve, ” Vance, wouldn’t, debunkings, don’t, Aiden Clark, Hermanio Joseph Organizations: National Security, Police, Republican Party, Republican, Yale University, NBC News Locations: Springfield , Ohio, Springfield, France, Ohio, Haitian

But broadband companies have been focused on transitioning their customers to other affordable options to help them make up the expired discount, according to the companies’ earnings calls. In the wake of the ACP’s expiration, broadband companies have reported losing some customers. While broadband providers were generally supportive of the ACP, many in the industry believed the subsidy benefitted too wide a swath of U.S. households. During the second quarter, Charter reported a loss of 149,000 internet customers, while Comcast reported a decline of 120,000 broadband customers. Charter has tried to retain its low-income consumer base by rolling out new savings deals like offering ACP customers a free unlimited mobile line for one year.

Persons: ’, ”, Craig Moffett, “, Blair Levin, Mike Carey, Nikki Budzinski, GOP Sen, JD Vance, Ohio, Donald Trump’s, Vance quieted, ” Gigi Sohn, Joe Biden, Sohn, Wall, they’re, ” Sohn, ” Carey, ” Budzinski, Chris Winfrey, “ We’ve, ” Moffett, MoffettNathanson, Gigi Sohn’s Organizations: Charter, Verizon, Comcast, Program, Federal Communications Commission, Democratic, Republican, Street Research, CNBC, NBC News, Capitol, Republicans, Emergency, GOP, Republican House, ACP, FCC, ”, Universal Service Fund, USF, Charter Communications Locations: MoffettNathanson, Ohio, U.S, New York

WASHINGTON — Allies of Donald Trump see Tuesday's debate as a pivotal moment for the Republican presidential nominee — a chance to shore up support and turn the corner from Kamala Harris' post-nomination "honeymoon." Trump allies are hopeful that the debate will cap a turnaround from the recent weeks of tumult and help him enter the fall on a competitive footing. “Everyone on Team Trump firmly believes that we’re better-positioned to win,” said a source close to Trump. Harris poses a different set of challenges for Trump on the debate stage. “The Democrats and the Harris campaign have done an amazing job at messaging and hitting at the right time.

Persons: Donald Trump, —, Kamala Harris, ”, Hillary Clinton, Trump, Joe Biden's, Biden, Harris, Republicans fretting, Team Trump, we’re, “ Harris won’t, they’re, ” Trump, he's, ” Jason Miller, Brandon Scholz, Scholz, Republicans —, Brian Kemp, “, Dan Eberhart, Corey Lewandowski, ” Eberhart, “ Trump, “ They’ve, Ed Broyhill, they’ve, ” Harris ’, Ford O'Connell, wasn’t, ” Scholz, Sen, Rick Santorum Organizations: WASHINGTON — Allies, Republican, Trump, Democratic, Republicans, Team, Wisconsin GOP, Supporters, Georgia Gov, North Carolina Republican National, Biden, GOP, “, Democrats Locations: WASHINGTON, Milwaukee, Trump, Biden's, Florida, Wisconsin, New York City

☆ Melania Trump questions Trump assassination attempt story: 'We need to uncover the truth'
▼ + stars: | 2024-09-10 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Former first lady Melania Trump questioned the official account of the attempted assassination this summer of her husband, Republican presidential nominee Donald Trump. Speaking in a dramatically produced 30-second video, posted to social media Tuesday to promote her new memoir, Trump argues there is "definitely more to the story." She refers specifically to the failure of law enforcement to arrest the shooter Thomas Crooks before the near-fatal shooting of Donald Trump at a campaign rally in western Pennsylvania. "There is definitely more to this story, and we need to uncover the truth." The video ends with an image of her new book, "Melania," and a link to buy copies of it.

Persons: Melania Trump, Donald Trump, Trump, Thomas Crooks, Donald Trump's, Kalama Harris Organizations: CNBC, Democratic Locations: Pennsylvania, Philadelphia

☆ Presidential debate crib sheet: U.S. economy numbers to know
▼ + stars: | 2024-09-10 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: 1 min

Republican presidential nominee and former U.S. President Donald Trump speaks during a visit to Alro Steel manufacturing plant in Potterville, Michigan, U.S. August 29, 2024. When Vice President Kamala Harris and former President Donald Trump take the debate stage in Philadelphia on Tuesday night, expect them to arrive with a stockpile of talking points about the U.S. economy. In the weeks leading up to their head-to-head debate, hosted by ABC News, both Harris and Trump have unveiled new economic proposals. They have also tried to paint their rival as a threat to the health and stability of the U.S. economy. As the candidates try to frame the economy in favorable terms Tuesday, keep these key numbers in mind.

Persons: Donald Trump, Kamala Harris, Harris, Trump Organizations: Alro, ABC News Locations: Potterville , Michigan, U.S, Philadelphia

☆ Presidential debate live updates: Trump and Harris face off in Philadelphia
▼ + stars: | 2024-09-10 | by ( Dan Mangan Kevin Breuninger Josephine Rozzelle Brian Schwartz Rebecca Picciotto Ece Yildirim | Dan Mangan | Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Republican presidential nominee and former U.S. President Donald Trump reacts during his "No Tax on Tips" campaign event in Il Toro E La Capra restaurant in Las Vegas, Nevada, U.S. August 23, 2024. (L), and Vice President Kamala Harris smiles as she speaks at her Presidential Campaign headquarters in Wilmington, DE, U.S., July 22, 2024. Republican presidential nominee Donald Trump will square off Tuesday against Vice President Kamala Harris, the Democratic nominee, in a prime-time debate that could alter the course of an unprecedented race for the White House. It will also be the first time Harris and Trump have ever met in person, just eight weeks before the Nov. 5 election. Polling averages indicate the race is effectively tied at the national level, while surveys of the key battleground states show Trump and Harris within a few points of each other, and well within the polls' margins of error.

Persons: Donald Trump, Toro, Kamala Harris, Harris, Trump Organizations: Republican, Democratic, White, ABC News, National Constitution Center, Trump Locations: Las Vegas , Nevada, U.S, Wilmington , DE, Philadelphia

☆ Trump tells Republicans to shut down government if hardline voter ID bill gets cut from spending bill
▼ + stars: | 2024-09-10 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Former President Donald Trump on Tuesday said congressional Republicans should pursue a government shutdown if they cannot attach a hardline voting bill to the temporary funding resolution that would keep the government open. "The House Republican CR is an unserious and uncooked product," Senate Majority Leader Chuck Schumer, D-N.Y., said on the Senate floor Tuesday. That same day, the House approved the rule for the CR, which would fund the government until March 2025, with the SAVE Act included. The final House vote to pass the funding bill is set to take place on Wednesday. But even if it passes, the bill would still be dead on arrival in the Democratic controlled Senate.

Persons: Donald Trump, don't, Mike Johnson, Chuck Schumer, Johnson, Trump's, Mitch McConnell, McConnell, Sahil Kapur Organizations: Trump, Republican, Congressional Democrats, Republicans, SAVE, Democratic, Senate, NBC Locations: New York City, U.S, Ky

☆ Trump wants to make IVF free. Democrats, Republicans and experts are dubious
▼ + stars: | 2024-09-10 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

Former President Donald Trump says that he wants to make in vitro fertilization treatments free of cost, either by requiring insurance companies to cover the procedure or federally funding it. "Because we want more babies, to put it very nicely," Trump said at a campaign rally in Michigan on Aug. 29. Since then, neither Trump nor his campaign has offered details on how such a plan might be paid for. But health care experts are skeptical that Trump could implement such a policy on his own. And winning support for free IVF among his fellow Republicans in Congress could prove exceptionally difficult.

Persons: Donald Trump, Trump, Kamala Harris, Alina Salganicoff, Salganicoff, Sabrina Corlette, Georgetown University's Organizations: U.S, Alro Steel, Trump, Democratic, KFF, Affordable, Center, Health, Georgetown, Georgetown University's McCourt School of Public Locations: Potterville , Michigan, Michigan, Women's

Republican vice presidential nominee Sen. JD Vance of Ohio speaks to reporters in San Diego in front of the wall on the border with Mexico, Sept. 6, 2024. A Biden administration official on Tuesday said it was "dangerous" for Republican vice presidential nominee Sen. JD Vance of Ohio to promote a false conspiracy theory that Haitian immigrants were stealing and eating other people's pets. Vance in a social media post on X on Monday shared a video of him speaking during a Senate committee hearing about a surge in Haitian immigrants living in Springfield, Ohio. "Months ago, I raised the issue of Haitian illegal immigrants draining social services and generally causing chaos all over Springfield, Ohio," Vance wrote in that tweet. His tweet came a day before Republican presidential nominee former President Donald Trump was due to debate Harris in Philadelphia.

Persons: Sen, JD Vance, Biden, Vance, you've, that's, let's, John Kirby, Kirby, Kamala Harris, Harris, Donald Trump, Donald Trump Jr, Ted Cruz, Ted Cruz of Texas —, Springfield who've Organizations: Republican, Republican Party, Security, Democratic, . Springfield Police, Springfield Police, NBC News, Trump Locations: Ohio, San Diego, Mexico, Springfield , Ohio, United States, Philadelphia, Ted Cruz of Texas, Springfield, North Carolina, Pennsylvania

In the wake of the ACP's expiration, broadband companies reported losing some customers. "But that doesn't take away from the families for whom this was important, and could now lose access to broadband." Pete Marovich | ReutersStill, Sohn believes bipartisan support for the ACP should make reauthorizing it a political slam dunk for Democrats. While broadband providers were generally supportive of the ACP, many in the industry believed the subsidy benefitted too wide a swath of U.S. households. Charter Communications CEO Chris Winfrey said in July that the ACP's expiration impacted both losses and low income broadband connections after the company had "put a lot of effort into the ACP program."

Persons: Craig Moffett, Blair Levin, Mike Carey, Nikki Budzinski, GOP Sen, JD Vance, Ohio, Donald Trump's, Vance quieted, Gigi Sohn, Biden, Pete Marovich, Sohn, Wall, they're, Carey, Budzinski, Chris Winfrey Organizations: Istock, Getty, Charter, Verizon, Comcast, Program, Federal Communications Commission, Democratic, Republican, Street Research, CNBC, Capitol, Republicans, Emergency, GOP, Republican House, ACP, Commerce, Science, Washington , D.C, Reuters, Universal Service Fund, USF, Charter Communications Locations: MoffettNathanson, Ohio, Washington ,, U.S, New York

☆ Senior Republicans urge Biden to lift restrictions on Ukraine hitting targets deep inside Russia
▼ + stars: | 2024-09-10 | by ( Kylie Atwood | Jennifer Hansler | ) edition.cnn.com time to read: +8 min

CNN —A group of key House Republicans have written to President Joe Biden urging him to lift the restrictions on the use of US-provided long-range weapons systems and allow Kyiv to strike targets deep inside Russia. The UK is also considering whether to allow Ukraine to strike deeper inside Russia with its own long-range system, the Storm Shadow. “No change to policy,” one senior administration official said, adding that there is currently no openness to lifting restrictions. Last month, senior Ukrainians presented US officials with targets they would like to strike in Russia during a visit to Washington. But the Ukrainians say there are weapons productions facilities that would be within reach of the ATACMS inside Russia that are worthy military targets, a source familiar with the Ukrainians position told CNN.

Persons: Joe Biden, Volodymyr Zelensky, Antony Blinken’s, Biden, Blinken, David Lammy, Keir Starmer, “, Michael McCaul, Michael Turner, Mike Rogers, Ken Calvert, Thomas Kean, Richard Hudson, “ Biden, Harris, Donald Trump, Defense Lloyd Austin, ” Austin, ”, ” Blinken, “ It’s, Zelensky, ” John Kirby, It’s, CNN’s MJ Lee Organizations: CNN, Republicans, British, UK, House Foreign, House Intelligence, House Armed Services, House, Helsinki, Republican, Defense, Ukraine Defense Contact Group, Ukraine “, Ukraine, Russian, US National Security Council Locations: Kyiv, Russia, Ukrainian, Ukraine, Washington, London, U.S, Germany, Russia’s Kursk, Iranian, Crimea

Nikki Haley said Monday that former President Donald Trump and running mate Sen. JD Vance should change the way they speak about women and focus instead on policy positions. "I think it's because Donald Trump and JD Vance need to change the way they speak about women. Haley said that when Republicans call Democratic women "dumb," "Republican women get their backs up, too." Speaking to a New Hampshire-focused podcast last week, Trump said Harris is “not smart enough.”“Something’s wrong,” Trump said. "I think that’s exactly what we don’t need a strong leader to be," she said on NBC News' Meet the Press" in January.

Persons: Nikki Haley, Donald Trump, Sen, JD Vance, Haley, Harris, Kamala, She's, Trump, Joe Biden, ” Trump, “, Haley hasn't shied, Vance, ” Haley, That’s, that’s Organizations: Fox News, Fox &, Republicans, Democratic, Republican, NBC, GOP, Republican National Convention, United Nations, CBS, NBC News Locations: South Carolina, New Hampshire, Russia, China, Iran

☆ Trump tax cuts expire after 2025. Here's how the presidential election could affect your taxes
▼ + stars: | 2024-09-09 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +1 min

With the presidential election approaching, experts are sounding alarms about the upcoming expiration of the 2017 Tax Cuts and Jobs Act, or TCJA. Without action from Congress, trillions in tax breaks enacted by former President Donald Trump via the TCJA will expire after 2025. "If the 2017 tax cuts are allowed to expire after 2025, about 62% of taxpayers would see their tax bills go up," said Erica York, senior economist and research director at the Tax Foundation. "That's because the TCJA provided tax cuts for the vast majority of taxpayers." Both Trump, the Republican presidential candidate, and Vice President Kamala Harris, the Democratic candidate, have called for tax changes that could affect millions of Americans.

Persons: Donald Trump, Erica York, Kamala Harris, Stephen Moore, Trump, Harris Organizations: Tax, AP, Trump, Republican, Democratic, CNBC, White

☆ Trump hush money sentencing postponed past Election Day, judge rules
▼ + stars: | 2024-09-06 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Former President Donald Trump will not be sentenced in his New York criminal hush money case until after the Nov. 5 presidential election, a judge ruled Friday. The sentencing, which was set for Sept. 18, will instead take place on Nov. 26, Manhattan Supreme Court Judge Juan Merchan ruled. The Supreme Court's ruling had already spurred Merchan to delay Trump's sentencing, which was originally scheduled for July 11, by more than two months. Trump campaign spokesman Steven Cheung in a statement Friday said, "There should be no sentencing in the Manhattan DA's Election Interference Witch Hunt." "As mandated by the United States Supreme Court, this case, along with all of the other Harris - Biden Hoaxes, should be dismissed," Cheung said.

Persons: Donald Trump, Juan Merchan, Trump, Merchan, Trump's, Michael Cohen, Stormy Daniels, Cohen, Alvin Bragg's, Steven Cheung, Harris, Biden, Cheung, Bragg, Joe Biden Organizations: U.S, New York, Court, Manhattan, Trump, Republican, United States Supreme, NBC News Locations: New York, Manhattan

☆ Trump's lawyers say an accuser's sexual-assault testimony should have been tossed because the incident was aboard an airplane
▼ + stars: | 2024-09-06 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +10 min

Leeds' allegations weren't part of Carroll's accusations, but the trial judge allowed her testimony because they demonstrated what Carroll's lawyers argued was a pattern of behavior by Trump. "It's very hard to overturn a jury verdict for evidentiary grounds," he said. Sauer argued that Trump's case was "a textbook example" of a case wrongly propped up by propensity evidence rather than Trump's actual conduct. LEONARDO MUNOZ/AFP via Getty ImagesShe also jabbed at Habba's earlier claims that she might have some kind of conflict of interest with the trial judge, US District Judge Lewis Kaplan. Presidential immunity played a role in earlier court fights in the Carroll case.

Persons: —, Donald Trump, Jean Carroll, John Sauer, Jessica Leeds, Trump, Sauer, Denny Chin, Roberta Kaplan, Leeds, defaming Carroll, Alina Habba, Kaplan, Carroll, Todd Blanche, Emil Bove, Boris Epshteyn, Joshua Katz, CHARLY TRIBALLEAU, Getty Images Carroll, Bergdorf Goodman, Blanche, Bove —, Harvey Weinstein's, Susan Carney mused, Marci Hamilton, LEONARDO MUNOZ, Lewis Kaplan, Kamala Harris, Bove, Juan Merchan, she'd Organizations: Service, Republican, Business, Leeds, Circuit, Trump, Getty Images, US, University of Pennsylvania, Getty, Democratic Locations: Manhattan, Leeds, AFP, New York, Washington, DC, New, United States

☆ The organizers of a January 6 awards gala claim Trump's song with riot defendants' prison choir 'went Platinum.' It didn't.
▼ + stars: | 2024-09-05 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

Read previewIf the indefinitely postponed J6 Awards Gala ever happens, one very special attendee will be in for a treat. Advertisement"Released on March 3, 2023, this song quickly went Platinum, thanks to your unwavering support," the website says. The RIAA website that catalogs gold and platinum-certified songs does not include any music from Donald Trump nor from the J6 Prison Choir. The J6 Awards Gala promises to auction off a plaque commemorating the "Platinum status" of Donald Trump's musical single. It isn't clear if Ronald McAbee is a member of the J6 Prison Choir.

Persons: —, Donald Trump, President Trump, There's, Erin Burr, Donald Trump's, Mac Miller —, Rae Sremmurd, Forbes, Ed Henry, Trump, Rudy Giuliani, Peter Navarro, Sarah McAbee, Ronald McAbee, Rudolph Contreras, Contreras, Sarah McAbee didn't Organizations: Service, Business, Republican, Recording Industry Association of America, RIAA, J6, Trump, BI, Billboard, Fox, White House, New York Times, Capitol Locations: Washington, DC, Bedminster, New Jersey, Tennessee

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