In a significant move, the Trump administration has directed Republican lawmakers to eliminate the proposed 'revenge tax' targeting international firms. This decision follows an agreement with G7 nations to exempt U.S. companies from a global minimum tax, aimed at protecting American business interests and encouraging foreign investment.
In a surprising move, the Senate passed the 'No Tax on Tips Act,' potentially offering up to $25,000 in tax deductions for tipped workers. This bipartisan legislation aims to provide financial relief to millions of Americans.
President Trump is set to unveil his controversial tariffs on Wednesday, which will take effect immediately. With promises of 'reciprocal tariffs' and a focus on American workers, the announcement is poised to send shockwaves through the global trade landscape.
