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SALT debate lies ahead for Congress as high-tax state residents and reps look for tax relief

SALT debate lies ahead for Congress as high-tax state residents and reps look for tax relief

by Sarah Serota | Mar 21, 2025 | Business, Featured

Before tax accountant Jack Hahne moved from Atlanta to New York City in 2022, the state and local tax deduction cap, commonly known as the SALT deduction cap, hardly concerned him.  “I was making a little bit less money, so it wasn’t something I was particularly...
A penny for your thoughts: what’s next for the one-cent coin?

A penny for your thoughts: what’s next for the one-cent coin?

by Jeremy Fredricks | Mar 13, 2025 | Business, Featured, Politics

WASHINGTON — President Donald Trump proposed removing the penny from U.S. circulation in February.  The one cent coin costs the U.S. Mint about 3.7 cents to make. Will discontinuing the coin contribute to higher costs and inflation or save the government millions of...
Strategic bitcoin reserve signals Trump administration’s increased loyalty to cryptocurrency industry

Strategic bitcoin reserve signals Trump administration’s increased loyalty to cryptocurrency industry

by Sarah Serota | Mar 13, 2025 | Business, Featured, Politics

On the campaign trail, President Donald Trump made a promise to the cryptocurrency entrepreneurs that they have not forgotten: a pledge to be the first “crypto president.”  Last week, Trump took his latest in a string of actions to align himself with the digital asset...
Sec. of Labor nominee backtracks on former pro-union stance

Sec. of Labor nominee backtracks on former pro-union stance

by Jorge Martinez and Lenna Peterson | Feb 19, 2025 | Business, Featured, Politics, Topics

WASHINGTON — President Donald Trump’s pick for Secretary of Labor backpedaled her previous support for repealing right-to-work laws. Senators pressed nominee Lori Chavez-DeRemer, a former GOP congresswoman, about a pro-union bill she co-sponsored during her time in...
Digital asset industry advocates against ‘regulation by enforcement’

Digital asset industry advocates against ‘regulation by enforcement’

by Sarah Serota | Feb 14, 2025 | Business, Featured, Topics

WASHINGTON – House Republicans pressed to overhaul how the Securities and Exchange Commission regulates cryptocurrency at a hearing Tuesday, aligning themselves with the pro-cryptocurrency agenda President Donald Trump championed during the first few weeks of his...
Fed to hold rates steady, entering wait-and-see mode

Fed to hold rates steady, entering wait-and-see mode

by Sarah Serota | Jan 29, 2025 | Business, Featured

WASHINGTON – After three consecutive rate cuts, Federal Reserve Chair Jerome Powell announced Wednesday the  Fed will hold the federal funds rate constant at 4.25-4.50%.  During its first meeting of 2025, the Fed decided it would not act amidst “somewhat elevated”...
Commerce Nominee Lutnick defends Trump tariffs, promises to divest from business interests

Commerce Nominee Lutnick defends Trump tariffs, promises to divest from business interests

by Lenna Peterson | Jan 29, 2025 | Business, Featured

WASHINGTON – Howard Lutnick, billionaire CEO and co-chair of the Trump/Vance transition team, vowed to use his position as commerce secretary to implement the new administration’s tariff policies in a confirmation hearing Wednesday.  Vice President JD Vance...
Trump meme coin presents volatile investment alongside ethics concerns

Trump meme coin presents volatile investment alongside ethics concerns

by Sarah Serota | Jan 23, 2025 | Business, Featured

Friday night Ogle’s head pounded, so much so that he swore off working for the rest of the night. Then, a friend messaged him that President Donald Trump just launched a cryptocurrency. He decided to invest big in the coin and, ignoring his headache, stayed up until...
Treasury Secretary nominee Scott Bessent pushes for tariffs and tax cuts during hearing

Treasury Secretary nominee Scott Bessent pushes for tariffs and tax cuts during hearing

by Sarah Serota | Jan 16, 2025 | Business, Featured

WASHINGTON–Treasury Secretary nominee Scott Bessent started his confirmation hearing testimony Thursday by recounting growing up with financial hardships in Little River, South Carolina.  “My life has been an only-in-America story that I am determined to preserve for...
House Republicans advocate for renewal of 2017 Trump tax cuts

House Republicans advocate for renewal of 2017 Trump tax cuts

by Sarah Serota | Jan 14, 2025 | Business, Featured

WASHINGTON – With the clock ticking down on the Tax Cuts and Jobs Act, House Republicans in the Ways and Means Committee doubled down Tuesday on demanding a permanent extension of the tax cuts.  “As of today, we have only 142 legislative days before taxes will go up...
Trump Nominates New FTC Leadership: What’s Next for Antitrust Regulation?

Trump Nominates New FTC Leadership: What’s Next for Antitrust Regulation?

by Heather Zhu | Dec 12, 2024 | Business, Featured

As President-elect Donald Trump’s administration takes shape, the Federal Trade Commission (FTC) is set for a transformative period under newly nominated Chair Andrew Ferguson. This transition follows the departure of Lina Khan as head of the agency, whose tenure as...
Paul Atkins’ Nomination to SEC Could Carve a Future for Crypto Regulation

Paul Atkins’ Nomination to SEC Could Carve a Future for Crypto Regulation

by Ananya Chag | Dec 10, 2024 | Business, Featured

Cryptocurrency enthusiasts had reasons to celebrate Wednesday after President-elect Donald Trump tapped crypto advocate Paul Atkins for Securities and Exchange Commission chair—but his approach stops short of offering the industry a free pass. Atkins serves as...
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