good morning! It’s Daniel de Vis with your daily money.
President Donald Trump’s tax bill could “deteriorate” future generations, regardless of income, according to a new report in Penn Wharton’s budget model.
Similar to previous analysis, these findings suggest that most Americans will see tax cuts in the short term, as Trump and fellow Republicans have promoted. However, in the long run, most people will be red. This is mathematics.
Should church groups return target donations?
Target has donated $300,000 to the National Baptist Convention. Now, some critics are calling on church organizations to return gifts.
The call comes from activists who have launched boycotts against targets over rollbacks of DEI efforts.
Will the donation be returned?
Trump attacks Fed chair again with interest rates
In his months-long campaign by Badger Federal Reserve Preparatory Committee Chairman Jerome Powell to lower interest rates, President Trump has relied on a variety of debates.
Most recently, he cited the allegation that the Fed’s denial of reduction rates was caused by the federal government’s payment of interest indebtedness of hundreds of billions of dollars a year.
Is Trump correct?
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About daily money
Every day, Daily Money will provide you with the best consumer and financial news from USA Today, breaking complex events, providing you with the TLDR version, and explaining how everything from the Fed rate to bankruptcy will affect you.
Daniel de Visé covers USA Today personal finance.
