good morning! It’s Daniel de Vis with your daily money.
Dan Scavino has been in the process of selling up to $5 million worth of Trump Media stock after joining President Donald Trump’s administration in January as vice-Chief of Staff.
However, according to a disclosure report obtained by USA Today, Trump’s advisors chose April 1 the day before Trump announced he would make the sale to make the sale.
Here’s why there’s a problem with that timing:
Will Trump’s tax cuts boost the economy?
Trump and his Congressional supporters trumpeted their just-passed tax and spending laws, saying they would abolish economic growth.
The law should actually improve economic outcomes in 2026, predictors say. And then? Probably not that much.
Gamblers How to Lost Through Holes
What happens in Vegas is to stay more at the IRS from now on.
That’s because of the ambiguous provisions Congress recently approved in Trump’s legislative package to reduce the tax credits for gambling losses. The provision is projected to raise $1 billion for the government over the next decade.
Here’s why gamblers are “screaming from the rooftop”:
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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.
