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The Latest Breaking News from The Budget Lab

Podcasters and influencers: The unexpected jobs covered under Trump's 'no tax on tips' plan

The Treasury Department has released a preliminary list of jobs exempt from income tax on tips, including food service, concierge, and salon workers

The Independent UK

No Tax on Tips! Full List of Jobs That Qualify Under Trump's 'Big Beautiful Bill' — Is Yours on It?

The Treasury Dept. is preparing a list of jobs that qualify for President Trump's 'no tax on tips' policy. The bill, passed earlier this year, applies to a limited number of professions and has a deductible of $25,000.

International Business Times UK

It’s time to unmask the Trump tariffs for what they really are: A giant national sales tax that will hobble growth

Trump is effectively putting more money in families’ pockets with one hand, and taking a big chunk of it back with the other.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

What US consumers can expect from new tariffs on imported goods

American businesses and consumers soon will have a better idea of how President Donald Trump’s foreign trade agenda might affect them

The Independent UK

As Trump’s tariff regime becomes clear, Americans may start to foot the bill

Every company at every stage of the supply chain will try to pass on the cost of US tariffs, as much as possible

The Guardian - US

What’s in Trump’s major tax bill? Extended cuts, deportations and more

Donald Trump’s sweeping legislation boosts the wealthy, funds a border wall and risks $3tn deficit before his term ends

The Guardian - US

Trump Touts ‘No Tax on Overtime.’ But He Just Made It Harder for Millions to Earn Overtime.

Department of Labor “walked away from” rule that expanded overtime to 4 million workers, says former agency head.

Capital & Main

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How much revenue has the US earned from Trump’s tariffs?

While ‘reciprocal tariffs’ have been paused for 90 days, there are still some tariffs in place.

Al Jazeera

DOGE’s mass federal workforce cuts may cost taxpayers $135 billion this fiscal year alone

Elon Musk’s efforts to slash federal spending are costing the government in lost productivity and tax revenue, workforce and policy experts claim.

Fortune

A New IRS-ICE Agreement Could Reduce Tax Revenue by $300 Billion Over the Next Decade

That's what could happen if undocumented immigrants decide not to file their taxes, according to an estimate by The Budget Lab at Yale.

Reason

Despite Trump Pause, Overall US Tariff Rate At Highest In A Century

US President Donald Trump's delay of steeper tariffs may have won brief respite on Wall Street, but analysts say his actions -- which hit China especially hard -- already bring the average US effective tariff rate to its highest in over a century.

International Business Times

Trump has slowed his global tariff plan. Here’s what happens next and the impact on your wallet

The president caught the world – and most of his administration – off guard with his sudden announcement that he was pausing tariffs

The Independent UK

Trump "can't guarantee" tariff claims

“I can’t guarantee anything. I can’t guarantee tomorrow,” Trump told NBC News

Salon

Experts: "No tax on tips" is a bad idea

Trump and Harris agree that tips shouldn't be taxed. Economists agree that won't help much — and could backfire

Salon

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