Trump Signs Controversial ‘One Big Beautiful Bill’ into Law
U.S. President Donald Trump has signed the ‘One Big Beautiful Bill’ into law, introducing tax cuts and increased military spending, but cutting funds for social programs.
Tax Cuts
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Elon Musk and Conservative Senators Push Back on Trump’s Spending Bill
Elon Musk and conservative senators oppose President Trump’s spending bill, citing concerns over increasing national debt.
China’s Small Businesses Thrive with Massive Tax Cuts in First 9 Months
China’s small businesses received over $131 billion in tax cuts in the first nine months of 2023, boosting growth and employment as part of the government’s efforts to support economic development.
Donald Trump Names Billionaire Scott Bessent as Treasury Secretary
President-elect Donald Trump appoints billionaire hedge fund manager Scott Bessent as Treasury Secretary to drive tax cuts and economic revitalization.
Beijing and Shanghai Slash Taxes on Bigger Homes to Boost Sales
Starting December 1, Beijing and Shanghai are cutting taxes on larger home transactions to boost sales and make high-quality properties more accessible.