Is It Deductible? The Tax Rules Around The Dells’ $6.25 Billion Contribution To Trump Accounts

A US court has ruled that former President Donald Trump has the authority to remove Democrats from two federal labor boards, a decision that could significantly alter the composition and influence of these boards. This ruling underscores the ongoing legal and political battles surrounding labor relations in the United States.

A recent Politico poll revealed that 37% of Trump voters in 2024 believe the cost of living is the worst they have ever experienced, despite Trump labeling affordability concerns as a ‘Democrat scam’ and a ‘con job’. This disconnect highlights a significant gap between the former president's rhetoric and the economic realities faced by many Americans.

Former President Donald Trump announced plans for the production of tiny cars in America, marking a significant shift in the automotive landscape. This initiative aligns with his broader strategy to bolster domestic manufacturing and reduce reliance on foreign imports.

Former President Donald Trump has expressed a desire to expand health savings accounts (HSAs), which are currently being utilized by wealthier Americans for non-medical expenses such as gym equipment and saunas, while poorer Americans are unable to use them for insurance premiums. This raises concerns about the accessibility and equity of healthcare financing.

U.S. ports are reconsidering their upgrade plans as operators hesitate to invest in Chinese ship-to-shore cranes due to the looming threat of a 100% import duty reinstated by former President Trump. This pause in purchasing reflects broader concerns over trade policies and their implications for port operations.

Tech billionaires Michael and Susan Dell have pledged a historic $6.25 billion to establish 'Trump Accounts,' tax-deferred investment accounts aimed at benefiting approximately 25 million American children under the age of 10. This initiative has sparked debate regarding the motivations behind such large donations, particularly in relation to political influence and access to power.

SSP's shares surged by 11% following the announcement of its FY25 earnings and a review of European rail operations, indicating a positive market response amidst evolving trends in the travel retail dining sector.

Hearings in Washington have raised concerns regarding the future of the U.S.-Mexico-Canada trade pact, with President Trump indicating a desire to renegotiate the agreement he previously signed. This has led to anxiety among various groups about the potential implications for trade relations in North America.