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Trump’s ‘big beautiful bill’ adds SALT deduction ‘torpedo,’ pro says

Trump’s ‘big beautiful bill’ adds SALT deduction ‘torpedo,’ pro says

U.S. Representative Josh Gottheimer, D-NJ, speaks during a press conference about the SALT Caucus outside the Capitol on Wednesday February 08, 2023 in Washington, DC.  Matt McClain | The Washington Post | Getty Images President Donald Trump’s ‘big beautiful bill’ delivers a temporary higher limit on the federal deduction for state and local taxes, known…

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Trump 200% pharma tariffs threaten to push up drug prices, hit margins

Trump 200% pharma tariffs threaten to push up drug prices, hit margins

Shelf of pharmaceutical products. D3sign | Moment | Getty Images The pharmaceutical industry is scrambling with scenario planning as U.S. President Donald Trump’s 200% tariff proposal threatens to drive up drug prices and rip out corporate profit margins. The president once again warned on Tuesday that long-awaited industry-wide tariffs would be announced “very soon” after…

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Trump budget chief Vought ramps up criticism of Powell, vows investigation into Fed renovations

Trump budget chief Vought ramps up criticism of Powell, vows investigation into Fed renovations

Office of Management and Budget Director Russell Vought vowed Friday to press an investigation into renovations at the Federal Reserve building, which he called a “palace” where costs are running amok. In a potential escalation of President Donald Trump’s feud with Fed Chair Jerome Powell, Vought told CNBC that an investigation is warranted into whether…

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