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Trump Plans To Cut Medicaid In Order To Extend Tax Cuts For The Wealthy

President-elect Donald Trump’s economic advisers and congressional Republicans have begun preliminary discussions about making significant changes to Medicaid, food stamps and other federal safety net programs to offset the enormous cost of extending Trump’s 2017 tax cuts next year.

Among the options under discussion by GOP lawmakers and aides are new work requirements and spending caps for the programs, according to seven people familiar with the talks, many of whom spoke on the condition of anonymity because they were not authorized to speak publicly. Those conversations have included some economic officials on Trump’s transition team, the people said.

"We Will Pass Those Tariff Costs Back To The Consumer"

Companies Prepare for Price Increases Due to Trump's Proposed Tariffs

• President-elect Donald Trump's proposed tariffs are causing concern among businesses, with many preparing for price increases to safeguard their profits.

• AutoZone CEO Philip Daniele stated that the company will pass on tariff costs to consumers, anticipating the impact on its margins.

• Other companies, such as Steve Madden and Columbia Sportswear, are also considering price hikes due to increased expenses from tariffs and supply chain changes.

The*National Retail Federation*expressed similar views, describing the tariffs as “a tax on American families” and warning that the cost of daily goods like furniture, shoes and clothes might rise sharply.

According to their research, a $90 pair of sneakers might cost $106-116 and a $100 coat could cost up to $21 more. Footwear companies, in particular, are worried – since nearly 99% of all shoes sold in the U.S. are made abroad, it will be tough to move production to the U.S. anytime soon.


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Trump-appointed Judge Blocks Overtime Pay Expansion For Millions Of American Workers

Trump-appointed judge blocks overtime pay expansion for millions of workers

• A federal judge in Texas has blocked a Biden administration rule that would have extended overtime protections to millions of workers.

• The rule would have raised the salary threshold for overtime eligibility, making an estimated 4 million additional workers eligible for time-and-a-half pay when they work more than 40 hours a week.

• The judge ruled that the Labor Department overstepped its authority in issuing the regulation.

• The Biden administration can appeal the ruling, but the future of the rule is uncertain given the incoming Trump administration's opposition to it.

• Business groups had opposed the rule, arguing that it would increase labor costs for employers.

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