ALL THE MONEY NEWS YOU NEED TO KNOW | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money. |
The so-called 'One Big Beautiful Bill,' which is now law, is nearly 900 pages, chock full of provisions that could boost the finances of everyday Americans. But who has time to read it all? |
Child care credits are coming |
Sarah Foster, 35, quit her job in the summer of 2024 after the stress of parenting and working full-time led to anxiety, depression, vascular disease and chronic pain. She said she was constantly cobbling together child-care plans. |
Foster's husband is a physician, and she describes her family as middle- to upper-class. Still, she worried about their ability to cover child care for her two kids without dual incomes. |
NYC mayor candidate: Let's tax the rich |
In her unsuccessful 2024 presidential campaign, Democratic candidate Kamala Harris pledged to preserve most of Donald Trump's 2017 tax cuts, with at least one notable exception: She would have raised taxes on the wealthiest Americans. |
Now, the Democratic nominee for mayor of New York is floating a similar proposal. Among other plans, Zohran Mamdani wants to raise income taxes on the wealthiest New Yorkers by 2%. |
📰 More stories you shouldn't miss 📰 |
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | Trump's tax and spending law will impact education savings, gambling losses and tips. Here's a breakdown of the highlights. | | There are three federal tax provisions related to child care. Trump's new tax law recently expanded all of them through a reconciliation package. | | | | Zohran Mamdani, a democratic socialist, is a leading candidate for mayor of New York. He wants to tax the rich. Business interests are panicking. | | | | The US economy is expected to slow the rest of the year as tariffs take a bigger toll on consumers and businesses, immigration constraints intensify | | | | President Donald Trump has frequently voiced dissatisfaction with the Fed's "wait-and-see" approach to lowering interest rates under Powell. | | | | The screw-on lids on the Ozark stainless steel water bottles can forcefully eject, posing "serious impact and laceration." | | | | Nicotine pouches, sometimes referred to as 'lip pillow' or 'upper decker,' are small microfiber pouches containing nicotine powder. | | | | Retirement may be within sight, but you've still got time to make up for any shortfalls. | | | | If you drink only water at restaurants, dwell in a dark home and force every last globule of toothpaste from the tube, you have "poor-people" habits. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | |
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