Ben Steverman

New York

Knight-Wallace Fellow 2023-2024. Otherwise I write for Bloomberg @business on the @wealth team. Winner of 2023 NABJ and NLGJA awards bensteverman at gmail

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Articles

House GOP’s Tax-Cut Bonanza Comes With $50 Billion SALT Surprise

1 week ago | news.bloombergtax.com | Ben Steverman

House Republicans’ “big, beautiful bill” could bring hundreds of billions of dollars in tax cuts to wealthy business owners. But a key subset of rich Americans were pointedly excluded from that potential bonanza. In fact, thousands of business owners are facing the prospect of billions of dollars of higher taxes. Their sin: Earning their money in the wrong industry.
Trump's Tax Bill Has Nasty Surprise In SALT Fine Print For Some Rich Americans

1 week ago | fa-mag.com | Ben Steverman

House Republicans’ “big, beautiful bill” could bring hundreds of billions of dollars in tax cuts to wealthy business owners. But a key subset of rich Americans were pointedly excluded from that potential bonanza. In fact, thousands of business owners are facing the prospect of billions of dollars of higher taxes. Their sin: Earning their money in the wrong industry.
Trump’s Tax Bill Has Nasty Surprise in SALT Fine Print for Some Rich Americans

1 week ago | bloomberg.com | Ben Steverman

House Speaker Mike Johnson, right, and President Donald Trump after attending a House Republican caucus meeting on May 20. (Bloomberg) -- House Republicans’ “big, beautiful bill” could bring hundreds of billions of dollars in tax cuts to wealthy business owners. But a key subset of rich Americans were pointedly excluded from that potential bonanza. In fact, thousands of business owners are facing the prospect of billions of dollars of higher taxes.
House GOP’s Tax-Cut Bonanza Comes With $50 Billion SALT Surprise

1 week ago | news.bloombergtax.com | Ben Steverman

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House GOP’s Tax-Cut Bonanza Comes With $50 Billion SALT Surprise

1 week ago | news.bloomberglaw.com | Ben Steverman

House Republicans’ “big, beautiful bill” could bring hundreds of billions of dollars in tax cuts to wealthy business owners. But a key subset of rich Americans were pointedly excluded from that potential bonanza. In fact, thousands of business owners are facing the prospect of billions of dollars of higher taxes. Their sin: Earning their money in the wrong industry.
Trump’s Tax Bill Has Nasty Surprise in SALT Fine Print for Some Rich Americans

1 week ago | flipboard.com | Ben Steverman

NowDividing America’s adversaries isn’t as easy as all that. In the early 1970s, President Richard Nixon made history by drawing Communist China closer to the United States, giving Washington an advantage in its Cold War contest with the Soviet Union. Half a century later, President Donald Trump seems …
Así puede afectar la ley fiscal de Trump el bolsillo de las personas en EE.UU.

2 weeks ago | bloomberglinea.com | Ben Steverman |Kevin Dietsch

Bloomberg — Los republicanos de la Cámara de Representantes aprobaron este jueves por un estrecho margen lo que denominan “One Big Beautiful Bill” (Un gran y hermoso proyecto de ley), de más de 1.000 páginas que introduce cambios en todos los ámbitos, desde la inmigración y la política medioambiental hasta los seguros médicos y los impuestos. El proyecto se traslada ahora al Senado, donde seguramente se harán cambios sustanciales.
How Trump’s ‘Beautiful’ Tax Bill Shifts Americans’ Finances

2 weeks ago | news.bloomberglaw.com | Ben Steverman

House Republicans on Thursday narrowly passed what they’re calling the “One Big Beautiful Bill,” which consists of more than 1,000 pages of legislation making changes to everything from immigration and environmental policy to health insurance and taxes. The bill now heads to the Senate, where significant changes are likely. GOP lawmakers are hoping to send a final version to President Donald Trump for his signature sometime this summer.
What Trump’s ‘Beautiful’ Tax Bill Means for Your Money

2 weeks ago | bloomberg.com | Ben Steverman

Mike Johnson speaks to the media at the US Capitol in Washington, DC, on May 22. (Bloomberg) -- House Republicans on Thursday narrowly passed what they’re calling the “One Big Beautiful Bill,” which consists of more than 1,000 pages of legislation making changes to everything from immigration and environmental policy to health insurance and taxes. The bill now heads to the Senate, where significant changes are likely.
GOP’s Tax on Foundations Takes Aim at Billionaire Philanthropy

2 weeks ago | bloomberg.com | Ben Steverman |Sophie Alexander

The Gates Foundation had $7.3 billion of investment income in 2023. (Bloomberg) -- After the House released a draft tax bill last week, Thomas Blaney worked until near-midnight analyzing its impact on his clients, some 700 foundations overseeing billions of dollars in assets designated for charity.