Ben Steverman

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

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2 weeks ago | fa-mag.com | Ben Steverman

The multi-trillion dollar tax and spending bill moving through Congress includes an unusual provision: the creation of a new savings vehicle dubbed “Trump accounts” that would be seeded with $1,000 for each American baby born in the next few years. The funds were originally known as “MAGA Accounts” but renamed in the legislation narrowly approved by the House of Representatives in May.

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

The multi-trillion dollar tax and spending bill moving through Congress includes an unusual provision: the creation of a new savings vehicle dubbed “Trump accounts” that would be seeded with $1,000 for each American baby born in the next few years. The funds were originally known as “MAGA Accounts” but renamed in the legislation narrowly approved by the House of Representatives in May.

2 weeks ago | bloomberg.com | Ben Steverman

A baby plays with toys at a daycare center in Monahans, Texas. (Bloomberg) -- The multi-trillion dollar tax and spending bill moving through Congress includes an unusual provision: the creation of a new savings vehicle dubbed “Trump accounts” that would be seeded with $1,000 for each American baby born in the next few years. The funds were originally known as “MAGA Accounts” but renamed in the legislation narrowly approved by the House of Representatives in May.

4 weeks 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.