All articles tagged with #trump law
President Donald Trump signed the Safer Skies Act into law, enhancing stadium security by allowing local police to disable unauthorized drones during major events, addressing growing concerns over drone interference at large gatherings and critical infrastructure.
Social Security benefits are projected to face up to 23% cuts in seven years, partly due to President Trump's tax law which reduces taxable income and accelerates the program's financial shortfall, compounded by demographic shifts like aging baby boomers, increased longevity, and lower birth rates, making urgent reform necessary.
President Donald Trump signed the GENIUS Act, establishing a regulatory framework for dollar-pegged stablecoins, aiming to legitimize and mainstream their use for payments and transfers, with potential growth to $2 trillion by 2028, and boosting demand for U.S. Treasuries.
Despite warnings from healthcare providers and insurers, Republican lawmakers, fearing Trump's opposition, pushed through a law signed by Trump that significantly cuts Medicaid funding, marking a rare defeat for the healthcare industry lobbyists who prioritized political considerations over their usual influence.
A new tax law allows for a tax deduction on interest paid on loans for new, U.S.-assembled vehicles, potentially saving buyers thousands of dollars and possibly boosting auto sales, though its overall impact remains uncertain.
The article discusses the impact of President Trump's new law on SNAP benefits, which could result in 300,000 New Yorkers losing food assistance due to stricter work requirements and other eligibility changes, highlighting concerns about increased hardship for vulnerable populations and financial strains on state programs.
President Trump's domestic policy law is expected to cause over 1.5 million New Yorkers to lose health insurance, primarily affecting the Essential Plan and Medicaid, due to federal funding reductions and policy changes, which could lead to significant impacts on hospitals and healthcare access in the state.
The article reports that over 360,000 Illinois residents will lose food assistance benefits due to new federal law signed by President Trump, which shifts financial burdens to states and introduces stricter work requirements for SNAP recipients, potentially increasing hunger and straining local food programs.
New York State and NYC face significant financial challenges due to the Republican tax and spending bill signed by Trump, which reduces federal aid for Medicaid and food assistance, potentially leading to budget shortfalls and increased pressure on local and state governments to manage social programs and funding. While some officials consider managing existing resources, others call for tax increases to offset the losses, amid concerns about the impact on vulnerable populations and city services.
The article discusses how recent federal Medicaid cuts resulting from President Trump's domestic policy bill threaten to prevent the reopening of Martin County's only hospital in North Carolina, risking increased health disparities and potential loss of life in rural communities.
Slate Auto's affordable electric pickup, previously priced under $20,000 with federal tax credits, has increased to mid-twenties due to the repeal of EV tax credits by a new law signed by Trump, impacting the company's pricing and market strategy.