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May 9, 2025: House Panel Releases Partial Version of Trump Bill, Bessent Warns on Debt Limit, More

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Tax Proposals and Debt Limit Concerns Amid Corporate Settlements

This chapter analyzes a recent tax proposal from President Trump that includes enhancements to the child tax credit and estate tax exemption. It also highlights a significant settlement between Texas and Google, updates on Newark Airport, and Trump's proposal for an 80% tariff on China amid ongoing negotiations.

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