Topics include missing Navy SEALs intercepting Iran-made weapons, New Hampshire Primary, bipartisan multi-billion dollar tax deal, Iowa caucus results analysis, ongoing Republican nomination race, legislative challenges to end COVID-era employee retention tax credit.
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Quick takeaways
The U.S. aims to avoid war with Iran and urges the Houthis to cease their attacks in neighboring countries, as Iran increases its support for proxies such as Hezbollah and the Houthis.
A strong second-place finish for Nikki Haley in the New Hampshire primary could challenge the perception of Donald Trump's inevitability as the front-runner in the Republican party.
Deep dives
Missing Navy SEALs and Conflict in the Red Sea
Two Navy SEALs went missing after intercepting an Iran-made weapons shipment in Yemen. U.S. forces found Iranian-made missile components meant for Houthi rebels in Yemen. Iran has been increasing its support for proxies such as Hezbollah and the Houthis, conducting strikes in neighboring countries. The Pentagon expects the Houthis to continue threatening trade in the Red Sea. The U.S. aims to avoid war and urges the Houthis to cease their attacks.
New Hampshire Primary and the Republican Nomination
Donald Trump won the Iowa caucus, putting the spotlight on the New Hampshire primary. Ron DeSantis came in second, followed by Nikki Haley. In New Hampshire, Haley has the lead in polls, while DeSantis lags behind. While finishing second in previous elections may not have been consequential, a strong second-place finish for Haley could signal the enduring influence of the more traditional wing of the Republican party. Trump remains the front-runner, but a Haley victory could challenge the perception of his inevitability.
New Tax Proposal and Bipartisan Deal
Lawmakers in Congress unveiled a proposed tax plan resulting from bipartisan agreement. The plan includes expanding the child tax credit to benefit low-income families, new tax breaks for small businesses, and ending the fraudulent COVID-era employee retention tax credit. The package has garnered support from Democratic and business leaders but faces opposition from hard-line conservatives who see it as adding to the federal deficit. Efforts are being made to win over lawmakers on the fence, including additional measures for disaster relief and preventing double taxation of Taiwanese companies in the U.S.
Two Navy SEALS are missing after their team intercepts a shipment of Iran-made weapons sent to Yemen, the New Hampshire Primary is less than a week out, and Democrat and Republican lawmakers reach a bipartisan multi-billion dollar deal. Get the facts first with Morning Wire.
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