Morning Brew Daily Trump Budget Bill's Tax Impact & Lululemon Sues Costco Over Dupes
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Jul 7, 2025 The podcast dives into the potential tax changes stemming from Trump’s new budget bill, revealing how it could affect family finances. Lululemon's legal battle with Costco over similar clothing adds a spicy twist. The summer job market challenges for teens are also explored, linking job scarcity with automation trends. Meanwhile, a fresh initiative aims to clean the Seine, reflecting environmental concerns. Lastly, a discussion on what it means to be 'cool' today rounds out the conversation.
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Trump Tax Bill Maintains Status Quo
- The Trump tax bill mostly extends the 2017 tax cuts and keeps tax brackets and the standard deduction unchanged.
- Key changes include increased state and local tax deductions and a permanent rise in the child tax credit.
EV Tax Incentive Ending Soon
- The $7,500 federal tax incentive for new electric vehicle purchases expires September 30, 2024.
- Automakers are discounting EVs to boost sales before the incentive sunsets amid declining EV sales.
Lululemon Sues Costco on Copycats
- Lululemon is suing Costco over copycat athletic wear that resembles their patented designs.
- The case might set new precedents in fashion intellectual property law.