Trump proposes tax free tips in new policy plan
The AP reports Former President Donald Trump advocates exempting tips from federal taxes, a plan met with mixed Republican support and opposition from Democrats and labor groups. The measure could boost take home pay for tipped workers but risk higher deficits and misclassification of wages, with Nevada a focal testing ground ahead of 2024 elections.
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U.S. Bureau of Labor Statistics
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Howard Gleckman
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Wisconsin
Trump Classified Documents Trial Faces Defense Challenge
Florida hearing probes the legality of special counsel Jack Smith's appointment in the Trump classified documents case. Lawyers argue the DOJ nominee was improperly appointed, seeking dismissal of the indictment, while prosecutors defend the process as proper. The judge questions oversight by Attorney General Merrick Garland as the case faces delays and ongoing appeals.
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Justice Department
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U.S
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Trump Team
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Mar-a-Lago
Stocks end week with mixed mood as Nvidia drags
U S stocks finish a winning week with the S&P 500 near record highs and the Dow modestly higher while Nvidia slips 3.2 percent amid its steep pullback. Sarepta jumps after Duchenne drug approval. Smith & Wesson slides on weak profit. Trump Media gains back from early losses as Truth Social stock trims weekly losses.
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Microsoft
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Smith & Wesson Brands
Mark Smith
Trump Media & Technology Group
Donald Trump
Truth Social
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