President Trump will pitch Americans on his tax overhaul plan Wednesday in Springfield, Missouri, in a speech that is "light on substance, heavy on populism," Axios writes.
Trump will propose "unrigging" the economy and ending "the special interest loopholes that have only benefited the wealthy and powerful few," Politico reports. When asked by The Wall Street Journal how Trump's promises could be taken seriously when his plans have so far been assessed as "a gift to the wealthiest Americans," one aide replied: "How I would look at this, from an American worker's perspective, it's basically a 'made in America tax.'"
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Answers to how life on Earth began could be stuck on MarsUnder the Radar Donald Trump plans to scrap Nasa's Mars Sample Return mission – stranding test tubes on the Red Planet and ceding potentially valuable information to China
-
July 27 editorial cartoonsCartoons Today's political cartoons include tough stains, heatwaves, and vote-losing behaviour
-
5 attention-grabbing cartoons about Trump's distraction tacticsCartoons Artists take on a musical diversion, an NFL team by any other name, and more
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
