Breaking Down the House’s “One Big Beautiful Bill”: What It Means for Taxpayers
By John Lau, CPA, CFP® May 22, 2025 – In a dramatic overnight session on May 22, 2025, the U.S. House of Representatives narrowly passed the “One Big Beautiful Bill” (H.R. 1) by a single vote (215–214). This sweeping legislation, championed by President Donald Trump, aims to reshape the nation’s tax landscape, with significant implications […]
So Much For Bad News Moratorium – May 23, 2025
Good morning, So far this week, and somewhat predictably, the S&P 500 has pulled back modestly—call it a breather after the explosive six-week rebound that followed the “Tariff Tantrum” and its 20% plunge. The index is off about 2% for the week, and volatility has cooled back toward more normal levels. Not so in the […]
Five Charts (and a Bonus) for the Week That Was: May 23, 2025
Chief Economist Jeanette Garretty provides 5 (and a bonus) economic charts covering topics including federal debt, the bond market, long-term treasury yields, household debt, and US labor markets.