Daily Briefing: Trump's tax bill and your wallet - MON SEVEN

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Tuesday, May 20, 2025

Daily Briefing: Trump's tax bill and your wallet

Daily Briefing: Trump's tax bill and your walletNew Foto - Daily Briefing: Trump's tax bill and your wallet

Good morning!🙋🏼‍♀️ I'mNicole Fallert,I'll have anIced Horchata Oatmilk Shaken Espresso, please. The more you make,the betterTrump's "big, beautiful bill" looks. Morebouts of severe weatherare possible in Kentucky. Every secondmattersin Karen Read's second murder trial. President Donald Trump's tax bill won approval from a key congressional committee over the weekend. He claims it would lower taxes for all Americans. While it's true that certain Americans will see after-tax income gains if the bill passes, analyses from nonpartisan organizations suggest top earners stand to gain the most from these tax cuts, with some of the lowest earners losing income when accounting for spending cuts to programs like Medicaid.Increased prices from tariffswould only make matters worsefor low-income households. In an unsigned order, the Supreme Court said the Trump administration can move to strip more than 300,000 Venezuelan migrants of temporary protected status. The background:In March, U.S. District Judge Edward Chen in Northern California blocked the administration from abruptly ending a program that allowed a population of Venezuelan migrants to live and work temporarily in the United States due to living conditions in their country. The lower court said the government had failed to identify any real harm in keeping the program in place while the migrants are challenging its termination. But now the lower court's order is lifted.Advocates for the migrants say now many could be deported before the case is fully litigated. Why it matters for Americans:An attorney for the migrants described the order as "the largest single action stripping any group of non-citizens of immigration status in modern U.S. history." What this means for Trump's strategy:Judges have stepped in and blocked a range of Trump's most aggressive policies. The unresolved question is how − or whether − presidential policies could be blocked if the Supreme Court limits or abolishes nationwide court orders. Another escaped New Orleans inmatewas capturedafter a jail break. Rep. LaMonica McIverwas chargedfollowing a Newark ICE facility visit. Trump signeda"revenge porn" banalongside First Lady Melania Trump. Liberty will pay Jerry Falwell Jr.a $15 million settlementfollowing a high-profile sex scandal. Pope Leo XIVoffered to hostUkraine-Russia peace talks at the Vatican. What's the weather today?Check your local forecast here. Another round of severe weather is possible in Kentucky during the afternoon and evening hours of Tuesday, and communities impacted by tornadoes just days ago may be hit with more strong storms. The forecast comes as a wave of tornadoes and furious storms left at least 28 people dead and dozens more injured as the storms passed through multiple states over the weekend. More than 80 tornadoes had been confirmed as of Monday morning, according to AccuWeather, with areas of Kentucky, Kansas, Missouri, Indiana, Illinois and Virginia reporting some of the worst damage.The stormsleft a trail of destruction, including flattened houses and downed power lines in wake of the devastating storms and tornadoes. Here's how to helpKentucky residentsimpacted by deadly tornadoes. Many young adults are pinning their hopes on the Great Wealth Transfer, a generational exchange of riches that could pass $84 trillion from older Americans to their children and other beneficiaries. But first, trillions of dollars will transfer from one spouse to the other within the same generation: In most cases, from a dying husband to a surviving wife. Between 2024 and 2048, an estimated $54 trillion will pass from one spouse to another, rather than to children or grandchildren.If you're banking on an inheritance,you may have to wait. Don't partyin your Airbnb. The internet isgushingover Duchess Meghan's corkboard. These roomsare crawlingwith new bacteria species. We're gluedto the NCAAsoftball championships. Here's whythe NFLis the greatest threatto the college football schedule. As the case entered it's fifth week of witness testimony, prosecutors brought out digital forensics expert to lay out a timeline that potentially ties Karen Read to the death of her police officer boyfriend. It relied on clock data from Read's vehicle and John O'Keefe's phone — and a timeframe of about 10 seconds. The timeline suggests Read's Lexus could have struck O'Keefe while backing up.But Read's lawyers contendshe was framedfor the death in an elaborate conspiracy contrived by Massachusetts police officers. During the third quarter of Indiana's 93-58 win over Chicago on Saturday, Angel Reese and Caitlin Clark got into a brief fight after Clark committed a flagrant 1 foul on Reese, who was attempting to make a rebound. According to IndyStar, part of the USA TODAY Network,the foul is not involved in a new WNBA investigationover Reese's claim a fan made racially insensitive comments to her during the game. Nicole Fallert is a newsletter writer at USA TODAY,sign up for the email here. Want to send Nicole a note? Shoot her an email at NFallert@usatoday.com. This article originally appeared on USA TODAY:Trump tax bill Supreme Court Venezuela migrant severe weather kentucky karen read wnba