|
GM Stock Falls After It Reports a $1.1 Billion Hit From Tariffs Barron'sCar makers are feeling tariff pain: GM is the 2nd company to take a hit to profits NPRGM quarterly profit slumps 35%, but it sticks by full year outlook that was lowered in May AP NewsGM says Trump tariffs knocked $1.1bn off its operating income last quarter theguardian.com
|
|
In a Tuesday morning email to staff, NPR chief executive Katherine Maher wrote that Chapin's decision came two weeks ago ahead of the Senate's vote to strip the Corporation for Public Broadcasting of $1.1 billion for NPR, PBS and member stations over the next two years.
|
|
GM Profit Falls as Trump Tariffs Add $1.1 Billion in Costs Bloomberg.comG.M. Profit Shrinks on Billion-Dollar Tariff Hit The New York TimesGM beats earnings estimates as CEO says automaker works to 'greatly reduce' tariff exposure CNBCGeneral Motors profit and revenue drops, but it maintains lowered full year outlook AP News
|
|
The One Big Beautiful Bill Act is now law. It's expected to cost the government a pretty penny. The Congressional Budget Office predicts a $3.4 trillion increase in the deficit over ten years. This is driven by significant tax cuts, including extensions of those made in 2017.
Trump's advisors argue the tax cuts will pay for themselves. Today on the show, we speak with the guru on that school of thought, Arthur Laffer, and dig into some of those claims with a tax economist.
Related episodes:
The simple math of the big bill (Apple / Spotify)
What's going to happen to the Trump tax cuts? (Apple / Spotify)
So, how's this No Tax On Tips thing gonna go? (Apple / Spotify)
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.
Fact-checking by Corey Bridges. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
|
|
