tax cut, One Big Beautiful Bill
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The project involves capping the highway from 10th to 13th Streets to create a park and more developable land to reconnect Chinatown with the neighborhood to its north.
The “big beautiful bill” that Donald Trump signed into law rolls back tax credits for things like electric cars and home EV chargers, rooftop solar panels, heat pumps and more.
The Republican tax bill included $150 billion for defense, but the Pentagon has asked Congress for $1 trillion. The NDAA will likely dredge up new policy fights, from anti-drone systems to making it harder for the U.S. to withdraw troops from Europe.
President Trump vowed to end taxes on Social Security, but the One Big Beautiful Bill stops short of fulfilling that promise.
Ross Gerber told BI that "there's nothing good for Tesla" in Trump's budget bill, and the stock should be trading more in line with mega-cap peers.
Colleges and universities will also take a hit, as will taxpayers who depend on Medicaid, food assistance and owe money on their student loans.
Any necessary adjustments will be reflected in the next billing cycle, and some customers may receive either a credit or an additional amount due.
A CNBC Special Report looks into the possible impacts the "one big, beautiful" bill could have on higher education, charitable giving and the deficit.