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Democratic state treasurers rip GOP over budget bill — ‘taxing Barbies and G.I. Joes if you can even find them on store shelves’

Democratic state financial leaders are pushing back swiftly and loudly on the GOP budget bill as new details have emerged about tax provisions ahead of a Tuesday House committee meeting. The budget bill sets the overall federal spending agenda, including targets and spending cuts that will fund tax reductions.  According to think tank Tax Policy … Read more

The Chinese goods Americans most rely on, from microwaves to Barbies

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump has excluded smartphones, laptops and other consumer electronics from his “reciprocal” tariffs, but 46 of the 50 items the US most relies on China for are still subject to the levies. Analysis of … Read more

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