Tag: politics

Crypto's Political Rollercoaster: Can Markets Survive the Tweetstorm?

Crypto's Political Rollercoaster: Can Markets Survive the Tweetstorm?

The global crypto space is hardly unfamiliar with such turbulence. We’re accustomed to seeing price volatility as adoption rates change, technology improves, and the newest influencer stirs up fervor. Lately, something else has been driving the crypto narrative: political statements. I would argue that our overreliance on political tides is...

SALT Cap Showdown: How Tax Deductions Shape Political Battlegrounds

SALT Cap Showdown: How Tax Deductions Shape Political Battlegrounds

OverTraders.com is your home for comprehensive analysis of today’s financial markets. In this piece we’ll explore how State and Local Tax (SALT) deduction changes could shape political fortunes ahead of next year’s mid-term elections, focusing on key demographics and states. Understanding the State and Local Tax Deduction (SALT) The State...

Social Security Shake-Up: A Political Ploy or Genuine Reform?

Social Security Shake-Up: A Political Ploy or Genuine Reform?

And right now, the winds of change are blowing through the SSA once again. Many would embrace this change as a breath of fresh air, but I’m still feeling the concern. Given these challenges, the agency has moved forward with formally nominating a new commissioner. This state of affairs begs...

SALT Deduction Cap Faces Potential Changes Amid Tax Cut Debates

SALT Deduction Cap Faces Potential Changes Amid Tax Cut Debates

Lawmakers want to cap the federal deduction for state and local taxes (SALT). Specifically, they’re looking at potential preventive and therapeutic changes to the currently arbitrary cap. The Tax Cuts and Jobs Act (TCJA) of 2017 set the current SALT cap. Now households can deduct no more than $10,000 in...

Musk-Linked PAC Offers Cash to Wisconsin Voters Amid Supreme Court Election

Musk-Linked PAC Offers Cash to Wisconsin Voters Amid Supreme Court Election

America PAC — a pro-Elon Musk political action committee that has raised millions of dollars. It is paying $100 to Wisconsin voters who agree to sign a petition denouncing “activist judges.” Voters will be incentivized, receiving $100 for each additional voter they recruit to sign the petition. This effort is...

States Sue Trump Administration Over Education Department Staff Cuts

States Sue Trump Administration Over Education Department Staff Cuts

Attorneys general from 20 states and the District of Columbia have already fired the opening shot by launching a lawsuit against the Trump administration. They’re challenging the dismissal of more than 1,300 workers at the U.S. Department of Education. Her workforce-loving, swamp-draining lawsuit alleges that the layoffs are intended to...

Trump Hints at Flexibility Amidst Anticipation for Reciprocal Tariffs

Trump Hints at Flexibility Amidst Anticipation for Reciprocal Tariffs

Unfortunately, the Trump administration seems determined to press ahead with its reciprocal tariff plan, which is still due to start on April 2. The plan goes out of its way to ensure a level playing field. It does this by assigning tariff rates to countries based on the duties those...

Trump Moves to Dismantle Education Department with Executive Order

Trump Moves to Dismantle Education Department with Executive Order

Well, President Donald Trump signed an executive order Thursday that will take us a lot further in that direction by destroying the U.S. Department of Education. Today’s move signals a change in federal oversight of education and student financial aid more generally. The Education Department is in charge of managing...