As of April 2025, President Donald Trump and congressional Republicans are pushing to make the 2017 Tax Cuts and Jobs Act (TCJA) permanent. The TCJA, which initially lowered tax rates for individuals and corporations, is set to expire at the end of 2025. Extending these cuts could cost the federal government between $4 trillion and $11.2 trillion over the next decade, according to analyses from the Congressional Budget Office and the Committee for a Responsible Federal Budget.
The proposed extension includes new deductions and aims to eliminate taxes on tips, Social Security income, and overtime pay. However, critics argue that the benefits would disproportionately favor the wealthiest Americans, with the top 0.1% potentially receiving significant tax cuts. Additionally, concerns have been raised about the potential impact on the national debt and long-term economic growth.
The debate continues as lawmakers work to reconcile differing proposals and address the fiscal implications of extending the TCJA.
#TariffsPause In April 2025, Pakistan's economy received a significant boost as the U.S. announced a 90-day pause on new tariffs, leading to a surge in investor confidence. The Pakistan Stock Exchange responded positively, with the KSE-100 Index rising by over 2,000 points, reflecting optimism across various sectors .
Simultaneously, the Pakistani government initiated substantial reforms to reduce electricity tariffs by up to Rs12 per unit by March 2025. This plan involves renegotiating contracts with Independent Power Producers (IPPs), restructuring debts, and reducing taxes, aiming to alleviate the financial burden on consumers and stimulate economic growth .
These combined efforts are expected to enhance economic stability, attract foreign investment, and provide relief to the public. The tariff pause and domestic reforms signify a strategic move towards fostering a more resilient and competitive economic environment in Pakistan.
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#SaylorBTCPurchase Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), has intensified his Bitcoin acquisition strategy in 2025. On February 24, the company purchased an additional 20,356 BTC for approximately $1.99 billion at an average price of $97,514 per coin, bringing its total holdings to nearly 500,000 BTC .
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.Bitcoin (BTC) has rebounded impressively in April 2025, surging past $87,000 📈 after dipping below $77,000 last month. This resurgence is fueled by renewed institutional interest, with spot BTC ETFs witnessing nearly $908 million in inflows, and companies like MicroStrategy and KULR Technology Group bolstering their holdings . $BTC $BNB $SOL
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#TrumpVsPowell The TrumpVsPowell saga continues to shake the financial and political spheres! Former President Donald Trump has recently criticized Fed Chair Jerome Powell, blaming him for economic instability and high interest rates. Trump hinted at replacing Powell if re-elected, reigniting their long-standing feud. Powell, staying firm, defended the Fed's independence and its battle against inflation. This clash impacts market sentiment and raises questions about the Fed’s future direction. Investors are watching closely as this drama unfolds, with potential ripple effects on the 2024 election and monetary policy decisions. Stay tuned, because this economic showdown is far from over! ⚖️📉🇺🇸🔥