The stock market plunged yesterday amid fears of a renewed and intense trade war with China. After months of the “calm before the storm,” United States equity markets dropped sharply on Tuesday as traders prepared for an escalation of the U.S.-China trade war complete with more tariffs (taxes on the American consumer).
The Trump Administration is looking into altering how it determines the national poverty level, which may put some Americans at risk of losing access to welfare programs, according to Bloomberg. The move might occur from changing how inflation is calculated in the “official poverty measure” according to a regulatory filing by White House Office of Management and Budget. That formula has been used for decades to try and determine where the poverty line is and what people qualify for social programs and federal benefits.
In what is one of the most corrupt and vile things to have ever happened to the American political system, residents of New Jersey will now be taxed when something 100% out of their control happens. New Jersey’s governor Phil Murphy signed 19 bills into law on Monday, one of which, was the so-called “rain […]