Good morning! It’s Daniel de Visé with your Daily Money.
Dan Scavino had months to sell off up to $5 million worth of Trump Media stock after he joined President Donald Trump‘s administration as a deputy chief of staff in January.
But the top Trump advisor picked April 1, the day before Trump announced sweeping tariffs, to make the sale, according to disclosure reports obtained by USA TODAY.
Here’s why that timing is problematic.
Will the Trump tax cuts boost the economy?
Trump and his congressional supporters trumpeted their just-passed tax and spending law, saying it will turbocharge economic growth.
The legislation should indeed boost economic output in 2026, forecasters say. And after that? Maybe not so much.
Gamblers howl over lost loophole
What happens in Vegas will be staying more with the IRS from now on.
That’s because of an obscure provision to reduce the tax deduction for gambling losses, which Congress recently approved in Trump’s legislative package. The provision is projected to raise $1 billion for the government over the next decade.
Here’s why are gamblers “screaming from the rooftops.”
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About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.
