Major Copper-Nickel Discovery on the Move

Copper is called the new oil, with prices hitting decade highs. One junior has two strategic copper-nickel assets already producing high-grade results. Institutions and strategic investors are all in.

Republicans forge their tax bill in Trump's image, with 'MAGA accounts' and more

MATT BROWN and LEAH ASKARINAM
May 17, 2025

WASHINGTON (AP) -- Days before Republicans unveiled their sweeping tax cut plan, the chairman of the powerful Ways and Means Committee had one last person to consult. He went to the White House, where he and President Donald Trump went over the legislation "line by line."

"He was very happy with what we're delivering," said Rep. Jason Smith, a Republican from Missouri.

Trump had every reason to be pleased. His imprint is all over on the bill making its way through the House, starting with its title -- the " One Big Beautiful Bill Act."

The legislation realizes many of Trump's campaign promises, temporarily ending taxes on overtime and tips for many workers, creating a new $10,000 tax break on auto loan interest for American-made cars, and even creating a new tax-free "MAGA account" -- a nod to his "Make America Great Again" movement, but in this case, it means "Money Accounts for Growth and Advancement." This would contribute $1,000 to children born in his second term.

The Trump-inspired contours of the legislative package, months if not years in the making, reflect not only the president's considerable influence over the Republican Party, but also the hard political realities in the House, where Republicans have only the barest of majorities and often find it difficult to find consensus without Trump's involvement.

Speaker Mike Johnson, R-La., effectively owes his job to Trump and has kept in constant contact with him during the negotiations, including during his overseas trip this week.

"He's excited about our forward progress," Johnson said. "You know, I keep him apprised of the developments, and he's had a busy time over there in the Middle East, and it's been good -- he's in good spirits and we're in good spirits."

The Republican bill runs a whopping 1,116 pages and includes more than $5 trillion in tax cuts, costs that are partially offset by spending cuts elsewhere and other changes in the tax code. The legislation would make permanent the tax cuts from Trump's first term while reducing funding for programs involving food assistance, college financing and environmental protection.

As talks over the bill have progressed, divisions have emerged among Republicans, particularly between fiscal hawks most concerned about federal deficits and others more focused on the impact of cuts back home.

That's where Trump usually comes in, playing the "closer" who turns no votes to yes.

"President Trump has gone out of his way to ask us: 'Are there any members you want me to call? Anybody that you want me to talk to?' And he calls them right then," said House Majority Leader Steve Scalise, R-La. "He's been incredibly hands-on and incredibly helpful at getting the bill to where it is."

Trump's involvement seems certain to grow as Johnson labors to get the tax package through the House by a self-imposed Memorial Day deadline.

Conservatives slowed the process Friday, refusing to advance the tax package out of the House Budget Committee until it includes faster implementation of Medicaid changes and a more wholesale repeal of Biden-era green energy credits. They vowed to hold firm until their demands are met.

Trump took notice, applying pressure even before the gavel went down on the failed committee vote.

"We don't need 'GRANDSTANDERS' in the Republican Party," Trump wrote on social media. "STOP TALKING, AND GET IT DONE!"

Negotiations were expected to stretch through the weekend, with the Budget Committee reconvening late Sunday night in hopes of a breakthrough.

Rep. Mike Rogers, R-Ala., chairman of the House Armed Services Committee, predicted the tax package will ultimately get over the finish line once Trump -- just returning from a tour of the Middle East -- starts making calls to skeptical lawmakers.

"You may have noticed he likes talking on the telephone," Rogers said.

Added Rep. Tim Burchett of Tennessee, "I think the only way we're going to get on track with it is with Trump."

The close coordination with Republican leaders stands in stark contrast to Trump's first term, when the party first enacted a slew of personal and corporate tax breaks. Republicans quickly cobbled that tax package together in late 2017 after a disastrous attempt at fulfilling their central campaign promise -- repealing and replacing the Affordable Care Act, often referred to as Obamacare.

This time, White House aides have been in regular contact with GOP lawmakers as the tax bill progresses through drafts and markups, highlighting programs they aim to overhaul and provisions they'd like to add or cut.

The president "is much more engaged in directing what happens than the first time because he and the leadership of Congress in 2017 were not seeing eye-to-eye," Scalise said. "He didn't necessarily want health care to be the first thing that was done, and yet it was. This time around we talked a lot before he was sworn in to make sure we were all on the same page."

Trump first began to set the course of the GOP's current legislative strategy back in January, when he posted to social media that Republicans should pass "one powerful bill" that would tackle all of the party's priorities instead of splitting the agenda into two packages.

Senate Republicans argued for a different approach. They urged quick passage of a bill to provide billions for the Pentagon and Trump's immigration clampdown, saying a second tax package could wait until later.

Trump wavered for a time, giving Republicans on Capitol Hill mixed signals over the best approach. But his original preference for one bill won out in the end, in part because House Republicans insisted their chamber could not do it any other way.

Democrats uniformly oppose the package but have little power to stop it from becoming law if Republicans remain unified. As they continue to grapple with the party's losses in last year's election, Democrats have worked to mobilize public opposition to the bill, decrying it as a giveaway to the rich paid for with cuts to healthcare and other social services.

Rep. Pramila Jayapal, D-Wash., called it "one big, beautiful betrayal."

Republicans, meanwhile, are eager to press ahead and get the tax package to the Senate, with hopes of getting it on Trump's desk by the Fourth of July.

Burchett said that while "everybody rises up in righteous indignation" over the details, Republicans will start "coming to the table" once Trump is fully engaged.

"It's like an NBA basketball game right now," Burchett said. "Don't watch the game. Just wait till the last two minutes and then turn on the TV."

___

Associated Press writer Kevin Freking contributed.

Continue Reading...

Popular

A Monster Plan for Homebuilding - Ad

It won't rise from the sea, but a planned monster-sized factory could shake a ~$5T market. BOXABL uses assembly lines to build homes in hours -- earning 190,000+ reservations* from potential buyers. Now, they're prepping for Phase 2, where modules can be configured into larger townhomes, single-family homes, and apartments.

China's factory activity contracts in May, but there are signs of improvement

BEIJING (AP) — China’s factory activity contracted in May, according to an official survey released on Saturday, although the decline slowed from April as the country with the U.S. to slash President Donald Trump's .

South Korean presidential election roiled by coffee beans, Chanel bags and room salon

SEOUL, South Korea (AP) — South Korea’s presidential race has devolved into personal attacks and petty disputes, drowning out meaningful policy debate after former conservative leader over his martial law fiasco.

Nvidia's Plan to Dominate the World of Robotics ... - Ad

Robots just had a coming-out party in Las Vegas. From household helpers to rescue bots, they're now essential-not just novelties. Forbes says it's a $24T opportunity. And Nvidia's CEO says one $7 stock is key to building the world's first trillion-dollar robot.

Stellantis names Italian car executive Antonio Filosa its new CEO

MILAN (AP) — , the , named Italian auto executive Antonio Filosa as its new chief executive officer Wednesday, replacing , who resigned under pressure last year.

Major Copper-Nickel Discovery on the Move - Ad

Copper is called the new oil, with prices hitting decade highs. One junior has two strategic copper-nickel assets already producing high-grade results. Institutions and strategic investors are all in.

Peter Schiff Says He's The One Who 'Best Understands' Bitcoin, Gets Ready To Wow Participants At Crypto Conference With 'Modest Booth'

Economist Peter Schiff announced Monday his participation in the three-day Bitcoin (CRYPTO: BTC) 2025 conference in Las Vegas to present “contrarian opinions” on the apex cryptocurrency.

The Most Important "AI Stock" You've Never Heard Of - Ad

The AI revolution is moving faster than anyone expected. But what no one is talking about is the one company AI simply can't exist without. It may be the single most important AI investment, yet most people don't even know its name. For now. The moment Wall Street catches on, this $20 stock could explode.

Trump Takes Aim at Taylor Swift: 'No Longer Hot' — Slams 'Washed Up' Bruce Springsteen

In a social media outburst this week, President Trump targeted music icons Taylor Swift and Bruce Springsteen, as well as the Supreme Court.

Trump holding Pennsylvania rally to promote deal for Japan-based Nippon to 'partner' with US Steel

HARRISBURG, Pa. (AP) — President Donald Trump is holding a rally in Pennsylvania on Friday to celebrate a details-to-come deal for Japan-based Nippon Steel to invest in U.S. Steel, which he says will keep

The Biggest Banker In America Sounds the Recession Alarm - Ad

JPMorgan Chase CEO Jamie Dimon just confirmed it: a U.S. recession is now likely. But what's not being said? This may be no accident. Trump could be triggering it to force an economic reset. If you're not ready, your portfolio and retirement could take the hit. Time is short.

Supreme Court declines to reinstate independent agency board members fired by President Donald Trump

WASHINGTON (AP) — The conservative majority on Thursday said President Donald Trump likely has the authority to fire board members, endorsing a robust view of presidential power.

AstraZeneca Highlights Significant Gains Across Three Major Cancer Trials At ASCO

AstraZeneca reports major survival benefits in breast and gastric cancer trials with Enhertu, Imfinzi, and camizestrant at ASCO 2025.

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend -- twice featured on 60 Minutes -- predicts that "Amazon Helios" will be bigger than all of those... COMBINED.

Trump's Plan To 'Rip The Waste Out' Means End Of The Road For The Penny, But What Happens When Cash Totals Jump To The Next Nickel

The U.S. Treasury will stop minting pennies next year after 233 years. Retailers can still accept them, but will have to round transactions to the nearest nickel. Other countries have done the same without inflation. But will the change be seamless?

A Historic Gold Announcement Is About to Rock Wall Street - Ad

The greatest investor of all time is about to validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent - and four tiny miners could be your ticket to 100X gains.

Michael Burry Makes Major Portfolio Shift, Holding Only One Asset He Deems 'Recession-Proof'

Renowned hedge fund manager Michael Burry has made a substantial alteration to his portfolio, maintaining only one bullish position.

Apple Stock Lags Behind Peers — Here's What Wall Street Says About the Dip

Apple has experienced a turbulent year, with its stock value decreasing by 20% since the start of the year.

The Countdown To Recession Has Begun - Ad

Alarm bells are blaring: 46 economists now say there's a 47% chance of a U.S. recession-nearly double from weeks ago. But what few admit is this downturn may be intentional. Trump could be forcing a hard reset. If this "Recession Purge" hits, those unprepared may be crushed financially.

Only 3 Mag 7 Stocks Pass Peter Lynch's Favorite Valuation Test - Tesla Isn't One of Them

Lynch's PEG ratio helps identify true growth stocks, Mag 7 of Apple, Amazon, Alphabet, Microsoft, Meta, Nvidia, Tesla evaluated, only 3 pass.

Crypto crime spills over from behind the screen to real-life violence

HARTFORD, Conn. (AP) — A man says he was tortured for weeks in a New York townhouse. Another in Paris was held for ransom and his finger cut off. A couple in Connecticut were carjacked, beaten and thrown into a van.

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

Nvidia Is About to Shock the World: July 23rd - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: July 23rd! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

Trump's Tariffs In Court, Summers' Stark Warning, US-China Stalemate, And Wood's Reaganomics Comparison: This Week In Economics

A federal judge blocked Trump's emergency tariff powers as economic tensions escalated, with Larry Summers warning of a looming fiscal crisis, Japan unveiling stimulus to counter U.S. tariffs, U.S.-China trade talks stalling, and Cathie Wood likening Trump's policies to "Reaganomics on steroids."

This Could Be the Perfect Copper Play Right Now - Ad

Copper prices surge as global supply cracks. One junior mine developer controls 24.7M tonnes of high-grade copper-nickel (Inferred) at its flagship mine-backed by big money and aggressive drilling.

Nvidia, AMC, PDD Holdings, Trump Media And Tesla: Why These 5 Stocks Are On Investors' Radars Today

U.S. markets closed higher on Tuesday, with the S&P 500 ending the day 2.05% higher at 5,921.54, while the Dow Jones Industrial Average rose 1.8% to 42,343.65. The Nasdaq also spiked nearly 2.5% to 19,199.16. These are the top stocks that gained the attention of retail traders and investors throughout the day:

Trump's big tax bill has passed the House. Here's what's inside it

WASHINGTON (AP) — House Republicans early Thursday took a major step forward on President Donald Trump’s agenda, approving a legislative package that combines tax breaks, spending cuts, border security funding and other priorities.

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire" - Ad

Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.

Tomorrow's Energy Crisis? MIT's Alarming Analysis of AI Power Consumption

As the energy demands of AI mount, MIT finds urgent steps must be taken to align innovation with sustainability.

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs! - Ad

Trump just launched a $1 trillion National Investment Fund to replace income taxes and send direct payouts to Americans. You could claim up to $21,307--before the first public checks go out. This is historic. Act now to be first in line.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service