Where in US will Indian-Americans save big with Trump's new law
Notably, real wages refer to the income a person earns after adjusting for inflation, reflecting their actual purchasing power.California tops the chart for real wage gains, with inflation-adjusted increases ranging from $4,900 to $8,800 over the next 4 years, followed by Washington, where projected gains fall between $4,700 and $8,400.The announcement by the White House comes even as there is rising public discontent over the law, with tens of thousands expected to participate in coordinated "Good Trouble Lives On" protests across 1,600 locations, opposing the administration's positions on immigration, women's rights, healthcare, and civil liberties.For Indian Americans, the bill's long-term impact is of particular interest.It must be noted that Indian Americans represent 21% of the total Asian American population and are among the highest-earning demographic groups in the country, according to a Pew Research Centre report published on May 1.In 2023, Indian-headed households recorded a median income of $151,200, with immigrant-led households earning an even higher median of $156,000, compared to $120,200 for US-born Indian Americans, the report said.Personal earnings for Indian Americans aged 16 and older averaged $85,300, well above the overall Asian American average of $52,400, the report also said.A UC Berkeley AAPI Data report reveals the highest concentrations of Indian Americans are in California (902,621), Texas (507,479), New Jersey (432,883), New York (431,368), and Illinois (276,519).Here is how they will benefit:CALIFORNIAHome to over 900,000 Indian Americans, California could see annual real wage gains of workers between $4,900 and $8,800 (approx. Rs 4.22 lakh to Rs 7.58 lakh), by an inflation-adjusted range over the next 4 years, while a typical family of four may take home $8,500 to $12,500 more (approx. Rs 7.32 lakh to Rs 10.76 lakh) annually, compared to if the new law wasn't passed.advertisementWith 4% of the labour force in tip-based industries, service workers – especially in hospitality and ridesharing – are set to benefit from the no-tax-on-tips provision.The bill is also expected to protect 737,000 jobs in the state. With 19% of employees regularly working overtime, many could also benefit from the no-tax-on-overtime clause.TEXASTexas, home to over 500,000 Indian Americans, sees comparable gains. Workers are projected to receive an annual real wage boost of $3,900 to $6,900 (approx. Rs 3.36 lakh to Rs 5.95 lakh), by an inflation-adjusted range over the next 4 years.Families of four may retain $7,500 to $10,700 more (approx. Rs 6.46 lakh to Rs 9.21 lakh) in take-home pay, compared to if the new law wasn't passed.The no-tax-on-tips benefit is expected to support about 5% of the workforce, while 27% could gain from the no-tax-on-overtime rule.An estimated 580,000 jobs are set to be protected across the state.NEW JERSEYIn New Jersey, which has a population of over 430,000 Indian Americans, the law provides substantial relief. Workers could see annual gains of $5,000 to $9,000 (approx. Rs 4.31 lakh to Rs 7.75 lakh), by an inflation-adjusted range over the next 4 years; while families may retain an extra $8,600 to $12,700 (approx. Rs 7.41 lakh to Rs 10.94 lakh) each year, compared to if the new law wasn't passed.advertisementAlso, 1.6 million seniors are likely to benefit from the tax exemption on Social Security.The overtime exemption is also relevant here: 21% of workers log extra hours, and 60% hold jobs eligible for overtime.The bill could protect 179,000 jobs statewide.NEW YORKIn New York, home to over 430,000 Indian Americans, workers may see annual wage increases of $4,400 to $8,000 (approx. Rs 3.79 lakh to Rs 6.89 lakh), by an inflation-adjusted range over the next 4 years.A family of four could gain an additional $8,000 to $11,700 (approx. Rs 6.89 lakh to Rs 10.08 lakh) in take-home pay, compared to if the new law wasn't passed.The state's 3.3 million seniors are also expected to benefit from the tax-free Social Security provision.With 22% of employees working overtime and 62% holding jobs likely eligible for it, the overtime exemption may affect a majority.The Act is also expected to protect 405,000 jobs in New York.ILLINOISIn Illinois, which has over 275,000 Indian Americans, workers could receive annual wage increases between $4,000 and $7,200 (approx. Rs 3.45 lakh to Rs 6.20 lakh), by an inflation-adjusted range over the next 4 years.advertisementMeanwhile, a typical family of four may gain an extra $7,600 to $11,000 (approx. Rs 6.55 lakh to Rs 9.47 lakh) annually, compared to if the new law wasn't passed.Roughly 2 million seniors in the state could benefit from tax-free social security, and the bill is projected to protect 252,000 jobs statewide.The Big Beautiful Bill's long-term impact remains to be seen. However, if the promised benefits of the legislation are realised as outlined, the Indian American population could see notable gains.- EndsTune In
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Indian Express
9 minutes ago
- Indian Express
Meat to fish to dairy: A Barnala farmer's unconventional road to being a crorepati
For 51-year-old Manjit Singh from Alkara village in Barnala district, it has always been about believing in his roots. At a time when his peers were looking at jobs and avenues to reach foreign soil to earn some extra money and live a good life, he not only chose to stay closer home but also gained from tilling the right soil. 'I tell every farmer in Punjab that if you sincerely dedicate even four hours per day to your fields, you will never face losses. There will be no debt, and you'll never need to chase dollars abroad,' he says. Back in 1991, after completing his 10+2, Manjit opened a small medical store in his village. He ran it for four years, but his heart was with farming. At that time, his family owned around 2.5 killas (2.5 acres), which was not enough to make a decent living from conventional wheat and paddy cultivation. So, he took a bold step. He shut down the shop and converted his modest land into a fish pond. 'I worked very hard, spending all my time at the fish farm. I also started a small dairy and began leasing additional land for seasonal crops,' he recalls. What began as a small fish farming project gradually expanded into a thriving and diversified agricultural venture. Today, Manjit owns 13 acres, a dairy farm, a poultry farm, and leases an additional 60 acres annually at Rs 82,000 per acre, and earns over Rs 1 crore a year — net profit, after all expenses. But it's not just the scale that defines Manjit Singh's success, it's his focus on smart resource integration. In 2011, he ventured into poultry farming. 'The cost of fish feed was rising, so I decided to let nature help me,' he says. He began a poultry farm just in a corner of his fish farm using hen droppings as an organic feed source for the fish. 'My hens are raising my fishes,' he proudly adds. 'Their waste has replaced expensive fish feed — it's both efficient and organic —to a large extent.' Explaining the science behind it, Manjit says hens are typically fed a diet of corn, wheat, barley, soybean meal, and fish meal. Their droppings, rich in nutrients, promote the growth of algae in the pond, which becomes a natural food source for the fish. 'Also, any feed dropped undigested or spoiled by the hens often falls directly into the pond, where the fish consume it,' he says. His poultry shed, housing around 1,000 hens at any given time, is located right above the fish ponds. 'My fish pond has several varities of fishes which are in a great demand and I never found any marketting issue and similar is the case with my poultry farm. Around 1000 eggs are sold from here daily,' he says. In another smart innovation, the nutrient-rich fish pond water — about 15-20% of which is changed every few weeks — is used to irrigate his fields. 'This water not only saves me on irrigation costs but also acts as a natural fertilizer for the crops,' he explains. 'It's a complete system where everything supports everything else, and nothing goes to waste.' 'This integrated farming model — combining fish, poultry, and crop cultivation — has not only increased his productivity but also significantly reduced input costs,' said Rajinder Kaur, scientist with Krishi Vigyan Kendra (KVK), Barnala, adding that Manjit's farm is a successful and sustainable example of integrated farming which made him a medium large farmers from a small farmer. Besides fish and poultry, which together bring in a profit of Rs 15 to Rs 20 lakh annually after expenses, Manjit also runs a dairy farm with over 20 buffaloes. The dairy contributes to an additional Rs 7–8 lakh to his income, further strengthening his diversified and resource-efficient approach to farming. In addition to livestock and fishery, Manjit cultivates three crops a year — Basmati/paddy, potatoes, and spring maize — on 70 acres, including 10 acres of his own. He pays an annual rent of Rs 49.2 lakh for the 60 acres he leases. After covering all input costs, his net profit from crop cultivation alone comes to around Rs 80-Rs 85 lakh annually. 'Farming has given me everything,' he says. 'From less than 3 acres, I now own 13 acres. It helped educate my children, both in India and abroad, gave me a palatial house, and kept me free of debt.' Manjit takes pride in being hands-on. 'Many farmers today don't step into their fields. They rely too much on others and end up in debt. I've never taken a loan. My hard work on a small piece of land brought me here.' Despite his financial success, he leads a simple, grounded life. 'I've never even seen Delhi, forget Canada. My Canada is right here — in these fields,' he says.
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9 minutes ago
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First Post
9 minutes ago
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Did money or politics cause Colbert cancellation? Either way, the economics are tough for TV
As recently as 2018, broadcast networks took in an estimated $439 million in advertising revenue for its late-night programs, according to the advertising firm Guidelines read more CBS says its decision to end Stephen Colbert's late-night comedy show is financial, not political. Yet even with the ample skepticism about that explanation, there's no denying the economics were not working in Colbert's favor. The network's bombshell announcement late Thursday that the 'Late Show' will end next May takes away President Donald Trump's most prominent TV critic and the most popular entertainment program in its genre. The television industry's declining economic health means similar hard calls are already being made with personalities and programming, with others to be faced in the future. For the late-night genre, there are unique factors to consider. STORY CONTINUES BELOW THIS AD As recently as 2018, broadcast networks took in an estimated $439 million in advertising revenue for its late-night programs, according to the advertising firm Guidelines. Last year, that number dwindled to $220 million. Once a draw for young men, now they've turned away Late-night TV was a particular draw for young men, considered the hardest-to-get and most valuable demographic for advertisers. Increasingly, these viewers are turning to streaming services, either to watch something else entirely or catch highlights of the late-night shows, which are more difficult for the networks to monetize. More broadly, the much-predicted takeover of viewers by streaming services is coming to pass. The Nielsen company reported that during the last two months, for the first time ever, more people consumed programming on services like YouTube and Netflix than on ABC, CBS and NBC or any cable network. Networks and streamers spent roughly $70 billion on entertainment shows and $30 billion for sports rights last year, said Brian Wieser, CEO of Madison & Wall, an advertising consultant and data services firm. Live sports is the most dependable magnet for viewers and costs for its rights are expected to increase 8% a year over the next decade. With television viewership declining in general, it's clear where savings will have to come from. STORY CONTINUES BELOW THIS AD Wieser said he does not know whether Colbert's show is profitable or not for CBS and parent company Paramount Global, but he knows the direction in which it is headed. 'The economics of television are weak,' he said. In a statement announcing the cancellation, George Cheeks, Paramount Global's president and chief executive officer, said that 'This is purely a financial decision against a challenging backdrop in late night. It is not related in any way to the show's performance, content or other matters happening at Paramount.' Cheeks' problem is that not everyone believes him. Colbert is a relentless critic of Trump, and earlier this week pointedly criticized Paramount's decision to settle Trump's lawsuit against CBS over a '60 Minutes' interview with Kamala Harris. He called Paramount's $16 million payment to Trump a 'big fat bribe,' since the company is seeking the administration's approval of its merger with Skydance Media. On Friday, the Writers Guild of America called for an investigation by New York's attorney general into whether Colbert's cancellation is itself a bribe, 'sacrificing free speech to curry favor with the Trump administration as the company looks for merger approval.' STORY CONTINUES BELOW THIS AD CBS' decision made this a pivotal week for the future of television and radio programming. Congress stripped federal funding for PBS and NPR, threatening the future of shows on those outlets. Journey Gunderson, executive director of the National Comedy Center, called the decision to end Colbert's show the end of an era. 'Late-night television has historically been one of comedy's most audience-accessible platforms — a place where commentary meets community, night after night,' Gunderson said. 'This isn't just the end of a show. It's the quiet removal of one of the few remaining platforms for daily comedic commentary. Trump, who has called in the past for CBS to terminate Colbert's contract, celebrated the show's upcoming demise. 'I absolutely love that Colbert got fired,' the president wrote on Truth Social. 'His talent was even less than his ratings.' Some experts questioned whether CBS could have explored other ways to save money on Colbert. NBC, for example, has cut costs by eliminating the band on Seth Meyers' late-night show and curtailing Jimmy Fallon's 'Tonight' show to four nights a week. STORY CONTINUES BELOW THIS AD Could CBS have saved more money by cutting off the show immediately, instead of letting it run until next May, which sets up an awkward 'lame duck' period? Then again, Colbert will keep working until his contract runs out; CBS would have had to keep paying him anyway. CBS recently cancelled the 'After Midnight' show that ran after Colbert. But the network had signaled earlier this year that it was prepared to continue that show until host Taylor Tomlinson decided that she wanted to leave, noted Bill Carter, author of 'The Late Shift.'
