logo
'How Does It Feel?': Jimmy Kimmel Gives Trump A Taste Of His Own Bitter Medicine

'How Does It Feel?': Jimmy Kimmel Gives Trump A Taste Of His Own Bitter Medicine

Yahoo30-05-2025
Jimmy Kimmel said President Donald Trump has changed his tariff policy so often that the process has been given a mocking new nickname: TACO.
That's short for 'Trump Always Chickens Out.'
'You're not gonna believe this,' Kimmel said. 'He doesn't like the nickname at all.'
TACO refers to how Trump frequently announces a new tariff, causing markets to crash, then backs off, causing them to rise again. Some investors have used it to make cash in a time of economic uncertainty.
Kimmel said Trump flipped out at a reporter who asked him about the name, calling it 'a nasty question.'
'But it seems to be catching on,' Kimmel said, then showed off some of his favorite TACO Trump chicken memes.
'How does it feel to be on the other end of the nickname game?' Kimmel asked. 'Not great, does it?'
Kimmel said there's only one way to make this even worse for Trump: 'If somebody changed the lyrics to a song by his beloved Village People to drive it home.'
Kimmel played a parody of 'Macho Man' ― a song Trump has frequently used at campaign events ― called 'Taco Man,' complete with a video to match.
Check it out in his Thursday night monologue:
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

This Trump critic wants Gloria Gaynor to turn down Kennedy Center Honors
This Trump critic wants Gloria Gaynor to turn down Kennedy Center Honors

USA Today

timea few seconds ago

  • USA Today

This Trump critic wants Gloria Gaynor to turn down Kennedy Center Honors

President Donald Trump's Kennedy Center Honors selections are set, but one critic is urging a recipient to turn it down. Trump announced the five honorees on Wednesday, Aug. 13: Sylvester Stallone, George Strait, Michael Crawford, KISS and Gloria Gaynor. But in an Instagram post Aug. 14, "The View" Co-host Ana Navarro called on Gaynor, in particular, to reject the honor. Navarro recalled meeting the "I Will Survive" singer at a Miami concert, where she was gifted a keychain that played the iconic disco anthem. She said during the "first Trump term, I pressed it til it ran out of batteries." "Look, the woman is a goddess and deserves all the flowers that come her way," Navarro, 53, added. "But I wish she wouldn't accept an award from the hands of a man who has attacked the rights and history of women, people of color and LGBTQ (people)." The political strategist continued: "The gay community, in particular, helped turn her signature song into an anthem. Trump is a stain on the prestige and significance of the KCH. Don't do it, Gloria!" Trump, who named himself chairman of the Kennedy Center earlier this year, said he was pretty involved in the selection process and also plans to host the honors after organizers allegedly begged him to fill the role, arguing he would bring better ratings. KISS frontman Gene Simmons, who has previously called out the president, said he was "deeply honored" by the recognition, according to a statement to TMZ that was confirmed by Billboard. Singer and guitarist Paul Stanley added the honor "cannot be overstated," while former guitarist Ace Frehley called it a "dream come true that I never thought would materialize." KISS' former drummer Peter Criss said, "I feel so blessed. This is the greatest honor of our career." The show will air later this year on CBS. In February, Trump announced a massive overhaul at the Kennedy Center, which included the termination of multiple board of trustees members, including Chairman David Rubenstein. In his remarks on Aug. 13, the president reiterated the desire to restore the center to what he saw as its former glory and to end its elevation of "woke" material. Contributing: Anna Kaufman

Tax reform in action: What Charlotte's construction, law and A&E firms need to know
Tax reform in action: What Charlotte's construction, law and A&E firms need to know

Business Journals

timea few seconds ago

  • Business Journals

Tax reform in action: What Charlotte's construction, law and A&E firms need to know

There's no doubt that Charlotte businesses will be impacted by P.L. 119-21, Republicans' 'One Big Beautiful Bill Act,' which was recently signed into law. The sweeping domestic policy legislation reflects key elements of President Trump's agenda, including the extension of existing as well as creation of new tax relief measures, changes to energy policy, increased funding for national defense and immigration enforcement, reductions in Medicaid and SNAP benefits, and an increase to the debt limit. The Bill includes the extension of many Tax Cuts and Jobs Act (TCJA) provisions, new tax relief measures, limitations on both individual and business deductions, changes to central international tax provisions and the curtailment of certain Inflation Reduction Act (IRA) incentives. Provisions have varying effective and expiration dates, with some, but not all, provisions enacted on a permanent basis. We'll briefly discuss a few of the tax provisions that are relevant to the construction, real estate and professional services industries, but you can refer to the in-depth article on Cherry Bekaert's website to explore the full scope of changes introduced in the 2025 Final Budget Reconciliation Bill. 2025 Tax Reform and Percentage-of-Completion Accounting: What Construction and Real Estate Firms Need To Know The 2025 tax reform introduces significant changes to the rules governing percentage-of-completion method (PCM) accounting. These changes affect how construction and real estate firms recognize revenue, particularly for residential projects. By redefining key terms and eliminating certain exceptions, the legislation reshapes the tax landscape for contractors and developers. Redefining the PCM Exception: From Home to Residential Construction Contracts One of the most notable changes is the redefinition of the exception to percentage-of-completion accounting. Previously limited to "home construction contracts" for dwellings with four or fewer units, allowing builders to defer income using the completed contract method, it now applies to "residential construction contracts." This broader category includes multi-family housing such as apartments and condominiums, expanding eligibility for PCM relief and offering greater flexibility to developers and contractors beyond single-family projects. Elimination of the Special Rule for Residential Construction Contracts The reform also eliminates the special rule under IRC Section 460(e)(4), which previously allowed certain residential construction contracts to use methods other than PCM even if they didn't meet the general exception criteria. This removal narrows the flexibility available to contractors and may require a shift in accounting practices for firms that previously relied on this provision. Alternative Minimum Tax (AMT) Exception Updated to Match Residential Construction Contract Definition In addition to changes under IRC Section 460, the legislation aligns the AMT exception with the new 'residential construction contract' definition. This ensures consistency across tax regimes and simplifies compliance, but it also means that firms must reassess their AMT exposure under the new framework. Law Firms: Entity Structure and Partner Planning in Focus Law firms, especially those structured as partnerships or S corporations, can benefit from the permanent extension of the Section 199A deduction, but specified service trades or businesses (SSTBs) still face limits above certain income levels, making entity structure and income planning crucial. The restored EBITDA limitation under Section 163(j) improves interest deductibility for partner buy-ins and expansion strategies, enhancing after-tax cash flow and capital flexibility. A temporary increase in the State and Local Tax (SALT) deduction cap provides some relief in high-tax areas, though pass-through entity tax (PTET) elections still need careful coordination. Architecture and Engineering: Capital Investment Gains but 179D Loss Looms Large A&E firms are well-positioned to capitalize on the reinstated 100% bonus depreciation and expanded Section 179 expensing cap. These provisions support investment in qualifying design software, modeling tools and infrastructure upgrades. However, the termination of Section 179D, a deduction for energy-efficient commercial building design, represents a significant loss. For years, 179D has served as a valuable incentive for A&E firms working on government and nonprofit projects, particularly those focused on sustainability and LEED certification. Business Consulting: Innovation, Equity Planning and Talent Strategy The restoration of the EBITDA-based limitation under Section 163(j) noted above is especially impactful for consulting firms with private equity backing or leveraged growth strategies. It increases the amount of deductible interest, improves tax efficiency, and supports more aggressive investment in expansion and innovation. Your Guide Forward To learn more about how the final reconciliation bill could impact your business or individual tax situation, reach out to a knowledgeable Cherry Bekaert advisor. Upcoming Webinars Please join Cherry Bekaert's six-part webinar series Tax Horizons: Planning Ahead After the Reconciliation Bill, where we explore the reconciliation bill in more detail and deliver insights that will help you adjust to changes in the tax landscape. Cherry Bekaert, ranked among the largest assurance, tax and advisory firms in the U.S., serves clients across industries in all 50 U.S. states and internationally.

Appeals court allows Trump administration to resume CFPB dismantling
Appeals court allows Trump administration to resume CFPB dismantling

The Hill

timea few seconds ago

  • The Hill

Appeals court allows Trump administration to resume CFPB dismantling

A federal appeals court panel on Friday overturned a judge's block on the Trump administration's dismantling of the Consumer Financial Protection Bureau (CFPB), paving the way for mass layoffs to resume. The U.S. Court of Appeals for the District of Columbia Circuit panel voted 2-1 that employee unions and groups that use CFPB services have no right to bring their challenge in federal court. It lifts a block that for months has prevented the CFPB from conducting planned layoffs affecting at least 80 percent of the bureau's remaining workforce and terminating contracts. 'If the plaintiffs' theory were viable, it would become the task of the judiciary, rather than the Executive Branch, to determine what resources an agency needs to perform its broad statutory functions,' wrote U.S. Circuit Judge Gregory Katsas, a Trump appointee. Katsas was joined in the majority by U.S. Circuit Judge Neomi Rao, also a Trump appointee. U.S. Circuit Judge Cornelia Pillard dissented, calling the decision 'untenable.' 'The notion that courts are powerless to prevent the President from abolishing the agencies of the federal government that he was elected to lead cannot be reconciled with either the constitutional separation of powers or our nation's commitment to a government of laws,' Pillard, who was appointed to the bench by former President Obama, wrote. The CFPB became an early target of former White House aide Elon Musk as the Department of Government Efficiency (DOGE) sought to reshape the federal bureaucracy, agency by agency. Office of Management and Budget (OMB) Director Russell Vought was tapped by President Trump to serve as CFPB's acting director, where he quickly looked to dismantle the agency that was established following the 2008 financial crisis. Vought stopped the CFPB from drawing down more funding and took other drastic steps, including issuing stop work orders, cancelling the lease of the agency's headquarters and planning mass layoffs. In March, U.S. District Judge Amy Berman Jackson barred the administration from moving forward and required that fired employees be reinstated. She also ordered some cancelled contracts be restored. The judge's ruling came in response to a lawsuit brought by two union s that represent CFPB employees, the National Treasury Employees Union and the CFPB Employee Association. They sued alongside the National Association for the Advancement of Colored People, the National Consumer Law Center and the Virginia Poverty Law Center, which use CFPB's services. Eva Steege, a Lutheran pastor given months to live by her doctors, also joined. Steege raised concerns she couldn't discharge her student loan debt before her death because the CFPB cancelled her meeting with the student loan ombudsman's office in the wake of the dismantling. Steege died March 15.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store