Jon Stewart ridicules President Trump's effort to stage a military parade reminiscent of North Korea's
"The Daily Show" host Jon Stewart satirized the turnout for President Donald Trump's much-hyped military parade by contrasting it with the larger crowds at US anti-Trump protests.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Newsweek
9 minutes ago
- Newsweek
No Tax on Overtime, Tips Changed in Senate Bill: What To Know
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. President Donald Trump's no tax on tips and overtime pay policy was one of his most popular pledges during the 2024 election campaign, and lawmakers in Congress are working to make his plans a reality. The promise is included in the One Big Beautiful Bill Act, the sprawling budget bill that outlines Trump's economic agenda, which has been amended by Senate lawmakers this week. While the total removal of these income tax requirements is not on the table, Republicans have proposed letting workers deduct their reported tip and overtime income from their federal income taxes—with the House and Senate considering slightly different ways of implementing the policies. Why It Matters Nixing federal income taxes on overtime and tipped income was one of Trump's top policy promises during his 2024 election campaign, an idea that has also been embraced by Democrats. It could affect millions of workers across the U.S. What To Know The Senate Finance Committee's proposal would limit tax breaks on tipped income and overtime pay. The House version allowed deductions on income up to $160,000 annually. The Senate plan offers the same $25,000 deduction, but would begin to phase out for single filers earning, with a modified adjusted gross income, $150,000, and couples over $300,000. The list of occupations that will be permitted to deduct tips from their federal income taxes would need to be published within 90 days of the rule becoming law: it is expected to include most service workers. Stock image of money and a receipt on a restaurant table. Stock image of money and a receipt on a restaurant table. GETTY For overtime pay, Senate Republicans also propose a $12,500 deduction for single filers, doubled to $25,000 for joint tax returns. This would also phase out at the same levels as the tips policy. Both plans would still be subject to FICA taxes, which pay for Social Security and Medicare, and both would be in place from 2025 to 2028. What People Are Saying Javier Palomarez, founder and CEO of the United States Hispanic Business Council, told Newsweek the policy could "unintentionally amplify tipping fatigue." "If consumers perceive that service workers are receiving an additional government benefit, they may become less inclined to tip, or tip less, especially amid growing backlash to the seemingly common tipping prompts, e.g., at counter-service or self-checkout. Consumers' mindsets could shift, viewing the policy as a substitute for their personal responsibility to tip generously." Republican Mike Crapo, Idaho Senator and U.S. Senate Finance Committee chairman, said the bill "delivers additional tax relief to middle-class families still recovering from record inflation under the [Joe] Biden administration. "It powers the economy by permanently extending critical pro-growth provisions and introduces new incentives for domestic investment, providing certainty for American job creators to spur domestic economic activity and invest in their workers." The University of Colorado's Nicole Lazzeri, a teaching assistant professor of accounting at the Leeds School of Business, told CU Boulder Today: "When you look under the hood, it gets a little more complicated. The current version of this proposal—the one included in what's been dubbed the "Big, Beautiful Bill"—doesn't actually remove all taxes on tips. "It lets workers deduct their reported tip income from their federal income taxes, but tips would still be subject to payroll taxes—that's Social Security and Medicare, the 7.65 percent that's taken out of every paycheck. So yes, it would help some workers. But not as much as it might seem. What Happens Next If enacted, the changes would take effect from 2026 through 2028. The modified bill will first be debated by the Senate and return to the House for a final vote before Trump can sign it into law.
The Hill
10 minutes ago
- The Hill
Trump knocks Macron over Israel-Iran ceasefire remarks
President Trump took a swipe at French President Emmanuel Macron on Tuesday morning, accusing his European counterpart of inaccurately suggesting he abruptly returned to Washington from the Group of Seven (G7) summit to bolster peace talks between Iran and Israel. 'Publicity seeking President Emmanuel Macron, of France, mistakenly said that I left the G7 Summit, in Canada, to go back to D.C. to work on a 'cease fire' between Israel and Iran. Wrong!' Trump wrote in a post on Truth Social. 'He has no idea why I am now on my way to Washington, but it certainly has nothing to do with a Cease Fire. Much bigger than that,' he added, echoing comments he made earlier on Air Force One. 'Whether purposely or not, Emmanuel always gets it wrong. Stay Tuned!' The exchange comes days after Israel launched a missile strike targeting Iranian nuclear facilities and missile sites, which killed several top military leaders. Iran hit back, launching a counterattack that has led to five consecutive days of warfare. During a press conference at the G7, Macron said 'There is indeed an offer to meet and exchange. 'An offer was made especially to get a ceasefire and to then kick-start broader discussions,' the French president continued. 'We have to see now whether the sides will follow.' Macron said last week that France would work with its partners to deescalate the conflict in the Middle East. He has also condemned Iran's nuclear program. Trump has maintained that he isn't working toward a ceasefire, despite calls from Republican donors to back Israel's assault on Iran. 'I have not reached out to Iran for 'Peace Talks' in any way, shape, or form. This is just more HIGHLY FABRICATED, FAKE NEWS!' Trump wrote in a Monday Truth Social post. 'If they want to talk, they know how to reach me,' he added at the time. 'They should have taken the deal that was on the table — Would have saved a lot of lives!!!' The president urged people to evacuate the capital of Tehran on Monday while hammering Iranian officials for not signing his proposed agreement that would dissolve the Islamic republic's nuclear program. 'AMERICA FIRST means many GREAT things, including the fact that, IRAN CAN NOT HAVE A NUCLEAR WEAPON. MAKE AMERICA GREAT AGAIN!!!' Trump wrote on his social platform. He has also not ruled out the possibility that the U.S. military could get involved.
CNN
11 minutes ago
- CNN
Footage shows dramatic moment Russian drone hits apartment building in Kyiv
Russian drone and missile attacks on Kyiv killed at least 14 people overnight, officials said, in the deadliest strikes on the capital in weeks. The strikes come as President Trump left the G7 summit in Canada early, meaning he will miss a key meeting with Ukrainian President Volodymyr Zelensky on the sidelines of the event.
