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India Today
4 days ago
- Business
- India Today
Where in US will Indian-Americans save big with Trump's new law
US President Donald Trump's One Big, Beautiful Bill Act, signed into law on July 4, is projected to bring significant financial savings for Americans through tax cuts and wage-related provisions. Among those likely to benefit meaningfully are 5.2 million Indian Americans, one of the fastest-growing and most economically influential immigrant communities in the White House said the bill will boost real wages, increase take-home pay, and offer tax exemptions on overtime, tips, and Social Security Trump administration on Tuesday released an interactive map outlining projected state-by-state savings, with data on income gains, tax relief, and job protection tailored to each state's population, compared to if the bill had not been passed and signed into law. Notably, real wages refer to the income a person earns after adjusting for inflation, reflecting their actual purchasing 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, 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 Indian Americans, the bill's long-term impact is of particular 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 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 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 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 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 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 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 no-tax-on-tips benefit is expected to support about 5% of the workforce, while 27% could gain from the no-tax-on-overtime estimated 580,000 jobs are set to be protected across the 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 1.6 million seniors are likely to benefit from the tax exemption on Social overtime exemption is also relevant here: 21% of workers log extra hours, and 60% hold jobs eligible for bill could protect 179,000 jobs 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 state's 3.3 million seniors are also expected to benefit from the tax-free Social Security 22% of employees working overtime and 62% holding jobs likely eligible for it, the overtime exemption may affect a Act is also expected to protect 405,000 jobs in New 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 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 2 million seniors in the state could benefit from tax-free social security, and the bill is projected to protect 252,000 jobs 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
Straits Times
6 days ago
- Business
- Straits Times
Democrats' path to power Is ‘climate populism', US representative says
US Representative Yassamin Ansari said that getting rid of renewables 'is a mistake when you're talking about energy costs'. SEATTLE – Populist messages on climate change, including the potential for cleaner energy to lower electricity bills, are crucial as the Democrats seek to win back control of Congress in 2026's midterm election, according to Representative Yassamin Ansari. 'This climate populism message is one that we really need to lean into,' the Arizona Democrat said at the Bloomberg Green Seattle conference on July 15. 'When it comes to the cost of living, there is a clear connection between your utility prices and your energy costs and, in Arizona, your AC bills being higher than ever.' Republicans 'are entirely focusing our energy portfolio on oil and gas', explained Ms Ansari, warning that getting rid of renewables 'is a mistake when you're talking about energy costs'. Before entering Congress in 2025, Ms Ansari spent her career working on climate both internationally and locally. Now, she's spending much of her time calling out President Donald Trump's administration and the Republican-controlled Congress for cutting climate funding and rolling back climate policies. 'Some of the legislation in recent weeks, especially the Trump budget Bill – it represents some of the worst environmental rollbacks we've ever seen,' she said at the conference. Instead of focusing solely on the risks these Bills pose to the climate, Ms Ansari said Democrats should focus on how the legislation impacts people. Inflation ranks as one of the top three issues most concerning to Americans, while climate change ranks near the bottom, according to recent Pew Research Centre polling. The recent tax legislation signed into law by Mr Trump earlier in July, which pulls back federal support for new clean energy production, could cause electricity rates to increase between 9 per cent to 18 per cent by 2035, according to an analysis by the environmental think tank Energy Innovation. Top stories Swipe. Select. Stay informed. Singapore July BTO launch to have over 4,600 balance flats, 2 BTO projects with under than 3-year wait Singapore Acute psychiatry services to be expanded across all healthcare clusters: MOH Singapore 'Kpods broke our marriage, shattered our children': Woman on husband's vape addiction Business US tariffs may last well after Trump; crucial for countries to deepen trade ties: SM Lee Multimedia Telling the Singapore story for 180 years Asia Indonesia police detain 12 suspects over baby trafficking ring linked to Singapore Life Walking for exercise? Here are tips on how to do it properly Singapore 'Nobody deserves to be alone': Why Mummy and Acha have fostered over 20 children in the past 22 years Beyond focusing on the impacts the Bill will have, Ms Ansari said, Democrats need to refine their vision for the future. 'Now is a really important time for Democrats to plan when it comes to what is the legislation that we want to push forward when we have the House, and again when we have the trifecta' of both chambers of Congress and the presidency. Bloomberg
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Business Standard
6 days ago
- Business
- Business Standard
Global views of China, Xi improve as US, Trump ratings decline: Pew
Views of China and its leader Xi Jinping have improved in many countries worldwide, while those of the US and President Donald Trump have deteriorated, according to a new survey of about two dozen countries by the Pew Research Centre. Released Tuesday, the survey shows that international views of the two superpowers and their leaders are closer than since 2020. The results are a drastic departure from those in the past several years when the US and its leader then-President Joe Biden enjoyed more favourable international views than China and its president. In its latest survey of 24 countries, Pew found that the US was viewed more favourably than China in eight countries, China was viewed more favourably in seven, and the two were viewed about equally in the remainder. Pew did not provide definitive explanations for the shifts, but Laura Silver, associate director of research, said it's possible that views of a country may change when those of another superpower shift. "As the US potentially looks like a less reliable partner and people have limited confidence, for example, in Trump to lead the global economy, China may look different in some people's eyes," Silver said. Also, China's human rights policies and its handling of the pandemic which were related to negative views of the country in the past may not weigh as much this time, she said. A group of Democratic senators this week accused the Trump administration of ceding global influence to China by shuttering foreign aid programs, imposing tariffs on allies, cracking down on elite universities and restricting visas for international students. In the Pew findings, 35 per cent of those in 10 high-income countries surveyed consistently including Canada, France, Germany and Italy have favourable opinions of the US, down from 51 per cent from last year. By comparison, 32 per cent of them have positive views of China, up from last year's 23 per cent. And 24 per cent of them say they have confidence in Trump, compared with 53 per cent last year for Biden. Xi scored a slight improvement: 22 per cent of those in these rich countries say they have confidence in the Chinese president, up from last year's 17 per cent. However, people in Israel have far more favourable views of the U.S. than of China: 83 per cent of Israelis like the US, compared with 33 per cent who say they have positive views of China. And 69 per cent of them say they have confidence in Trump, while only 9 per cent express confidence in Xi. Pew surveyed more than 30,000 people across 25 countries including the US, which was excluded from the comparison from January 8 to April 26. The margins of error for each country ranged from plus or minus 2.5 to plus or minus 4.7.
India Today
6 days ago
- Business
- India Today
Pew Survey: Global views of China, Xi Jinping improve as US image declines
A new survey by the Pew Research Centre reveals a shift in global public opinion, with views of China and its leader Xi Jinping improving in several countries, while favorability toward the United States and President Donald Trump has notably on Tuesday, the survey suggests that global attitudes toward the two geopolitical superpowers are now more evenly matched than in recent years, marking a dramatic reversal from the Biden era, when international views of the US were consistently stronger than those of its latest survey of 24 countries, Pew found that the US was viewed more favourably than China in eight countries, China was viewed more favourably in seven, and the two were viewed about equally in the remainder. In particular, only 35% of respondents in 10 high - income countries — including Canada, France, Germany, and Italy-held a favourable opinion of the US, down from 51% just a year ago. Pew surveyed more than 30,000 people across 25 countries, including the US, which was excluded from the comparison from January 8 to April 26. The margins of error for each country ranged from plus or minus 2.5 to plus or minus the Pew Research Centre did not pinpoint a singular reason for the change, experts point to a combination of evolving geopolitical dynamics and perceptions of leadership. 'As the US potentially looks like a less reliable partner and people have limited confidence, for example, in Trump leading the global economy, China may look different in some people's eyes,' said Laura Silver, associate director of research at also noted that criticisms previously linked to China's global image, such as its human rights record or pandemic response, may be less influential this findings arrive as President Trump faces growing criticism over his administration's foreign policy decisions. A group of Democratic senators this week accused the administration of 'ceding global influence to China' through a series of policy moves, including cutting foreign aid, slapping tariffs on traditional allies, and tightening immigration policies affecting international the Pew findings, 35% of those in 10 high-income countries surveyed, consistently including Canada, France, Germany and Italy have favourable opinions of the US, down from 51% last year. By comparison, 32% of them have positive views of China, up from last year's 23%. And 24% of them say they have confidence in Trump, compared with 53% last year for scored a slight improvement: 22% of those in these rich countries say they have confidence in the Chinese president, up from last year's 17%.However, people in Israel have far more favourable views of the US than of China: 83% of Israelis like the US, compared with 33% who say they have positive views of China. And 69% of them say they have confidence in Trump, while only 9% express confidence in Xi.- Ends
South China Morning Post
6 days ago
- Business
- South China Morning Post
In Latin America poll, China grows in appeal though US remains preferred economic ally
Public attitudes toward China in parts of Latin America have become more positive compared to recent years, even though many in the region continue to view the United States as a more important economic partner, according to a new survey by the Pew Research Centre. The survey, conducted from January 8 to April 26, involved face-to-face interviews with 3,833 adults aged 18 and older in Mexico (1,243 respondents), Brazil (1,298) and Argentina (1,292). It is part of a broader study that covers 25 countries and examines views on China's influence, leadership and global role, as well as attitudes toward the US. Thus, the field research in all three countries was begun before US President Donald Trump returned to power on January 20, but ran past his announcement of far-reaching global 'reciprocal' tariffs on April 2. Favourable views of China have increased slightly in the region since 2024. In Mexico, the share of respondents with a positive opinion of China rose to 67 per cent, from 61 per cent last year. In Brazil, it rose to 66 per cent, from 63 per cent. In Argentina, the change was more pronounced, rising to 56 per cent, from 49 per cent. That regional rise in favourability sets Latin America apart from many wealthier nations, where views of China remain overwhelmingly negative. Across the 25-country survey, the global median share expressing a positive view of China is just 36 per cent. In high-income democracies, sentiment is particularly low – only 13 per cent of adults in Japan, 30 per cent in France and 32 per cent in Britain view China favourably.
