Trump Tax Bill to Boost Biden’s Chip Tax Credit to 30%

Published on June 17, 2025

The Senate’s draft tax bill calls for increasing an investment credit for semiconductor manufacturers, a potential boon for chipmakers that the Trump administration is urging to increase the size of their US projects.

Continue reading on website
Other news

Bigger Than Tariffs

June 17, 2025
Describes how what is happening to the economy is bigger than tariffs, it is the business cycle. It includes a comment on the FOMC meeting tomorrow, uses economic data up through this morning (retail sales), and includes a nice cartoon which can be used as a thumbnail (below).

More Central Banks Than Ever Plan to Build Up Their Gold Hoards

June 17, 2025
A record share of the world’s central banks plans to accumulate more gold over the next 12 months, drawn by bullion’s performance during times of crisis and protection against inflation.