Tom Jenkins

“One Big Beautiful Bill” Explained: How America’s New Tax Law Reshapes Social Security, Overtime Pay, Car Loan Deductions, and 529 Plans

A major U.S. tax overhaul, officially titled the “One Big Beautiful Bill” (OB3), is set to change the way millions of Americans manage their finances. Signed into law earlier this year, the nearly 900-page legislation introduces adjustments to Social Security taxation, overtime pay deductions, vehicle loan interest write-offs, and 529 education savings accounts. Legal experts…

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BMW

Trump’s EU Tariff Deal Cuts Car Tariffs to 15%: What This Means for BMW and the Auto Industry

In a significant development for the auto industry, former U.S. President Donald Trump and European Union officials reached a new trade agreement aimed at easing tariff tensions between the two economic powerhouses. This deal notably reduces tariffs on most European Union goods, including new cars, from a steep 27.5% to 15%. While this reduction does…

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