Federal Funding Bill's Market Impact & Goodbye to the Penny?
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What impact will the new tax bill have on the economy?
Good morning, Brew Daily Show. I'm Neil Freiman. And I'm Toby Howell. Today, the House passed a sweeping tax bill. We'll tell you what it means for the economy and for your wallet.
Then RIP to the penny. The U.S. Treasury will stop minting one set coins in a matter of weeks. It's Friday, May 23rd. Let's ride.
If you're listening to today's episode on the Friday before Memorial Day weekend, well, you're committed to being informed. So why don't you prove it by coming to Morning Brew Daily's In Real Life trivia night on June 3rd, where you can create a team and compete against other listeners in what will be a really amazing night. Toby and I are hosting, of course, and we are hard at work writing questions that will entertain and delight. Plus, we can't wait to meet you all in person.
Here are the details. It's going to be in New York City, June 3rd. That's a Tuesday at 6pm at a very trendy bar in the East Village. We can't tell you the exact location on air. That comes when you sign up for the event, which you can do by following the link in the show description.
Why is the U.S. Treasury discontinuing the penny?
I am so excited for this, Neil, because it means we get to hang out with you all in person and be wildly impressed with how smart and plugged into the news cycle you guys are. So once more, June 3rd, 6 p.m. in the East Village, Trivia Night with Neil and I. There will be prizes. So sign up at the link in the show description. And now a word from our sponsor, Iterable. Neil, you're a group chat guy. I see you discussing show topics with your college friends, but everyone's on different time zones, right?
Oh yeah, I'll drop a banger of a trivia question at 7 a.m. after we wrap up the show and eight hours later, someone chimes in with the answer.
But they always get it right because your friends are smart. But that's what marketing feels like when you're locked into fixed campaigns. You might send a message when you're ready because your campaign calendar says so, but it might not be when your customer is ready. Iterable flips that.
What are the box office projections for Mission Impossible and Lilo & Stitch?
It listens to the customer, not the calendar. So the message hits when they open the app, browse a product, really whenever the opportune moment is.
It's getting the whole group chat on the same time zone, real-time personalized engagement powered by AI and fueled by customer data across every channel.
So stop marketing like it's 4 a.m. in the wrong time zone. Go to endthecampaign.com. You may not have been productive at work counting down the hours till MDW, but the House of Representatives was. Republicans in the chamber passed a sweeping tax and spending package they've dubbed the one big beautiful bill that will have major implications for the US economy and your personal finances.
How is Bitcoin performing as the Stock of the Week?
The bill is indeed big. Containing a smorgasbord of GOP priorities, it extends President Trump's tax cuts for all income groups from 2017, which were set to expire at the end of this year, and heaps on even more tax relief on top of that, including a bigger child tax credit, a higher standard deduction, and the elimination of taxes on tips, overtime pay, and Social Security benefits. It also ramps up spending on certain things like border security, national defense, and support for farmers. It decreases spending on certain things, too, like Medicare, food aid, and tax credits for clean energy projects. But that's not enough in savings to account for the lost revenue from the tax cuts.
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Chapters
8 chapters
1
What impact will the new tax bill have on the economy?
0:35–1:42
2
Why is the U.S. Treasury discontinuing the penny?
1:42–2:30
3
What are the box office projections for Mission Impossible and Lilo & Stitch?
2:30–3:11
4
How is Bitcoin performing as the Stock of the Week?
3:11–16:50
5
What does the future hold for the nickel after the penny's discontinuation?
16:50
6
What should we expect from the bond market in response to the tax bill?
11:22
7
How will the new tax bill affect middle-class families?
7:19–10:40
8
What are the expected benefits for clean energy companies?
10:40–27:37
Speakers
3 identifiedMore from Morning Brew Daily
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