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See How Trump’s Big Bill Could Affect Your Taxes, Health Care and Other Finances

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See How Trump’s Big Bill Could Affect Your Taxes, Health Care and Other Finances

Congressional Republicans just passed President Trump’s sprawling domestic policy bill that extends and expands tax cuts, while slashing Medicaid, food benefits and clean energy initiatives to pay for them — but only partly. The bill favors the wealthy, and low-income Americans stand to lose the most.

What could the bill mean for your pocketbook? Answer these questions to learn more about the individual impacts of the wide-ranging legislation. (Your answers are not tracked by The Times.)

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At the heart of the bill is a roughly $4 trillion tax cut that extends the cuts Republicans passed in 2017. Without this extension, most Americans would see a tax increase.

These tax cuts come at a cost. According to the Congressional Budget Office, the bill adds $3.3 trillion to the national debt over the next decade.

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Do you pay federal income taxes?

Do you take the standard tax deduction?

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Are you 65 or older?

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Do you live in a high-tax state like California or New York?

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Are you a tipped worker?

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Do you receive overtime pay?

Do you plan to buy a car?

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Do you pay interest on a mortgage?

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Have you experienced a big loss because of a storm, fire or other disasters?

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Do you donate to charity?

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Do you earn more than $500,000 a year?

Do you own a business?

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Do you own or are you considering buying firearms?

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Are you a whaling captain or a fisher living in Alaska?

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Despite reducing or eliminating certain safety net programs, the Trump administration has been exploring several options to encourage Americans to have more children, including tax cuts and other investments.

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Do you have children?

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Are you planning to have a baby soon?

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Do you intend to adopt a child?

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Will you inherit wealth or business worth $15 million or more soon?

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To offset some of the tax cuts, the bill makes steep cuts to health care and food assistance benefits for low-income Americans.

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Are you on Medicaid?

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Do you use food stamps?

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Do you have health insurance under Obamacare?

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Do you have a health savings account, or want one?

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The bill adds limits to student loan borrowing and makes changes to financial aid eligibility and uses.

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Have you already taken or will soon take out federal loans for college?

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Do you plan to borrow money for your child’s college education?

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Do you hope to borrow money for graduate school?

Do you have a 529 savings account?

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Are you filling out the FAFSA?

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Do you plan to apply for a Pell Grant?

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Do you or your children attend a university with a large endowment?

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The bill rolls back tax credits for clean energy, a policy Mr. Trump campaigned on.

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Are you planning to make energy-efficient home improvements?

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Do you want to buy an electric or a plug-in hybrid vehicle?

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The bill has prioritized additional funding for immigration enforcement, and specifically includes collecting more fees from certain noncitizens.

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Are you a noncitizen without a green card?

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Are you an immigrant who sends money abroad to friends or family?

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Your results

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1.

Preserve existing tax brackets

2.

Extend and increase standard tax deduction

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3.

Increase tax deductions for seniors

4.

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Increase cap on state and local tax deductions

5.

Add tax deduction for income from tips

6.

Add tax deduction for overtime income

7.

Add tax deduction on auto loan interest

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8.

Preserve limit on mortgage interest deduction

9.

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Preserve restrictions on loss deduction

10.

Add tax deduction for donating to charity

11.

Extend alternative minimum tax exemption

12.

Increase tax deductions for pass-through businesses

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13.

Eliminate a tax on silencers and certain firearms

14.

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Add tax breaks for Alaskan whalers and fishers

15.

Increase child tax credit, with tightened rules

16.

Deposit $1,000 into a “Trump account” for newborns

17.

Make adoption tax credit refundable

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18.

Extend and increase estate tax exemption

19.

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Add work requirements for Medicaid

20.

Add work requirements for food stamps

21.

Tighten Obamacare rules

22.

Expand HSA access to more people

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23.

Eliminate tax credits for low-emissions electricity sources

24.

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Eliminate tax credits for clean energy vehicles

25.

Restructure student loan repayment programs

26.

Limit Parent PLUS loan amounts

27.

Limit graduate school loan amounts

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28.

Expand eligible 529 expenses

29.

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Remove some assets from financial aid calculations

30.

Change eligiblity rules for Pell Grants

31.

Increase taxes on university endowments

32.

Add and increase immigration fees

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33.

Add a tax on money sent abroad

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California-based company recalls thousands of cases of salad dressing over ‘foreign objects’

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California-based company recalls thousands of cases of salad dressing over ‘foreign objects’

A California food manufacturer is recalling thousands of cases of salad dressing distributed to major retailers over potential contamination from “foreign objects.”

The company, Irvine-based Ventura Foods, recalled 3,556 cases of the dressing that could be contaminated by “black plastic planting material” in the granulated onion used, according to an alert issued by the U.S. Food and Drug Administration.

Ventura Foods voluntarily initiated the recall of the product, which was sold at Costco, Publix and several other retailers across 27 states, according to the FDA.

None of the 42 locations where the product was sold were in California.

Ventura Foods said it issued the recall after one of its ingredient suppliers recalled a batch of onion granules that the company had used n some of its dressings.

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“Upon receiving notice of the supplier’s recall, we acted with urgency to remove all potentially impacted product from the marketplace. This includes urging our customers, their distributors and retailers to review their inventory, segregate and stop the further sale and distribution of any products subject to the recall,” said company spokesperson Eniko Bolivar-Murphy in an emailed statement. “The safety of our products is and will always be our top priority.”

The FDA issued its initial recall alert in early November. Costco also alerted customers at that time, noting that customers could return the products to stores for a full refund. The affected products had sell-by dates between Oct. 17 and Nov. 9.

The company recalled the following types of salad dressing:

  • Creamy Poblano Avocado Ranch Dressing and Dip
  • Ventura Caesar Dressing
  • Pepper Mill Regal Caesar Dressing
  • Pepper Mill Creamy Caesar Dressing
  • Caesar Dressing served at Costco Service Deli
  • Caesar Dressing served at Costco Food Court
  • Hidden Valley, Buttermilk Ranch
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They graduated from Stanford. Due to AI, they can’t find a job

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They graduated from Stanford. Due to AI, they can’t find a job

A Stanford software engineering degree used to be a golden ticket. Artificial intelligence has devalued it to bronze, recent graduates say.

The elite students are shocked by the lack of job offers as they finish studies at what is often ranked as the top university in America.

When they were freshmen, ChatGPT hadn’t yet been released upon the world. Today, AI can code better than most humans.

Top tech companies just don’t need as many fresh graduates.

“Stanford computer science graduates are struggling to find entry-level jobs” with the most prominent tech brands, said Jan Liphardt, associate professor of bioengineering at Stanford University. “I think that’s crazy.”

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While the rapidly advancing coding capabilities of generative AI have made experienced engineers more productive, they have also hobbled the job prospects of early-career software engineers.

Stanford students describe a suddenly skewed job market, where just a small slice of graduates — those considered “cracked engineers” who already have thick resumes building products and doing research — are getting the few good jobs, leaving everyone else to fight for scraps.

“There’s definitely a very dreary mood on campus,” said a recent computer science graduate who asked not to be named so they could speak freely. “People [who are] job hunting are very stressed out, and it’s very hard for them to actually secure jobs.”

The shake-up is being felt across California colleges, including UC Berkeley, USC and others. The job search has been even tougher for those with less prestigious degrees.

Eylul Akgul graduated last year with a degree in computer science from Loyola Marymount University. She wasn’t getting offers, so she went home to Turkey and got some experience at a startup. In May, she returned to the U.S., and still, she was “ghosted” by hundreds of employers.

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“The industry for programmers is getting very oversaturated,” Akgul said.

The engineers’ most significant competitor is getting stronger by the day. When ChatGPT launched in 2022, it could only code for 30 seconds at a time. Today’s AI agents can code for hours, and do basic programming faster with fewer mistakes.

Data suggests that even though AI startups like OpenAI and Anthropic are hiring many people, it is not offsetting the decline in hiring elsewhere. Employment for specific groups, such as early-career software developers between the ages of 22 and 25 has declined by nearly 20% from its peak in late 2022, according to a Stanford study.

It wasn’t just software engineers, but also customer service and accounting jobs that were highly exposed to competition from AI. The Stanford study estimated that entry-level hiring for AI-exposed jobs declined 13% relative to less-exposed jobs such as nursing.

In the Los Angeles region, another study estimated that close to 200,000 jobs are exposed. Around 40% of tasks done by call center workers, editors and personal finance experts could be automated and done by AI, according to an AI Exposure Index curated by resume builder MyPerfectResume.

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Many tech startups and titans have not been shy about broadcasting that they are cutting back on hiring plans as AI allows them to do more programming with fewer people.

Anthropic Chief Executive Dario Amodei said that 70% to 90% of the code for some products at his company is written by his company’s AI, called Claude. In May, he predicted that AI’s capabilities will increase until close to 50% of all entry-level white-collar jobs might be wiped out in five years.

A common sentiment from hiring managers is that where they previously needed ten engineers, they now only need “two skilled engineers and one of these LLM-based agents,” which can be just as productive, said Nenad Medvidović, a computer science professor at the University of Southern California.

“We don’t need the junior developers anymore,” said Amr Awadallah, CEO of Vectara, a Palo Alto-based AI startup. “The AI now can code better than the average junior developer that comes out of the best schools out there.”

To be sure, AI is still a long way from causing the extinction of software engineers. As AI handles structured, repetitive tasks, human engineers’ jobs are shifting toward oversight.

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Today’s AIs are powerful but “jagged,” meaning they can excel at certain math problems yet still fail basic logic tests and aren’t consistent. One study found that AI tools made experienced developers 19% slower at work, as they spent more time reviewing code and fixing errors.

Students should focus on learning how to manage and check the work of AI as well as getting experience working with it, said John David N. Dionisio, a computer science professor at LMU.

Stanford students say they are arriving at the job market and finding a split in the road; capable AI engineers can find jobs, but basic, old-school computer science jobs are disappearing.

As they hit this surprise speed bump, some students are lowering their standards and joining companies they wouldn’t have considered before. Some are creating their own startups. A large group of frustrated grads are deciding to continue their studies to beef up their resumes and add more skills needed to compete with AI.

“If you look at the enrollment numbers in the past two years, they’ve skyrocketed for people wanting to do a fifth-year master’s,” the Stanford graduate said. “It’s a whole other year, a whole other cycle to do recruiting. I would say, half of my friends are still on campus doing their fifth-year master’s.”

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After four months of searching, LMU graduate Akgul finally landed a technical lead job at a software consultancy in Los Angeles. At her new job, she uses AI coding tools, but she feels like she has to do the work of three developers.

Universities and students will have to rethink their curricula and majors to ensure that their four years of study prepare them for a world with AI.

“That’s been a dramatic reversal from three years ago, when all of my undergraduate mentees found great jobs at the companies around us,” Stanford’s Liphardt said. “That has changed.”

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Disney+ to be part of a streaming bundle in Middle East

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Disney+ to be part of a streaming bundle in Middle East

Walt Disney Co. is expanding its presence in the Middle East, inking a deal with Saudi media conglomerate MBC Group and UAE firm Anghami to form a streaming bundle.

The bundle will allow customers in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE to access a trio of streaming services — Disney+; MBC Group’s Shahid, which carries Arabic originals, live sports and events; and Anghami’s OSN+, which carries Arabic productions as well as Hollywood content.

The trio bundle costs AED89.99 per month, which is the price of two of the streaming services.

“This deal reflects a shared ambition between Disney+, Shahid and the MBC Group to shape the future of entertainment in the Middle East, a region that is seeing dynamic growth in the sector,” Karl Holmes, senior vice president and general manager of Disney+ EMEA, said in a statement.

Disney has already indicated it plans to grow in the Middle East.

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Earlier this year, the company announced it would be building a new theme park in Abu Dhabi in partnership with local firm Miral, which would provide the capital, construction resources and operational oversight. Under the terms of the agreement, Disney would oversee the parks’ design, license its intellectual property and provide “operational expertise,” as well as collect a royalty.

Disney executives said at the time that the decision to build in the Middle East was a way to reach new audiences who were too far from the company’s current hubs in the U.S., Europe and Asia.

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