The Tuesday Lowdown ⬇️

If you're new around here, every day I share the 4-5 best accounting insights I saw in the past 24 hours.

I scroll. so you don't have to.

💎 WTF of the Day

Trump’s $3.8 Trillion Tax Plan Just Cleared a Big Hurdle

The Senate is sprinting through a vote marathon, and Republicans just muscled through a major win. They passed a rule that wipes $3.8 trillion in tax cut costs off the books, on paper, at least.

Democrats are furious, calling it “fake math” and accusing Republicans of gutting budget rules to make Trump’s megabill look cheaper. Next up a final vote on the full bill, which covers everything from the border to energy, could happen by the time you read this.

Source: Politico 

💎 What’s poppin in accounting

The Trade Deficit Isn’t What You Think

Politicians love to rant about the U.S. trade deficit like it's some economic failure. But accountants see it differently, it’s not a loss, it’s just how global money flows.

When we buy more from other countries than we sell, those dollars don’t vanish, they come back as investments in U.S. stocks, real estate, and companies. The books balance, like they always do in accounting.

Bottom line, the trade deficit often means the world trusts us with their money. It’s not a red flag, it’s a vote of confidence

Source: Accounting Today 

 📊 Weekly Trend Chart

AI Might Pollute More Than Planes by 2030

AI’s getting so big, it might out pollute airplanes. Accenture, a global consulting firm that helps companies with tech and strategy, says AI data centers could produce more carbon than the entire airline industry by 2030.

One fix? Run AI on your phone instead of giant server farms. A study says that could cut power use by 90%. But here’s the catch, Amazon, Microsoft, and OpenAI are building data centers like there’s no tomorrow. And no one’s pumping the brakes.

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