menu_open Columnists
We use cookies to provide some features and experiences in QOSHE

More information  .  Close

Forbes Daily: Consumer Sentiment And Spending Defied Expectations In June

3 2
21.07.2025

You might have to say goodbye to free snacks in the office thanks to the One Big Beautiful Bill Act.

Food and drinks were some of the many perks companies have offered as they try to lure workers back to the office. But the just-signed legislative package would allow a tax deduction that employers previously used for providing meals and snacks to expire in most cases. Congress seems to think the savings are worth it: The Joint Committee on Taxation found that eliminating the deduction will raise $32.5 billion over the next decade.

Even without the tax break, free food is a major draw. In a 2023 survey, 80% of workers said catered meals encourage them to come into the office.

Transportation Secretary Sean P. Duffy speaks during a press conference at Los Angeles Union Station in February 2025.

California is suing the Trump Administration over its claw back of $4 billion in federal funds awarded for a high-speed rail system in the works, the latest difficulty facing the country’s costliest infrastructure project. Transportation Secretary Sean Duffy said a compliance review determined the California High-Speed Rail Authority “cannot meet its obligations under the grant agreement,” but Governor Gavin Newsom claimed the decision was politically motivated.

Microsoft released an emergency software patch Sunday in response to “active attacks” on businesses, government agencies and universities using its SharePoint server. The vulnerability only impacts companies using Microsoft’s software to host their own servers, and customers relying on Microsoft’s 365 cloud services have not been affected.

Americans appear to be less worried about price hikes, as consumer sentiment reached a five-month high last month, according to the University of Michigan’s monthly survey released........

© Forbes