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Category: Taxation

  • MIL-OSI USA: Van Orden Votes for Tax Breaks for Families, Small Business Growth, SNAP & Medicaid Protection

    Source: United States House of Representatives – Congressman Derrick Van Orden (Wisconsin 3rd)

    WASHINGTON, D.C. – Today, Congressman Derrick Van Orden (WI-03) released the following statement after voting to pass H.R.1 – the One, Big, Beautiful Bill:

    “This bill is a once-in-a-lifetime opportunity for Americans – our seniors, veterans, families, farmers, manufacturers, and most vulnerable populations. 

    “My Democrat colleagues have been fearmongering and pushing blatant lies from day one, and that ends now. When this beautiful bill reaches President Trump’s desk, Americans will see their taxes go down, wages go up, and integrity and stability restored in critical programs like SNAP and Medicaid. 

    “This is what delivering real results for the people I represent looks like and what 77 million Americans and 1.7 Wisconsinites voted for.”

    The One, Big, Beautiful Bill contains a variety of wins for the American people, including:

    • Preventing the Death Tax from hitting over two million family-owned farms so they can be passed down to the next generation
    • Making the Tax Cuts and Jobs Act permanent, preventing a 25% tax hike on Wisconsin families
    • Making the Small Business Deduction permanent, and increasing it to 23%
    • Eliminating taxes on overtime pay and tipped wages
    • Providing billions of dollars in tax relief for low- and middle-income seniors
    • Increasing funding for border security measures

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Andrea Salinas Statement on House Passage of Republican Tax Scam

    Source: US Representative Andrea Salinas (OR-06)

    Today, U.S. Congresswoman Andrea Salinas (OR-06) released the following statement following the House Passage of Republicans’ Tax Scam

    Washington, D.C. – Today, U.S. Congresswoman Andrea Salinas (OR-06) released the following statement following the House Passage of Republicans’ Tax Scam:

    “I voted no on this big, ugly betrayal because it increases costs for working families and hurts seniors, veterans, and children in Oregon and across the country. At a time when Americans are already struggling to make ends meet, this bill will increase costs, strip away health care, take food off the table of working families and increase energy costs for all Americans—all to give tax breaks to large corporations and billionaires. I was proud to stand up for hardworking Oregonians and vote against this bill.

    “For Oregonians, the damage is immediate and severe. The bill slashes hundreds of billions of dollars from Medicaid, known in our state as the Oregon Health Plan. These cuts could shutter rural hospitals, nursing homes, and health centers, leaving all Oregon families with higher health care costs and rural patients with little to no access to care.

    “This package also threatens nutrition assistance for the almost 800,000 people in our state who count on SNAP to put food on the table. The cuts would make this the single largest rollback of food aid in American history and would hurt Oregonians who rely on SNAP as well as local farmers and grocers. And the cuts would extend beyond SNAP to threaten food assistance programs like Meals on Wheels. This is cruel, plain, and simple.

    “Not only does this bill increase costs for families, it’s also a fiscal disaster. It adds $5 trillion to our national debt, further jeopardizing our bond rating and our children’s future. For a party that claims to care about cutting the debt, it’s clear Republicans care more about kicking working families when they’re down.

    “This bill is a betrayal of the values we hold in Oregon. I will never support legislation that asks our working families to sacrifice, for the sole purpose of enriching the wealthiest Americans. This bill isn’t about fiscal responsibility – it’s a tax giveaway to the ultra-wealthy, paid for by gutting healthcare and SNAP programs that our communities rely on to survive and thrive.”

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    MIL OSI USA News –

  • MIL-OSI USA: Rep. Andrea Salinas Statement on House Passage of Republican Tax Scam

    Source: US Representative Andrea Salinas (OR-06)

    Today, U.S. Congresswoman Andrea Salinas (OR-06) released the following statement following the House Passage of Republicans’ Tax Scam

    Washington, D.C. – Today, U.S. Congresswoman Andrea Salinas (OR-06) released the following statement following the House Passage of Republicans’ Tax Scam:

    “I voted no on this big, ugly betrayal because it increases costs for working families and hurts seniors, veterans, and children in Oregon and across the country. At a time when Americans are already struggling to make ends meet, this bill will increase costs, strip away health care, take food off the table of working families and increase energy costs for all Americans—all to give tax breaks to large corporations and billionaires. I was proud to stand up for hardworking Oregonians and vote against this bill.

    “For Oregonians, the damage is immediate and severe. The bill slashes hundreds of billions of dollars from Medicaid, known in our state as the Oregon Health Plan. These cuts could shutter rural hospitals, nursing homes, and health centers, leaving all Oregon families with higher health care costs and rural patients with little to no access to care.

    “This package also threatens nutrition assistance for the almost 800,000 people in our state who count on SNAP to put food on the table. The cuts would make this the single largest rollback of food aid in American history and would hurt Oregonians who rely on SNAP as well as local farmers and grocers. And the cuts would extend beyond SNAP to threaten food assistance programs like Meals on Wheels. This is cruel, plain, and simple.

    “Not only does this bill increase costs for families, it’s also a fiscal disaster. It adds $5 trillion to our national debt, further jeopardizing our bond rating and our children’s future. For a party that claims to care about cutting the debt, it’s clear Republicans care more about kicking working families when they’re down.

    “This bill is a betrayal of the values we hold in Oregon. I will never support legislation that asks our working families to sacrifice, for the sole purpose of enriching the wealthiest Americans. This bill isn’t about fiscal responsibility – it’s a tax giveaway to the ultra-wealthy, paid for by gutting healthcare and SNAP programs that our communities rely on to survive and thrive.”

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    MIL OSI USA News –

  • MIL-OSI USA: Latta Votes to Ensure Tax Relief, Strengthen Medicaid, Prioritize American Energy Dominance, & Reduce Fraud & Abuse in Federal Government

    Source: United States House of Representatives – Congressman Bob Latta (R-Bowling Green Ohio)

    Latta Votes to Ensure Tax Relief, Strengthen Medicaid, Prioritize American Energy Dominance, & Reduce Fraud & Abuse in Federal Government

    Legislation Heads to President Trump to Sign into Law

    Washington, July 3, 2025

    Today, Congressman Bob Latta (R-OH-5) released the following statement after voting to ensure tax relief, strengthen Medicaid, prioritize American energy dominance, and reduce fraud and abuse in the federal government by supporting H.R. 1, the One Big Beautiful Bill Act:   

    “Northern Ohioans work hard to provide for their families, that’s why today I voted to ensure they receive the real tax relief they deserve through the One Big Beautiful Bill Act. This bill prioritizes American energy dominance, promotes economic growth, supports families, seniors, and small businesses, strengthens our border security. Most importantly, it puts America first, including our farmers who deserve the ability to grow their operations and access more flexible, lower-cost loans. Today’s vote takes us one step closer to cutting wasteful spending and reducing fraud and abuse in the federal government and I urge President Trump to quickly sign this bill into law.” 

    Read Congressman Latta’s statement following his support for the Energy and Commerce budget reconciliation markup here, and his statement after voting to send the Reconciliation Bill to the Senate here.  

    MIL OSI USA News –

  • MIL-OSI USA: Latta Votes to Ensure Tax Relief, Strengthen Medicaid, Prioritize American Energy Dominance, & Reduce Fraud & Abuse in Federal Government

    Source: United States House of Representatives – Congressman Bob Latta (R-Bowling Green Ohio)

    Latta Votes to Ensure Tax Relief, Strengthen Medicaid, Prioritize American Energy Dominance, & Reduce Fraud & Abuse in Federal Government

    Legislation Heads to President Trump to Sign into Law

    Washington, July 3, 2025

    Today, Congressman Bob Latta (R-OH-5) released the following statement after voting to ensure tax relief, strengthen Medicaid, prioritize American energy dominance, and reduce fraud and abuse in the federal government by supporting H.R. 1, the One Big Beautiful Bill Act:   

    “Northern Ohioans work hard to provide for their families, that’s why today I voted to ensure they receive the real tax relief they deserve through the One Big Beautiful Bill Act. This bill prioritizes American energy dominance, promotes economic growth, supports families, seniors, and small businesses, strengthens our border security. Most importantly, it puts America first, including our farmers who deserve the ability to grow their operations and access more flexible, lower-cost loans. Today’s vote takes us one step closer to cutting wasteful spending and reducing fraud and abuse in the federal government and I urge President Trump to quickly sign this bill into law.” 

    Read Congressman Latta’s statement following his support for the Energy and Commerce budget reconciliation markup here, and his statement after voting to send the Reconciliation Bill to the Senate here.  

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Moore Votes “Yes” on One Big Beautiful Bill – Legislation Headed to President’s Desk

    Source: United States House of Representatives – Representative Riley Moore (WV-02)

    Washington, D.C. – Today, the House of Representatives passed the final amended version of H.R. 1, the One Big Beautiful Bill Act. Congressman Riley M. Moore voted “Yes” on the legislation.

    Congressman Moore issued the following statement:

    “In November, the American people gave President Trump a mandate for change after years of mass migration, inflation, and progressive insanity. They demanded secure borders, lower costs, and a return to commonsense. The One Big Beautiful Bill delivers on that America First agenda. I proudly voted ‘Yes’ on this historic legislation.

    “This bill provides the largest border security investment in America’s history – $175 billion to finish the wall, hire thousands of new ICE and Border Patrol agents, and conduct mass deportations – giving the President every tool he needs to restore our national sovereignty. We also provide the largest tax cut in American history – no tax on tips, no tax on overtime, and 88% of seniors will pay no taxes on Social Security.  

    “The bill also embraces fossil fuels to power our economy, reindustrialize the heartland, and beat China in the AI arms race. It fully defunds Planned Parenthood, invests in a 21st century military, increases and makes permanent the Child Tax Credit, permanently extends important business tax credits – including the Section 199A deduction – and cuts spending by more than $1.35 trillion. 

    “President Trump’s signature legislation is a huge win for the American people that puts our nation on the path to a new Golden Age. I can’t wait to see the President sign the One Big Beautiful Bill on Independence Day.”

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    MIL OSI USA News –

  • MIL-OSI USA: Newhouse Statement on Passage of H.R. 1

    Source: United States House of Representatives – Congressman Dan Newhouse (4th District of Washington)

    Headline: Newhouse Statement on Passage of H.R. 1

    WASHINGTON, D.C. – Today, Rep. Dan Newhouse (WA-04) released the following statement upon final House passage of the Senate-amended H.R. 1. The legislation, which passed 218-214 now goes to President Trump’s desk to be signed into law. 

    “At the start of this Congress, we made a commitment to reduce government spending, keep taxes low for hard working Americans, and make reforms to federal assistance programs to ensure their long-term sustainability. This is by no means a perfect bill, but it delivers on our commitment while benefiting farmers, families, and small business owners across central Washington. 

    H.R.1 prevents the largest tax hike in American history, increases the Child Tax Credit, and unleashes American energy production to lower costs and reduce inflation. It makes the largest-ever investment in border security and makes our nation safer by strengthening our military. I was able to secure continued investment in our current and future nuclear energy fleet, which is vital to the Tri-Cities and the surrounding region. 

    We include major portions of the Farm Bill to deliver critical assistance for our farmers and ranchers, including my long-time priority of doubling the Market Access Program and Foreign Market Development Program to open new markets for our ag exports. I worked with House Leadership not once, but twice, to successfully prevent the sale of our public lands in this bill. 

    We are protecting Medicaid and SNAP for those who truly need it by requiring part-time work requirements for able bodied adults without dependents and establishing a $50 billion fund for our rural hospitals. By reducing improper payments to deceased individuals and defunct providers, we are ensuring there are more funds for the low-income individuals, families, and seniors who rely on the program. I am committed to keeping our rural hospitals open, and I will utilize my position on the House Appropriations Committee to do just that. 

    Working families, small businesses, rural hospitals, and farmers across Central Washington have been at the top of my mind throughout this process. For weeks since we first passed H.R. 1, I have heard from my constituents about the legislation’s benefits and downsides, and I have truly given serious thought to the legislation. This was a hard, thoroughly considered vote that I believe will benefit the people of my district.” 

    The following are provisions in H.R. 1 that Rep. Newhouse worked to secure.  

    Market Access for Farmers and Ranchers 

    • Doubles funding for the Market Access Program and Foreign Market Development Program to give Central Washington producers the upper hand in global markets.

    Nuclear Energy Tax Credits Preservation 

    • Protects the small nuclear reactor project in Richland.
    • Allows advanced nuclear projects to utilize the Production Tax Credit (45Y) and Investment Tax Credits (48E) once they have commenced construction.
    • Maintains the Nuclear Power Production Tax Credit (45U) through 2031 for existing nuclear reactors. 

    Protections for Rural Hospitals 

    • Commitments that funds from the Rural Health Transformation program will support rural hospitals in Washington state. 

    H.R. 1 delivers an economy that is pro-growth, pro-worker, pro-family, and pro-business:  

    • Makes the 2017 tax cuts permanent, preventing the largest tax hike in American history on the middle class.
    • Removes taxes on tips, overtime pay, and Social Security for seniors.
    • Makes permanent the 20 percent Small Business Tax Deduction, delivering $250 million in GDP growth and 5,000 jobs to Washington’s Fourth District annually.

    H.R. 1 makes historic investments into the agriculture industry:  

    • Increases the coverage level and affordability of certain crop insurance policies used by specialty crop producers.
    • Provides more affordable crop insurance for beginning farmers and ranchers for the first ten years of farming.
    • Expands access to standing disaster programs and conservation programs.
    • Improves the livestock programs to be more responsive to drought and predation and expands producer eligibility for the tree assistance program.

    H.R. 1 makes the largest investment into border security in American history: 

    • Funds over 700 miles of border wall at the southwest border.
    • Funds 3,000 new Border Patrol agents and 5,000 new Customs and Border Protection officers.
    • Invests in cutting-edge technology to combat the flow of fentanyl across the border.

    H.R. 1 makes common-sense reforms to Medicaid to ensure the program’s long-term sustainability: 

    • Work requirements for able-bodied adults without dependents to work, volunteer, or pursue further education 80 hours per month to receive benefits.
    • Prevents illegal immigrants from receiving taxpayer-funded benefits.
    • Ensures the program will continue to efficiently serve eligible participants who truly need it.
    • Establishes the Rural Health Transformation Program at $50 billion to states and to covered facilities including a wide array of small, rural, and Medicare-dependent hospitals, rural health clinics, community mental health centers, opioid treatment programs, and more.

    H.R. 1 reforms the Supplemental Nutrition Assistance Program (SNAP) to support recipients and end abuse of the program: 

    • Saves taxpayers nearly $200 billion through reforms to SNAP that ensure the program works the way Congress intended by reinforcing work, rooting out waste, and instituting long-overdue accountability incentives to control costs.
    • Implements modest state cost-share for SNAP to ensure states manage program resources responsibly.
    • Incentivizes correcting error rates in SNAP payments by allowing states with an error rate below six percent to be exempt from paying the cost-share for benefits.

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    MIL OSI USA News –

  • MIL-OSI Africa: International Monetary Fund (IMF) Executive Board Completes the Second Reviews Under the Extended Credit Facility and the Resilience and Sustainability Facility Arrangements with the Republic of Madagascar

    Source: APO – Report:

    .

    • The IMF Executive Board completed the Second Reviews under the Extended Credit Facility (ECF) arrangement and the Resilience and Sustainability Facility (RSF) arrangement for the Republic of Madagascar, allowing for an immediate disbursement of SDR 77.392 million (about US$107 million).
    • Madagascar’s performance under the ECF and RSF has been satisfactory. The recent adoption of a recovery plan for the public utilities company (JIRAMA) and the continued implementation of the automatic fuel price adjustment mechanism will release space for critical development needs while helping improve energy supply.
    • Recent weather-related events, reduction in official development assistance (ODA) and the U.S tariff hike risk setting Madagascar back; they constitute a wakeup call.

    The Executive Board of the International Monetary Fund (IMF) completed today the Second Reviews under the 36-month Extended Credit Facility (ECF) arrangement and under the 36-month Resilience and Sustainability Facility (RSF) arrangement. The ECF and RSF arrangements were approved by the IMF Executive Board in June 2024 (see PR24/232). The authorities have consented to the publication of the Staff Report prepared for this review.[1]

    The completion of the reviews allows for the immediate disbursement of SDR 36.66 million (about US$50 million) under the ECF arrangement and of SDR 40.732 million (about US$56 million) under the RSF arrangement.

    Madagascar has been hit by a myriad of shocks this year, including weather-related events and the dual external shock of ODA reduction (by about 1 percent of GDP) and U.S. tariff hike (47 percent initially). These developments would take a toll on growth, considering the country’s high dependence on external financial support and the exposure of its vanilla sector and textile industry to the U.S. market. Growth in 2025 would be lower-than-previously expected at 4 percent.

    The current account deficit widened to 5.4 percent of GDP in 2024, due to continued weak performance in some mining subsectors; it is expected to widen further (to 6.1 percent of GDP) this year, amidst challenging prospects in the textile industry and the vanilla sector.

    Program performance has been satisfactory, with all end-December 2024 quantitative performance criteria and three out of four indicative targets having been met. M3 growth was within the bands of the Monetary Policy Consultation Clause. All but one structural benchmark for the review period were also met. On the RSF front, a new forest carbon framework that promotes private sector participation in the reforestation was adopted and the National Contingency Fund for disaster risk management was operationalized.

    At the conclusion of the Executive Board discussion, Mr. Nigel Clarke, Deputy Managing Director, and Acting Chair, made the following statement:

    “Performance improved gradually over the first half year of the program, following delays related to mayoral elections; all but one of the end-December 2024 quantitative targets were met, and notable progress was achieved in the structural reform agenda. Recent weather-related and external shocks call for spending reprioritization, deliberate contingency planning in budget execution, and letting the exchange rate act as a shock absorber.

    “The recent adoption of a recovery plan for the public utilities company (JIRAMA) is a step in the right direction. Its swift implementation will help address pervasive disruptions in the provision of electricity to households and businesses, while limiting calls on the State budget. The continued implementation of the automatic fuel pricing mechanism will also help contain fiscal risks with targeted measures to support the most vulnerable.

    “Pressing ahead with domestic revenue mobilization efforts and enhancing public financial management and the public investment process remain key to fiscal sustainability. Early preparations for the 2026 budget will allow for stronger buy-in from domestic stakeholders; the budget should be anchored in a well-articulated medium-term fiscal strategy that accounts for the implementation of JIRAMA’s recovery plan and creates space for critical development spending.

    “While inflation has receded slightly from its January peak, the central bank (BFM) should not loosen monetary policy until inflation is on a firm downward path. Further improvements in liquidity management, forecasting and communication will strengthen the implementation of the BFM’s interest-based monetary policy framework. Maintaining a flexible exchange rate will help absorb external shocks.

    “A swift implementation of the authorities’ anti-corruption strategy (2025-2030), together with a homegrown action plan for implementing key recommendations from the IMF Governance Diagnostic Assessment (GDA), will improve transparency and the rule of law, support the authorities fight against corruption and protect the public purse.

    “The authorities’ continued commitment to their reform agenda under the Resilience and Sustainability Facility (RSF) will support climate adaptation in Madagascar and complement the Extended Credit Facility (ECF) in fostering overall socio-economic resilience.”

    Table. Madagascar: Selected Economic Indicators

    2022

    2023

    2024

    2025

    2026

    Est.

    Proj.

    (Percent change; unless otherwise indicated)

    National Account and Prices

    GDP at constant prices

    4.2

    4.2

    4.2

    4.0

    4.0

    GDP deflator

    9.6

    7.5

    7.6

    8.3

    7.0

    Consumer prices (end of period)

    10.8

    7.5

    8.6

    8.3

    7.3

    Money and Credit

    Broad money (M3)

    13.8

    8.6

    14.6

    13.7

    8.7

    (Growth in percent of beginning-of-period money stock (M3))

    Net foreign assets

    0.8

    18.2

    9.8

    1.5

    1.4

    Net domestic assets

    13.0

    -9.7

    4.8

    12.2

    7.4

    of which: Credit to the private sector

    9.8

    0.7

    5.6

    6.0

    6.2

    (Percent of GDP)

    Public Finance

    Total revenue (excluding grants)

    9.5

    11.5

    11.4

    11.2

    12.0

    of which: Tax revenue

    9.2

    11.2

    10.9

    10.7

    11.7

    Grants

    1.3

    2.3

    2.3

    0.7

    0.4

    Total expenditures

    16.2

    17.9

    16.2

    15.7

    16.5

    Current expenditure

    10.8

    10.9

    9.6

    9.7

    9.5

    Capital expenditure

    5.4

    7.0

    6.6

    6.0

    7.0

    Overall balance (commitment basis)

    -5.5

    -4.2

    -2.6

    -3.9

    -4.1

    Domestic primary balance1

    -1.8

    -0.3

    1.3

    0.3

    1.4

    Primary balance

    -4.9

    -3.5

    -1.9

    -2.9

    -3.0

    Total financing

    4.7

    4.2

    2.7

    4.3

    4.3

    Foreign borrowing (net)

    2.4

    3.0

    2.6

    3.5

    3.7

    Domestic financing

    2.2

    1.2

    0.1

    0.8

    0.5

    Fiscal financing need2

    0.0

    0.0

    0.0

    0.0

    0.0

    Savings and Investment

    Investment

    21.8

    19.9

    22.2

    23.1

    24.2

    Gross national savings

    16.8

    15.9

    16.9

    17.0

    18.2

    External Sector

    Exports of goods, f.o.b.

    23.0

    19.5

    14.8

    13.5

    13.2

    Imports of goods, c.i.f.

    33.8

    28.0

    26.4

    25.7

    25.5

    Current account balance (exc. grants)

    -6.6

    -6.3

    -8.1

    -6.8

    -6.4

    Current account balance (inc. grants)

    -5.4

    -4.1

    -5.4

    -6.1

    -6.0

    Public Debt

    50.0

    52.7

    50.3

    50.9

    52.2

    External Public Debt (inc. BFM liabilities)

    36.1

    37.8

    36.7

    38.5

    40.4

    Domestic Public Debt

    13.9

    14.8

    13.6

    12.4

    11.7

    (Units as indicated)

    Gross official reserves (millions of SDRs)

    1,601

    1,972

    2,189

    2,297

    2,337

    Months of imports of goods and services

    4.2

    5.7

    6.2

    6.2

    6.0

    GDP per capita (U.S. dollars)

    529

    533

    569

    596

    621

    Sources: Malagasy authorities; and IMF staff estimates and projections.

    1. Primary balance excl. foreign-financed investment and grants.

    2. A negative value indicates a financing gap to be filled by budget support or other financing still to be committed or identified.

    [1] Under the IMF’s Articles of Agreement, publication of documents that pertain to member countries is voluntary and requires the member consent. The staff report will be shortly published on the www.imf.org/MDG page.

    – on behalf of International Monetary Fund (IMF).

    MIL OSI Africa –

  • MIL-OSI: Surgent CPE Announces First-to-Market CPE Webinars Covering One Big Beautiful Bill Act (OBBBA) Tax Reform

    Source: GlobeNewswire (MIL-OSI)

    Industry-leading courses provide timely analysis of major new tax law for accounting and finance professionals

    RADNOR, Pa., July 03, 2025 (GLOBE NEWSWIRE) — Surgent CPE, a recognized leader in continuing professional education for accounting and finance professionals, announced today the immediate availability of two new CPE webinars providing in-depth coverage of the One Big Beautiful Bill Act (OBBBA) just moments after the House’s passage of the bill and its advancement to the president’s desk.

    OBBBA represents the most sweeping tax law since the 2017 Tax Cuts and Jobs Act, and Surgent’s new offerings give professionals a practical, expert-led opportunity to understand both the individual and business tax impacts of the legislation.

    “We know that timely, practical CPE is mission-critical when landmark legislation like the One Big Beautiful Bill Act changes the tax landscape,” said Elizabeth Kolar, executive vice president and managing director of Surgent. “Our new webinars ensure professionals can quickly get up to speed, confidently advise clients, and earn valuable CPE credits at the same time.”

    Two Distinct, In-Depth OBBBA CPE Webinars

    Each live, instructor-led session is worth four CPE credits and may be taken independently. Both webinars are included in Surgent’s Unlimited PLUS subscription or are available for purchase individually.

    “OBBBA will affect tax planning for years to come. Practitioners need more than just the basics—they need real-world insight into how the provisions will impact their clients,” said Nick Spoltore, vice president of tax and advisory content at Surgent. “Our expert team is committed to going beyond the surface, delivering first-to-market, actionable content as new laws become reality.”

    Webinar Details

    Surgent will continue to provide practitioners with timely updates and clarifications as additional guidance and regulations emerge.

    For more information or to register for the new OBBBA CPE webinars, visit SurgentCPE.com.

    About Surgent Accounting & Financial Education
    Surgent Accounting & Financial Education, a division of KnowFully Learning Group, is a provider of high-impact education that accounting, tax, and financial professionals need throughout their careers. For most of the company’s 40-year history, Surgent has been a trusted provider of continuing professional education (CPE), continuing education (CE), and skill-based training that professionals need to maintain their credentials and stay current on industry changes. More recently, Surgent became one of the fastest-growing certification exam review providers, offering predictive AI-based courses that help learners pass accounting and finance credentialing exams faster. Learn more at Surgent.com.

    About KnowFully Learning Group
    The KnowFully Learning Group provides continuing professional education, exam preparation courses and education resources to the accounting, finance and healthcare sectors. KnowFully’s suite of learning solutions helps learners become credentialed, satisfy required credit hours to maintain credentials and stay informed on the latest trends and critical changes in their industries over the course of their careers. The company provides exam preparation and continuing education for accounting, finance and tax professionals headlined by the Surgent Accounting & Financial Education brand. KnowFully’s healthcare education brands include American Fitness Professionals & Associates, ChiroCredit, freeCE, Impact EMS Training, Online CE, PharmCon, Rx Consultant and Psychotherapy.net. For more information, please visit KnowFully.com.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/08e065d2-75f9-41cd-a539-706963db7ed9

    The MIL Network –

  • MIL-OSI: Linkage Global Inc Announces First Half 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    TOKYO, July 03, 2025 (GLOBE NEWSWIRE) — Linkage Global Inc (“Linkage Cayman”, or the “Company”), a cross-border e-commerce integrated services provider headquartered in Japan, today announced its unaudited financial results for the six months ended March 31, 2025.

    First Half 2025 Selected Financial Metrics

    • Total revenues decreased by approximately $1.30 million to approximately $3.50 million for the six months ended March 31, 2025, compared to approximately $4.80 million for the same period of 2024.
    • Gross profit increased by approximately $1.99 million to $2.70 million for the six months ended March 31, 2025, from approximately $0.71 million for the same period of 2024. Cross-border sales margin improved from 12.70% to 21.31%, while integrated e-commerce services margin rose from 50.67% to 93.56% during the same period.
    • Net loss increased from approximately $1.41 million for the six months ended March 31, 2024 to approximately $3.09 million for the six months ended March 31, 2025.

    First Half 2025 Financial Results

    Revenues

    Total revenues declined by approximately $1.30 million, or 27.02%, from approximately $4.80 million for the six months ended March 31, 2024, to approximately $3.50 million for the same period of 2025, mainly due to a sharp drop in cross-border sales.

    Revenues from cross-border sales fell by approximately $3.74 million, or 82.35%, from approximately $4.54 million for the six months ended March 31, 2024 to approximately $0.80 million for the six months ended March 31, 2025. EXTEND, our Japanese subsidiary, contributed $0.43 million or 12.32% of total revenue, down 87.66% year-over-year. This decline was driven by poor market response to its 3C electronics product strategy. In response, the Company shifted focus to higher-margin, fully managed e-commerce services and reallocated staff accordingly. The cross-border business is now being restructured, with new product selections and the Company plans to explore TikTok store and livestream sales in Japan.

    Revenues from Integrated e-commerce services surged by $2.44 million, or 930.08%, from approximately $0.26 million to $2.70 million for the six months ended March 31, 2025, largely due to the launch of fully managed e-commerce operations in 2025. This new model, contributing $2.59 million in revenue and $2.46 million in gross profit, involves end-to-end store management for merchants, with fees based on gross merchandize volume (GMV).

    Revenues from digital marketing dropped from approximately $0.13 million for the six months ended March 31, 2024 to approximately $0.08 million for the six months ended March 31, 2025, after ending the Google partnership in January 2025 and beginning deregistration in April. Revenues from training and consulting, TikTok agent services declined by $0.10 million, or 75.25%, from $0.13 million to $0.03 million.

    Cost of Revenues

    Cost of revenues fell 80.34%, from approximately $4.09 million for the six months ended March 31, 2024, to approximately $0.80 million for the same period in 2025. This was mainly due to a sharp drop in cross-border sales costs, which declined $3.33 million, or 84.09%, from $3.96 million to $0.63 million, reflecting reduced procurement in line with lower sales. In contrast, costs for integrated e-commerce services rose $0.04 million, or 34.55%, from $0.13 million to $0.17 million. Of this, $0.13 million was related to the new fully managed e-commerce business, primarily covering staff salaries. Commission costs declined due to the termination of related services.

    Gross Profit        

    Gross profit increased by approximately $1.99 million, or 280.57%, from approximately $0.71 million to approximately $2.70 million, mainly driven by the new fully managed e-commerce business, which contributed $2.46 million in profit with a 95.12% margin. The high margin was due to low operating costs, mostly staff salaries, with no enterprise resource planning development expenses in the current period as they were previously recognized. Cross-border sales margin improved from 12.70% to 21.31% due to a shift toward higher-margin products. Integrated e-commerce services margin rose from 50.67% to 93.56%, also driven by the new business model.

    Operating Expenses

    Operating expenses rose by 91.01%, from approximately $2.27 million to approximately $4.34 million, mainly due to higher general and administrative expenses, which increased 123.94%, from $1.74 million to $3.90 million for the six months ended March 31, 2025, which was primarily attributable to the allowance for credit loss, stock-based compensation and post-IPO financial and legal consulting fees.

    Selling and marketing expenses dropped 31.15%, from approximately $0.23 million to approximately $0.16 million, due to lower freight and advertising costs, as well as lower marketing and promotion expenses.

    Research and development expenses declined 7.87%, from approximately $0.30 million to approximately $0.27 million, as ERP development staff shifted to operational roles and their salaries were reclassified under business costs.

    Other Expenses

    Other expenses mainly include non-operating income and interest expenses, net. Non-operating income rose from $998 to approximately $0.39 million. Net interest expenses increased significantly from approximately $0.06 million to approximately $1.50 million, mainly due to the issuance of $10 million in convertible bonds in October 2024, with an actual interest rate of 42.52%, generating $1.56 million in interest expenses during the reporting period.

    Income Tax (Provision)/Benefit

    Income tax (provision) /benefit decreased by approximately $0.56 million, from approximately $0.02 million of tax benefit for the six months ended March 31, 2024 to approximately $0.34 million of tax expenses for the six months ended March 31, 2025. This decrease was primarily attributable to net profit for the fully managed e-commerce operation services with a tax rate of 16.5%.

    Net Loss

    As a result, net loss increased by approximately $1.68 million, or 119.62%, from approximately $1.41 million to approximately $3.09 million.

    About Linkage Global Inc

    Linkage Global Inc is a holding company incorporated in the Cayman Islands with no operations of its own. Linkage Cayman conducts its operations through its operating subsidiaries in Japan, Hong Kong, and mainland China. As a cross-border e-commerce integrated services provider headquartered in Japan, through its operating subsidiaries, the Company has developed a comprehensive service system comprised of two lines of business complementary to each other, including (i) cross-border sales and (ii) integrated e-commerce services. For more information, please visit www.linkagecc.com.

    Safe Harbor Statement

    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s annual reports on Form 20-F and other filings with the U.S. Securities and Exchange Commission.

    For more information, please contact:

    Investor Relations

    WFS Investor Relations Inc.

    Connie Kang, Partner

    Email: ckang@wealthfsllc.com

    Tel: +86 1381 185 7742

       
    Linkage Global Inc
    UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS
    AS OF MARCH 31, 2025 AND SEPTEMBER 30, 2024
    (In U.S. dollars, except for share and per share data, or otherwise noted)    		  
       
        As of
    March 31,
    2025    		     As of
    September 30,
    2024    		  
        USD  
    ASSETS            
    Current assets            
    Cash and cash equivalents     328,081       2,000,732  
    Accounts receivable, net     6,405,486       6,302,696  
    Inventories, net     35,675       66,331  
    Deposits paid to media platforms     —       482,650  
    Prepaid expenses and other current assets, net     1,625,517       2,689,581  
    Amount due from related parties     1,243,450       —  
    Short-term loan to third party     8,993,306       410,000  
    Interest receivable from loan to third party     386,261       —  
    Total current assets     19,017,776       11,951,990  
                     
    Non-current assets                
    Property and equipment, net     50,594       85,807  
    Right-of-use assets, net     516,167       653,730  
    Total non-current assets     566,761       739,537  
    TOTAL ASSETS     19,584,537       12,691,527  
                     
    LIABILITIES AND SHAREHOLDERS’ EQUITY                
    Current liabilities                
    Accounts payable     324,069       624,723  
    Accrued expenses and other current liabilities     303,413       236,813  
    Short-term debts     —       32,810  
    Current portion of long-term debts     243,557       428,702  
    Contract liabilities     208,483       533,625  
    Amounts due to related parties     —       314,544  
    Lease liabilities – current     203,600       231,978  
    Convertible notes     7,884,325       964,865  
    Interest payable of convertible notes     1,555,689       —  
    Income tax payable     850,866       1,017,619  
    Total current liabilities     11,574,002       4,385,679  
                     
    Non-current liabilities                
    Long-term debts     734,023       839,560  
    Lease liabilities – non-current     334,973       441,504  
    Total non-current liabilities     1,068,996       1,281,064  
    Total liabilities     12,642,998       5,666,743  
                     
    Commitments and contingencies (Note 21)                
                     
    Shareholders’ equity                
    Class A ordinary shares (par value of US$0.0025 per share; 998,000,000 ordinary shares authorized, 3,080,000 and 2,150,000 ordinary shares issued and outstanding as of March 31, 2025 and September 30, 2024, respectively) *     7,700       5,375  
    Class B ordinary shares (par value of US$0.0025 per share; 2,000,000 ordinary shares authorized, 700,000 and nil ordinary shares issued and outstanding as of March 31, 2025 and September 30, 2024, respectively) *     1,750       —  
    Additional paid in capital     8,564,021       5,591,596  
    Treasury Shares     (500 )     —  
    Statutory reserve     11,348       11,348  
    Retained earnings     (1,474,142 )     1,613,217  
    Accumulated other comprehensive loss     (168,638 )     (196,752 )
    Total shareholders’ equity     6,941,539       7,024,784  
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY     19,584,537       12,691,527  
       
    Linkage Global Inc
    UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
    FOR THE SIX MONTHS ENDED MARCH 31, 2025 AND 2024
    (In U.S. dollars, except for share and per share data, or otherwise noted)    		  
       
        For the six months ended
    March 31,    		  
        2025     2024  
        USD  
    Revenues     3,501,947       4,798,363  
    Cost of revenues     (804,142 )     (4,089,486 )
    Gross profit     2,697,805       708,877  
                     
    Operating expenses                
    General and administrative expenses     (3,904,027 )     (1,743,309 )
    Selling and marketing expenses     (157,637 )     (228,956 )
    Research and development expenses     (274,371 )     (297,811 )
    Total operating expenses     (4,336,035 )     (2,270,076 )
    Operating loss     (1,638,230 )     (1,561,199 )
                     
    Other expenses                
    Interest expenses, net     (1,496,504 )     (60,726 )
    Other non-operating income     387,816       998  
    Total other expenses     (1,108,688 )     (59,728 )
                     
    Loss before income taxes     (2,746,918 )     (1,620,927 )
    Income tax (provision)/ benefit     (340,441 )     215,161  
    Net loss     (3,087,359 )     (1,405,766 )
    Net loss attributable to the Company’s ordinary shareholders     (3,087,359 )     —  
    Other comprehensive income/(loss)                
    Foreign currency translation adjustment     28,114       (10,107 )
    Total comprehensive loss attributable to the Company’s ordinary shareholders     (3,059,245 )     (1,415,873 )
                     
    Loss per ordinary share attributable to ordinary shareholders                
    Basic and Diluted*     (0.90 )     (0.67 )
    Weighted average number of ordinary shares outstanding                
    Basic and Diluted*     3,415,533       2,084,890  
       
    Linkage Global Inc
    UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    FOR THE SIX MONTHS ENDED MARCH 31, 2025 AND 2024
    (In U.S. dollars, except for share and per share data, or otherwise noted)    		  
       
        For the six months ended
    March 31,    		  
        2025     2024  
        USD  
    CASH FLOWS FROM OPERATING ACTIVITIES:            
    Net loss     (3,087,359 )     (1,405,766 )
                     
    Adjustments to reconcile net loss to net cash used in operating activities:                
    Effect of exchange rate changes     202,551       1,184  
    Allowance for credit loss     1,344,218       568,229  
    Interest payable of convertible notes     1,555,689       —  
    Interest receivable from loan to third party     (386,261 )     —  
    Stock-Based Compensation     1,209,000       —  
    Depreciation     22,205       40,959  
    Amortization of lease right-of-use assets     114,791       110,229  
    Inventory provision     4,328       2,203  
    Deferred tax benefits     —       (216,713 )
    Changes in operating assets and liabilities:                
    Accounts receivable, net     (1,649,559 )     (725,166 )
    Prepaid expenses and other current assets, net     (261,232 )     (3,233,957 )
    Inventories, net     26,328       539,517  
    Accounts payable     (300,654 )     (320,628 )
    Contract liabilities     (325,142 )     25,350  
    Accrued expenses and other current liabilities     66,600       (5,188 )
    Amounts due from related parties     341,426       —  
    Amounts due to related parties     (314,238 )     (16,189 )
    Tax payable     (166,753 )     928,135  
    Operating lease liabilities     (134,909 )     (103,326 )
    Net cash used in operating activities     (1,738,971 )     (3,811,127 )
                     
    Cash flow from investing activities                
    Repayments of loan to a related party     (99,876 )     —  
    Loan to third party     (8,640,000 )     —  
    Net cash used in investing activities     (8,739,876 )     —  
                     
    Cash flow from financing activities                
    Proceeds from issuance of Class A ordinary shares upon the completion of IPO     —       5,356,792  
    Proceeds from Issuance of convertible notes     9,002,368       —  
    Proceeds from short-term debts     —       132,258  
    Repayments of short-term debts     (32,810 )     (33,726 )
    Repayments of long-term debts     (124,959 )     (179,420 )
    Repayments of other long-term debts     (108,037 )     (878,962 )
    Payments of listing expenses     —       (150,606 )
    Net cash provided by financing activities     8,736,562       4,246,336  
    Effect of exchange rate changes     69,634       (58,969 )
    Net change in cash and cash equivalents     (1,672,651 )     376,240  
    Cash and cash equivalents, beginning of the period     2,000,732       1,107,480  
    Cash and cash equivalents, end of the period     328,081       1,483,720  
                     
    Supplemental disclosures of cash flow information:                
    Income tax paid     —       150,124  
    Interest expense paid     33,056       65,901  
                     
    Supplemental disclosures of non-cash activities:                
    Obtaining right-of-use assets in exchange for operating lease liabilities     155,160       147,083  

    The MIL Network –

  • MIL-OSI: Linkage Global Inc Announces First Half 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    TOKYO, July 03, 2025 (GLOBE NEWSWIRE) — Linkage Global Inc (“Linkage Cayman”, or the “Company”), a cross-border e-commerce integrated services provider headquartered in Japan, today announced its unaudited financial results for the six months ended March 31, 2025.

    First Half 2025 Selected Financial Metrics

    • Total revenues decreased by approximately $1.30 million to approximately $3.50 million for the six months ended March 31, 2025, compared to approximately $4.80 million for the same period of 2024.
    • Gross profit increased by approximately $1.99 million to $2.70 million for the six months ended March 31, 2025, from approximately $0.71 million for the same period of 2024. Cross-border sales margin improved from 12.70% to 21.31%, while integrated e-commerce services margin rose from 50.67% to 93.56% during the same period.
    • Net loss increased from approximately $1.41 million for the six months ended March 31, 2024 to approximately $3.09 million for the six months ended March 31, 2025.

    First Half 2025 Financial Results

    Revenues

    Total revenues declined by approximately $1.30 million, or 27.02%, from approximately $4.80 million for the six months ended March 31, 2024, to approximately $3.50 million for the same period of 2025, mainly due to a sharp drop in cross-border sales.

    Revenues from cross-border sales fell by approximately $3.74 million, or 82.35%, from approximately $4.54 million for the six months ended March 31, 2024 to approximately $0.80 million for the six months ended March 31, 2025. EXTEND, our Japanese subsidiary, contributed $0.43 million or 12.32% of total revenue, down 87.66% year-over-year. This decline was driven by poor market response to its 3C electronics product strategy. In response, the Company shifted focus to higher-margin, fully managed e-commerce services and reallocated staff accordingly. The cross-border business is now being restructured, with new product selections and the Company plans to explore TikTok store and livestream sales in Japan.

    Revenues from Integrated e-commerce services surged by $2.44 million, or 930.08%, from approximately $0.26 million to $2.70 million for the six months ended March 31, 2025, largely due to the launch of fully managed e-commerce operations in 2025. This new model, contributing $2.59 million in revenue and $2.46 million in gross profit, involves end-to-end store management for merchants, with fees based on gross merchandize volume (GMV).

    Revenues from digital marketing dropped from approximately $0.13 million for the six months ended March 31, 2024 to approximately $0.08 million for the six months ended March 31, 2025, after ending the Google partnership in January 2025 and beginning deregistration in April. Revenues from training and consulting, TikTok agent services declined by $0.10 million, or 75.25%, from $0.13 million to $0.03 million.

    Cost of Revenues

    Cost of revenues fell 80.34%, from approximately $4.09 million for the six months ended March 31, 2024, to approximately $0.80 million for the same period in 2025. This was mainly due to a sharp drop in cross-border sales costs, which declined $3.33 million, or 84.09%, from $3.96 million to $0.63 million, reflecting reduced procurement in line with lower sales. In contrast, costs for integrated e-commerce services rose $0.04 million, or 34.55%, from $0.13 million to $0.17 million. Of this, $0.13 million was related to the new fully managed e-commerce business, primarily covering staff salaries. Commission costs declined due to the termination of related services.

    Gross Profit        

    Gross profit increased by approximately $1.99 million, or 280.57%, from approximately $0.71 million to approximately $2.70 million, mainly driven by the new fully managed e-commerce business, which contributed $2.46 million in profit with a 95.12% margin. The high margin was due to low operating costs, mostly staff salaries, with no enterprise resource planning development expenses in the current period as they were previously recognized. Cross-border sales margin improved from 12.70% to 21.31% due to a shift toward higher-margin products. Integrated e-commerce services margin rose from 50.67% to 93.56%, also driven by the new business model.

    Operating Expenses

    Operating expenses rose by 91.01%, from approximately $2.27 million to approximately $4.34 million, mainly due to higher general and administrative expenses, which increased 123.94%, from $1.74 million to $3.90 million for the six months ended March 31, 2025, which was primarily attributable to the allowance for credit loss, stock-based compensation and post-IPO financial and legal consulting fees.

    Selling and marketing expenses dropped 31.15%, from approximately $0.23 million to approximately $0.16 million, due to lower freight and advertising costs, as well as lower marketing and promotion expenses.

    Research and development expenses declined 7.87%, from approximately $0.30 million to approximately $0.27 million, as ERP development staff shifted to operational roles and their salaries were reclassified under business costs.

    Other Expenses

    Other expenses mainly include non-operating income and interest expenses, net. Non-operating income rose from $998 to approximately $0.39 million. Net interest expenses increased significantly from approximately $0.06 million to approximately $1.50 million, mainly due to the issuance of $10 million in convertible bonds in October 2024, with an actual interest rate of 42.52%, generating $1.56 million in interest expenses during the reporting period.

    Income Tax (Provision)/Benefit

    Income tax (provision) /benefit decreased by approximately $0.56 million, from approximately $0.02 million of tax benefit for the six months ended March 31, 2024 to approximately $0.34 million of tax expenses for the six months ended March 31, 2025. This decrease was primarily attributable to net profit for the fully managed e-commerce operation services with a tax rate of 16.5%.

    Net Loss

    As a result, net loss increased by approximately $1.68 million, or 119.62%, from approximately $1.41 million to approximately $3.09 million.

    About Linkage Global Inc

    Linkage Global Inc is a holding company incorporated in the Cayman Islands with no operations of its own. Linkage Cayman conducts its operations through its operating subsidiaries in Japan, Hong Kong, and mainland China. As a cross-border e-commerce integrated services provider headquartered in Japan, through its operating subsidiaries, the Company has developed a comprehensive service system comprised of two lines of business complementary to each other, including (i) cross-border sales and (ii) integrated e-commerce services. For more information, please visit www.linkagecc.com.

    Safe Harbor Statement

    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s annual reports on Form 20-F and other filings with the U.S. Securities and Exchange Commission.

    For more information, please contact:

    Investor Relations

    WFS Investor Relations Inc.

    Connie Kang, Partner

    Email: ckang@wealthfsllc.com

    Tel: +86 1381 185 7742

       
    Linkage Global Inc
    UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS
    AS OF MARCH 31, 2025 AND SEPTEMBER 30, 2024
    (In U.S. dollars, except for share and per share data, or otherwise noted)    		  
       
        As of
    March 31,
    2025    		     As of
    September 30,
    2024    		  
        USD  
    ASSETS            
    Current assets            
    Cash and cash equivalents     328,081       2,000,732  
    Accounts receivable, net     6,405,486       6,302,696  
    Inventories, net     35,675       66,331  
    Deposits paid to media platforms     —       482,650  
    Prepaid expenses and other current assets, net     1,625,517       2,689,581  
    Amount due from related parties     1,243,450       —  
    Short-term loan to third party     8,993,306       410,000  
    Interest receivable from loan to third party     386,261       —  
    Total current assets     19,017,776       11,951,990  
                     
    Non-current assets                
    Property and equipment, net     50,594       85,807  
    Right-of-use assets, net     516,167       653,730  
    Total non-current assets     566,761       739,537  
    TOTAL ASSETS     19,584,537       12,691,527  
                     
    LIABILITIES AND SHAREHOLDERS’ EQUITY                
    Current liabilities                
    Accounts payable     324,069       624,723  
    Accrued expenses and other current liabilities     303,413       236,813  
    Short-term debts     —       32,810  
    Current portion of long-term debts     243,557       428,702  
    Contract liabilities     208,483       533,625  
    Amounts due to related parties     —       314,544  
    Lease liabilities – current     203,600       231,978  
    Convertible notes     7,884,325       964,865  
    Interest payable of convertible notes     1,555,689       —  
    Income tax payable     850,866       1,017,619  
    Total current liabilities     11,574,002       4,385,679  
                     
    Non-current liabilities                
    Long-term debts     734,023       839,560  
    Lease liabilities – non-current     334,973       441,504  
    Total non-current liabilities     1,068,996       1,281,064  
    Total liabilities     12,642,998       5,666,743  
                     
    Commitments and contingencies (Note 21)                
                     
    Shareholders’ equity                
    Class A ordinary shares (par value of US$0.0025 per share; 998,000,000 ordinary shares authorized, 3,080,000 and 2,150,000 ordinary shares issued and outstanding as of March 31, 2025 and September 30, 2024, respectively) *     7,700       5,375  
    Class B ordinary shares (par value of US$0.0025 per share; 2,000,000 ordinary shares authorized, 700,000 and nil ordinary shares issued and outstanding as of March 31, 2025 and September 30, 2024, respectively) *     1,750       —  
    Additional paid in capital     8,564,021       5,591,596  
    Treasury Shares     (500 )     —  
    Statutory reserve     11,348       11,348  
    Retained earnings     (1,474,142 )     1,613,217  
    Accumulated other comprehensive loss     (168,638 )     (196,752 )
    Total shareholders’ equity     6,941,539       7,024,784  
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY     19,584,537       12,691,527  
       
    Linkage Global Inc
    UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
    FOR THE SIX MONTHS ENDED MARCH 31, 2025 AND 2024
    (In U.S. dollars, except for share and per share data, or otherwise noted)    		  
       
        For the six months ended
    March 31,    		  
        2025     2024  
        USD  
    Revenues     3,501,947       4,798,363  
    Cost of revenues     (804,142 )     (4,089,486 )
    Gross profit     2,697,805       708,877  
                     
    Operating expenses                
    General and administrative expenses     (3,904,027 )     (1,743,309 )
    Selling and marketing expenses     (157,637 )     (228,956 )
    Research and development expenses     (274,371 )     (297,811 )
    Total operating expenses     (4,336,035 )     (2,270,076 )
    Operating loss     (1,638,230 )     (1,561,199 )
                     
    Other expenses                
    Interest expenses, net     (1,496,504 )     (60,726 )
    Other non-operating income     387,816       998  
    Total other expenses     (1,108,688 )     (59,728 )
                     
    Loss before income taxes     (2,746,918 )     (1,620,927 )
    Income tax (provision)/ benefit     (340,441 )     215,161  
    Net loss     (3,087,359 )     (1,405,766 )
    Net loss attributable to the Company’s ordinary shareholders     (3,087,359 )     —  
    Other comprehensive income/(loss)                
    Foreign currency translation adjustment     28,114       (10,107 )
    Total comprehensive loss attributable to the Company’s ordinary shareholders     (3,059,245 )     (1,415,873 )
                     
    Loss per ordinary share attributable to ordinary shareholders                
    Basic and Diluted*     (0.90 )     (0.67 )
    Weighted average number of ordinary shares outstanding                
    Basic and Diluted*     3,415,533       2,084,890  
       
    Linkage Global Inc
    UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    FOR THE SIX MONTHS ENDED MARCH 31, 2025 AND 2024
    (In U.S. dollars, except for share and per share data, or otherwise noted)    		  
       
        For the six months ended
    March 31,    		  
        2025     2024  
        USD  
    CASH FLOWS FROM OPERATING ACTIVITIES:            
    Net loss     (3,087,359 )     (1,405,766 )
                     
    Adjustments to reconcile net loss to net cash used in operating activities:                
    Effect of exchange rate changes     202,551       1,184  
    Allowance for credit loss     1,344,218       568,229  
    Interest payable of convertible notes     1,555,689       —  
    Interest receivable from loan to third party     (386,261 )     —  
    Stock-Based Compensation     1,209,000       —  
    Depreciation     22,205       40,959  
    Amortization of lease right-of-use assets     114,791       110,229  
    Inventory provision     4,328       2,203  
    Deferred tax benefits     —       (216,713 )
    Changes in operating assets and liabilities:                
    Accounts receivable, net     (1,649,559 )     (725,166 )
    Prepaid expenses and other current assets, net     (261,232 )     (3,233,957 )
    Inventories, net     26,328       539,517  
    Accounts payable     (300,654 )     (320,628 )
    Contract liabilities     (325,142 )     25,350  
    Accrued expenses and other current liabilities     66,600       (5,188 )
    Amounts due from related parties     341,426       —  
    Amounts due to related parties     (314,238 )     (16,189 )
    Tax payable     (166,753 )     928,135  
    Operating lease liabilities     (134,909 )     (103,326 )
    Net cash used in operating activities     (1,738,971 )     (3,811,127 )
                     
    Cash flow from investing activities                
    Repayments of loan to a related party     (99,876 )     —  
    Loan to third party     (8,640,000 )     —  
    Net cash used in investing activities     (8,739,876 )     —  
                     
    Cash flow from financing activities                
    Proceeds from issuance of Class A ordinary shares upon the completion of IPO     —       5,356,792  
    Proceeds from Issuance of convertible notes     9,002,368       —  
    Proceeds from short-term debts     —       132,258  
    Repayments of short-term debts     (32,810 )     (33,726 )
    Repayments of long-term debts     (124,959 )     (179,420 )
    Repayments of other long-term debts     (108,037 )     (878,962 )
    Payments of listing expenses     —       (150,606 )
    Net cash provided by financing activities     8,736,562       4,246,336  
    Effect of exchange rate changes     69,634       (58,969 )
    Net change in cash and cash equivalents     (1,672,651 )     376,240  
    Cash and cash equivalents, beginning of the period     2,000,732       1,107,480  
    Cash and cash equivalents, end of the period     328,081       1,483,720  
                     
    Supplemental disclosures of cash flow information:                
    Income tax paid     —       150,124  
    Interest expense paid     33,056       65,901  
                     
    Supplemental disclosures of non-cash activities:                
    Obtaining right-of-use assets in exchange for operating lease liabilities     155,160       147,083  

    The MIL Network –

  • MIL-OSI USA: Grothman Celebrates Historical Wins in the One Big Beautiful Bill

    Source: United States House of Representatives – Congressman Glenn Grothman (R-Glenbeulah 6th District Wisconsin)

    Congressman Glenn Grothman (WI-06) celebrated major victories today following the House passage of the One Big Beautiful Bill Act, a landmark reconciliation bill that advances President Trump’s America First agenda, delivers crucial tax relief, and reins in waste, fraud, and abuse across the federal government. 

    The legislation protects Americans from devastating tax increases by making President Trump’s 2017 tax cuts permanent. Without action, families in Wisconsin’s Sixth District were facing an average $1,486 tax hike. By locking in the cuts, this bill protects the paychecks of hardworking Americans and ensures they keep more of their hard-earned money. It also eliminates taxes on tips and overtime pay, delivers additional tax relief for seniors, and strengthens the economy for middle-class families. 

    In addition to economic relief, the bill strengthens national security by fully funding President Trump’s border wall system and increasing immigration enforcement. It restores commonsense work requirements for able-bodied adults receiving taxpayer-funded benefits, ensuring safety-net programs like Medicaid are preserved for those who truly need them. 

    The bill includes Congressman Grothman’s FEHB Protection Act, which imposes new verification measures and audits on the Federal Employees Health Benefits program to remove ineligible beneficiaries, a reform projected to save taxpayers more than $2 billion.  

    It also includes parts of Grothman’s CREATE JOBS Act, including extending the bonus depreciation provisions from the Tax Cuts and Jobs Act, preserving full expensing for research and development investments, and applying neutral cost recovery to manufacturing commercial structures through 2029. These provisions will fuel job creation, support American manufacturing, and foster economic innovation.  

    “The passage of the One Big Beautiful Bill is a historic victory for Americans, as we’ve avoided the largest tax hike in our nation’s history,” said Grothman. “The American people gave us a mandate after four years of failure under President Biden to revive prosperity in our country. I’m proud to stand with Congressional Republicans and President Trump to deliver a bill that works in the best interests of Americans. The One Big Beautiful Bill strengthens our government programs for the people they were intended to serve, while rooting out the waste, fraud, and abuse that have plagued our systems for far too long. Hardworking Americans will see the benefits of our commonsense conservative policies. I was proud to vote yes to help move America toward further greatness.” 

    U.S. Rep. Glenn Grothman (R-Glenbeulah) proudly serves the people of Wisconsin’s 6th Congressional District in the U.S. House of Representatives 

    MIL OSI USA News –

  • MIL-OSI Russia: IMF Executive Board Completes the Second Reviews Under the Extended Credit Facility and the Resilience and Sustainability Facility Arrangements with the Republic of Madagascar

    Source: IMF – News in Russian

    July 3, 2025

    • The IMF Executive Board completed the Second Reviews under the Extended Credit Facility (ECF) arrangement and the Resilience and Sustainability Facility (RSF) arrangement for the Republic of Madagascar, allowing for an immediate disbursement of SDR 77.392 million (about US$107 million).
    • Madagascar’s performance under the ECF and RSF has been satisfactory. The recent adoption of a recovery plan for the public utilities company (JIRAMA) and the continued implementation of the automatic fuel price adjustment mechanism will release space for critical development needs while helping improve energy supply.
    • Recent weather-related events, reduction in official development assistance (ODA) and the U.S tariff hike risk setting Madagascar back; they constitute a wakeup call.

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed today the Second Reviews under the 36-month Extended Credit Facility (ECF) arrangement and under the 36-month Resilience and Sustainability Facility (RSF) arrangement. The ECF and RSF arrangements were approved by the IMF Executive Board in June 2024 (see PR24/232). The authorities have consented to the publication of the Staff Report prepared for this review.[1]

    The completion of the reviews allows for the immediate disbursement of SDR 36.66 million (about US$50 million) under the ECF arrangement and of SDR 40.732 million (about US$56 million) under the RSF arrangement.

    Madagascar has been hit by a myriad of shocks this year, including weather-related events and the dual external shock of ODA reduction (by about 1 percent of GDP) and U.S. tariff hike (47 percent initially). These developments would take a toll on growth, considering the country’s high dependence on external financial support and the exposure of its vanilla sector and textile industry to the U.S. market. Growth in 2025 would be lower-than-previously expected at 4 percent.

    The current account deficit widened to 5.4 percent of GDP in 2024, due to continued weak performance in some mining subsectors; it is expected to widen further (to 6.1 percent of GDP) this year, amidst challenging prospects in the textile industry and the vanilla sector.

    Program performance has been satisfactory, with all end-December 2024 quantitative performance criteria and three out of four indicative targets having been met. M3 growth was within the bands of the Monetary Policy Consultation Clause. All but one structural benchmark for the review period were also met. On the RSF front, a new forest carbon framework that promotes private sector participation in the reforestation was adopted and the National Contingency Fund for disaster risk management was operationalized.

    At the conclusion of the Executive Board discussion, Mr. Nigel Clarke, Deputy Managing Director, and Acting Chair, made the following statement:

    “Performance improved gradually over the first half year of the program, following delays related to mayoral elections; all but one of the end-December 2024 quantitative targets were met, and notable progress was achieved in the structural reform agenda. Recent weather-related and external shocks call for spending reprioritization, deliberate contingency planning in budget execution, and letting the exchange rate act as a shock absorber.

    “The recent adoption of a recovery plan for the public utilities company (JIRAMA) is a step in the right direction. Its swift implementation will help address pervasive disruptions in the provision of electricity to households and businesses, while limiting calls on the State budget. The continued implementation of the automatic fuel pricing mechanism will also help contain fiscal risks with targeted measures to support the most vulnerable.

    “Pressing ahead with domestic revenue mobilization efforts and enhancing public financial management and the public investment process remain key to fiscal sustainability. Early preparations for the 2026 budget will allow for stronger buy-in from domestic stakeholders; the budget should be anchored in a well-articulated medium-term fiscal strategy that accounts for the implementation of JIRAMA’s recovery plan and creates space for critical development spending.

    “While inflation has receded slightly from its January peak, the central bank (BFM) should not loosen monetary policy until inflation is on a firm downward path. Further improvements in liquidity management, forecasting and communication will strengthen the implementation of the BFM’s interest-based monetary policy framework. Maintaining a flexible exchange rate will help absorb external shocks.

    “A swift implementation of the authorities’ anti-corruption strategy (2025-2030), together with a homegrown action plan for implementing key recommendations from the IMF Governance Diagnostic Assessment (GDA), will improve transparency and the rule of law, support the authorities fight against corruption and protect the public purse.

    “The authorities’ continued commitment to their reform agenda under the Resilience and Sustainability Facility (RSF) will support climate adaptation in Madagascar and complement the Extended Credit Facility (ECF) in fostering overall socio-economic resilience.”

    Table. Madagascar: Selected Economic Indicators
                 
     

    2022

    2023

    2024

    		  

    2025

    2026
                 
     

    Est.

    		  

    Proj.
     

    (Percent change; unless otherwise indicated)

    National Account and Prices

    		            

    GDP at constant prices

    4.2

    4.2

    4.2

    		  

    4.0

    4.0

    GDP deflator

    9.6

    7.5

    7.6

    		  

    8.3

    7.0

    Consumer prices (end of period)

    10.8

    7.5

    8.6

    		  

    8.3

    7.3
                 

    Money and Credit

    		            

    Broad money (M3)

    13.8

    8.6

    14.6

    		  

    13.7

    8.7
                 
     

    (Growth in percent of beginning-of-period money stock (M3))

    Net foreign assets

    0.8

    18.2

    9.8

    		  

    1.5

    1.4

    Net domestic assets

    13.0

    -9.7

    4.8

    		  

    12.2

    7.4

    of which: Credit to the private sector

    9.8

    0.7

    5.6

    		  

    6.0

    6.2
                 
     

    (Percent of GDP)

    Public Finance

    		            

    Total revenue (excluding grants)

    9.5

    11.5

    11.4

    		  

    11.2

    12.0

    of which: Tax revenue

    9.2

    11.2

    10.9

    		  

    10.7

    11.7

    Grants

    1.3

    2.3

    2.3

    		  

    0.7

    0.4
                 

    Total expenditures

    16.2

    17.9

    16.2

    		  

    15.7

    16.5

    Current expenditure

    10.8

    10.9

    9.6

    		  

    9.7

    9.5

    Capital expenditure

    5.4

    7.0

    6.6

    		  

    6.0

    7.0
                 

    Overall balance (commitment basis)

    -5.5

    -4.2

    -2.6

    		  

    -3.9

    -4.1

    Domestic primary balance1

    -1.8

    -0.3

    1.3

    		  

    0.3

    1.4

    Primary balance

    -4.9

    -3.5

    -1.9

    		  

    -2.9

    -3.0
                 

    Total financing

    4.7

    4.2

    2.7

    		  

    4.3

    4.3

    Foreign borrowing (net)

    2.4

    3.0

    2.6

    		  

    3.5

    3.7

    Domestic financing

    2.2

    1.2

    0.1

    		  

    0.8

    0.5

    Fiscal financing need2

    0.0

    0.0

    0.0

    		  

    0.0

    0.0
                 

    Savings and Investment

    		            

    Investment

    21.8

    19.9

    22.2

    		  

    23.1

    24.2

    Gross national savings

    16.8

    15.9

    16.9

    		  

    17.0

    18.2
                 

    External Sector

    		            

    Exports of goods, f.o.b.

    23.0

    19.5

    14.8

    		  

    13.5

    13.2

    Imports of goods, c.i.f.

    33.8

    28.0

    26.4

    		  

    25.7

    25.5

    Current account balance (exc. grants)

    -6.6

    -6.3

    -8.1

    		  

    -6.8

    -6.4

    Current account balance (inc. grants)

    -5.4

    -4.1

    -5.4

    		  

    -6.1

    -6.0
                 

    Public Debt

    50.0

    52.7

    50.3

    		  

    50.9

    52.2

    External Public Debt (inc. BFM liabilities)

    36.1

    37.8

    36.7

    		  

    38.5

    40.4

    Domestic Public Debt

    13.9

    14.8

    13.6

    		  

    12.4

    11.7
                 
     

    (Units as indicated)

    Gross official reserves (millions of SDRs)

    1,601

    1,972

    2,189

    		  

    2,297

    2,337

    Months of imports of goods and services

    4.2

    5.7

    6.2

    		  

    6.2

    6.0

    GDP per capita (U.S. dollars)

    529

    533

    569

    		  

    596

    621
                 

    Sources: Malagasy authorities; and IMF staff estimates and projections.

    1 Primary balance excl. foreign-financed investment and grants.

    		      

    2 A negative value indicates a financing gap to be filled by budget support or other financing still to be committed or identified.

    [1] Under the IMF’s Articles of Agreement, publication of documents that pertain to member countries is voluntary and requires the member consent. The staff report will be shortly published on the www.imf.org/MDG page.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Tatiana Mossot

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/07/03/pr-25239-madagascar-imf-completes-2nd-rev-under-ecf-and-rsf-arrang

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI USA: Office of the Governor – News Release – Governor, Congressional Delegation Joint Statement on Republican Tax Bill

    Source: US State of Hawaii

    Office of the Governor – News Release – Governor, Congressional Delegation Joint Statement on Republican Tax Bill

    Posted on Jul 3, 2025 in Latest Department News, Newsroom, Office of the Governor Press Releases

    STATE OF HAWAIʻI
    KA MOKU ʻĀINA O HAWAIʻI
     
    JOSH GREEN, M.D.
    GOVERNOR
    KE KIAʻĀINA
     

    GOVERNOR, CONGRESSIONAL DELEGATION JOINT STATEMENT ON REPUBLICAN TAX BILL

    Governor, Delegation: We Are Mobilizing Now To Respond, Protect People

    FOR IMMEDIATE RELEASE
    July 3, 2025

    HONOLULU – Governor Josh Green, M.D., U.S. Senators Brian Schatz and Mazie K. Hirono, and U.S. Representatives Ed Case and Jill Tokuda today released the following statement after Congress passed a Republican tax bill that will cut healthcare coverage through Med-QUEST for more than 40,000 people in Hawai‘i, gut food assistance programs that more than 20,000 Hawai‘i families rely on, and raise the national debt by $3.3 trillion. The bill now goes to the president to be signed into law.

    “The Republican tax bill breaks promises, and guts funding for healthcare and food assistance that thousands of Hawai‘i families rely on every day. It’s a terrible bill that we all strongly opposed.

    “While it won’t be easy to stop all the damage from these cuts, we’re moving quickly to protect our communities. Over the next few weeks, we’ll be meeting with state and local officials, community partners, and service providers to assess the fiscal impact on Hawai‘i and develop operational plans to blunt the harm. That includes coordinating resources, setting local priorities, and making sure the most vulnerable aren’t left without support. These next few years won’t be easy, but we are mobilizing now to respond, protect our people, and make sure Hawai‘i can weather what’s coming.”

     # # #

    Media Contacts:  
    Erika Engle
    Press Secretary
    Office of the Governor, State of Hawai‘i
    Office: 808-586-0120
    Email: [email protected]

    Makana McClellan
    Director of Communications
    Office of the Governor, State of Hawaiʻi
    Cell: 808-265-0083
    Email: [email protected]

    Mike Inacay
    Communications Director
    U.S. Senator Brian Schatz
    [email protected]

    George Flynn
    Communication Director
    U.S. Senator Mazie K. Hirono
    [email protected]

    Nestor Garcia
    Communications Director
    U.S. Representative Ed Case
    [email protected]

    Kristine Uyeno
    Communications Director
    U.S. Representative Jill Tokuda
    [email protected]

    MIL OSI USA News –

  • MIL-OSI USA: Kean Supports Passage of Full Reconciliation Bill

    Source: US Representative Tom Kean, Jr. (NJ-07)

    Contact: Riley Pingree

    (July 3, 2025) WASHINGTON, D.C. — Congressman Tom Kean, Jr. (NJ-07) released the following statement after voting in favor of the final reconciliation package this afternoon. The legislation passed by a vote of 218 to 214 and now heads to the President’s desk to be signed into law. The bill marks a significant victory for middle-class taxpayers, protects health care for our most vulnerable populations, and combats waste, fraud, and abuse in federal programs.

    Kean said, “This afternoon, Congress passed a commonsense legislative package that was a major win for New Jerseyans and Americans across the country. We secured the full SALT deduction for every middle-class family in New Jersey. I never backed down from the fight for SALT relief, standing up to Democrats and Republicans alike to quadruple the deduction to $40,000. I also stood with American innovators, voting to renew R&D tax credits for the research and development that businesses do to fuel ingenuity and job creation. 

    “I voted to safeguard Medicaid for every intended beneficiary in the Garden State and nationwide. By rooting out waste, fraud, and abuse, we are preserving this vital program for today’s recipients and future generations. I also voted to protect New Jersey’s expansion of certain critical supplemental payments they receive from the federal government—an important financing tool that hospitals, nursing homes, and other health care providers rely on to serve Medicaid patients. Finally, this bill allocates $50 billion over five years to hospitals and health care providers, ensuring patients continue to receive quality care in New Jersey and throughout the country.

    “We permanently increased the Child Tax Credit to $2,200, delivering meaningful relief to young families still struggling under the weight of four years of record inflation. We secured necessary resources for Somerset and Morris Counties, and the entire state, by investing tens of millions of dollars in local and state law enforcement to better equip them to protect President Trump and surrounding communities.

    “We made significant progress on key priorities like securing the border, unleashing American energy and advancement, and strengthening national security—all while cutting wasteful spending, advancing affordability, and making the federal government both more efficient and more accountable.

    “Once President Trump signs this bill into law, life will become more affordable for residents of New Jersey’s Seventh District. They will see immediate tax relief, greater transparency from Washington, and more support for innovation. This is a crucial step toward a stronger, more secure future for the next generation.”

     Key Wins in the Full Reconciliation Package for New Jersey and the Nation:

    • SALT Deduction Raised: Raises the cap on the State and Local Tax deduction to $40,000, providing major relief for all middle-class families.
    • Medicaid Integrity Restored: Ensures benefits go only to eligible recipients and that those who are able to contribute to their community are doing so in order to receive Medicaid benefits. Provides additional funding for New Jersey’s health care providers beginning in 2026.
    • Secret Service Reimbursement Secured: Secures vital federal support for local and state law-enforcement who provide protection when President Trump is at his home in Bedminster.
    • Border Security Strengthened: Provides resources to support border patrol agents, detect illegal drug smuggling, and secure our southern border.
    • American Energy Independence Advanced: Unleashes American energy production to help us meet our growing energy needs.
    • Child Tax Credit Boosted: Permanently increased to $2,200 and adjusted for inflation, offering direct support for families after years of rising costs.
    • “Doc Fix” Enacted: Addresses long-standing Medicare physician payment issues to ensure that New Jersey’s doctors receive fair reimbursement for their important services.
    • Orphan Cures Act Passed: Eliminates a misguided law that slowed the development of drugs for patients with rare diseases. Many of these treatments are developed by New Jersey’s unparalleled biotech innovation industry.
    • Air Traffic Control Modernized: Delivers a $12.5 billion investment to overhaul, modernize, and staff our air traffic control system. 

    ###

    MIL OSI USA News –

  • MIL-OSI USA: One Big Beautiful Bill Passes House, Headed to President Trump’s Desk

    Source: United States House of Representatives – Representative Mariannette Miller-Meeks’ (IA-02)

    Washington, D.C. – The U.S. House of Representatives has officially passed the final version of President Trump’s One Big Beautiful Bill Act, following Senate approval. The bill now heads to the President’s desk to be signed into law, delivering on the America First mandate to secure the border, protect working Americans, and make the Tax Cuts and Jobs Act permanent.

    Statement from Rep. Miller-Meeks on the Passage of H.R.1:

    “Today, the House delivered on the mandate given to us by 77 million Americans and passed President Trump’s One Big Beautiful Bill.

    This legislation prevents the largest tax hike on Iowa families and small businesses in history by making the Tax Cuts and Jobs Act permanent. It reduces taxes on tips and overtime, doubles the child tax credit, provides a $6,000 tax break for seniors, brings manufacturing jobs back to America, and restores our energy dominance. After four years of crushing inflation and high energy costs under Joe Biden, this bill delivers the relief hardworking Americans deserve.

    It also secures the border for good by ending catch-and-release, finishing the fence, and hiring thousands of new agents with the tools to stop crime, fentanyl, and chaos.

    This bill strengthens and preserves Medicaid for those it was intended to serve: children, pregnant women, seniors, veterans, and people with disabilities. It also delivers $50 billion in new relief for rural hospitals serving communities like ours.

    This is a once-in-a-generation victory for the American people. I was proud to vote for it and look forward to President Trump signing it into law just in time for Independence Day.”

    ###

    MIL OSI USA News –

  • MIL-OSI USA: U.S. House Passes One Big Beautiful Bill Act

    Source: United States House of Representatives – Congresswoman Kat Cammack (R-FL-03)

    Washington, D.C. — Today, the U.S. House of Representatives passed the One Big Beautiful Bill Act—a historic package that secures our border, cuts taxes, strengthens rural communities, and delivers real results for Americans. Congresswoman Kat Cammack (FL-03) released the following statement following its passage:

    “Florida’s Third District is home to hardworking families, first responders, small businesses, and rural communities—and this bill reflects their priorities.

    It permanently extends the Trump Tax Cuts, preventing the largest tax hike in U.S. history. Without these provisions, more than 452,000 taxpayers in FL-03 would face higher rates, over 81,000 families would see their Child Tax Credit cut in half, and local small businesses and farms would be devastated by rising taxes. This bill stops that.

    It also puts money back in families’ pockets by eliminating federal taxes on tips, overtime, and car loan interest. It protects rural hospitals, cleans up waste in programs like SNAP and Medicaid, and ensures benefits go to those who truly need them—not illegal immigrants or elite institutions gaming the system.

    Most importantly, this bill secures our southern border with the strongest enforcement measures in a generation—deploying new technology, adding more boots on the ground, and reinstating policies that stop the flow of illegal crossings and fentanyl at the source.

    This is what Americans voted for last November. They demanded tax relief, secure borders, and real accountability in Washington, and that’s exactly what this bill delivers. This is what the America First agenda looks like, and I’m proud to support it.”

    ###

    MIL OSI USA News –

  • MIL-OSI USA News: HISTORY MADE: The One Big Beautiful Bill Is on Its Way to President Trump’s Desk

    Source: US Whitehouse

    class=”has-text-align-center”>“President Trump’s One Big, Beautiful Bill delivers on the commonsense agenda that nearly 80 million Americans voted for – the largest middle-class tax cut in history, permanent border security, massive military funding, and restoring fiscal sanity. The pro-growth policies within this historic legislation are going to fuel an economic boom like we’ve never seen before. President Trump looks forward to signing the One Big, Beautiful Bill into law to officially usher in the Golden Age of America.” — Press Secretary Karoline Leavitt

    The House of Representatives just officially PASSED the One Big Beautiful Bill, giving final approval to President Donald J. Trump’s landmark legislation in what is being called the “biggest legislative win of President Trump’s two terms.”

    Now, the largest middle-class tax cut in American history — and so much more — is on its way to President Trump’s desk.

    Again and again, Democrats tried to block historic tax relief, increased border security, higher wages, an expanded Child Tax Credit, No Tax on Tips, No Tax on Overtime, No Tax on Social Security, savings accounts for newborns, and so much more — but again and again, President Trump and Republicans fought and won for the American people.

    “This could not be a bigger deal for President Trump and his administration,” said CNN. “Because they believe this bill really encapsulates everything President Trump wants to do with his agenda.”

    MIL OSI USA News –

  • MIL-OSI Africa: National Revenue Authority Board Pays Courtesy Call on Sierra Leone’s President Julius Maada Bio, Updates on Revenue Mobilization Efforts

    Source: APO


    .

    His Excellency President Julius Maada Bio today received members of the Board of the National Revenue Authority (NRA) at State House, where the delegation briefed him on the authority’s ongoing activities and performance.

    Board Chairman Mr. Kabineh Kallon, in his opening remarks, expressed gratitude to President Bio for granting them audience and congratulated him on his recent election as Chairman of the Authority of ECOWAS Heads of State and Government. He noted that the visit was to update the President on the NRA’s work, acknowledging that despite the numerous challenges faced by the authority, it has remained committed to mobilizing revenue for the State.

    Commissioner-General Madam Jeneba Kamara reaffirmed the NRA’s commitment to fulfilling its mandate. She acknowledged the operational challenges but assured the President that the authority is working diligently to enhance revenue collection and improve compliance across the board.

    In his response, President Bio welcomed the NRA delegation and expressed appreciation for the briefing. He emphasized the critical importance of the NRA’s work to the country’s development.

    “Your sole mandate is to mobilize revenue for the State. The State can only function effectively when it has the resources to do so,” the President stated. He described the NRA as the “breadbasket of the nation” and urged the Board to remain vigilant and proactive in generating income that can be used to finance national development priorities.

    Board member Madam Memuna Rogers, also addressed the meeting, highlighting the progress and initiatives made in maximizing revenue mobilization. She further explained that the NRA had instituted enhanced compliance measures to encourage taxpayers to meet their obligations, a move that will be critical in meeting next year’s revenue targets.

    The visit reaffirmed the NRA’s commitment to supporting national development through consistent and improved revenue generation.

    Distributed by APO Group on behalf of State House Sierra Leone.

    MIL OSI Africa –

  • MIL-OSI USA: Senator Murray Statement on House Passage of “Big, Ugly Betrayal” Cutting Health Care & SNAP for WA State Families to Fund Tax Cuts for Billionaires

    US Senate News:

    Source: United States Senator for Washington State Patty Murray
    In Washington state, at least 328,695 people will lose health care under Republican bill; 900,000 Washingtonians could see SNAP benefits reduced or eliminated; 14 rural hospitals will be at risk of closure
    ICYMI: Senator Murray Statement on Senate Republicans’ Passage of Big, Ugly Bill
    ICYMI: In Senate Floor Speech, Murray Rails Against Republican Bill That Rips Away Health Care, Nutrition Assistance, Abortion Access & Balloons National Debt to Fund Tax Cuts for Billionaires; VIDEO HERE
    ICYMI: On Senate Floor, Murray Again Slams Republicans for Using Deceptive Tactics to Hide True Cost of Deficit-Busting Tax Cuts for Billionaires
    ICYMI: Republicans Block Murray Amendment to Stop Republicans’ Big Ugly Betrayal Bill From Defunding Planned Parenthood
    Washington, D.C. – U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, released the following statement on House Republicans passing the partisan Republican reconciliation bill—the so-called “One Big Beautiful Bill Act”—by a vote of 218-214 on Thursday afternoon. On Tuesday, Senator Murray voted against the legislation in the Senate; where it passed 51-50, with Vice President JD Vance voting with Republicans to break the tie. The legislation now heads to President Trump’s desk.
    “Republicans’ Big, Ugly Betrayal Bill is the largest transfer of wealth from people who have the least, to the people who have the most, in our nation’s history. This bill is un-American and flat-out wrong.
    “It’s impossible to overstate how devastating the Republican legislation will be for the millions of struggling families who will pay for these billionaire tax breaks with deep cuts to their health care and nutrition benefits, while getting essentially nothing in return. 17 million Americans will lose their health insurance under this bill, including more than 328,000 people in Washington state who rely on Apple Health and Affordable Care Act coverage. 40 million Americans will see their grocery costs go up as the SNAP benefits they rely on to feed their families disappear. By defunding Planned Parenthood, this bill is a step toward Republicans’ dystopian plan for a Backdoor Nationwide Abortion Ban where women can’t get the health care they need, no matter what state they live in.
    “Republicans’ bill also makes detrimental and utterly shortsighted cuts to clean energy tax credits, raising families’ energy bills and eliminating millions of manufacturing jobs across the country. Countless farmers in Eastern and Central Washington are relying on these tax credits to help power their farms, and these cuts will raise their energy costs and undermine their ability to expand their businesses and invest back in their communities.
    “Republicans chose to ignore every warning about how terrible this bill really is and force it through, over the objections of Democrats and even members of their own party, for no other reason than because Trump said so. In the end, the American people will have their voices heard and will show Republicans exactly how they feel about this monstrous bill at the ballot box.”
    Senate passage came after an overnight “vote-a-rama” where Democrats forced Republicans to take dozens of tough votes on a wide array of issues, from protecting rural hospitals to preserving food assistance for families to extending expiring tax credits that help millions of families afford health care. And the nearly 30-hour vote-a-rama came after Senate Democrats forced more than 10 hours of debate and a full reading of every word of Republicans’ 940-page bill. During vote-a-rama, Senator Murray put forward an amendment to strike a provision of the legislation that achieves anti-abortion extremists’ long-sought goal of “defunding” Planned Parenthood by cutting off Planned Parenthood health centers from receiving federal Medicaid funding for the care they provide for millions of low-income women across the country—including birth control, cancer screenings, STI testing and treatment, and wellness exams. Republicans blocked the amendment, 51-49.
    On Sunday, Senator Murray delivered a lengthy speech on the Senate floor where she laid out in detail how Republicans’ One Big Beautiful Bill Act will rip away health care from millions of Americans, shutter the doors of hospitals and health care clinics across the country, make the largest cuts to Medicaid and nutrition assistance in history, and blow up the national debt—all so Republicans can fund massive tax breaks for billionaires. Murray also spoke out repeatedly during debate on the Senate floor against Republicans’ use of a so-called “current policy baseline” to hide the true cost of their deficit-busting tax cuts for billionaires.
    Republicans’ 940-page bill, which they released in the dead of night, cuts more than $900 billion from Medicaid—$100 billion more than the House bill. That means about 17 million Americans will lose their health care, according to estimates from the nonpartisan Congressional Budget Office (CBO), and more than 300 rural hospitals and over 500 nursing homes could close because of the legislation. The legislation makes the largest cut to the Supplemental Nutrition Assistance Program (SNAP) in history and will rip away nutrition assistance entirely from more than 5 million Americans and shift tens of billions of dollars in costs to states. The legislation also increases the debt by nearly $4 trillion dollars—nearly a trillion more than the House bill. About two in three Americans oppose the bill.
    In Washington state, 1.95 million people rely on Apple Health, Washington state’s Medicaid program, and over 300,000 Washingtonians access coverage through the state’s Affordable Care Act marketplace (Washington Healthplanfinder). The Joint Economic Committee estimates that at least 328,695 people in Washington state would lose their health insurance under the Republican legislation—that includes 198,050 people who would be kicked off Medicaid and 108,262 people who would lose their coverage under the Affordable Care Act. Among other things, Republicans’ bill would institute work reporting requirements for Medicaid, which have been proven not to increase employment and just strip health care coverage from people who are already working or exempt—this would put more than 620,000 Washingtonians at risk of losing their health care coverage or having it delayed. Fourteen rural hospitals in Washington state would be at risk of closure under the Republican bill. The legislation also “defunds” Planned Parenthood for the next year, threatening the closure of up to 200 health centers across the country—90 percent of them in states where abortion is legal. 11 percent of Washington state residents rely on SNAP, and the Washington State Department of Social and Health Services estimated that more than 900,000 people across the state could their see SNAP benefits reduced or eliminated under the House bill—the Senate bill is just as extreme.
    Senator Murray has held constant recent events—including multiple events in Washington state—to sound the alarm on Republicans’ devastating reconciliation bill and encourage constituents to raise their voices and call on their Members of Congress to oppose the legislation.

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Gabe Vasquez Statement on How Republicans’ Big, Ugly Bill Hurts New Mexico

    Source: US Representative Gabe Vasquez’s (NM-02)

    WASHINGTON, D.C. – Today, U.S. Representative Gabe Vasquez (NM-02) issued the following statement in response to the passage of the Republican reconciliation bill, which slashes programs that support working families, children, seniors, and rural communities across New Mexico in order to pay for tax cuts for billionaires.

    “Republicans just chose to pass a bill that will make life harder and more expensive for the American people. They chose the billionaire class over the working class. The pain this will cause will echo for generations,” said Vasquez. “When millions lose their health care, local hospitals close, utility bills skyrocket, and kids are left hungry, New Mexicans will remember today as the day Republicans sold them out to billionaires.”

    What this bill means for NM-02:

    • Over 110,000 New Mexicans at Risk of Losing Health Care : This Republican bill will cut support for Medicaid, jeopardizing benefits for more than 110,000 patients across New Mexico – 40,000 of those in Rep. Vasquez’s district.
    • Eight Rural Hospitals Serving Residents of NM-02 at Risk of Closing: Carlsbad Medical Center, Socorro General Hospital, Mimbres Memorial Hospital, Covenant Health Hobbs Hospital, Lincoln County Medical Center, and three other nearby hospitals that serve residents of Rep. Vasquez’s district are at risk of having to reduce services or close their doors completely due to health care provisions in the Big Ugly Bill. Expectant mothers in Hatch will go without critical prenatal support, grandparents in Silver City will lose access to long-term care, and kids in Hobbs will need to travel farther for emergency surgeries.
    • More Kids Will Go Hungry: Republicans have chosen to slash $180 billion from SNAP and nutrition assistance benefits, meaning over 175,000 New Mexicans could lose access to vital food assistance programs as a result.
    • Utility Bills to Soar by 25% Annually: The cuts to clean energy tax credits imposed by this bill could force New Mexicans to pay more than $500 more per year to keep the lights on. 
    • Supporters of the bill say it will usher America into an age of fiscal responsibility, but it won’t. It will increase the national debt by as much as $5 trillion dollars to fund tax cuts to the wealthy.

    Additional Republican priorities at the expense of New Mexicans’ health care: 

    • Special tax exemptions for whaling-boat captains
    • Tax exemptions to purchase firearm silencers
    • Spending $85 million for a pet project to move Space Shuttle Discovery to Texas
    • An unreasonable tax increase for poker players, legal sports bettors, and casino patrons 
    • Rescinds tax credit for lowering air pollution near schools 

    As a first-generation Mexican-American who was raised along the border, Rep. Vasquez knows firsthand how these cuts will make life harder for working class people across New Mexico as they try to make ends meet each month. He will continue to advocate for a fair economy and government that works for everyone — not just the ultra-wealthy.

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    MIL OSI USA News –

  • MIL-OSI USA: Rep. Gabe Vasquez Statement on How Republicans’ Big, Ugly Bill Hurts New Mexico

    Source: US Representative Gabe Vasquez’s (NM-02)

    WASHINGTON, D.C. – Today, U.S. Representative Gabe Vasquez (NM-02) issued the following statement in response to the passage of the Republican reconciliation bill, which slashes programs that support working families, children, seniors, and rural communities across New Mexico in order to pay for tax cuts for billionaires.

    “Republicans just chose to pass a bill that will make life harder and more expensive for the American people. They chose the billionaire class over the working class. The pain this will cause will echo for generations,” said Vasquez. “When millions lose their health care, local hospitals close, utility bills skyrocket, and kids are left hungry, New Mexicans will remember today as the day Republicans sold them out to billionaires.”

    What this bill means for NM-02:

    • Over 110,000 New Mexicans at Risk of Losing Health Care : This Republican bill will cut support for Medicaid, jeopardizing benefits for more than 110,000 patients across New Mexico – 40,000 of those in Rep. Vasquez’s district.
    • Eight Rural Hospitals Serving Residents of NM-02 at Risk of Closing: Carlsbad Medical Center, Socorro General Hospital, Mimbres Memorial Hospital, Covenant Health Hobbs Hospital, Lincoln County Medical Center, and three other nearby hospitals that serve residents of Rep. Vasquez’s district are at risk of having to reduce services or close their doors completely due to health care provisions in the Big Ugly Bill. Expectant mothers in Hatch will go without critical prenatal support, grandparents in Silver City will lose access to long-term care, and kids in Hobbs will need to travel farther for emergency surgeries.
    • More Kids Will Go Hungry: Republicans have chosen to slash $180 billion from SNAP and nutrition assistance benefits, meaning over 175,000 New Mexicans could lose access to vital food assistance programs as a result.
    • Utility Bills to Soar by 25% Annually: The cuts to clean energy tax credits imposed by this bill could force New Mexicans to pay more than $500 more per year to keep the lights on. 
    • Supporters of the bill say it will usher America into an age of fiscal responsibility, but it won’t. It will increase the national debt by as much as $5 trillion dollars to fund tax cuts to the wealthy.

    Additional Republican priorities at the expense of New Mexicans’ health care: 

    • Special tax exemptions for whaling-boat captains
    • Tax exemptions to purchase firearm silencers
    • Spending $85 million for a pet project to move Space Shuttle Discovery to Texas
    • An unreasonable tax increase for poker players, legal sports bettors, and casino patrons 
    • Rescinds tax credit for lowering air pollution near schools 

    As a first-generation Mexican-American who was raised along the border, Rep. Vasquez knows firsthand how these cuts will make life harder for working class people across New Mexico as they try to make ends meet each month. He will continue to advocate for a fair economy and government that works for everyone — not just the ultra-wealthy.

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    MIL OSI USA News –

  • MIL-OSI USA: Congresswoman Tenney Celebrates the Final Passage of the One Big Beautiful Bill

    Source: United States House of Representatives – Congresswoman Claudia Tenney (NY-22)

    Washington, DC – Congresswoman Claudia Tenney (NY-24) today celebrated the House passage of the historic One Big Beautiful Bill Act, a historic legislative package that delivers on President Trump’s America First Agenda. 

    This legislation passed the House by a vote of 218-214 and now heads to the President’s desk to be signed into law.

    “Today, House Republicans kept our promise to the American people by passing the One Big Beautiful Bill Act. This historic legislation restores and builds on the Tax Cuts and Jobs Act, which I voted for in 2017, by locking in the Trump Tax Cuts. The bill provides a significant tax cut to lower-income seniors who are collecting the Social Security they have earned through a lifetime of hard work, while also eliminating taxes on tips and overtime. This bill not only lowers taxes for working families but also provides tax incentives for small businesses and family farms. It prevents the largest tax hike in American history, delivers an average $1,300 tax cut, and paves the way for a nearly $14,700 increase in take-home pay for New York families,” said Congresswoman Tenney. 

    “This legislation protects our farmers and small businesses by preserving the small business pass-through deduction and 100% immediate capital expensing, which are tools that will empower investment and drive economic growth across NY-24. This bill will secure our borders by funding ICE and CBP, finishing the wall, and ending taxpayer-funded benefits like Medicaid for illegal immigrants. This bill will also unleash American energy and end our reliance on foreign sources of energy while lowering costs for consumers and businesses.

    “The One Big Beautiful Bill also includes many stand-alone bills that I championed, including H.R. 1103, the New Markets Tax Credit Extension Act, and H.R. 1752, the Technology for Energy Security Act. The New Markets Tax Credit fosters private investments into economically distressed communities, particularly in rural areas, and has led to billions of dollars in investments into rural communities like NY-24. The Technology for Energy Security Act extends the credit for fuel cells and linear generators, helping to solidify America’s role as the leading manufacturer of these emerging technologies.

    “The One Big Beautiful Bill restores economic freedom, strengthens our national security, and puts hardworking Americans first. This is a major victory for the American people and a significant step in restoring prosperity, security, and strength for all Americans across our great nation.” 

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    MIL OSI USA News –

  • MIL-OSI USA: Congresswoman Tenney Celebrates the Final Passage of the One Big Beautiful Bill

    Source: United States House of Representatives – Congresswoman Claudia Tenney (NY-22)

    Washington, DC – Congresswoman Claudia Tenney (NY-24) today celebrated the House passage of the historic One Big Beautiful Bill Act, a historic legislative package that delivers on President Trump’s America First Agenda. 

    This legislation passed the House by a vote of 218-214 and now heads to the President’s desk to be signed into law.

    “Today, House Republicans kept our promise to the American people by passing the One Big Beautiful Bill Act. This historic legislation restores and builds on the Tax Cuts and Jobs Act, which I voted for in 2017, by locking in the Trump Tax Cuts. The bill provides a significant tax cut to lower-income seniors who are collecting the Social Security they have earned through a lifetime of hard work, while also eliminating taxes on tips and overtime. This bill not only lowers taxes for working families but also provides tax incentives for small businesses and family farms. It prevents the largest tax hike in American history, delivers an average $1,300 tax cut, and paves the way for a nearly $14,700 increase in take-home pay for New York families,” said Congresswoman Tenney. 

    “This legislation protects our farmers and small businesses by preserving the small business pass-through deduction and 100% immediate capital expensing, which are tools that will empower investment and drive economic growth across NY-24. This bill will secure our borders by funding ICE and CBP, finishing the wall, and ending taxpayer-funded benefits like Medicaid for illegal immigrants. This bill will also unleash American energy and end our reliance on foreign sources of energy while lowering costs for consumers and businesses.

    “The One Big Beautiful Bill also includes many stand-alone bills that I championed, including H.R. 1103, the New Markets Tax Credit Extension Act, and H.R. 1752, the Technology for Energy Security Act. The New Markets Tax Credit fosters private investments into economically distressed communities, particularly in rural areas, and has led to billions of dollars in investments into rural communities like NY-24. The Technology for Energy Security Act extends the credit for fuel cells and linear generators, helping to solidify America’s role as the leading manufacturer of these emerging technologies.

    “The One Big Beautiful Bill restores economic freedom, strengthens our national security, and puts hardworking Americans first. This is a major victory for the American people and a significant step in restoring prosperity, security, and strength for all Americans across our great nation.” 

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    MIL OSI USA News –

  • MIL-OSI USA: Kelly votes for One Big Beautiful Bill, supports tax cuts for small businesses & hardworking Pennsylvanians

    Source: United States House of Representatives – Representative Mike Kelly (R-PA)

    WASHINGTON, D.C. — Today, U.S. Rep. Mike Kelly (R-PA), Chairman of the Ways & Means Subcommittee on Tax, voted in favor of the One Big Beautiful Bill Act, a package of legislation that provides tax cuts, cuts spending, secures the border, expands American energy production, and more.

    “On November 5th, the American people made it clear – they voted for President Donald J. Trump by an overwhelming majority. The President campaigned on many policies in the One Big Beautiful Bill Act, from tax cuts to securing our border to unleashing American energy. Today, the House of Representatives delivered on that promise,” said Rep. Kelly. “From employers to employees, from children to seniors, this legislation provides historic investments in Western Pennsylvania and the United States, both for today and for generations to come.”

    BACKGROUND

    The One Big Beautiful Bill Act Supports Workers & Small Businesses

    • Makes the 2017 Trump tax cuts permanent – protecting the average taxpayer from a 22 percent tax hike.
    • Eliminates tax on tips and eliminates tax on overtime for hourly workers
    • Strengthens our local manufacturers by preserving over 12,000 industry jobs in Pennsylvania’s 16th Congressional District, home to one of the highest concentrations of small manufacturers in the country, according to the National Association of Manufacturers.
    • Small businesses will also find an update to Section 199A, a critical boost to the qualified business income deduction.

    The One Big Beautiful Bill Act Supports Pennsylvania Families

    • Delivers a family of four an additional $1,228 tax cut annually for families in Pennsylvania’s 16th Congressional District.
    • Provides tax relief for seniors on Social Security by raising the standard deduction.
    • Creates new “Trump Accounts,” a $1,000 investment account for every child born over the next four years. The fund grows tax-free until the child reaches adulthood.
    • Expands Child Tax Credit, allowing parents to save more money. Without the One Big Beautiful Bill, that credit would have been cut in half.

    The One Big Beautiful Bill Act Supports Pennsylvania Communities

    • Makes permanent and expands Rep. Kelly’s Opportunity Zones (OZ) legislation, which encourages private investment in low-income communities. To date, more than $115 million in private-dollar investment to work in the downtown Erie with OZs spurring more than $400 million of long-term capital investment at work.
    • Makes permanent and increases the doubled Death Tax Exemption for 2 million family-owned farms.
    • Strengthens the Medicaid program by creating common sense work requirements and necessary oversight to ensure taxpayer dollars are properly allocated.

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Fitzgerald Statement on the Passage of the Senate Amendment to H.R. 1 – One Big Beautiful Bill Act

    Source: United States House of Representatives – Congressman Scott Fitzgerald (WI-05)

    WASHINGTON, DC – Congressman Scott Fitzgerald (WI-05) issued the following statement in response to the passage of the Senate Amendment to H.R. 1 – One Big Beautiful Bill Act.

    “Just in time for the Fourth of July, we’re sending the final version of the One Big Beautiful Bill to President Trump’s desk and delivering on the conservative agenda we promised the American people.

    “This bill is a major win for working families. It delivers historic tax relief by boosting take-home pay, making the Trump Tax Cuts permanent, giving seniors eligible for Social Security tax relief, increasing the child tax credit, and protecting family farms from the death tax. By eliminating taxes on tips and overtime, it also ensures workers keep more of what they earn.

    “It also restores integrity to Medicaid by ending fraud and abuse—protecting benefits for the most vulnerable. It also fully funds President Trump’s border wall and increases staffing for ICE and Border Patrol. This helps restore law and order at our southern border and keeps our communities safe.

    “From putting more money in the pockets of hard-working Americans to making our national security a top priority, this legislation puts the needs of Americans first. I’m proud to have supported it from the start and look forward to President Trump signing it into law.”

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    MIL OSI USA News –

  • MIL-OSI USA: Malliotakis Celebrates Passage of the Big Beautiful Bill

    Source: United States House of Representatives – Congresswoman Nicole Malliotakis (NY-11)

    (WASHINGTON, DC) – Congresswoman Nicole Malliotakis released the following statement after the final passage of the Big Beautiful Bill.

    “Today is a historic day for Staten Islanders, Brooklynites, and families across the nation who have been calling for meaningful tax relief. Our Big Beautiful Bill puts America first by strengthening our borders and military, and delivering tax relief for American workers, middle-class families, and senior citizens. We’re not only making President Trump’s 2017 tax cuts permanent but also ensuring 88% of senior citizens will no longer pay federal taxes on their Social Security income, as well as quadrupling the SALT deduction, to benefit 98% of taxpayers in our district. The legislation also raises the standard deduction, eliminates taxes on tips for service workers, provides relief for small businesses, and expands the Child Tax Credit all to ensure hardworking Americans keep more of their hard-earned money.

    We also save taxpayers $2 trillion by cutting waste and rooting out fraud and abuse throughout government. We fully protect the seniors, disabled, children, pregnant women, and those below the federal poverty level who rely on Medicaid, but take action to eliminate ineligible fraudsters and illegal immigrants from the rolls, and implement reasonable part time work requirements for able-bodied adults – all provisions supported by the vast majority of Americans.

     

    We also strengthen our national security by investing in our military, funding border barriers, hiring more law enforcement, and revitalizing our domestic energy production.

     

    Not passing this bill would have jeopardized all these America-First policies and led to a crushing $4 trillion tax increase on American families and businesses with New Yorkers seeing an average 22% tax hike.”

    MIL OSI USA News –

  • MIL-OSI USA: Republican Megabill Betrays American Families

    Source: United States House of Representatives – Congresswoman Suzan DelBene (1st District of Washington)

    Republican Megabill Betrays American Families

    Bill raises health care, food, energy costs while increasing debt by $4 trillion

    Washington, D.C., July 3, 2025

    Today, Congresswoman Suzan DelBene (WA-01) released the following statement after voting against the Republican budget legislation.

    “Republicans made one fundamental promise to Americans – they would lower costs, and this big, ugly bill is the ultimate betrayal of that promise. It will make America more expensive by taking away health coverage, increasing hunger, and raising energy bills for millions of households. Lives and livelihoods will be put at risk because of the dangerous health care cuts in this legislation. The most outrageous and immoral part is that this is all so billionaires and large corporations can get yet another massive tax break.

    “It is clear who Republicans stand with, and it is not working families. Republicans know full well the consequences of this bill, but at every opportunity to show courage and stand up for their constituents, they always fall in line behind Donald Trump.”

    Impacts of Legislation

    • Medicaid and ACA Coverage: Nearly 17 million Americans would lose Medicaid and Affordable Care Act marketplace health coverage, including nearly 330,000 Washingtonians.
    • Medicare: Triggers over $500 billion in automatic Medicare cuts due to the huge cost of the bill.
    • Abortion: Prohibits funding for plans that cover abortion services on ACA health marketplaces, including state-based exchanges like the Washington Health Benefits Exchange. The bill also prohibits Planned Parenthood from receiving Medicaid funding, further limiting access to health services like cancer screenings and annual physicals.
    • Food Assistance: $300 billion would be cut from food assistance programs, like the Supplemental Nutrition Assistance Program (SNAP), which covers over 880,000 Washingtonians.
    • Energy Bills: Increases energy bills by more than $110 per year on average by repealing cost-saving clean energy tax credits.
    • Child Tax Credit: 22 million children would be left out of receiving the full Child Tax Credit because of Republican income requirements, including over 400,000 kids in Washington, while wealthier families receive the full benefit.
    • Cost: Estimated to add over $4 trillion to the national debt.

    The bill now goes to President Trump to sign. 

    MIL OSI USA News –

  • MIL-OSI USA: Rutherford Statement on House Passage of the One Big Beautiful Bill

    Source: United States House of Representatives – Congressman John Rutherford (4th District of Florida)

    WASHINGTON, D.C. – On Thursday, U.S. Congressman John H. Rutherford (FL-05) released the following statement on the House passage of the One Big Beautiful Bill Act:

    “The One Big Beautiful Bill Act will give Americans a much-needed tax break and refocus our country on delivering on the promises made by President Trump for the American people like permanently closing the Southern Border, boosting our economy, offering historic tax relief for seniors, and revolutionizing our national security. This legislation also strengthens Medicaid solvency by rooting out waste, fraud, and abuse to help vulnerable Americans who need it most.

    “Contrary to what you may have heard, this is not a huge deficit bill. In fact, the Congressional Budget Office (CBO) has scored this bill incorrectly, just as they did in 2017 by underestimating revenues from the Tax Cuts and Jobs Act by over $100 billion. They were wrong then, so why would we trust them now?

    “It’s time to get our country back on track. That’s why I was proud to pass this historic legislation.”

    The bill includes Rutherford’s priorities to:

    • Boost our economy

    • Make President Trump’s tax cuts permanent

    • Focus resources on permanently closing the Southern Border

    • Provide funding to small, rural, and Medicare-dependent hospitals, rural health clinics, community mental health centers, opioid treatment programs, and more

    • Strengthen Medicaid solvency for those who truly need it

    • Incentivize Made-In-America cars and manufacturing

    • End taxes on tips and overtime pay

    • Slash taxes on Social Security, offering historic tax relief to seniors

    • Increase the Child Tax Credit

    • Secure more than a trillion dollars in mandatory savings

    • Cap SALT deductions

    • Modernize America’s Air Traffic Control systems to ensure safe and efficient air travel

    • Unleash American energy dominance

    • Cut Green New Deal policies

    • Revolutionize national security and America’s maritime dominance

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Baird Supports the One Big Beautiful Bill, Votes for Largest Tax Cut in American History

    Source: United States House of Representatives – Congressman Jim Baird (R-IN-04)

    Congressman Baird Supports the One Big Beautiful Bill, Votes for Largest Tax Cut in American History

    Washington, July 3, 2025

    Today, Congressman Jim Baird (IN-04) released the following statement after voting in favor of H.R. 1, the One Big Beautiful Bill Act:
     
    “After months of hard work and thoughtful deliberation, I was proud to vote for the One Big, Beautiful Bill and help send it to President Trump’s desk. This includes much-needed tax relief for the American people. This bill delivers the largest tax cut in American history for workers, families, and seniors by ending taxes on tips and overtime for millions of workers and slashing taxes on Social Security. It also makes a generational investment in Rural America by expanding crop insurance, strengthening biosecurity measures, and boosting investment in the farm safety net, and it prevents a Death Tax increase that would devastate thousands of family farms in Indiana’s Fourth Congressional District. On top of these monumental wins, the One Big Beautiful Bill invests in our border security to deliver the most secure border on record and delivers on President Trump’s successful foreign policy of peace through strength.
     
    “There has been a lot of misleading information on this bill. This legislation strengthens federal programs for those who truly need them and enacts common-sense work requirements that a majority of Americans support. Additionally, the Congressional Budget Office (CBO) score assumes an incorrect baseline that simply does not reflect current policy. In reality, the One Big Beautiful Bill reduces the deficit, marking a long-overdue return to fiscal sanity in Washington.
     
    “This bill ultimately fulfills many of the promises made to the American people. As we celebrate Independence Day and the birth of our nation, I am pleased to deliver these significant wins that ensure America truly remains the greatest country in history.”
     

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    MIL OSI USA News –