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Stock impact report

Trump's $1,776 ‘Warrior Dividend' Will Be Tax-Free, Hegseth Says [Yahoo! Finance]

FAST RETAILING UNSP/ADR (FRCOY) 
NASDAQ:AMEX Investor Relations: fastretailing.com/eng/ir
Company Research Source: Yahoo! Finance
Pete Hegseth said Thursday — an unusual maneuver that was previewed in the “One Big Beautiful Bill” when it became law last summer. The legislation Trump signed July 4 provides for up to $2.9 billion “to supplement the basic allowance for housing” for service members. Those monthly allowances are usually tied to rank, locality and number of dependents — but Trump's signature tax bill had no such constraints. Most Read from Bloomberg Hudson Tunnel Digging Work to Start as Boring Machines Ready NYC High Line-Area Building Floats $53 Million Bankruptcy Sale How This Chameleon UK Location Became a Little-Known Hollywood Backdrop New York Says Cab, Rideshare Insurance Rates to Rise 25% New York Utility Says Queue for Large Power Users Has Tripled Instead, Hegseth said in a social media video that the payments will go to “every member of our military” in enlisted and officer ranks, except for generals and admirals. He characterized it as a “one-time, tax-free bonus.” While Show less Read more
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