institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

Billionaire Home Depot Co-Founder Langone Flips On Trump, Calls Him ‘One Of Our Best Presidents’

UNITED STATES, JUL 15 – Ken Langone credits President Trump's tariffs and economic leadership for historic blue-collar wage growth and a $27 billion federal budget surplus in June, signaling strong business confidence.

  • On July 4, 2025, the One, Big, Beautiful Bill Act was signed into law, introducing favorable changes for small business taxpayers and restoring 100% first-year depreciation for eligible assets acquired after January 19, 2025.
  • The bill increases Section 179 expensing to $2.5 million, restores business interest expense limits, and allows immediate deduction of research and experimental expenditures in 2025.
  • The law introduces credit modifications, adds a new energy efficient home credit after June 30, 2026, and ends the qualified commercial clean vehicle credit after September 30, 2025.
  • In reaction, Jeff Urbanchuk hailed the law as `a step forward for our industry`, while Joseph Molloy warned that pressure could build on labor and material pipelines as construction activity grows.
  • Looking ahead, after 2026, amounts will be adjusted annually for inflation, indicating ongoing implementation needs.
Insights by Ground AI
Does this summary seem wrong?

21 Articles

Right

Ken Langone, co-founder of The Home Depot and well-known businessman, expressed unprecedented enthusiasm for the future of the United States under the leadership of President Donald Trump.]]>

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 87% of the sources lean Right
87% Right

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

constructiondive.com broke the news in on Tuesday, July 15, 2025.
Sources are mostly out of (0)

You have read 1 out of your 5 free daily articles.