Would tax cut bring higher wages?

WASHINGTON — Gary Cohn, the top White House economic adviser, was onstage making the Trump administration’s case that a huge cut in corporate taxes would trigger a surge of business investments. Then came an off-the-cuff question to business leaders listening to Cohn at The Wall Street Journal CEO Council meeting last week: How many will increase… Please follow and like us:

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Latest Obamacare repeal bill nears collapse as third Republican fails to support it

WASHINGTON — Republicans’ latest bid to roll back the Affordable Care Act appeared to collapse Monday as a third GOP senator came out against the measure and the Congressional Budget Office predicted major coverage losses should it become law. Sen. Susan Collins, R-Maine, who voted against the last Republican repeal bill, joined Sens. John McCain, R-Ariz.,… Please follow and like us:

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Trump Boom: Unemployment Lowest in 10 Years

The economy gave out a medium-sized roar on Friday, when the federal government announced unemployment dropped to 4.4 percent. The nation also added 211,000 jobs in April. The unemployment rate was 4.5 percent in March. “During the Obama years, growth was an abysmal 1.9 percent, which the Congressional Budget Office now says is the course we… Please follow and like us:

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Wall Street Fights States’ Effort To Tax Billionaires

During his presidential campaign, Donald Trump pledged to eliminate tax provisions that allow Wall Street money managers to pay a lower tax rate on their compensation than most middle-class people pay on their income. Financial executives taking advantage of the tax maneuver “are getting away with murder,” he said. Yet since taking office — and subsequently… Please follow and like us:

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Trump Budget Plan Set to Spark Another Battle with Congress

U.S. President Donald Trump this week will unveil a budget expected to massively increase military spending while slashing other federal programs. The proposal, set to be released Thursday, will offer the most detailed look yet at how Trump intends to move ahead with his so-called “America First” policy. The budget will likely face significant opposition in… Please follow and like us:

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62 % Of F-18 Hornets Unfit To Fly; DoD, Hill Focus On Readiness

F-18 Hornet aboard USS George H.W. Bush CAPITOL HILL: More than 60 percent of Navy and Marine Corps strike fighters are out of service, the Navy confirmed today. While 62 percent of fighters are effectively grounded, the overall figure for all naval aircraft is 53 percent for naval aircraft. Such striking numbers underline why Defense Secretary… Please follow and like us:

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