More Businesses Raise Wages, Give Bonuses in Wake of Tax Cuts

More businesses are announcing bonuses, higher minimum wages, and new benefits for employees after passage by Congress of Republicans’ tax reform bill. An email from House Speaker Paul Ryan’s press office highlights 33 businesses—including Aflac, Associated Bank, and PNC Bank—that have announced raises, bonuses, and other improvements for employees. In moves that may defuse efforts to… Please follow and like us:

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Netflix raises executive salaries, proving that ‘performance-based’ pay always was a sham

The big news Friday on the executive compensation front was that Netflix is converting some of its “performance-based” pay for its top executives to straight salaries, thanks to the recently-passed tax bill. But people may be taking the wrong lesson from the change. On the surface, it looks like the five executives covered by the change… Please follow and like us:

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Goldman Sachs says US tax reform to cut earnings by $5 bn

US banking giant Goldman Sachs said Friday the recently-enacted US tax reform will cut its earnings this year by about $5 billion, mainly because of a tax targeting earnings held abroad. The tax reform package is expected to “result in a reduction of approximately $5 billion in earnings for the fourth quarter,” the company said in… Please follow and like us:

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Republican Lawmakers Finalize US Tax Reform Bill

U.S. Republican Senate and House negotiators finalized a final version Friday of their compromise $1.5 trillion tax bill, after trying to appease recalcitrant Republican Senator Marco Rubio, who demanded an expansion of the child tax credit that provides benefits for low-income families. Republican sources said the measure should be released later Friday. Republican lawmakers hammered out… Please follow and like us:

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After last-minute compromises, Senate leaders say they have the votes needed to pass GOP tax plan

WASHINGTON — Scrambling to pass their tax bill after some last-minute setbacks, GOP leaders got help early Friday when two wavering Republican senators agreed to support the plan. Shortly thereafter, Senate Majority Leader Mitch McConnell, R-Ky., said Republicans had secured the needed votes for passage, and a vote was expected later Friday. The tax bill had… Please follow and like us:

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Trump: I’ll Keep the Economy Booming with Tax Reform

On the day the Dow Jones Industrial Average sailed past the 23,000 mark for the first time, President Donald Trump made his pitch for tax reform to the Heritage Foundation, saying he needed tax cuts and a simpler tax code to keep the momentum going. “You understand that lower taxes mean bigger paychecks, more jobs and… Please follow and like us:

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Germany, Canada, China Are Terrified of U.S. Corporate Tax Cut, Says Stephen Moore

Economic policy analyst Stephen Moore said Wednesday on “The Laura Ingraham Show” that the problem with modern-day liberalism is that “liberals want to be pro-jobs but they’re anti-business.” Moore, a visiting fellow at The Heritage Foundation, served as one of Trump’s top economic policy advisers during his 2016 campaign. He said Wesdnesday that “every single” economic… Please follow and like us:

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Asia exchanges up as Trump tax cut plan buoys markets

US President Donald Trump’s long-awaited tax cut plans buoyed most Asia-Pacific exchanges Friday, extending global gains, but a rise in the yen held back Japan’s benchmark index. The broad rise from Shanghai to Sydney came on the back of Trump unveiling proposals that included cutting the corporate tax rate from 35 percent to 20 percent. His… Please follow and like us:

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