Pickups, SUVs and crossovers dominated strong auto sales in 2017

Robot vehicles might rip apart the business model of the car industry in the coming years, but for now, automakers are still selling lots of cars and light trucks. U.S. sales for 2017 are expected to come in at 17.2 million vehicles, to be adjusted slightly up or down this week as more companies report their… 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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These liberals are angry corporations are giving out bonuses

Nancy Pelosi Last week, Speaker Paul Ryan said he believes the Republican tax bill would help workers. Today’s Savannah Guthrie asked Ryan, “Are you living in a fantasy world?” quoting tax plan critic, former New York City Mayor Michael Bloomberg. Savannah Guthrie challenging Speaker Ryan on the #GOPTaxScamBill: “Are you living in a fantasy world?” Yes,… Please follow and like us:

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Southern California home prices surge, tying an all-time high

LOS ANGELES — Southern California home prices surged 8.6 percent in November compared with a year earlier, tying an all-time high that underscores a drum-tight housing market with few properties for sale, according to a report released Wednesday. The six-county region’s median home price hit $505,000 last month, a nominal record last seen in September and,… Please follow and like us:

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Republican tax plan headed to president

WASHINGTON — The House and Senate passed the sweeping GOP tax plan on near-party-line votes as congressional Republicans moved to give President Donald Trump his most significant legislative victory of the year — one that has come at a steep political cost. Polling indicates the $1.5-trillion package remains broadly unpopular, contributing to a political environment 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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Small tweaks to GOP tax bill would make huge difference

The Senate-passed tax bill is a policy triumph that will provide a shot of performance enhancing drugs into the veins of the economy. It’s not perfect, but the combined effect of cutting business tax rates, eliminating the state and local tax deduction, and repealing the ObamaCare individual mandate tax, means we are at the precipice of… Please follow and like us:

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Trump Applauds Senate Passage of Republican Tax Overhaul Bill

U.S. President Donald Trump praised the Senate’s early Saturday morning passage of an immense Republican tax overhaul bill, telling reporters outside the White House the measure calls for “the biggest tax cuts in the history of our country.” Later Saturday at a Republican fundraiser in New York, Trump attributed passage of the bill to semantics. “For… 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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Foreign excise tax for U.S. companies could pose problems for tax bill

WASHINGTON — A complicated excise tax proposed for foreign transactions by multinational companies looms as potential problem for the House Republican tax bill. Conservative groups aligned with the wealthy Koch brothers have compared the provision to a border-adjustment tax that they helped kill this summer. Those groups, including Freedom Partners, were pushing for the excise tax… Please follow and like us:

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Tax Cuts and Jobs Act: Here are the key takeaways you need to know

Now that the Tax Cuts and Jobs Act was unveiled by House Republicans on November 2, we’re beginning to get the outline of what the tax bill could mean for everybody from corporations to average Americans. At this early stage, we know that corporations will see a lower tax rate of 20% and lower taxes on… Please follow and like us:

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