Tax hike or tax cut? CNBC’s misleading report on GOP’s tax reform

WASHINGTON, January 16, 2018: Now that it’s 2018, millions of taxpayers across America are still wondering: Will I get a tax cut or a tax hike? The answer for a substantial majority of U.S. taxpayers is, “Yes, I’ll get a tax cut.” But according to the descriptive language in a recent CNBC assessment of the GOP… Please follow and like us:

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US Fed members divided over rate hikes in 2018

US central bankers are divided over how fast they will need to raise interest rates next year, given differences over the causes behind the low inflation and wage gains seen to date, a report showed Wednesday. The minutes of the December 12-13 policy meeting, when the Federal Reserve raised the benchmark lending rate for the third… Please follow and like us:

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Fed hikes key interest rate again, boosts next year’s economic growth forecast

WASHINGTON — Federal Reserve monetary policymakers on Wednesday nudged up their key interest rate again and increased their forecast for the economy’s performance in 2018 as Congress neared passage of a large tax-cut package. Fed officials forecast 2.5 percent growth next year with an increase in consumer spending and business investment expected from the lower taxes,… Please follow and like us:

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Koch Brothers’ Senator Pushed Tax Break For ‘Dark Money’ Groups

With Republican megadonors like Charles Koch, 82, and his brother David, 77, advancing in age, a top GOP senator from the Kochs’ home state has proposed a special tax break for moguls who bequeath their riches to so-called “dark money” groups that advocate for policies and bankroll lawmakers’ election ads. Though Kansas Sen. Pat Roberts’ proposal… Please follow and like us:

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Tax reform is just the first step in rolling back the nanny state

One way to kill a predatory animal is to deny it sustenance. The tax-cut bill passed by the Senate, if it clears a conference with the House and President Trump signs it, may be the first step toward starving the big-government beast. Reporting on the Senate vote early Saturday morning reflected the biases of various media… Please follow and like us:

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Strong economy boosts Trump among otherwise skeptical Americans

WASHINGTON — In 2016, the U.S. economy served as a punching bag for then-candidate Donald Trump. Today, it has become a lifeline for an otherwise embattled presidency. As president, Trump has increasingly grabbed for that line, touting low unemployment, record high stock market values and healthy economic growth rates in speeches and on Twitter. Reactions from… Please follow and like us:

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Trump rallies Capitol Hill as House GOP set to pass tax plan

WASHINGTON — House Republicans were on track Thursday to pass their sweeping tax-cut package, setting up a showdown with the Senate, where Republicans are taking a different approach. President Donald Trump arrived on Capitol Hill to bolster Republicans determined to push the tax package through Congress — and accomplish a top GOP priority — despite widespread… Please follow and like us:

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Republican rollout of tax plan most likely delayed as talks continue

WASHINGTON — On the eve of a self-imposed deadline to unveil their tax-cut bill, House Republicans were still arguing Tuesday evening over key elements, including how fast to cut corporate rates, which state tax deductions to eliminate and whether to impose new caps on popular 401(k) retirement accounts, according to people familiar with the negotiations. GOP… Please follow and like us:

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Delusional Paul Krugman ignores the effects of Trump tax cuts

WASHINGTON, October 29, 2017 – In a recent New York Times column, Nobel Prize-winning economist Paul Krugman said that President Trump’s proposed tax cut is “gift to rich foreigners.” Maybe Krugman doesn’t understand the effects that broad-based tax cuts have on the economy and on the middle class. Usually, if Krugman can be objective, he is… Please follow and like us:

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To really cut middle class taxes, fix the Social Security tax rate

WASHINGTON, October 13, 2017 – President Trump has proposed a massive tax cut designed to stimulate the American economy with the goal of increasing economic growth to 4 percent annually. His proposal will simplify the tax code as well as bring tax relief to all Americans, especially those in the middle class. Middle class Americans pay… 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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Dollar extends gains after Trump tax plan but equities struggle

The dollar edged up further in Asia on Thursday as focus turned back to the United States after Donald Trump unveiled his market-friendly tax cut plans. However, regional equities were unable to track their Wall Street counterparts higher despite a broad move back to riskier assets — as North Korea went on the backburner — with… Please follow and like us:

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IMF: Trump’s Plans Could Boost US Economy, Endanger Global Advances

International Monetary Fund chief Christine Lagarde voiced optimism Sunday that U.S. President Donald Trump’s planned tax cuts and construction spending would boost the American economy, but said they could cause trouble for the economies around the globe. Lagarde, speaking at the World Government Summit in Dubai, said, “From the little we know, and I will insist… Please follow and like us:

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