Category Archives: Business

AARP Blasts Erasure of Medical Expense Deduction in House Tax Plan

AARP is unhappy with one piece of House Republicans’ tax plan, which could end up forcing the GOP to change its proposal. The House and Senate have both unveiled versions of the GOP’s tax reform proposal, which would cut rates across the board and make changes to certain types of deductions. The AARP has a problem with …

Continue reading

Trump to pitch tax-overhaul plan to lawmakers after Asia trip

President Trump, who is winding down his 12-day Asia trip, took to Twitter early Tuesday to express excitement about heading back to the U.S. to work on his tax overhaul legislation Republicans claim benefit the middle class.

Continue reading

Brexit: Ministers publish post-EU trade legislation

Details of the government’s post-Brexit trade policy have been published. Ministers say the Trade Bill includes provisions for the UK to implement existing EU trade agreements and help ensure firms can still access foreign government contracts worth £1.3tn.

Continue reading

Trump touts improving economy since taking office, points to new numbers

President Trump touted new record-low unemployment numbers and stock market gains on Saturday – once again making his case that the U.S. economy is flourishing under his administration despite the Russia investigations and other problems that have many Americans disproving of his job performance.

Continue reading

GOP tax bill: No changes to 401(k), doubles deductions for middle class, limits state and local tax

Of course, your almighty Demonrats will be against this. Thursday House Republicans unveiled their long-awaited tax bill which preserves the popular 401K retirement account, lowers rates for many individual households but trims deductions for state and local taxes.

Continue reading

State Department warns against business with Russian firms

Friday the State Department moved belatedly to implement a sanctions law President Donald Trump had resisted, publishing a list of toxic Russian companies and warning third parties they’re at risk of tough U.S. financial penalties should they do business with any of them.

Continue reading

House paves way for Trump tax reform plan by passing $4T budget

Thursday the House  narrowly approved a $4 trillion budget that paves the way for Republicans on Capitol Hill to begin focusing on tax reform. The vote was 216-212, with 20 Republicans, including conservatives unhappy about deficits and debt, opposing it. Republicans could lose only 22 votes for it to pass.

Continue reading

Trump facilitates deals for Boeing, Lockheed during meeting with Greek PM

President Donald Trump is striking deals for U.S. companies at the same time as he is working to improve foreign relations. Speaking at the White House on Tuesday, Trump said the U.S. was working with the southeastern European country to help strengthen its economy and security systems.

Continue reading

Top GOP senator threatens subpoenas over ObamaCare exemption for Congress

Senate Homeland Security Committee Chairman Ron Johnson is threatening to subpoena a federal agency for information on an Obama-era policy that allows members of Congress and their staff to get around a key ObamaCare requirement.

Continue reading

Harry Reid expected to be called to testify in Menendez trial, source says

Former Senate Democratic Leader Harry Reid is expected to be called to testify in the corruption trial of Sen. Robert Menendez, a source with knowledge of the situation told Fox News on Friday.

Continue reading