Economy

Cutting the top individual tax rate and setting the top rate for partnerships and other so-called "pass-through" businesses would also benefit high-income taxpayers. But especially on the business side, Trump's plan lacks numerous details needed to make the numbers work. But measures like reducing pass through business tax and the repeal of the estate tax, have been welcomed by the richest people in the country.
  • Price Target Analysis Parsley Energy, Inc. (PE)

    Price Target Analysis Parsley Energy, Inc. (PE)

    Economy

    They now have a $48.00 price target on the oil and natural gas company's stock, up from their previous price target of $40.00. Several other institutional investors also recently made changes to their positions in the stock. If you are reading this news story on another domain, it was stolen and republished in violation of United States & worldwide trademark and copyright laws.
  • Mexican, Canadian leaders called me to renegotiate NAFTA

    Economy

    Trump campaigned for president on promises to scrap NAFTA, calling it "the worst trade deal maybe ever signed" and a "disaster" that has resulted in millions of United States industrial jobs lost mostly to Mexico. The announcement comes hours after news reports suggested the White House was considering an executive order to begin the process of extricating the USA from the free trade agreement.
  • Local lawmakers have mixed reactions to Trump's tax plan

    Economy

    And Mr Trump's adult sons run his Trump Organisation. Trump would cut that down to just 15%. Echoing the White House, Republicans argue the cuts would spur economic growth, reducing or even eliminating any drop in tax revenue. Someone with huge medical expenses would not be able to take a deduction for those expenses. "It's not just the tax bill that's going to affect taxes", said Mel Schwarz, partner in the Grant Thornton office.
  • Uber looks to soar with flying taxis by 2020

    Economy

    Uber first revealed its intentions to build a system of flying cars in a white paper last autumn in the US. Uber may be in a big mess on the ground, but that hasn't stopped the company from announcing its intentions to take to the skies.
  • Stock Recent Trading Summary: Gerdau S.A.'s (GGB)

    Economy

    The Beta for the company stands at 2.4 and its Average True Range (ATR) shows a value of 0.15. According to the the latest analyst ratings which have been released, 0 brokers have issued a rating of "buy", 3 brokers "outperform", 1 brokers "hold", 0 brokers "underperform" and 0 brokers "sell".
  • Trump proposes major tax cuts, 15% corporate rate

    Economy

    Retailers and some lawmakers like Perdue have raised concerns that the plan , which would tax foreign-made product inputs, could pass costs along to consumers. The plan would slash corporate taxes to 15 percent for large and small businesses, as well as consolidate categories for individual taxes, lowering the top bracket from almost 40 percent to 35 percent.
  • Steven Mnuchin Says Trump Has 'No Intention' of Releasing His Tax Returns

    Economy

    In the few glances we've seen of Trump's tax returns, he's run into the Alternative Minimum Tax-a system expressly put in place to keep the wealthy from dodging taxes through complex dedications and shuffling funds off to tax havens. Treasurer Scott Morrison said a comparatively high corporate tax rate was a risk to investment and jobs. About $2.6 trillion in profits are being held tax-exempt overseas by USA multinationals under a rule that says they are only taxable if brought into the ...
  • US Treasury secretary says to cut corporate tax rate to 15 percent

    Economy

    The plan would also reduce the number of United States tax brackets from seven to three. No one wants to see their children have to sell the family business to pay an unfair tax. "This isn't about the president's taxes, this is about what's good for the American people", Mnuchin said. Senate Minority Leader Charles Schumer of NY also was skeptical, saying the proposal would help wealthy Americans and businesses like those formerly run by Trump.
  • Canada throws Twitter shade at Trump over trade dispute

    Economy

    The late-night announcement was made in a read-out of calls between Trump, Prime Minister Justin Trudeau and Mexican President Enrique Pena. The White House says the president "agreed not to terminate NAFTA at this time". Levy also gave a timeline on what President Trump could do should he sign an executive order to leave. The late-night television personality lampooned Canada's polite response to Trump's claims that Canada's lumber and dairy policies have been "rough" on the USA or a ...