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Landers/U.S. Navy via AP). Harris also cited the Carl Vinson carrier strike group deployment to northeast Asia as a deterrent against North Korea's rising threats. The Trump administration is also upping the ante diplomatically. "Past efforts have failed to halt North Korea's unlawful weapons programmes and nuclear and ballistic missile tests".
  • White House Hopes Big Tax Cuts Will Pay for Themselves

    White House Hopes Big Tax Cuts Will Pay for Themselves

    Global News

    Rep. A reporter shoots a picture of a White House press release on its tax reform plan during the daily briefing at the White House in Washington, April 26, 2017. Pass-throughs include partnerships such as law firms and hedge funds as well as most small businesses - from the local florist to the family-owned restaurant on Main Street.
  • President Trump Unveils Tax Reform Plan

    Global News

    The plans for personal income taxes also return the top capital gains tax rate to 20 percent, removing the extra 3.8% percent that President Obama added. But they can also include large law firms and lobbying shops. The right-learning Tax Foundation estimated that, even after accounting for growth, the Trump campaign plan would put a $2.6 to $3.9 trillion hole in the budget over 10 years.
  • NY lawmakers: Compel Trump to release state tax returns

    Global News

    On the corporate side, the top marginal tax rate would fall from 35 percent to 15 percent. The plan would reduce investment and estate taxes, helping the wealthy. The Federal Reserve's tightening of monetary conditions is making credit more expensive, thus hurting the purchasing power of many Americans. That cost the state revenue without spurring more job creation.
  • Merkel warns Britons - don't delude yourself over Brexit

    Merkel warns Britons - don't delude yourself over Brexit

    Global News

    Barnier, a former EU Commissioner, has said Brexit negotiations must be concluded within 18 months to allow for any settlement to be approved by the United Kingdom, other EU members and the European Parliament. "A third state, and that's what Britain will be, can not and will not have at its disposal the same rights.as members of the European Union", Merkel, the EU's most influential leader, told lawmakers.
  • Congress acting as impediment to Trump's agenda

    Congress acting as impediment to Trump's agenda

    Global News

    The White House is releasing the blueprint today for the president's massive tax cuts - a move that has his supporters checking off yet another campaign pledge. Mnuchin has said the cuts will pay for themselves by generating more economic growth, but fiscal hawks, potentially some in Trump's own Republican Party, along with Democrats are certain to question these claims .
  • Korea's Kim noticing China changing

    Global News

    He said the North should not underestimate the president's resolve. China previously condemned escalating tensions between the US and North Korea, calling for an immediate end to threats from both sides. Secretary of State Rex Tillerson . Despite the heightened tensions, administration officials reiterated in the press release that the "United States seeks stability and the peaceful denuclearization of the Korean peninsula".
  • India to help Sri Lanka build roads in Jaffna

    Global News

    External Affairs Minister Sushma Swaraj, Home Minister Rajnath Singh, and Road, Transport, Highways and Shipping Minister Nitin Gadkari also called on the visiting dignitary. In a statement, the MEA said, "The leaders welcomed the signing of the MoU..." The Indian interlocutors also sought Colombo's continued cooperation for the humanitarian treatment of Indian fishermen who stray into Lankan waters without resorting to force under any circumstances.
  • Japan minister resigns over remark about 2011 tsunami

    Global News

    A cabinet minister who said that it was "just as well" that a deadly 2011 quake hit northeast Japan has resigned, heaping embarrassment on the government. "It was good that [the disaster] hit the Tohoku region, up there". Imamura's words "hurt the feelings of people in the disaster-hit areas", a grim-faced Abe said Wednesday in further comments on the incident.
  • UK plain cigarette pack law seen cutting number of smokers by 300000

    UK plain cigarette pack law seen cutting number of smokers by 300000

    Global News

    When standardised packaging was introduced in Australia, legislation also changed related to the pictorial warning on cigarette packets. It overturned the effect of packaging as a means of tobacco promotion. However, given its recency, there are no data on long-term impact. Since 2012, the country has had strict laws in place making it illegal to sell branded cigarette packets.