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Trump cut science funding. Small businesses are paying the price. PoliticoCongress defended American science. Its work is not over The EconomistTrump tried to gut science research funding. Courts and Congress have rebuffed him. NBC NewsHow Higher Ed Staved Off a Research-Funding Bloodbath — For Now The Chronicle of Higher EducationCongress n
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Trump Calls U.S. Skier a ‘Loser' as Politics Ripples Through Olympic Games The Wall Street JournalPresident Trump rips Olympian Hess for comments on U.S. ESPNAt the Winter Olympics, Team USA Can't Escape the Politics at Home The New York TimesTrump calls Olympic skier ‘real loser' after athlete expresses ‘mixed emotions' representing the US cnn.com
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Trump Administration: Live Updates and News The New York TimesDHS Shutdown Even Likelier After Dems Issue ICE Demands New York MagazinePolice say power restored after Augusta outage shut off traffic lights WGMEWhat Democrats are demanding in exchange for funding ICE The Washington PostDems outline 10 demands in letter to GOP leaders in ICE funding fight Axios
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Trading desks across Wall Street have benefited in the last year as Trump's policies have roiled markets for bonds, currencies, commodities and stocks.
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Five days after Trump's demand to cap credit card rates, bankers and lobbyists told CNBC they have yet to receive any formal or written guidance on the policy.
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The new president signed broad executive orders seeking to prop oil and gas development, but his fiat will be tested.
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THEY have been at this a long time. In 1994 Republicans, newly in charge of Congress, held hearings on what would come to be called 'dynamic scoring'. Bills, they said, should be evaluated using the predictive power of macroeconomic models. If the model predicts more GDP growth, then it could be inferred that the growth would produce more tax revenue. During the hearings, however, came an awkward moment. Alan Greenspan, then in charge of the Federal Reserve, told Congress that macroeconomic models were 'deficient'. That is, their predictive power, though interesting, was not good enough to rely on. Last year, after the election of Donald Trump, your blogger contacted Mr Greenspan to see whether the models were good enough yet. Mr Greenspan, his office responded, had not yet changed his opinion.Neither have Republicans. Over the past two decades, in and out of control of Congress, the party has nudged dynamic scoring successively closer to the official policy process until we arrived, yesterday evening, at as dramatic a moment as macroeconomic analysis ever gets. The Joint Committee on Taxation, the nonpartisan Congressional body responsible for evaluating tax proposals, hurried its study (PDF) out on a Thursday afternoon as the Senate was preparing to approve a tax cut. That cut, ...
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Print section
Print Rubric:
Business reaction to the Republicans'' big tax-reform plan is mixed
Print Headline:
Give and take
Print Fly Title:
American business and tax
UK Only Article:
standard article
Issue:
America''s global influence has dwindled under Donald Trump
Fly Title:
Give and take
Location:
NEW YORK
'CUT, cut, cut!' That is what President Donald Trump wanted to name an eagerly awaited Republican proposal for reforming America''s tax code. He vows that slashing the rate of corporate tax will create millions of jobs. In the end, on November 2nd, Republican leaders in the House of Representatives unveiled the modestly named Tax Cuts and Jobs Act.
Some business leaders cheered. The US Chamber of Commerce called it a 'once-in-a-generation opportunity to fix the problem'. The National Association of Manufacturers declared the plan 'a grand slam for ...
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