On Tuesday the House passed the Republican Tax Plan by a 227-203 margin. Politico Tax Reporter Aaron Lorenzo explains the path forward for this legislation in the Senate, and how individuals and corporations will be impacted.
Lorenzo says he expects the GOP plan to pass the Senate, and signed by President Trump before the end of the year. The bill is a $1.5 Trillion tax cut which nearly doubles standard deduction, and cuts the corporate tax rate from 35 percent to 21 percent. Lorenzo says he expect retail to be a big winner, because they do not face a big margin.
According to a recent Gallup Poll, more than half of Americans say the proposed tax cuts would not help their families financial situation, and would not help the U.S. economy.
By striking a hyphen and two numerals, he extended an annual per-student funding increase from the next two academic years through the next four centuries.
White House press secretary Karine Jean-Pierre says the White House has confidence the Secret Service is “going to get to the bottom of this.”
Americans are segregating by their politics at a rapid clip, helping fuel the greatest divide between the states in modern history.
China has restricted exports of high-tech metals gallium and germanium, which are critical to making chips, in response to the U.S. blocking them from access to advanced chips.
A federal judge in Louisiana has restricted the Biden administration from communicating with social media platforms regarding content.
Russia said it's in contact with the U.S. over the imprisonment of journalist Evan Gershkovich.
They spoke to The Associated Press on condition of anonymity because they were not authorized to discuss the investigation publicly.
Former President Donald Trump reportedly pressured former Arizona Gov. Doug Ducey to overturn the state's 2020 election results.
Former President Donald Trump reportedly pressured former Arizona Governor Doug Ducey to overturn the state's 2020 election results.
Former New Jersey Gov. Chris Christie said President Joe Biden and former President Donald Trump are "beyond their sell-by date" in an interview with The New York Times.
