With President Trump's tax reform bill now signed into law, some major U.S. corporations may now be prompted to bring back their cash from abroad. Raw Story Staff Writer Elizabeth Preza and CRTV Congressional Correspondent Nate Madden explain how people and businesses are reacting to the new tax policy.
"You're going to see an influx of some companies bringing assets back," says Madden. "They've gotten a one-time break on this, so they can move it without taking a tax hit." Corporations bringing more investments to the United States aligns with President Trump and the GOP's message on jobs says Madden.
Preza says it's important to look at the impact on jobs through previous corporate tax cuts like the one in 2004 enacted by the Bush administration. "The Congressional Research Service found that, instead of using money to invest back into the company, [corporations] really paid out shareholders and gave it back to themselves," says Preza.
President Joe Biden has chosen a new leader for the National Security Agency and U.S. Cyber Command, a joint position that oversees much of America's cyber warfare and defense.
Attorneys general across the U.S. joined in a lawsuit against a telecommunications company accused of making more than 7.5 billion robocalls to people on the national Do Not Call Registry.
Abortion will soon be severely restricted in one of the last bastions for legal access in the U.S. South.
Donald Trump threw up his hands in frustration Tuesday as a judge scheduled his criminal trial for March 25, putting the former president and current candidate in a Manhattan courtroom in the heat of next year’s presidential primary season.
What to expect Wednesday, May 24, 2023
Republican Nebraska Gov. Jim Pillen signed a bill Monday that bans abortion at 12 weeks of pregnancy and restricts gender-affirming medical care for people younger than 19.
Democratic Sen. Tom Carper of Delaware announced Monday that he will not seek reelection to a fifth term in the U.S. Senate.
he company argues the law is an unconstitutional violation of free speech based on “unfounded speculation” that the Chinese government could access users’ data.
If the fight with Congress over raising the government's debt limit is such a dire threat, why doesn't President Joe Biden just raise the borrowing ceiling himself? It's theoretically possible, but he's all but ruled it out for now.
The laws are “openly hostile toward African Americans, people of color and LGBTQ+ individuals," the NAACP wrote over the weekend.
