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.
Students, lawmakers and religious leaders have joined forces at a temple in Philadelphia to strongly denounce antisemitism on college campuses and in their communities, one day after University of Pennsylvania President Liz Magill resigned amid criticism over her testimony at a congressional hearing.
The former New York City mayor has already been found liable in the defamation lawsuit brought by Ruby Freeman and her daughter, Wandrea “Shaye” Moss, who endured threats and harassment after they became the target of a conspiracy theory spread by Trump and his allies.
Donald Trump says he's decided against testifying for a second time at his New York civil fraud trial. In a social media post Sunday, the former president said he “very successfully & conclusively” testified last month and saw no need to appear again.
The president of Harvard University has apologized for her remarks at a congressional hearing on antisemitism, saying she got caught up in a heated exchange and failed to properly denounce threats of violence against Jewish students.
The House Education and Workforce Committee opened an investigation into MIT, the University of Pennsylvania and Harvard University after an anti-Semitism hearing on Tuesday.
The son of North Dakota Sen. Kevin Cramer was charged with manslaughter and fleeing an officer after a police pursuit ended in a crash that killed the sheriff's deputy.
