Business > Technology

Sen. Paul makes pitch to gut Obamacare with GOP tax bill, testing party unity

6 days ago   |   By

His push could spur the first major intraparty GOP fight over the tax bill in the Senate.
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Tech start-ups fight Senate plan to change the way stock options are taxed

6 days ago   |   By

Senate Republicans have touted their tax bill as business-friendly, but technology start-ups - including Hyperloop One, Airbnb, Uber and Vimeo - are fuming over a provision that would make a major change to how stock options are taxed. A key tool for start-ups to attract employees, stock options...
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Affordable housing could lose big in Republican tax plan

6 days ago   |   By

The House GOP tax plan cuts a type of bond that is used to finance at least half of the nation's affordable rental apartment buildings.
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Why commercial real estate owners will salivate over the Republican tax plan

6 days ago   |   By

There's a lot to love in the GOP tax plan for the commercial real estate industry. Commercial property owners would see several benefits under bills from both the House and Senate, including lower taxes on their profits and the ability to avoid a 30 percent limit on interest expense deductions, according to the Wall Street Journal. The Senate bill would also lower the commercial property depreciation period from 39 to 25 years. “If the bill...
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A $10 billion provision in the House tax plan is really bugging the AARP - and one expert thinks that's enough to kill it

A $10 billion provision in the House tax plan is really bugging the AARP - and one expert thinks that's enough to kill it

6 days ago   |   By

The House Republican tax reform bill includes the repeal of an itemized deduction related to medical expenses, a measure that costs the federal government $10 billion.
The repeal, which is in the Senate version of the bill, would impact people who spend heavily on certain healthcare expenses like long-term care or fertility treatments.
T he AARP isn't happy with the plan's removal of the deduction, calling it a "health tax," and experts don't expect it to make it to the final bill.
"Never bet against the AARP," says Craig Garthwaite, a professor of strategy at the Kellogg School of...
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House GOP set to pass tax bill on Thursday

6 days ago   |   By

House Republican are set to pass their tax reform bill Thursday, as President Donald Trump returns from Asia to focus on the high-profile issue. With many Republicans calling it a “make-or-break” moment for their majority, House GOP leaders and Ways and Means Chairman Kevin Brady expressed confidence that they'll have the needed 218 votes for passage - if they don't already. Chief Deputy Whip Patrick McHenry headed into a whip meeting Monday night saying he felt “very good” about the whip check while Brady said, “we do and will have the votes for passage.” About half-dozen deputy whips...
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Quiet Californians will make the difference for GOP tax bill in the House

6 days ago   |   By

Of the 14 Golden State Republicans in the House, only one has come out against a bill that could leave California taxpayers paying higher bills.
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Guns to plowshares: Kalashnikov targets Russia's grain shipping market

Guns to plowshares: Kalashnikov targets Russia's grain shipping market

The Russian arms manufacturer Kalashnikov Concern wants to master a new market niche. Kalashnikov is planning to start a cargo transportation company to ship grain, according... Read more ...

Uber could consolidate with rivals in Southeast Asia following SoftBank's...

Uber could consolidate with rivals in Southeast Asia following SoftBank's investment

SoftBank's multi-billion dollar investment in Uber opens up the possibility of combining it with other ride-hailing assets the Japanese group owns in a consolidation of a... Read more ...

Another big cryptocurrency heist raises questions about digital money safety

Another big cryptocurrency heist raises questions about digital money safety

Hackers have robbed the wallet in the 19th largest cryptocurrency tether. The company behind the dollar-pegged cryptocurrency blamed "malicious action by an external attacker... Read more ...

Who is Philip May? Theresa May's husband and closest advisor

Who is Philip May? Theresa May's husband and closest advisor

Philip May is Theresa May's closest advisor and political ally but gets little media attention. The prime minister has been married to her husband since 1980, after they met at... Read more ...

German Chancellor Angela Merkel hints she's ready for new elections after...

German Chancellor Angela Merkel hints she's ready for new elections after coalition talks collapse

German Chancellor Angela Merkel said that she favors holding new elections. Merkel also said she was "skeptical" about the idea of forming a minority government. Talks about... Read more ...

Charlie Rose Is Accused Of Sexual Harassment By 8 Women

Charlie Rose Is Accused Of Sexual Harassment By 8 Women

The star of the highly regarded PBS talk show Charlie Rose and co-host of CBS This Morning issued a statement apologizing for his actions. Read more ...

White House: Trump wasn't being literal when he tweeted he should've left...

White House: Trump wasn't being literal when he tweeted he should've left UCLA players 'in jail'

The three UCLA basketball players who were arrested in China and charged with shoplifting returned stateside after President Trump met with Xi Jinping to ask for help in the... Read more ...

Trump's charitable foundation says it's shutting down, but an ongoing...

Trump's charitable foundation says it's shutting down, but an ongoing investigation in New York may complicate that

The Donald J. Trump Foundation, the president's charitable organization, is reportedly dissolving itself. The foundation previously admitted to violating a federal rule on a... Read more ...

New Online Store Is One More Way For Trump To Profit From Presidency...

New Online Store Is One More Way For Trump To Profit From Presidency, Critics Say

The Trump Organization has a new website that sells merchandise with the Trump name on it. Ethics watchdogs say it's the latest example of Donald Trump's businesses cashing in... Read more ...

Yellen Resigns From Fed Board After Being Passed Over To Keep Top Post

Yellen Resigns From Fed Board After Being Passed Over To Keep Top Post

Janet Yellen says she'll step down from the Federal Reserve Board when her successor as chair is sworn in. Earlier this month, President Trump named Jerome Powell to be the... Read more ...