Politic > 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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Judge Permanently Blocks Trump's Executive Order On Sanctuary Cities

Judge Permanently Blocks Trump's Executive Order On Sanctuary Cities

“The counties have demonstrated that the executive order has caused and will cause them constitutional injuries." Read more ...

Donald Trump Is Shutting Down His Charitable Foundation

Donald Trump Is Shutting Down His Charitable Foundation

Trump had been accused of using it as a political slush fund. Read more ...

Homeland Security Has Devastating News for 60K Haitians in US

Homeland Security Has Devastating News for 60K Haitians in US

It was the news tens of thousands of Haitian residents of the US were dreading: The administration has decided to end the Temporary Protected Status that shielded them from... Read more ...

White House Walks Back Trump Tweet on UCLA Players

White House Walks Back Trump Tweet on UCLA Players

President Trump was merely making a "rhetorical response" to criticism when he said he should have left three UCLA players in a Chinese jail , according to White House press... Read more ...

Trump Administration To End Immigration Protections For Haitians

Trump Administration To End Immigration Protections For Haitians

The U.S. will end the special status in July 2019. Read more ...

Rep. John Conyers Reportedly Settled Complaint Involving Unwanted Advances

Rep. John Conyers Reportedly Settled Complaint Involving Unwanted Advances

The news comes after a string of reports alleging impropriety by lawmakers on both sides of the aisle. 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 ...

Janet Yellen To Step Down From Fed After Successor Assumes Chairmanship

Janet Yellen To Step Down From Fed After Successor Assumes Chairmanship

The first female chair of the Federal Reserve declined the option to stay on as a lower-ranking Fed official. 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 ...