US Politics in Trump era Public date: 17.09.2019 01:44:11

24 May 2019

Kushner Cos. Gets $800 Million Federally Backed Apartment Loan

Kushner Cos., the real estate firm owned by the family of President Donald Trump’s son-in-law Jared Kushner, has received about $800 million in federally backed debt to buy apartments in Maryland and Virginia -- the company’s biggest purchase in a decade.
Kushner Cos., the real estate firm owned by the family of President Donald Trump’s son-in-law Jared Kushner, has...

Publisher: Bloomberg

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29 Mar 2019

Trump’s Offshore Cash Promise Falters as $665 Billion Returns

Corporate America brought $664.9 billion of offshore profits back to the U.S. last year, falling short of the $4 trillion President Donald Trump said would return as a result of the 2017 tax overhaul. Companies kept much of their overseas profit offshore because a 35 percent tax kicked in only if they brought the cash back to the U.S. But the Republican tax law set a one-time 15.5 percent tax rate on cash and 8 percent on non-cash or illiquid assets, regardless of the country where the profits sat.
Corporate America brought $664.9 billion of offshore profits back to the U.S. last year, falling short of the $4...

Publisher: Bloomberg

Author:

7 Feb 2019

Banks’ $21 Billion Tax Windfall Doesn’t Stop Their Job Cuts

Major U.S. banks shaved about $21 billion from their tax bills last year -- almost double the IRS’s annual budget -- as the industry benefited more than many others from the Republican tax overhaul.By year-end, most of the nation’s largest lenders met or exceeded their initial predictions for tax savings.
Major U.S. banks shaved about $21 billion from their tax bills last year -- almost double the IRS’s annual budget --...

Publisher: Bloomberg

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14 Dec 2018

Rubio Tweets Tax Bill He Voted For Helps Companies Over Workers

Republican Senator Marco Rubio broke with his party by blasting last year’s tax overhaul for benefiting corporations rather than workers. “When corporation uses profits for stock buy back it’s deciding that returning capital to shareholders is better for business than investing in their products or workers,” Rubio said in a tweet Thursday. “Tax code encourages this. No surprise we have work life that is unstable & low paying.”
Republican Senator Marco Rubio broke with his party by blasting last year’s tax overhaul for benefiting corporations...

Publisher: Bloomberg

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15 Nov 2018

US Budget Deficit 2018: $100.5B In Oct, 60% Increase Over 2017

The U.S. recorded a $100.5 billion budget deficit in October, an increase of about 60 percent from a year earlier, as spending grew twice as fast as revenue. The deficit widened from $63.2 billion in the same month last year, the department said in an emailed statement on Tuesday. October marks the start of the U.S. fiscal year.
The U.S. recorded a $100.5 billion budget deficit in October, an increase of about 60 percent from a year earlier, as...

Publisher: Bloomberg

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4 Oct 2018

FBI Said to Lack White House Approval to Talk to Kavanaugh, Ford

The FBI hasn’t interviewed Supreme Court nominee Brett Kavanaugh or Christine Blasey Ford because it doesn’t have clear authority from the White House to do so, according to two people with knowledge of the matter. Instead, the White House has indicated to the FBI that testimony from Kavanaugh and Ford, who has accused him of attempting to rape her when they were in high school, before the Senate Judiciary Committee last week is sufficient, said the people, who asked to not be identified discussing the sensitive matter.
The FBI hasn’t interviewed Supreme Court nominee Brett Kavanaugh or Christine Blasey Ford because it doesn’t have...

Publisher: Bloomberg

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23 Jan 2018

Trump’s Tariffs on Solar Mark Biggest Blow to Renewables Yet

President Donald Trump dealt his biggest blow to the renewable energy industry yet.On Monday, Trump approved duties of as much as 30 percent on solar equipment made outside the U.S., a move that threatens to handicap a $28 billion industry that relies on parts made abroad for 80 percent of its supply.
President Donald Trump dealt his biggest blow to the renewable energy industry yet.On Monday, Trump approved duties of...
1 Sep 2017

Kushners’ China Deal Flop Was Part of Much Bigger Hunt for Cash

Jared Kushner, Donald Trump’s son-in-law and top adviser, wakes up each morning to a growing problem that will not go away. His family’s real estate business, Kushner Cos., owes hundreds of millions of dollars on a 41-story office building on Fifth Avenue. It has failed to secure  foreign investors, despite an extensive search, and its resources are more limited than generally understood. As a result, the company faces significant challenges.
Jared Kushner, Donald Trump’s son-in-law and top adviser, wakes up each morning to a growing problem that will...

Publisher: Bloomberg

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14 Jun 2017

Russian Hacks on U.S. Voting System Wider Than Previously Known

Russia’s cyberattack on the U.S. electoral system before Donald Trump’s election was far more widespread than has been publicly revealed, including incursions into voter databases and software systems in almost twice as many states as previously reported.
Russia’s cyberattack on the U.S. electoral system before Donald Trump’s election was far more widespread than...

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