Treasury Department officials are considering rolling back a tax rule aimed at preventing American companies from moving money offshore to avoid U.S. taxes, according to several people familiar with discussions.
The trade war has cost farmers potential Chinese orders for the corn-based fuel as well as for a byproduct that is used as animal feed. Now, the refinery exemptions are compounding the financial pain — and threatening political consequences for the president, who won this state and its six electoral votes in 2016.
The Trump administration plans to revoke California’s right to set stricter air pollution standards for cars and light trucks , according to two senior administration officials, as part of a larger effort to weaken an Obama-era climate policy aimed at cutting greenhouse gas emissions from the nation’s auto fleet.
The Trump administration on Thursday is expected to complete the legal repeal of a major Obama-era clean water regulation, which had placed limits on polluting chemicals that could be used near streams, wetlands and water bodies. Weakening the Obama-era water rule had been a central campaign pledge for Mr. Trump, who characterized it as a federal land-grab that impinged on the rights of farmers, rural landowners and real estate developers to use their property as they see fit.
Dream Center Education Holdings, a subsidiary of a Los Angeles-based megachurch, had no experience in higher education when it petitioned the federal Education Department to let it take over a troubled chain of for-profit trade schools.But the organization’s chairman, Randall K. Barton, told the education secretary, Betsy DeVos, that the foundation wanted to “help people live better lives.”
A key architect of the Trump administration’s efforts to weaken federal climate rules is under scrutiny by a federal watchdog for his dealings with industry players who lobbied the government to ease carbon pollution limits. It is the third inquiry into whether Bill Wehrum, who headed the Environmental Protection Agency’s air policy division from November 2017 until last month, violated federal ethics rules.
Mick Mulvaney’s battles with Alexander Acosta began almost immediately. Weeks after he was named acting White House chief of staff, Mulvaney summoned the labor secretary for a tense January encounter that became known inside the West Wing as “the woodshed meeting.” Mulvaney told Acosta in blunt terms that the White House believed he was dragging his feet on regulation rollbacks desired by business interests and that he was on thin ice as a result, according to advisers and a person close to the White House. Soon after, Acosta proposed a spate of business-friendly rules on overtime pay and other policies
The Environmental Protection Agency is preparing to weaken rules that for the past quarter-century have given communities a voice in deciding how much pollution may legally be released by nearby power plants and factories.
Many of the world’s largest automakers joined together Thursday to tell President Trump that one of his most sweeping deregulatory efforts — his plan to weaken pollution standards for automobiles — threatens to hurt their profitability and produce “untenable” instability in one of the nation’s most important manufacturing sectors.
Federal regulators moved on Wednesday to ease oversight of the country’s largest banks and other financial firms, continuing a push by the Trump administration to reverse rules that were put in place following the 2008 financial crisis.The Federal Reserve said it would adjust the structure of its annual “stress tests,” which measure the ability of leading banks to withstand a potential economic or financial storm. The changes are likely to make it easier for banks to get regulatory approval to pay higher dividends or buy back their own shares.
A few weeks after President Donald Trump moved into the White House, he received a memo from one of his biggest campaign donors: Robert Murray, the CEO of Murray Energy, America’s largest private coal company. Emblazoned with the words “Action Plan,” it was essentially a wish list of all the environmental regulations Murray wanted Trump to get rid of.
The Trump administration announced on Friday a plan designed to make it easier for coal-fired power plants, after nearly a decade of restrictions, to release into the atmosphere more mercury and other pollutants linked to developmental disorders and respiratory illnesses.
In just two years, President Trump has unleashed a regulatory rollback, lobbied for and cheered on by industry, with little parallel in the past half-century. Mr. Trump enthusiastically promotes the changes as creating jobs, freeing business from the shackles of government and helping the economy grow. The trade-offs, while often out of public view, are real — frighteningly so, for some people — imperiling progress in cleaning up the air we breathe and the water we drink, and in some cases upending the very relationship with the environment around us.
Nowhere in an 1,800-word executive order to address forest management and wildfires — quietly issued on Friday — does President Donald Trump draw a connection between climate change and increased wildfire risk. Instead, critics say it looks like a potential handout to the logging industry. The executive order, titled “Promoting Active Management of America’s Forests, Rangelands, and other Federal Lands to Improve Conditions and Reduce Wildfire Risk,” calls on the secretaries of Interior and Agriculture to reduce “regulatory barriers” to getting rid of “hazardous fuels” that contribute to wildfires.
A major scientific report issued by 13 federal agencies on Friday presents the starkest warnings to date of the consequences of climate change for the United States, predicting that if significant steps are not taken to rein in global warming, the damage will knock as much as 10 percent off the size of the American economy by century’s end.
The parade of trailer trucks rolling through Jay Butler’s dusty ranch is a precursor to a new fracking boom on the vast federal lands of Wyoming and across the West. Reversing a trend in the final years of the Obama presidency, the Trump administration is auctioning off millions of acres of drilling rights to oil and gas developers, a central component of the White House’s plan to work hand in glove with the industry to promote more domestic energy production.
The Trump administration on Tuesday said it would explore regulating Google — an effort that would challenge protections around free speech online — in response to the president’s allegations that the tech giant manipulates its search results to prominently display negative stories about him and other Republicans.
Potential perils are in plain sight: An intense and unpredictable tariff battle is alarming businesses across the country. The annual federal deficit is heading toward $1 trillion. Credit card debt is soaring. And the synchronous wave that lifted every world economy at the year’s start has dissipated. So what? Such risks have done little to puncture the exuberant optimism that is encouraging American businesses to ramp up hiring and consider new investment.
Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, fired the agency’s 25-member advisory board Wednesday, days after some of its members criticized his leadership of the watchdog agency. The CFPB said it will revamp the Consumer Advisory Board, known as the CAB, in the fall with all new members. The panel has traditionally played an influential role in advising the CFPB’s leadership on new regulations and policies.
The House voted on the biggest rollback of Wall Street regulations since the financial crisis. While the bill would change many regulations for regional and community banks, analysts say it is not a total dismantling of the Dodd-Frank Act.
The Senate on Wednesday passed the biggest loosening of financial regulations since the economic crisis a decade ago, delivering wide bipartisan support for weakening banking rules despite bitter divisions among Democrats.
As the Russia investigation plays out, McGahn has taken a long view toward policy issues that he thinks could serve as legacy issues for Trump. He recently met with Senate Majority Leader Mitch McConnell and Senate Judiciary Committee Chairman Chuck Grassley about installing more conservatives in the judiciary. He's taken a keen interest in deregulatory issues.
Some of the president’s economic policies could actually harm the farm industry. New analyses of the tax law by economists at the Department of Agriculture suggest it could actually lower farm output in the years to come and effectively raise taxes on the lowest-earning farm households, while delivering large gains for the richest farmers.
Accidental deaths in coal mines doubled from the previous year in 2017, according to the most recently available statistics from the Mine Safety and Health Administration. A more than 100 percent jump in fatalities — from seven last year to 14 in 2017 — does not correspond even remotely to the 3.7 percent increase in available industry jobs over last year. By comparison, in 2015, the number of mining jobs was 69,000 — 30 percent more than today — but the number of deaths among those jobs topped off at 12.
During the Obama administration, the federal government took action to prevent another Deepwater Horizon-sized oil spill, widely viewed as the worst environmental disaster in U.S. history. After taking office, the Trump administration immediately began making plans to relax certain offshore drilling rules implemented after the 2010 disaster.
An agency can’t regulate blind. Deprive a regulator of information, and it can’t do much. The Equal Employment Opportunity Commission enforces workplace discrimination laws. In September 2016, it announced that it would require certain larger employers to report wage and hour data by gender, ethnicity and race. This August, the White House budget office suspended the plan indefinitely while the office reviews it.
Pai gutted net neutrality without ever trying to make the case for it being a good idea. Pai’s final media appearance was a troll-ish video with alt-right blog The Daily Caller, in which he literally dances with a woman who supported the insane Pizzagate conspiracy that ended with a gunman storming a pizza parlor. His most recent private speech was a smarmy affair delivered to a room full of telecom lobbyists in which he joked about being Verizon’s puppet and taking orders from Sinclair Broadcasting.
The Federal Communications Commission voted on Thursday to dismantle landmark rules regulating the businesses that connect consumers to the internet, granting broadband companies the power to potentially reshape Americans’ online experiences. The agency scrapped the so-called net neutrality regulations that prohibited broadband providers from blocking websites or charging for higher-quality service or certain content. The federal government will also no longer regulate high-speed internet delivery as if it were a utility, like phone service.
President Trump on Thursday said his administration was answering “a call to action” by rolling back regulations on environmental protections, health care, financial services and other industries as he made a push to showcase his accomplishments near the end of his first year in office.
On Monday, the Senate Banking Committee announced that it struck a rare bipartisan deal to deregulate banks. The deal would gut several of the protections enacted in 2010 in response to the financial crisis as part of the Dodd–Frank Wall Street Reform and Consumer Protection Act, most notably a key rule requiring that “Too Big To Fail” banks—those with more than $50 billion in assets—undergo stricter oversight.
The Sinclair Broadcast Group (Smith) and the Trump administration’s F.C.C. chief (Pai) see eye-to-eye on the need to unleash television. An examination of the F.C.C. records shows that the Smith-Pai alliance does not follow the familiar script of a lobbyist with deep pockets influencing policy. Instead, it is a case of a powerful regulator and an industry giant sharing a political ideology, and suddenly, with the election of Mr. Trump, having free rein to pursue it — with both Mr. Smith, 66, and Mr. Pai, 44, reaping rewards.
The House’s appropriations bill, includes riders that would further pare back campaign finance rules that have already been decimated over the last decade, in large part through Supreme Court decisions such as Citizens United and McCutcheon v. FEC. These rulings and a Congress hell-bent on deregulating the campaign finance system has lead to increasingly expensive elections, with the money that helps candidates win often pouring in from anonymous interests. Watchdog groups and journalists call these billions from shadowy sources “dark money.”
The chaos, legislative fumbling, and legal jeopardy should not obscure the ways that the administration is remaking federal policy in consequential ways. With the Trump administration’s chaos sucking up all the attention, it’s been able to move forward on a range of its priorities, which tend to be more focused on regulatory matters anyway. It is remaking the justice system, rewriting environmental rules, overhauling public-lands administration, and greenlighting major infrastructure projects. It is appointing figures who will guarantee the triumph of its ideological vision for decades to come.
With one devastating flourish of the presidential pen, worldwide progress on family planning, population growth and reproductive rights was swept away. Now some of the world’s poorest women must count the cost
This week, the Trump administration defied its “America First” rhetoric with a policy change that would make it easier for companies to hire guest workers from foreign countries. The Trump Organization is already poised to benefit from it. On Monday, the Department of Homeland Security raised the cap on H-2B visas for foreign guest workersfrom 66,000 visas per year to 81,000. On Thursday — just three days later — Trump’s properties told the Department of Labor that they wanted approval to hire 76 guest workers using those visas.
President Trump entered office pledging to cut red tape, and within weeks, he ordered his administration to assemble teams to aggressively scale back government regulations. But the effort — a signature theme in Mr. Trump’s populist campaign for the White House — is being conducted in large part out of public view and often by political appointees with deep industry ties and potential conflicts.
An appeals court Monday struck down the Environmental Protection Agency’s 90-day suspension of new emission standards on oil and gas wells, a decision that could set back the Trump administration’s broad legal strategy for rolling back Obama-era rules. In a 2-to-1 ruling, the U.S. Court of Appeals for the District of Columbia Circuit concluded that the EPA had the right to reconsider a 2016 rule limiting methane and smog-forming pollutants emitted by oil and gas wells but could not delay the effective date while it sought to rewrite the regulation.
The oil industry's most powerful lobbying group met on March 23 with President Trump's interior secretary at the Trump International Hotel in Washington, DC. It also happened to be the same day the administration killed a rule that oil companies opposed. The location of the meeting is raising eyebrows and ethical questions. The Trump International Hotel, situated just blocks from the White House, is ground zero for companies and foreign leaders who may be trying to cozy up to the president by using his properties, critics and ethics experts fear.
Plans to mine alongside Alaska’s pristine Bristol Bay, where half the world’s salmon are fished, had appeared dead in the water in recent years. Not anymore. The Environmental Protection Agency has dropped a regulatory plan that would have protected Bristol Bay from the planned Pebble Mine, encouraging the project’s backers to seek permits and move forward.
It’s no secret that oil and gas companies are on the hunt for new places to drill. But the quest for more fossil fuels could heat up in places you might not expect: our national parks. With President Donald Trump’s executive order on energy, federal agencies are now reviewing all rules that inhibit domestic energy production. And that includes regulations around drilling in national parks that, if overturned, could give oil and gas companies easier access to leases on federal lands they’ve long coveted. Weaker regulations could mean oil and gas pollution and spills in pristine national parks.
If the billionaire Koch brothers turn to the White House for favors, they will see many familiar faces. Newly disclosed ethics forms reveal that a significant number of senior Trump staffers were previously employed by the sprawling network of hard-right and libertarian advocacy groups financed and controlled by Charles and David Koch, the conservative duo hyper-focused on entrenching Republican power, eliminating taxes, and slashing environmental and labor regulations.
Republicans in Congress just voted to reverse a landmark FCC privacy rule that opens the door for ISPs to sell customer data. Lawmakers provided no credible reason for this being in the interest of Americans, except for vague platitudes about “consumer choice” and “free markets,” as if consumers at the mercy of their local internet monopoly are craving to have their web history quietly sold to marketers and any other third party willing to pay.
Republican lawmakers reined in regulations — including some on testing — that they criticized as heavy-handed.With all the attention paid to President Trump’s lightning-rod secretary of education, Betsy DeVos, and her advocacy for private school vouchers, little public notice has been paid to the action on education in Congress — where lawmakers have broader power than Ms. DeVos to make changes to the nation’s school system.Now, Congress has done exactly that, voting to repeal crucial regulations associated with the Every Student Succeeds Act, one of President Barack Obama’s final legislative achievements.
In a flurry of deregulation, the Trump administration has already suspended or reversed more than 90 rules. And industry is clamoring for more. Telecommunications giants like Verizon and AT&T will not have to take “reasonable measures” to ensure that their customers’ Social Security numbers, web browsing history and other personal information are not stolen or accidentally released.Wall Street banks like Goldman Sachs and JPMorgan Chase will not be punished, at least for now, for not collecting extra money from customers to cover potential losses from certain kinds of high-risk trades that helped unleash the 2008 financial crisis.
Critics are charging that billionaire investor Carl Icahn has used his position as Donald Trump’s deregulatory czar to strong-arm the ethanol lobby into agreeing to a change that will save one of Icahn’s companies $200 million a year.If so, this would be the most obvious example yet of crony capitalism in the Trump era.
After just a few weeks in office, the new administration is targeting dozens of Obama-era policies, using both legislative and executive tactics. The fallout is already rippling across the federal bureaucracy and throughout the U.S. economy, affecting how dentists dispose of mercury fillings, how schools meet the needs of poor and disabled students, and whether companies reject mineral purchases that fuel one of the world’s bloodiest conflicts.
President Trump on Friday moved to chisel away at the Obama administration’s legacy on financial reform, announcing a series of steps to revisit the rules enacted after the 2008 financial crisis and setting the stage for a showdown with Democrats over the future of Wall Street regulation. The rule’s supporters, including Democratic lawmakers and consumer groups, describe it as a basic consumer protection that can prevent brokers from taking advantage of vulnerable clients.
Why does an arthritis drug that costs $2,669 here cost $822 in Switzerland? Article argues that this simply happens because in other places in the world governments regulate and negotiate drug prices but in the US they don't. My question is why is it that government can negotiate on outsourcing the way Mr, Trump just did with the Carrier jobs but they don't do this with the drug companies?