News 

Trump defends GOP tax bill, proclaims U.S. economy set ‘to rock’

“And I will say that because of what we’ve done with regulation and other things our economy is doing fantastically well, but it has another big step to go and it can’t take that step unless we do the tax bill.”” writes Jonathan Lemire for sun-sentinel.com. No stranger to hyperbole, Trump also predicted the legislation would cause the economy to soar beyond its current 3 percent rate of growth.The legislation, which the GOP aims to muscle through Congress next week, would lower taxes on the richest Americans.Trump and GOP leaders…

Read More
News 

With Rubio onboard, GOP leaders finalize huge tax package

“The tax package would double the basic per-child tax credit from $1,000 to $2,000” writes Marcy Gordon for suntimes.com. Senate Republicans passed their original tax bill by a vote of 51-49 — with Rubio’s support.The business tax cuts would be permanent, but reductions for individuals would expire in 2026 — saving money to comply with Senate budget rules.The tax legislation would cut the top tax rate for the wealthiest Americans from 39.6 percent to 37 percent. Source: suntimes.com Share This:

Read More
News 

The top 10 cities travelers want to visit in 2018

“Travel site Expedia released its year-end look at travel trends Wednesday, combing through its vast trove of data to find the destinations that Americans most want to visit” writes Harrison Jacobs for businessinsider.com. According to the travel booking site, which based its findings on data from millions of searches over the last year, 10 destinations in the US and across the world stood out as the most searched-for destinations. From classic vacation spots like New York City to hot locations like Bangkok, Thailand, here are the top five places in…

Read More
News 

Trump says Americans are ‘very, very angry’ at FBI before he pledges his support

“In his remarks to reporters, Trump repeated his claims that Clinton got off easy in the FBI investigation into her use of a private email server while she was secretary of State” writes Joseph Tanfani for latimes.com. He called the decision not to prosecute the Democratic presidential nominee as evidence of a “rigged system.” “When you look at what they did with respect to the Hillary Clinton investigation, it was rigged. Source: latimes.com Share This:

Read More
News 

AP poll: Most Americans believe Trump did something illegal or unethical with Russia

“Both Nanez and Stephenson, like 63 percent of Americans, say Trump has tried to impede or obstruct the investigations into whether his campaign had Russian ties” writes Chad Day for sun-sentinel.com. Four in 10 Americans think the president has done something illegal when it comes to Russia, while an additional 3 in 10 say he’s at least done something unethical.Most Americans think Donald Trump did something illegal or at least unethical regarding ties between his presidential campaign and Russia — and they think he’s trying to obstruct the investigation looking…

Read More
News 

Older, wealthier Americans are the new renters

“Jane Fairweather, a Realtor in Bethesda, Maryland, who sells high-end suburban homes, is well-acquainted with the trend” writes unknown author for cnbc.com. High-income households drove nearly 30 percent of rental growth over the last decade.That means households would need an income of at least $59,000 to afford these apartments, which is significantly higher than the median renter income of $37,300. Source: cnbc.com Share This:

Read More
Markets News Stocks 

How you feel about Trump’s economy probably depends on whether you own stocks

“If you play the stock market, then you’re far more likely to approve of what President Donald Trump has done to the economy” writes Joe Ciolli for businessinsider.com. US corporations are currently enjoying a prolonged stretch of impressive earnings growth, which has historically been the biggest driver of stock gains.The survey found that 41% of participants who own stocks think their personal economic situation has gotten better this year, while only 15% say it’s gotten worse.It’s important to note that, despite Trump’s attempts to take credit, the stock market hasn’t…

Read More
News 

Trump: Americans could start seeing tax cuts in February

“We’re very close to voting,” Trump said earlier Wednesday, during a meeting with bicameral tax reform conferees” reports washingtonexaminer.com. President Trump delivered his final pitch for tax reform in remarks from the White House on Wednesday, during which he claimed Americans could see “bigger paychecks” as soon as February if congressional Republicans pass their tax bill next week.But McConnell and Ryan have signaled that they intend to move forward quickly to help the White House fulfill its promise to deliver tax cuts by Christmas.It was not immediately clear whether the…

Read More
News 

Why American capitalism doesn’t work for all Americans, says Nobel winner Angus Deaton

“MarketWatch: Could you summarize your landmark 2015 research about rising mortality rates among white Americans?” writes Senior Economics Reporter for marketwatch.com. For mortality rates to rise instead of fall is extremely rare.The Princeton economist, working with his wife Anne Case, stumbled on the fact that mortality rates were rising for working-age white Americans since 1999. Source: marketwatch.com Share This:

Read More
News 

Chertoff: Cyberattacks Hint at Nation-State Effort to Build Database of Americans

“Sign up for the WSJ Pro Cybersecurity newsletter and other products” writes Sara Castellanos for wsj.com. NEW YORK — Among the growing list of cybersecurity threats to corporations and citizens is the worry that nation states could be compiling dossiers of Americans for intelligence purposes, said Michael Chertoff, former secretary of the U.S. Department of Homeland Security. Source: wsj.com Share This:

Read More