News 

Let’s get creative with existing taxes to fix housing crisis | Op-Ed

“Why not put a tax on real estate sales that sellers pay into a separate, dedicated fund to develop affordable housing?” writes Special To The for seattletimes.com. We were glad to see the Seattle City Council scrap its ill-advised head tax on jobs to address the growing homelessness and housing crisis.A county that keeps $10 million annually could potentially bond that to secure $100 million toward creating affordable housing.Similarly, why not expand the construction budget commitment and add a public-private matching grant program to rapidly develop affordable housing and job-training…

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News Regulators 

Trump did a bunch of stuff to strengthen the dollar; now he’s upset about the strengthening dollar

“And yet, both his tax cuts and trade war are contributing to these dynamics” writes Jared Bernstein for washingtonpost.com. He’s annoyed that the Fed is raising rates and that the stronger dollar is making our exports less competitive. Whine as you might, you can’t have a “great economy” closing in on full employment, an independent Fed, a big tax cut, a trade war — and a falling dollar.The figure below, an index of the value of the dollar against a basket of foreign currencies, shows the dollar beginning its most…

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Democratic Sen. Heitkamp: Benefits of tax cuts to US workers have been ‘eaten up’ by Trump’s tariffs

“Heidi Heitkamp told CNBC on Friday that the benefits of President Donald Trump’s tax cuts have been negated as a result of his aggressive steel and aluminum tariffs” writes Berkeley Lovelace Jr for cnbc.com. “My equipment manufacturers tell me whatever advantage they’ve gotten from the tax code change has been eaten up in the very early months of the steel and aluminum tariffs,” added Heitkamp, who is seeking re-election this year. Source: cnbc.com Share This:

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Rep. Buddy Carter: For tax reform, the best is yet to come

“However, even as millions of people are experiencing the benefits of tax reform, some in Washington insist on revving up the partisan rhetoric to try to downplay or distract from opportunity creating pro-growth tax reform” reports washingtonexaminer.com. In the 1st Congressional District of Georgia, I have visited workers and small businesses to discuss how tax reform will benefit them.I have seen firsthand how tax reform has allowed companies to create jobs and invest in their people and our communities. Source: washingtonexaminer.com Share This:

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Gov. Cuomo confirms probe into possible Trump Foundation tax law violations

“The New York State Department of Taxation and Finance is investigating the Trump Foundation for possible violation of tax law, New York Gov” reports washingtonexaminer.com. Andrew Cuomo confirmed Thursday. “For the Trump Foundation, the law is the law.It doesn’t matter who you are, the law is the law,” Cuomo said, according to Politico.This comes after attorney general Barbara D. Underwood filed a lawsuit last month against the Trump Foundation, President Donald Trump, and three of Trump’s children, accusing them of self-dealing, violating campaign finance laws, and coordinating illegally with Trump’s…

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Daily on Energy: That coal bailout costs how much!?

“New GOP carbon tax bill: Indeed, next week, Curbelo is planning to introduce a carbon tax bill, showing the emerging split within some quarters of the party” reports washingtonexaminer.com. Six Republicans voted against the measure condemning a carbon tax, which some conservative groups took as a positive sign that momentum is shifting.Strong opposition: But many powerful conservative groups oppose a carbon tax. Source: washingtonexaminer.com Share This:

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News Regulators 

LARRY SUMMERS: Trump just took another step toward turning the US into a ‘banana republic’

“Just recently, White House economic adviser Larry Kudlow told Fox Business Network he hoped the Fed would raise interest rates “very slowly.”” writes Pedro Nicolaci Da for businessinsider.com. The former White House economist is a frequent critic of Trump’s, having previously railed against everything from his infrastructure plan to what Summers saw as an ill-timed and poorly-conceived tax cut plan. Source: businessinsider.com Share This:

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Crypto News 

Congressman says we should be banned from mining, using cryptocurrency

“Congressman Brad Sherman, D-California, believes the government should prohibit U.S. citizens from mining and using cryptocurrencies” writes Mark Coppock for digitaltrends.com. Also brought up during the hearing was the idea of central banks issuing their own digital currency.Cryptocurrency is just a new form of electronic payment that should be embraced and treated like any other form of payment.But U.S. citizens also use a form of digital currency: Electronic payments. Having central banks issue digital currencies is “one of the worst financial ideas of recent times,” he said. Source: digitaltrends.com Share This:

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Markets News 

Biggest threat to markets and economy is a Democrat win in November, Trump advisor Hassett says

“I could think of a lot of bad things that could hurt markets,” Hassett told CNBC’s Joe Kernan during a “Squawk Box” interview” writes Jeff Cox for cnbc.com. The main thing that could derail markets and the economy would be a Democrat takeover of Congress, White House economic advisor Kevin Hassett said Thursday. Source: cnbc.com Share This:

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