November 02, 2017

House Republicans introduced a $1.5 trillion tax cut proposal on Thursday that would drastically reduce current obligations for some of the wealthiest individuals and firms in the country. The so-called Tax Cuts and Jobs Act, which has received an endorsement from President Trump, includes tax reductions for most Americans. But benefits fall heaviest on entities at the higher end of the wealth spectrum. Pre-deduction corporate tax rates would be permanently slashed from 35 percent to 20 percent. Other types of businesses, like partnerships and S-corps,…

Keep Reading

Federal regulators are considering taking action to stop the acquisition of Time Warner by AT&T. The Justice Department and AT&T aren’t close to an agreement on conditions for the merger, according to a report Thursday morning in The Wall Street Journal. Antitrust Division lawyers are subsequently weighing a lawsuit to block the deal. The telecoms giant wants to purchase Time Warner as a content source for its mobile phone customers. Time Warner–owner of CNN, HBO, and TBS–wants to maximize viewership, as Bloomberg noted. Announced in…

Keep Reading