tax rate

Bloomberg Offers Few Details to Back Up Trillions in Spending

Bloomberg Offers Few Details to Back Up Trillions in Spending

Ask Democratic presidential candidate Michael Bloomberg how he’ll pay for his plans to create jobs, provide health insurance and repair roads and bridges, and you get the same answer: Wait until you

Biden, Sanders Overstate Tax-Hike Revenue, Estimates Find

Democratic presidential candidates Joe Biden and Bernie Sanders have overestimated the amount of revenue their tax proposals would generate by hundreds of billions, or even trillions, of dollars,
Trump Tax Cut Hands $32 Billion Windfall to America’s Top Banks

Trump Tax Cut Hands $32 Billion Windfall to America’s Top Banks

Savings for the top six U.S. banks from President Donald Trump’s signature tax overhaul accelerated last year, now topping $32 billion as the lenders curbed new borrowing, pared jobs and ramped up
White House Plans Tax Cut, Hopeful of a Republican House Majority

White House Plans Tax Cut, Hopeful of a Republican House Majority

The White House continues to work on a new tax-cut plan in hope that Republicans will be in control of Congress after the 2020 elections, President Donald Trump’s top economic aide Larry Kudlow said.
AOC, Sanders Say I Told You So, as Amazon, Facebook Come to NYC

AOC, Sanders Say I Told You So, as Amazon, Facebook Come to NYC

Democratic Representative Alexandria Ocasio-Cortez and Presidential candidate Bernie Sanders are taking a victory lap after Amazon.com Inc. and other technology giants leased millions of square feet
INSANE: Elizabeth Warren proposes tax plan with up to 158 percent tax rates

INSANE: Elizabeth Warren proposes tax plan with up to 158 percent tax rates

On the radio program Monday, Pat Gray and Stu Burguiere (filling in for Glenn Beck this week) discussed Democratic presidential candidate Elizabeth Warren's proposed tax plan that would push federal
U.K. Tories Court Votes With ‘Responsible’ Tax and Spending Plan

U.K. Tories Court Votes With ‘Responsible’ Tax and Spending Plan

U.K. Chancellor Sajid Javid drew election battle lines over tax and spending, accusing the Labour opposition of “reckless plans and ideological experiments” that would send foreign investors fleeing.
Aramco Launches IPO With Crown Prince’s Economic Vision at Stake

Aramco Launches IPO With Crown Prince’s Economic Vision at Stake

Saudi Arabia is pulling out all the stops to ensure the success of Aramco’s initial public offering after Crown Prince Mohammed bin Salman finally decided to offer shares in the world’s largest oil
Buttigieg Eyes 35% Corporate Tax Rate to Fund Health Plan

Buttigieg Eyes 35% Corporate Tax Rate to Fund Health Plan

Pete Buttigieg would pay for his $1.5 trillion health-care plan by rolling back President Donald Trump’s corporate tax cut to return the rate to 35% and allowing Medicare to negotiate drug prices,
Jokowi Targets $7 Trillion Indonesia Economy With New Cabinet

Jokowi Targets $7 Trillion Indonesia Economy With New Cabinet

Joko Widodo, Indonesia's president, recites the oath of office next to the Holy Quran during the presidential inauguration at the parliament in Jakarta, Indonesia, on Sunday, Oct. 20, 2019. Widodo was
Vestager Tax Crusade Stutters as Hungary Wins EU Court Clash

Vestager Tax Crusade Stutters as Hungary Wins EU Court Clash

Hungary won a court fight with European Union regulators over a tax on advertising, in another setback for Competition Commissioner Margrethe Vestager’s crusade against nations she says are gaming
Hunt’s Tax and Spending Plans Would Cost U.K. $36 Billion

Hunt’s Tax and Spending Plans Would Cost U.K. $36 Billion

Jeremy Hunt’s tax and spending proposals could cost the U.K. exchequer around 28 billion pounds ($36 billion) a year, adding to long-term pressures on the public finances, according to the Institute
Murphy Fights for N.J. Millionaire Tax: ‘Whose Side Are You On?’

Murphy Fights for N.J. Millionaire Tax: ‘Whose Side Are You On?’

Racing against New Jersey’s constitutional budget deadline, Governor Phil Murphy cast aside his typical diplomacy and said fellow Democrats against his millionaire’s tax were operating “in a bubble”
AbbVie Moves Allergan Profits to U.S. in Partial GOP Tax Law Win

AbbVie Moves Allergan Profits to U.S. in Partial GOP Tax Law Win

Allergan Plc, the drugmaker that emigrated to Ireland to avoid U.S. taxes in 2015, is now coming home -- at least partially.
On Cue, Wall Street Challenges Bernie Sanders's Trading Tax Plan

On Cue, Wall Street Challenges Bernie Sanders's Trading Tax Plan

Bernie Sanders wants Wall Street to pay off America’s student debt. Wall Street, predictably, says that’s a bad idea.
Trump's Tax Cuts Could Die the Hard Way: A Little at a Time

Trump's Tax Cuts Could Die the Hard Way: A Little at a Time

Democratic presidential candidates like Joe Biden and Kamala Harris have talked about repealing the GOP’s tax overhaul. Yet a large-scale rollback is unlikely. Instead, two other forces could slowly
House Democrats Aim to Repeal Church Tax Hike in Trump Law

House Democrats Aim to Repeal Church Tax Hike in Trump Law

House Democrats are likely to propose a repeal of a controversial provision in the 2017 tax overhaul that imposes a tax on some coveted benefits for employees at nonprofit organizations like houses of
Tsipras Makes Official Request to Start Greek Snap Election

Tsipras Makes Official Request to Start Greek Snap Election

Greek Prime Minister Alexis Tsipras met Monday with President Prokopios Pavlopoulos to make an official request for a general election following his defeat in European Parliament’s ballot last month.
Why Japan Is Risking a Tax Hike in a Slow Economy

Why Japan Is Risking a Tax Hike in a Slow Economy

While tax hikes are rarely popular anywhere, in Japan increases in the national sales tax proved especially toxic, squelching economic growth and damaging political careers. Yet Prime Minister Shinzo