Gary Cohn to Resign as Trump Adviser After Dispute Over Tariffs

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Gary Cohn is resigning as President Wilbur Ross, who had recommended the tariffs to the president, privately argued over the issue just hours before it was announced. The tariffs appeared to mark a tipping point for Cohn, 57, a registered Democrat who made clear that he saw his job in the administration to be an […]

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Cuomo Seeks New York Tax Revisions to Thwart Federal Changes

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New York state would end income taxes on wage earners and make up the revenue with an employer payroll tax that’s federally deductible as part of a restructuring plan that Governor Andrew Cuomo is recommending to mitigate harmful effects of the new U.S. tax code. The new federal law limits deductions for individuals’ state and […]

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Trump’s Tariffs on Solar Mark Biggest Blow to Renewables Yet

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President Donald Trump dealt his biggest blow to the renewable energy industry yet. On Monday, Trump approved duties of as much as 30 percent on solar equipment made outside the U.S., a move that threatens to handicap a $28 billion industry that relies on parts made abroad for 80 percent of its supply.  The tariffs are […]

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Trump Says Bannon Lost His Mind After Leaving White House

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President Donald Trump denounced his former top strategist, Steve Bannon, on Wednesday in a dramatic break from the man considered an architect of Trump’s populist campaign. “When he was fired, he not only lost his job, he lost his mind,” Trump said in a statement issued after the publication of excerpts of a new book […]

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Apple, Returning Overseas Cash, to Pay $38 Billion Tax Bill

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Apple Inc. said it will bring hundreds of billions of overseas dollars back to the U.S., pay about $38 billion in taxes on the money and spend tens of billions on domestic jobs, manufacturing and data centers in the coming years. The iPhone maker plans capital expenditures of $30 billion in the U.S. over five years […]

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Trump Takes On Amazon Again, Urging Much More in Postage Fees

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President Jeff Bezos, who also owns the Washington Post newspaper and is currently the world’s   $62 Billion Loss The Postal Service reported a net loss of $2.1 billion in the third quarter of 2017 and has $15 billion in outstanding debt. The service has lost $62 billion over the last decade. USPS’s chief financial […]

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Senate Passes Tax-Cut Bill in Milestone Move Toward Overhaul

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Senate Republicans narrowly approved the most sweeping rewrite of the U.S. tax code in three decades, slashing the corporate tax rate and providing temporary tax-rate cuts for most Americans. The 51-49 vote — achieved just before 2 a.m. Saturday in Washington and only after closed-door deal-making with dissident senators — brings the GOP close to […]

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The GOP Tax Plan Is Entering Its Make-or-Break Week

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The $1.4 trillion item on President Donald Trump’s wish list — a package of tax cuts for businesses and individuals that he has said he wants to sign before year’s end — is headed into the legislative equivalent of a Black Friday scrum next week. Senate Republican leaders plan a make-or-break floor vote on their […]

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Americans Are Officially Freaking Out

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For those lying awake at night worried about health care, the economy, and an overall feeling of divide between you and your neighbors, there’s at least one source of comfort: Your neighbors might very well be lying awake, too. Almost two-thirds of Americans, or 63 percent, report being stressed about the future of the nation, according to the […]

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NFL’s Litany of Excuses Runs Out After Ratings Fall for Second Year

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TV networks are running out of excuses for the dwindling popularity of the Walt Disney Co. set to report earnings in the next few days, analysts are bound to raise questions. These companies have used the popularity of the games to extract additional fees from cable operators, promote other shows on their networks and sell lots […]

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