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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Wal-Mart to Cut Thousands of Store-Management Roles

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A day after embarking on a pay hike, Wal-Mart Stores Inc. is taking steps to shake up management at thousands of its stores. The world’s biggest retailer is removing about 3,500 store co-managers, a salaried role that acts as a lieutenant underneath each store manager, according to people familiar with the move. It’s also adding about […]

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Should the Upper Middle Class Take the Biggest Tax Hit?

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Humans learn the concept of fairness at a very young age. After all, it doesn’t take long for a child to start whining about a sibling who gets an extra serving of ice cream. As the Republican-controlled Congress tries to push through tax reform this year, one group of Americans may similarly question why it’s coming up a scoop […]

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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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