World Media

Trump makes last major pitch for tax overhaul

Trump makes last major pitch for tax overhaul

Lawmakers on the congressional conference committee working to reconcile differences between the House and Senate versions of the tax legislation will have lunch with the president at the White House before the speech, Trump spokeswoman Lindsay Walters said.

Among them were expanding childcare tax credits, closing special interest loopholes, and lowering tax rates for families.

The IRS says taxpayers could begin seeing less money withheld from their paychecks "as early as February" if Congress passes a Republican tax overhaul plan this month.

While support for the tax bill has been heavily divided down party lines, during his speech, Trump explained that lowering taxes isn't a partisan issue. "But an American principle and an American idea". "When I say giant, I mean giant". It will also be the largest code reform since the Tax Reform Act of 1986. "They like it a lot and they can't say it", he said.

European Central Bank leaves key interest rates unchanged
The ECB is moving as slowly as possible to avoid stoking market volatility that could undermine the euro area's economic upturn. The ECB will give an important clue about the future course of stimulus policy when it reveals its inflation estimate for 2020.

Once the legislative process of merging the tax bills is complete, it will be sent back to the House and Senate for final passage. A final vote is expected next week. Trump will use the visiting families, who will join him in the White House's grand foyer, to illustrate provisions likely to benefit families across the country, they said.

But on tax simplification, the individual plans are different in the House and Senate plans.

Another major reform is the elimination of state and local tax deductions.

The corporate tax rate will be cut to 21 per cent, and the deduction for pass-through companies will be 20 per cent. There are seven brackets in the Senate bill, and only four in the House measure. The reduction is certain to provide ammunition for Democrats who complain that the tax package is a massive giveaway to corporations and the rich. The Senate bill does lower the rates for most filers.


  • Oprah Winfrey to receive 2018 Cecil B. DeMille Award

    Oprah Winfrey to receive 2018 Cecil B. DeMille Award

    Oprah is best known for hosting and producing talk show "The Oprah Winfrey Show", which aired for 25 series from 1986 to 2011. Which in Disney's A Wrinkle in Time film adaptation from director Ava DuVernay.
    Cristiano Ronaldo v Lionel Messi: Awards, goals and stats compared

    Cristiano Ronaldo v Lionel Messi: Awards, goals and stats compared

    Real Madrid forward Cristiano Ronaldo picked up his fifth Ballon d'Or award on Thursday night in a glittering ceremony in Paris. Exhausted of reading? Click through the gallery above to see the top 15 in the final 2017 Ballon d'Or ranking.

    Chiefs' Ty Smith earns spot in CHL/NHL Top Prospects Game

    The 18-year-old Bouchard has become one of the best offensive blue-liners in the OHL with 11 goals and 38 points in 31 games. The Knights defenceman is one of 16 OHLers who will take part in the 23rd annual National Hockey League draft showcase game.
  • Atlantis Resources buying Uskmouth power station in Simec tie-up

    Atlantis Resources buying Uskmouth power station in Simec tie-up

    It is planned to take ahead the £200m conversion to renewable energy of the Uskmouth Power Station. Shares in Atlantis' will be suspended from trading with effect from 7.30am this morning.

    Xilinx (NASDAQ:XLNX) Earns Daily Media Impact Score of 0.19

    Finally, KeyCorp set a $78.00 price target on Xilinx and gave the stock a "buy" rating in a report on Wednesday, October 11th. In related news, CEO Moshe Gavrielov sold 15,300 shares of the firm's stock in a transaction on Monday, May 8th.
    Eugenie Bouchard takes wild card to play Hobart

    Eugenie Bouchard takes wild card to play Hobart

    Eugenie Bouchard took a wildcard invitation to play Hobart International , which will take place from 7 to 13 January 2018. Only one week later, the pair have been snapped together again, this time relaxing together on the beach.
  • Apple plows $390M into Finisar facial recognition, 500+ jobs

    Apple plows $390M into Finisar facial recognition, 500+ jobs

    Apple called the investment an "award" on Wednesday, suggesting that this isn't an equity investment. Corning Incorporated, which manufactures the glass in iPhones, received $ 200 million in May.
    Ashes Test: Malan ton takes England to 305/4 on Day 1

    Ashes Test: Malan ton takes England to 305/4 on Day 1

    He and Bairstow will hope to build on their impressive partnership, which now stands at 174. The moment Dar gave Stoneman out, it created a stir among commentators, fans and experts.
    Exxon Mobil Corporation (XOM) VP Sells 5601 Shares of Stock

    Exxon Mobil Corporation (XOM) VP Sells 5601 Shares of Stock

    Chevron Corporation (NYSE:CVX) operates in the Major Integrated Oil & Gas segment of the Basic Materials sector. Stephens downgraded Cree, Inc. (NYSE:UAL) has "Underweight" rating given on Wednesday, November 1 by JP Morgan.
  • Greeks Strike to Protest Austerity Measures

    Greeks Strike to Protest Austerity Measures

    The state had adopted "ruthless dead end policies which were strangling the Greek people", GSEE said in a statement. Prime Minister Alexis Tsipras was catapulted to power in 2015 on promises to end austerity.

    Analyst Stock Recommendations For Tuniu Corporation (TOUR), Ciena Corporation (CIEN)

    Their average price target spell out an upbeat performance - a 29% and would give CIEN a market capitalization of almost $4.08B. Unusual volume can be a major signal that investment gurus and momentum traders are piling into a stock ahead of a catalyst.
    Leader of far-right group Britain First Paul Golding arrested in Belfast

    Leader of far-right group Britain First Paul Golding arrested in Belfast

    Britain First leader Paul Golding has been arrested by police investigating speeches made at a rally in August, Sky sources say. Fransen, 31, then appeared before magistrates to face two counts in connection with comments made a demonstration this summer.