Treasury Secretary Steven Mnuchin on Wednesday outlined President Donald Trump"s tax overhaul plan, which calls for slashing the corporate tax rate from 35 percent to 15 percent. Critics immediately called it “basically a huge tax cut for the rich”.
The headline grabbed my attention: “Americans have become lazy and it’s hurting the economy.”
Lazy? Now there’s a four-letter word you rarely hear Americans use to describe themselves.
The last thing President Trump now needs is for the stock market to go south on him. After all, he’s got worries aplenty: abroad, North Korea, Syria, Russia and Brexit; at home, the stalled effort to repeal Obamacare; and uncertainty surrounding “tax reform.” Compared with this tapestry of troubles, the stock market has been a splendid blessing.
President Trump appears to have softened his position on NATO, free trade, the U.S. Export-Import Bank, Federal Reserve Chair Janet Yellen, the advice of generals, and whether China is a currency manipulator.
Ivanka Trump's company scored a big victory in China this month, on the same day that she dined at Mar-a-Lago with the president of China and his wife in her role as first daughter.
America’s Congress is quietly becoming a European-style parliament -- and the transformation isn’t for the good. Congress is fanning, not defusing, conflict.
It isn’t often that economics raises the most profound questions of human existence, but recent work of economists Anne Case and Angus Deaton (husband and wife, both of Princeton University) comes close. You may recall that a few years ago, Case and Deaton reported the startling finding that the death rates of non-Hispanic middle-aged whites had gotten worse — they were dying younger.
The president said this would put an end to the "war on coal" and "job-killing regulations".
There was bound to be a political commotion when the Trump administration released its 2018 budget.
The 4,000 member companies of the Greater Philadelphia Chamber of Commerce believe it is paramount that the next Mayor focuses on continuing our momentum in creating jobs, boosting our population and economic growth to keep Philadelphia competitive with other cities around the nation and the world.