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Capitol Report: Trump administration reverses stance on obscure tax provision that could have cost $700 million

The Trump administration in large part reverses itself on an unusual tax provision that could have cost Corporate America more than $700 million. But not all companies that lobbied on the matter are happy......»»

Category: topSource: marketwatchFeb 12th, 2019

Capitol Report: Companies are fighting an obscure provision that could cost them over $700 million

Companies cheered the elimination of the corporate alternative minimum tax, but it hasn’t been all smooth sailing ever since. Corporate America has AMT credits and refunds that are subject to reductions, and it’s fighting these “sequester” cuts......»»

Category: topSource: marketwatchOct 9th, 2018

Capitol Report: Corporate America is lobbying against an obscure provision that may cost them over $700 million

Companies cheered the elimination of the corporate alternative minimum tax, but it hasn’t been all smooth sailing ever since. Corporate America has AMT credits and refunds that are subject to reductions, and it’s fighting these “sequester” cuts......»»

Category: topSource: marketwatchOct 9th, 2018

After controversy, Trump administration releases report showing deals between banks,colleges cost students $27 million

A former official at the CFPB, which produced the study, accused political leadership of suppressing it......»»

Category: topSource: marketwatchDec 10th, 2018

Federal freeze on ACA payments could cost MN insurers $71M

A push by the Trump administration to suspend an Affordable Care Act payments program could cost Minnesota insurers more than $70 million in expected funding this year.   The New York Times has a report on the move by the federal Centers for Medicare.....»»

Category: topSource: bizjournalsJul 10th, 2018

Capitol Report: O’Rourke narrowly outraises Sanders in first hours of campaign | Trump reportedly rages against driverless cars

Beto O’Rourke raised more than $6 million online in the first 24 hours after announcing his presidential campaign last week, the New York Times reports, citing the Democrat’s campaign, outpacing his rivals for his party’s nomination......»»

Category: topSource: marketwatchMar 18th, 2019

Guest Opinion: What does $33 billion in regulatory cost savings really mean?

The Trump administration recently issued a report and supporting materials summarizing its regulatory cost cutting efforts......»»

Category: topSource: bizjournalsFeb 1st, 2019

Capitol Report: The one product even the Trump administration concedes has to come from China: water coolers

Say what you will about China’s trade practices, but even the Trump administration concedes there’s one area where their strategic and economic rival is indispensable: water coolers......»»

Category: topSource: marketwatchJan 16th, 2019

Mueller Investigation Cost $25 Million So Far, Report Says. It’s Pulled in $48 Million From Tax Cheats

Trump has been critical of the cost of the investigation. Robert Mueller’s in.....»»

Category: europeSource: fortuneDec 14th, 2018

Capitol Report: White House announces support for ‘opportunity zone’ tax breaks as influence questions persist

The Trump administration on Wednesday announced a government council that would coordinate federal efforts on behalf of the economic development aims behind ‘Opportunity Zones.’.....»»

Category: topSource: marketwatchDec 12th, 2018

Capitol Report: Utility giant’s CEO says it’s ‘unfortunate’ that Trump administration has ‘climate deniers’

While many American CEOs are keeping an eye on the Trump administration’s trade fight with China, a utility giant’s boss says his main interest in Washington is “the nexus between environmental and energy policy.”.....»»

Category: topSource: marketwatchDec 4th, 2018

Capitol Report: Ivanka Trump says email use has ‘no equivalency’ to Hillary Clinton | Extenders may be only tax item to pass in lame duck

Ivanka Trump defended her use of a private email account while transitioning to an administration job, telling ABC News “there’s no connection between” her situation and Hillary Clinton’s email scandal......»»

Category: topSource: marketwatchNov 28th, 2018

Capitol Report: Protesters to Tucker Carlson: ‘We know where you sleep at night’

Voices from both sides of the aisle rushed to the defense of the Fox News host, a vocal supporter of the Trump administration and a lightning rod for his takes on immigration, after protesters gathered outside his home in Northwest D.C......»»

Category: topSource: marketwatchNov 8th, 2018

Capitol Report: Trump’s new FERC chairman could give new life to plan to help coal and nuclear power plants, analysts say

Federal energy regulators look set to give another chance to a Trump administration proposal aimed at helping struggling coal-fired and nuclear power plants, according to Height Capital Markets analysts......»»

Category: topSource: marketwatchOct 25th, 2018

Capitol Report: White House’s Kudlow says new tax cuts in ‘planning stage’

New tax cuts floated by Donald Trump are in the “planning stage,” the head of the White House National Economic Council said Tuesday, a day after the president told reporters the administration would put in a “resolution” in the next week or two......»»

Category: topSource: marketwatchOct 23rd, 2018

Capitol Report: China’s entrance into WTO cost U.S. 3.4 million jobs, new study finds

The explosive growth in the U.S. trade deficit that came from China joining the World Trade Organization cost an estimated 3.4 million jobs, according to a new report released Tuesday......»»

Category: topSource: marketwatchOct 23rd, 2018

Capitol Report: Adelsons donate $32 million to Republicans for final stretch | Warren says Trump makes ‘creepy’ threats

Sheldon and Miriam Adelson funneled $32 million into Republican coffers in September, Politico reported, making them a primary source of strength for the GOP......»»

Category: topSource: marketwatchOct 16th, 2018

Capitol Report: Elizabeth Warren releases DNA results on Native American ancestry as Trump denies offering $1 million for test

Sen. Elizabeth Warren released a DNA test to the Boston Globe that suggests there is “strong evidence’’ she had a Native American in her family tree dating back 6 to 10 generations......»»

Category: topSource: marketwatchOct 15th, 2018

Capitol Report: Nikki Haley says she’s stepping down as U.S. ambassador to United Nations as she praises Trump’s family

President Donald Trump accepted the resignation of his United Nations ambassador Nikki Haley on Tuesday, saying she will leave the administration at the end of the year......»»

Category: topSource: marketwatchOct 9th, 2018

NewsWatch: Corporate America is lobbying against an obscure provision that may cost them over $700 million

Companies cheered the elimination of the corporate alternative minimum tax, but it hasn’t been all smooth sailing ever since. Corporate America has AMT credits and refunds that are subject to reductions, and it’s fighting these “sequester” cuts......»»

Category: topSource: marketwatchOct 9th, 2018

Capitol Report: Flake calls Trump’s mocking of Ford ‘appalling’ | Bloomberg to give $20 million to bolster Senate Democrats

Arizona Republican Sen. Jeff Flake characterized comments by President Donald Trump about Christine Blasey Ford, who has accused Supreme Court nominee Brett Kavanaugh of sexual assault, as “kind of appalling.”.....»»

Category: topSource: marketwatchOct 3rd, 2018