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Former Obama Treasury secretary says the GOP tax law is a 'ticking time bomb'
Former Treasury Secretary Jack Lew says the new tax law is the opposite of what the US economy needs at this point in the economic cycle.In a Bloomberg interview, Lew said the increased debt load from...
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BANK OF AMERICA: Tax reform could be a drag on company profits by next year
Equity strategists at Bank of America Merrill Lynch, like many others, expect the corporate tax cut to boost company earnings.But BAML thinks the boost will be short-lived, probably not beyond...
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Republicans are already acknowledging they need to fix their gigantic tax law...
The new Republican tax law sets up major changes to the US tax code.Republicans are already acknowledging they will need follow-up bills to help correct any implementation issues.Democrats may not go...
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Trump's tax overhaul has slowed Manhattan's real estate market even before...
Fourth-quarter home sales in Manhattan slumped as buyers considered the impact of the new tax law. The Tax Cuts and Jobs Act caps the amount of state and local tax deductions at $10,000, and rich...
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Here's what Trump's tax plan means for blue collar workers, from cashiers to...
• Now that US President Donald Trump has signed Republicans' tax overhaul into law, it's time to figure out what the new tax code will mean for you.• Career site Zippia broke down how the new tax plan...
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White House says Gary Cohn isn't going anywhere — for now
Gary Cohn has long been reported to be eyeing an exit from the Trump administration after tax reform.With the GOP package now law, speculation has increased that Cohn will leave the White House...
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Deutsche Bank falls after announcing a $1.8 billion tax hit (DB)
Shares of Deutsche Bank fell more than 5% after the German firm said it would take a $1.8 billion hit from President Donald Trump's newly enacted tax reform. "As a result of the recent enactment of the...
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Gary Cohn says he's 'here next week' when asked if he'll stay with Trump...
Gary Cohn, President Donald Trump's top economic advisor, said he is going to be at the White House "next week" when asked about his job status.Cohn has repeatedly dodged questions about his job status...
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UBS: Apple could free up $24 billion by bringing back its overseas cash (AAPL)
Apple could free up $24 billion of overseas cash due to President Donald Trump's tax overhaul, a UBS analyst found.The corporate tax plan incentivizes companies like Apple that do big business overseas...
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I'm a financial adviser managing $2.5 billion — here are the 7 most important...
President Donald Trump signed the final version of the Tax Cuts and Jobs Act of 2017 into law December 22.The new tax law will enact massive changes in the tax code, affecting businesses and individual...
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Trump is planning to use a misleading number to try and sell the GOP tax law
President Donald Trump will talk up the tax law during a speech in Nashville on Monday.In the speech, Trump will tout "a total of $5.5 TRILLION DOLLARS IN TAX CUTS."That total is misleading, as many of...
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Here's why Trump tax reform might not work as expected
In the wake of Donald Trump's tax reform measures, investors are just going to find new ways to game the system to their benefit. Still, the new tax system is likely to provide a short-term economic...
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Warren Buffett's Berkshire Hathaway could get a $37 billion windfall from tax...
Warren Buffett's Berkshire Hathaway could be one of the biggest beneficiaries of tax reform, according to Barclays. Analysts estimate that its book value could rise by about $37 billion because of the...
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Tax reform will make for a 'noisy' earnings season — but stocks should keep...
The effects of tax reform could stir up some turmoil in what's expected to be an otherwise very strong earnings season, according to Goldman Sachs.The two areas to watch are required corporate...
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Freelancers get more of a boost from the new tax plan than we previously...
• The new tax law's pass-through deduction is a major boost for freelancers.• This pass-through policy also affects more freelancers than it did in previous iterations of Republican tax reform.• But...
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White House praises Walmart for raising wages because of the tax bill —...
Trump officials praised Walmart for its announcement on Thursday that the retail giant was planning to increase wages and give longtime employees bonuses in part as a result the new Republican tax...
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'We'd love to use the cash': Big pharma's getting ready to spend tax reform...
There's a lot of anticipation for big-ticket pharmaceutical mergers and acquisitions to take off in 2018.That's in large part because of the tax reform that passed in 2017, which frees up cash...
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We crunched the numbers to find the one stock set to get the biggest boost...
The corporate tax rate is being slashed to 21% from 35% under the US tax law that took effect this year.Companies are also getting a repatriation holiday to bring cash from foreign entities back...
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Americans are starting to warm up to the new Republican tax law
A New York Times/SurveyMonkey poll showed that the newly-implemented Republican tax law is getting more popular among Americans.This is critical for Republicans, who have staked a large amount of their...
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The biopharma companies that could be getting ready to spend big following...
As part of tax reform, pharmaceutical and biotech companies are likely to bring back billions in cash to the US.What these companies do with that cash remains to be seen, but there's a lot of...
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