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Americans should strongly support the tax reform bill passed by the House of Representatives . The final legislation to which both chambers agree will change, but the great majority of individuals, families and businesses will see lower tax bills because of the legislation.
TCG BDC and Federal Agricultural Mortgage Corp. are both small-cap finance companies, but which is the superior business? We will compare the two companies based on the strength of their earnings, dividends, risk, institutional ownership, valuation, profitability and analyst recommendations. TCG BDC pays an annual dividend of $1.48 per share and has a dividend yield of 8.0%.
The House passed a nearly $1.5 trillion tax bill that differs from legislation approved by the Senate Finance Committee. A comparison of the Republican-written measures: -Personal income tax rates: House bill condenses current seven brackets to four: 12, 25, 35 and 39.6 percent.
Perhaps OMB Director Mick Mulvaney has become more of a curse than a blessing in his job as budget director. Or perhaps he's just bored with that job and would love a shot at wrecking the CFPB, an agency he loathes.
Richard Cordray, the first director of the Consumer Financial Protection Bureau, said Wednesday that he will leave the agency by the end of the month. Cordray was a holdover from President Barack Obama's administration, appointed to his position in 2013 for a five-year term.
Uncertainty gripped the Senate on Wednesday over efforts to pass a sweeping $1.5 trillion tax cut after a Wisconsin Republican became the first senator in his party to declare that he could not vote for the tax bill as written, and other senators expressed serious misgivings over the cost and effect on the middle class. The House is set Thursday to pass its own version of the tax bill, which would cut taxes by more than $1.4 trillion over 10 years and broadly rewrite the business tax code.
Richard Cordray, the aggressive first director of the Consumer Financial Protection Bureau, plans to leave the agency by the end of the month, giving President Donald Trump a chance to appoint a replacement likely to be friendlier to the financial industry. Cordray was a holdover from the Obama administration, appointed to his position in 2013 for a five-year term.
Richard Cordray, director of the Consumer Financial Protection Bureau, talks about mortgage protections, managing student loans and the best ways to prevent another financial crisis with USA TODAY Editorial Page writer Saundra Torry. Richard Cordray said he will step down as director of the Consumer Financial Protection Bureau, by the end of November.
NEW YORK Richard Cordray, the aggressive first director of the Consumer Financial Protection Bureau, said Wednesday he will leave the agency by the end of the month.
The pension crisis has been news for some time now, but it's finally gotten so bad that U.S. politicians are now proposing legislation to solve the problems facing private pensions. But the "solution" they're offering won't fix the problem.
The House on Tuesday backed legislation that will increase flood insurance premiums for many property owners to help firm up a program under stress from ever-more frequent and powerful storms. The bill's passage was secured when sponsors made a variety of changes to accommodate lawmakers determined to protect constituents from even steeper rate hikes or from being booted out of the program altogether.
Senate Majority Leader Mitch McConnell on Nov. 7 said he expects the GOP tax plan "in the end to be revenue neutral for the government, if not a revenue gainer." As Republicans work to pass the largest overhaul of the U.S. tax code since 1986 by the end of this calendar year, they're not banking on any support from Senate Democrats.
Leave it to the Senate to take a flaming hot Trump economy and throw swamp water on it! The booming stock market speaks for itself. President Trump has our economy rolling and now the Senate comes along with "business as usual" tactics to mess things up.
A federal grand jury in Raleigh indicted a Guatemala native found in Wayne County on charges of false representation of a Social Security account number and aggravated identity theft. Maria Asuncion Lucas-Mendez, 31, would face up to seven years imprisonment, a $250,000 fine and a term of supervised release following imprisonment if convicted on the charge.
The portion of the House Republican tax proposal that curtails homebuying incentives appears likely to hit Minnesota harder than most states. That's because the vast majority of cabins in central and northern Minnesota are second homes, which would no longer be eligible for a deduction on mortgage interest under the House GOP tax plan that was unveiled Nov. 2. Senate Republicans last week unveiled a different tax reform plan that makes no change to mortgage interest deductions.
As it has so often in the past, Congress is making the end of the year difficult for accountants and tax practitioners, dragging tax legislation out to the last minute with a maximum of confusion and a minimum of advanced warning. The simultaneous release on Thursday of the Senate's proposals for tax reform and the House Ways and Means Committee's markup of an earlier House bill may bring the tax reform process closer to some kind of end, but they provide few, if any, actionable items for tax professionals to bring to their clients, and in fact may end up threatening the entire reform effort.
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The emerging Senate tax overhaul measure wouldn't touch the mortgage interest deduction, as a concession to the powerful real estate lobby. The move means homebuyers would still to be able to deduct interest payments on loans of up to $1 million as permitted under current law.
In the world of conservative thought, few issues are as popular as tax reform. It's an accepted truth, by nearly anyone on the right, that the tax code is too complicated for an average citizen to understand and too laden with loopholes to be fair.