• Steve Mnuchin is scrambling to head off Trump's possible trade war with China

    2 monthes ago - By Business Insider

    President Donald Trump said Treasury Secretary Mnuchin will go to China in the coming days.
    The meeting will come amid increased tensions due to new tariffs and trade restrictions.
    President Donald Trump on Tuesday said Treasury Secretary Steven Mnuchin will head to China in the coming days as the administration attempts to repair the fraying trade relationship between China and the US.
    Mnuchin suggested over the weekend that a trip to China was possible. Many analysts believed the move could be the first step on the path to fixing the Sino-American economic relationship.
    "You know we've...
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  • A sake brews in Brooklyn

    A sake brews in Brooklyn

    2 monthes ago - By Reuters

    Two Americans opened New York City's first sake brewery and tap room. As Fred Katayama reports, the sake uses a unique mix of American rice and New York tap water.
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  • A new report shows that one of the biggest breaks in Trump's tax law will go to the richest Americans

    A new report shows that one of the biggest breaks in Trump's tax law will go to the richest Americans

    2 monthes ago - By Business Insider

    A new report from the congressional Joint Committee on Taxation analyzed benefits from different parts of the new GOP tax law.
    The JCT found the new deduction for pass-through business will heavily benefit the wealthiest Americans.
    Americans making over $1 million a year, who make up 0.3% of all tax filers, will receive 44.3% of the total benefit from the pass-through deduction.
    A new report from the Joint Committee on Taxation found that a provision from the Republican tax law designed to help small businesses would mostly benefit Americans in the top 1% of earners.
    The report, released...
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  • A new report shows that one of the biggest breaks in Trump's tax law will go to the richest Americans

    A new report shows that one of the biggest breaks in Trump's tax law will go to the richest Americans

    2 monthes ago - By Business Insider

    A new report from the congressional Joint Committee on Taxation analyzed benefits from different parts of the new GOP tax law.
    The JCT found the new deduction for pass-through business will heavily benefit the wealthiest Americans.
    Americans making over $1 million a year, who make up 0.3% of all tax filers, will receive 44.3% of the total benefit from the pass-through deduction.
    A new report from the Joint Committee on Taxation found that a provision from the Republican tax law designed to help small businesses would mostly benefit Americans in the top 1% of earners.
    The report, released...
    Read more ...