• A new report says the Trump tax law will boost economic growth - just probably not where Trump wants it

    5 monthes ago - By Business Insider

    A new Congressional Budget Office report on the Republican tax law found a significant amount of its benefits would go to foreign investors.
    Between 2018 and 2028, 43% of the economic benefit from the tax law will go to foreign investors, the report said.
    President Donald Trump and the Republican Party sold their new tax law as a big win for American workers and businesses. But a new report says a significant amount of the law's benefits could end up helping people outside of the US.
    In response to an inquiry from Sen. Chris Van Hollen, a Democrat from Maryland, the Congressional Budget...
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  • How The Portland Trail Blazers Became NBA Champs

    How The Portland Trail Blazers Became NBA Champs

    5 monthes ago - By Fast Company

    They may be down 3-0 against the New Orleans Pelicans in the NBA playoffs, but Rip City keeps reaping the rewards of a winning digital strategy.
    At Coachella last Sunday, amid the bohemian Insta-models, headdress appropriation chic, and dude-bros gathered in the California desert, there was an unexpected NBA interlude. During their set, Portugal. The Man regaled the crowd with its own finger-pickin' rendition of the Portland Trail Blazers' “ Trumpets ” theme that introduces the team's game broadcasts. All the while, they were backed by a massive screen playing a trippy animated homage to...
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  • Big Wall Street banks saved $3.6 billion in taxes last quarter under Trump's new law

    5 monthes ago - By CNBC

    An analysis by The Associated Press shows the nation's six big Wall Street banks saved at least $3.59 billion in taxes last quarter, thanks to the recently enacted Trump tax law.
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  • Big banks saved $3.6B in taxes last quarter under new law

    5 monthes ago - By Chron

    NEW YORK - An analysis by The Associated Press shows the nation's six big Wall Street banks saved at least $3.59 billion in taxes last quarter, thanks to the recently enacted Trump tax law.
    Banks typically kick off the earnings season, and their reports for the January-March quarter are giving investors and the public their first glimpse into how the new tax law is impacting Corporate America. Banks historically paid some of the highest taxes, due to their U.S.-centric business model. Before the Trump tax cuts, these banks paid between 28 to 31 percent of their income each year in...
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