Archive for November 12th, 2017

If you want to understand why the tax code is so hard to overhaul, consider the case of the mortgage interest deduction. The issue is so sensitive that the House and Senate are dealing with it in completely opposite ways.
To its many defenders and beneficiaries, the mortgage interest deduction symbolizes and subsidizes the American Dream. It promotes homeownership, which gives people a stake in stronger neighborhoods and safer streets. And, of course, homeownership is the ticket to the middle class.
By allowing homeowners to write off their mortgage interest expenses thus reducing their…

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Robert Samuelson, in an op-ed from last week, observerd that “We Americans are having the wrong debate.” He thinks the debate shouldn’t be about whether the tax cuts will stimulate faster economic growth, or if the tax cut proposal is too stingy toward the middle class and the poor while being too generous towards the wealthy. Samuelson believes the “truth” is that we can’t afford any tax reduction. He thinks we are under-taxed and offers proof of this by informing the reader that we haven’t covered our spending for half a century. He wants the conversation to be about new taxes to…

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A small energy company from Montana is charging Puerto Rico for repair work to power lines at a rate that industry experts say is far above the norm.

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Forget getting up at dawn, or even skipping out on pumpkin pie so you can queue up at the mall — this year's deals are just as good online.

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As the stock market calmly racks up records and swells 401(k) balances amid a 9-year-old bull run, some skeptics who predicted the crash in 2008 are getting nervous. 

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Love it or loathe it, America's avocado craze shows no sign of fizzling out, but fans of the Mexican staple may not realize they can thank the NAFTA trade deal for ensuring its bountiful supply.

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Daimler is investing $11 billion to electrify its fleet of vehicles by 2020. 

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Both tax-cut versions would likely lower individual tax rates, but itemized deductions could be eliminated or limited.

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The iPhone X is the star that will push it to this exalted market cap, as renewed bullishness sweeps Wall Street

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<p>A group in New York is calling for a fee on all gig-economy transactions in order to provide workers with benefits like paid sick leave.</p>

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<p>As the holidays draw closer and holiday hiring is in full swing, industries across the board are feeling the unintended side effects of a falling unemployment rate— now at a 17-year low of 4.1%. But retail, food services and delivery, industries that are an essential part of the holiday grind, are among the most vulnerable.</p>

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This week marks the anniversary of one of the darkest moments in human history. For a non-trivial portion of the American population, they take it to mean its been one year since Donald Trump was elected President over Hillary Clinton. The nation as a whole remains deeply, increasingly bitterly divided. But thats in part a result from the real tragedy put forth further back in the past.
To my eye, Trumps Presidency so far has been thoroughly disappointing, though not necessarily surprising in that respect. He was elected largely because of the economic problem, meaning he was…

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Gen Xers between the ages of 45 and 54 are able to put a decent amount in savings, according to number crunching by NerdWallet.

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If you hope to retire early, the decisions you make are as important as the money you earn. Here are some tips for getting out of the rat race.

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Breaking into autonomous taxis could drive Tesla shares higher, says ARKInvest analyst Tasha Keeney. But Tesla short Gabe Hoffman isn't buying it.

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