Trump officials temper expectations for 15 percent corporate tax rate
13 September, 2017, 00:43 | Author: Dustin Murphy
CNBCs Joe Kernen, Becky Quick and Andrew Ross Sorkin interview Steven Mnuchin, the 77th United States Secretary of the Treasury, at the CNBC Institutional Investor Delivering Alpha conference September 12th in NYC. "But we're going to get this down to a very competitive level", Mnuchin said. "If you're a business that's creating manufacturing jobs, you're going to get the benefit of that rate because that's going to be passed through to help create jobs and better wages".
Hedgies typically have their income taxed at a lower "carried interest" rate, since it's considered a share of the company's profits.
Most Senate Democrats have said they won't support a tax bill that cuts taxes for people in the top 1 percent of income.
Mnuchin did not give an exact number but rather emphasized that getting tax reform done is much more important. White House legislative director Marc Short says its principles for the tax overhaul will be released "in a matter of days, not weeks".
Democratic leaders including Mr. Schumer and Senator Ron Wyden of OR, the ranking Democrat on the Senate Finance Committee, are set to unveil a report on Tuesday finding that eliminating with the estate tax would mostly benefit the wealthiest Americans.
Republicans aim to overhaul the American tax code but have faced various hurdles in their goal of passing a tax reform bill this year.
Trump last week cut a short-term debt ceiling and government spending deal with Democrats to clear the deck for a major tax bill, but the agreement could complicate tax efforts by sowing doubt among the GOP about its unpredictable president.
"The president is absolutely a Republican", said Mnuchin, pointing out that he's one as well. "But the president wants to raise military spending".
I will not go to the extent of supporting the petition for revoking her Nobel Prize, which she once undoubtedly deserved. But what some have called " ethnic cleansing " and others "a slow genocide" has persisted - and recently accelerated.
Johnson threw a straight right hand that landed just behind the ear of Martins, knocking him out cold at:49 of the third round. Following the loss, Clarke announced his retirement from the UFC in his post-fight interview with Joe Rogan.
The company said that the Mi Notebook Pro is way more powerful than its Mi Notebook Air which was released a year ago . Xiaomi is also releasing a premium Ceramic edition of the smartphone with 8GB of RAM and 128GB of internal storage.
During that time, a resident said he heard a loud boom and looked out of the apartment to see the crane falling. The bayfront area is filled with hotels and high-rise condo and office buildings, near AmericanAirlines Arena.
Katia is the 11th named storm this Atlantic hurricane season and follows Hurricane Irma and Hurricane Jose . It was expected to gain some strength but the effects of Irma were seen eventually weakening that storm.
Ben Roethlisberger looks to pass against the Cleveland Browns at FirstEnergy Stadium on September 10, 2017, in Cleveland, Ohio. The ball bounded into the end zone where it was recovered for a touchdown, the first of the day, in very Browns fashion.
On Friday, the United boss was still waiting for the last members of his squad to return to Carrington following the global break. In a recent interview with ESPN, Ibrahimovic had said, " Romelu Lukaku asked me for the No.9 jersey and I said yes".
If we had ran like that all year, like we did over the last several years, we would have made it. Keselowski has competed in eight Xfinity races this year, winning just one of them.
Oil Rises As US Refineries Restart, Irma Wanes
US inventories data will be closely watched over the next two days amid uncertainties over the impact of recent hurricanes. Production had been on the rise over the summer, raising concerns OPEC's deal to cut output wasn't working.
Alabama vs. Colorado State
The interception led to a Pappanastos 22-yard field goal, pushing the Tide lead to 34-3 with 7:08 left in the game. Alabama fans got a glimpse of the future, but the present is still very much the Jalen Hurts show.
Google Takes Fight Over Record Antitrust Fine to EU Courts
These concern the contracts for its AdSense advertising service and the licensing of its Android mobile phone operating system. The Commission is reviewing its Google Shopping decision in light of the ECJ's Intel ruling, according to Reuters .
China Steps Up Curbs on Virtual Currency Trading
More to that, the Chinese bitcoin industry and market have regained trust over bitcoin and its legal status in China. When China banned ICOs , Bitcoin price took its first dive in many months, from almost $4,900 - $5,000 to $4,500.
Aaron Donald ends holdout but won't play Week 1
ESPN's Adam Schefter reported Donald and the Rams have yet to agree to a new contract and will continue negotiations. In 2017, Donald has a $1.8 million base salary and will carry a $3.2 million cap hit.
Brewers Ace Jimmy Nelson Out For Remainder of Season
Milwaukee Brewers starter Jimmy Nelson left Friday night's 2-0 victory over the Chicago Cubs after jamming his right shoulder. The Chicago Cubs will look to salvage a win and avoid the sweep when they take the field on Sunday.