Billionaire Warren Buffett on Saturday criticized the Republican healthcare plan, passed through the House last week, as a “huge tax cut for guys like me” and bad news for the less fortunate. “When there’s a tax cut, either the deficit goes up or they get the taxes from somebody else,” Buffet told shareholders at Berkshire […]
Tag: politics
Under New Health Care Plan, Major Cuts To Medicaid Coming
The House Republican health care bill’s massive cuts to Medicaid, often skimmed over in the last-minute drama over pre-existing conditions, are fast emerging as a critical source of opposition in the Senate. President Donald Trump said in his speech announcing his 2016 campaign that he would not cut Medicaid and bragged on Twitter that he […]
Exxon Seeks Waiver To Do Business With Russian Oil
Exxon Mobil, the company once ran by Secretary of State Rex Tillerson, is seeking a waiver from U.S. sanctions on Russia, The Wall Street Journal reported Wednesday. The U.S. oil and gas corporation has applied to the Treasury Department to be exempt in a bid to resume its joint venture with the Russia oil giant […]
Trump Tanks The Dollar
The dollar fell on Wednesday after President Donald Trump criticized its recent strength, but analysts expect the greenback to bounce back soon. Trump said the currency was “getting too strong” in an interview with The Wall Street Journal. “I think our dollar is getting too strong, and partially that’s my fault because people have confidence […]
US Launches 59 Tomahawk Missiles At Syrian Air Bases
The U.S. military attacked a Syria-government airfield with 59 Tomahawk missiles on Thursday evening. The missiles targeted the Shayrat air base near Homs, and were in response to a Tuesday chemical weapons attack. Officially announcing the strike, President Donald Trump said the targeted airfield had launched the chemical attack on a rebel-held area, and he […]
Ivanka And Husband Worth Over 700 Million Dollars
WASHINGTON, March 31 (Reuters) – President Donald Trump on Friday released details of the personal finances of his staffers late on Friday, including his son-in-law Jared Kushner and daughter Ivanka, confirming that he has surrounded himself with some very affluent advisers. White House ethics officials said the legally required disclosure documents provided a snapshot of […]
Trump To Tackle American Trade Deficit
President Donald Trump is expected to sign two executive orders on Friday, which aim to fulfill key campaign promises to make trade more fair. The first commissions a report on trade practices that contribute to the trade deficit, while the second seeks better collection of anti-dumping and countervailing duties. The report, spearheaded by the Commerce […]
Social Security Needs To Be Fixed Not Left Alone
Despite proposing major spending cuts to most domestic agencies, President Trump’s “skinny budget” spares the Social Security Administration. Thankfully, the president is living up to his campaign pledge to protect the program that serves 61 million Americans. Yet, without any action by Congress to reform the system, benefits will be cut anyway, by at least […]
Automation Pushing America To Universal Basic Income For It’s Citizens
Is a guaranteed paycheck from the government, with no strings attached, the answer to the relentless rise of automation? The concept might sound far-fetched, but a so-called universal basic income (UBI), is currently one of the most hotly debated policy topics being floated as a means to address income inequality and the disruption that technology […]
Trump Approvals Rating Hits New Low
President Trump’s approval rating has hit a new low in the latest Gallup poll. Gallup released a survey Monday that showed Mr. Trump’s approval ranking fell to 36 percent during the three-day period that coincided with the GOP’s health care debacle — putting him 2 percentage points below President Barack Obama’s all-time low and a […]
White House Denies Giving Merkel A Bill For NATO
President Donald Trumpreportedly handed German Chancellor Angela Merkel a bill for around £300 billion ($374 billion) for the money her country “owed” Nato for defending it, a report said on Sunday, a claim that was flatly rejected by the White House. The Times, a U.K.-based publication, cited unnamed sources that claimed Trump handed Merkel a […]
GOP Pulls Health Care Bill
Republicans abruptly pulled their health care bill from the House floor on Friday, just minutes ahead of a planned vote, dealing a devastating blow to efforts by President Donald Trump and the GOP to repeal and replace Obamacare. Shortly after the bill was yanked, House Speaker Paul Ryan addressed reporters, saying, “This is a disappointing […]