Tax Cuts

National Economic Council (NEC) director Lael Brainard appeared on CNBC Friday morning, touting President Joe Biden‘s economic plan amid budget concerns and new job data. Nonfarm Payroll Data: The Bureau of Labor Statistics reported nonfarm payrolls had increased by 272,000 in May, far above...

Sen. Elizabeth Warren went on the offense attacking Donald Trump for his record while serving as president of the U.S. after winning the 2016 election. What Happened: In a tight race between Trump and President Joe Biden in the 2024 presidential election, both candidates are reminding voters of...

President Joe Biden is taking a strong stance against his predecessor’s tax policies, vowing to prevent a repeat if re-elected. What Happened: On Thursday, Biden criticized former President Donald Trump‘s tax cuts, which he claims primarily benefited the wealthy and major corporations....

As the U.S. Congress grapples with a deadlock battle over government spending that could soon lead to a government shutdown, the country is also suffering the highest peak in government debt of its history. While the most conservative side of Republican lawmakers are arguing for spending cuts to...

Truck drivers hauling for their own business received a lift in 2018 from President Donald Trump's Tax Cuts and Jobs Act, according to analysis from tax consultancy ATBS. That assessment, however, which was based on preliminary data compiled from over 3,000 tax returns by the Lakewood, Colorado-...

Gary Cohn's tenure as director of President Donald Trump's National Economic Council came to an abrupt end in March. Speaking to CNBC's Bob Pisani Tuesday, Cohn reflected on his biggest "regret" and opined on trade wars. What Happened Cohn's biggest...

Each day, Benzinga will take a look back at a notable market-related moment that happened on this date. What Happened? On this day 32 years ago, the House of Representatives approved the Tax Reform Act of 1986. Where Was The Market? The S&P 500 closed the day at 209.81 and the Dow Jones...

President Donald Trump's proposed tax plan continues to inch closer to passing, which has many corporate CEOs excited about the positive impacts a tax reduction would have on their business and the overall economy. What You Need To Know Tax reform is not only needed at the corporate level,...

President Donald Trump's proposed tax reform appears to be more likely to succeed than not, which has many investors wondering how best to readjust their portfolio. Baird's David Tarantino took a deep dive into the restaurant sector, where there are a handful of potential winners from both...

Billionaire investor Warren Buffett thinks President Donald Trump's administration will succeed in passing a tax cut this year, and many business and investors are already positioning themselves to act accordingly. If there are significant changes to the tax code that would reduce tax rates on...

Wednesday's market sell-off was merely a "mini-correction" and should be considered a buying opportunity, at least according to Terry Simpson, a multi-asset investment strategist at the BlackRock Investment Institute. Speaking as a guest on CNBC's "Trading Nation" Wednesday, Simpson isn't worried...

President Donald Trump's proposal to slash the corporate tax rate from 30 percent to 15 percent won't be as beneficial to Americans as many assume it will be, at least according to CNBC's Jim Cramer. Cramer noted that many companies are "flush with cash" and will most likely...

"Dow 20K" has come and gone, and the index is one strong day away from hitting the 21,000 mark. But this doesn't mean it is clear sailing ahead. The opposite may be true. According to a Bloomberg report, there are plenty of signs behind the scenes that there has been a shift in investor sentiment...

The Bank of Japan boosted its growth forecast for 2017 and President-elect Donald Trump deserves much of the credit, at least according to Bloomberg's editorial board. The Bank of Japan said earlier this week that it now expects its real gross domestic product to rise 1.5 percent in the next fiscal...