×

Top News & Analysis Indiana

  • *Plan faces uphill battle in bitterly divided Congress. WASHINGTON, Sept 27- President Donald Trump proposed on Wednesday the biggest U.S. tax overhaul in three decades, calling for tax cuts for most Americans, but prompting criticism that the plan favors business and the rich and could add trillions of dollars to the deficit. But it faces an uphill battle in the...

  • *Plan faces uphill battle in bitterly divided Congress. WASHINGTON, Sept 27- President Donald Trump proposed on Wednesday the biggest U.S. tax overhaul in three decades, calling for tax cuts for most Americans, but prompting criticism that the plan favors business and the rich and could add trillions of dollars to the deficit. But it faces an uphill battle in the...

  • INDIANAPOLIS, Sept 27- President Donald Trump said on Wednesday an unnamed foreign leader told him at the United Nations last week that the country would soon announce plans to build or expand five automobile industry factories in the United States. "I just left the United Nations last week and I was told by one of the most powerful leaders of the world that they...

  • *Plan faces uphill battle in bitterly divided Congress. The proposal, which the Republican president said was aimed at helping working people, creating jobs and making the tax code more simple and fair, faces an uphill battle in Congress with Trump's own party divided and Democrats hostile. Forged during months of talks among Trump's aides and top Republicans...

  • INDIANAPOLIS, Sept 27- President Donald Trump said on Wednesday a foreign leader told him at the United Nations last week that the country would soon announce plans to build or expand five automobile industry factories in the United States. "I just left the United Nations last week and I was told by one of the most powerful leaders of the world that they are going to...

  • NEW YORK, Sept 27- The dollar rose to a more than one-month high against a basket of currencies on Wednesday, as optimism about U.S. fiscal reforms boosted sentiment in favor of the greenback. "The dollar is rising because the market is hopeful for some positive comments in regards to progress on tax reform from President Trump," said Kathy Lien, managing director of...

  • President Donald Trump on Wednesday proposed the biggest tax overhaul in three decades- a plan that would slash rates on businesses and the wealthy- but it faces an uphill battle in Congress with his own party divided and Democrats hostile. It was forged during months of high-level talks among Trump's aides and top Republicans in Congress.

  • Hammered out over months of talks among Trump aides and top Republicans in Congress, the plan to be unveiled at an event in Indianapolis was expected to propose a 20 percent corporate income tax rate, a new 25 percent tax rate for pass-through businesses such as partnerships, and a reduced 35 percent top income tax rate for individual Americans.

  • The administration and Republicans in Congress are due to unveil a tax plan on Wednesday. The plan has been developed over several months by six White House and congressional Republicans working behind closed doors and with no input from Democrats. Republicans, who control the White House and both chambers of Congress have been unable to deliver a...

  • President Donald Trump speaks before a meeting with congressional leadership in the Oval Office at the White House in Washington, DC, on September 6, 2017.

    Trump has pushed for lower rates for corporations and so-called pass-through businesses.

  • As the administration and Republicans in Congress prepared to unveil a tax blueprint on Wednesday, Trump told a bipartisan group of lawmakers from the House of Representatives to expect a "very comprehensive" and "very, very powerful document." With the latest Republican push to overturn Obamacare sputtering in the Senate, Republicans are under mounting...

  • About 95 percent of American businesses are pass-throughs such as sole proprietorships, partnerships and S-corporations, according to the Brookings Institution, a Washington think tank. President Donald Trump is slated to travel to Indiana on Wednesday and unveil a tax "framework" that has been in the works for more than eight months, meant to move toward...

  • Senator John McCain said on Friday he opposes the latest Republican bill to dismantle Obamacare, dealing the measure what could be a fatal blow given the party's slim Senate majority. With several other Republicans still undecided on the measure, Senate Majority Leader Mitch McConnell said earlier this week he intended to bring it to the Senate floor for a...

  • Vice President Mike Pence

    The vice president goes back home Friday to make the case.

  • CSX Assistant Vice President Maryclare Kenney apologized to customers in the email dated Sept. 8. The Surface Transportation Board, the U.S. rail regulator, is due to host a hearing in Washington, D.C., over CSX's service on Oct. 11. The company emailed manufacturers about the Lordstown embargo on Sept. 8, two days after CSX executives said the railroad had made...

  • Customers will be able to air grievances when the Surface Transportation Board, the top U.S. rail regulator, hosts a hearing over CSX's service in Washington on Oct. 11. The company emailed manufacturers about the Lordstown embargo on Sept. 8, two days after top executives said the railroad had made great strides in fixing service problems that gripped its system...

  • SCOTTSDALE, Arizona, Sept 20- When Rick Smith launched his supercharged stun gun in 1999, his startup had produced two failed products, several years of losses and a load of debt. Smith himself took a half-second shock at a December 1999 demonstration in Los Angeles and dropped immediately, according to a log of the event. The weapon, he told police, had been...

  • Focusing on wind power, GM is looking to boost its renewable energy credentials.

  • Graduates from the Harvard Business School MBA program.

    It's getting harder for U.S. business schools to attract international candidates.

  • CHICAGO, Sept 15- Fans of BLT sandwiches, take heart: U.S. retail prices of bacon, which soared to record highs this summer, should begin to ease soon, according to livestock analysts. Wholesale prices of pork bellies surged to over $200 per hundredweight in July after starting the year at roughly $116, caused by stronger-than-expected consumer demand and tight...