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Law Legislation

  • WASHINGTON— President Donald Trump on Monday promised a tax overhaul by Christmas, a day after the White House signaled its willingness to strike a health care provision from Senate tax legislation if it's an impediment to passing the tax bill. Susan Collins of Maine, whose vote the White House needs. Senators would have to find the money elsewhere to meet the...

  • WASHINGTON— Two of President Donald Trump's leading economic advisers sent mixed signals Sunday on the fate of a health care provision in the Senate version of a $1.5 trillion measure to overhaul business and personal income taxes that is expected to be voted on after Thanksgiving. Bob Corker of Tennessee, John McCain and Jeff Flake of Arizona, and Rand Paul of...

  • The Nebraska Republican, who addressed an evangelical conservative group Saturday night, told reporters after his speech that he likes the tax bill moving in the Senate. GOP leaders in Congress and around the country have suggested a tax cut bill could boost enthusiasm for Republicans when they campaign in 2018 to retain their control of Capitol Hill.

  • FLAGSTAFF, Ariz.— Unions that represent Navajo workers in New Mexico say tribal members are being passed over for jobs at a power plant on the reservation in violation of Navajo labor laws. In an area where unemployment hovers around 50 percent and jobs are scarce, they say the law is vital for protecting Navajo workers. "If we do get the first priority or they go by the...

  • WASHINGTON— The White House has sent Congress a $44 billion disaster aid request that's already under attack from lawmakers from hurricane-hit regions as way too small. The request issued Friday, President Donald Trump's third since hurricanes Harvey, Irma and Maria slammed the Gulf Coast and Caribbean, would bring the total appropriated for disaster...

  • WASHINGTON— The ultra-wealthy, especially those with dynastic businesses— like President Donald Trump and his family— do very well under a major Republican tax bill moving in the Senate, as they do under legislation passed this week by the House. Tax rates on their sales would be reduced under the Senate bill. And an estimated 13 million Americans could lose...

  • Senate staffers must make their bill comply with procedural rules allowing it to be approved by a simple majority of 51 votes. TUESDAY, NOV. 28: Senate reconvenes after a week-long holiday break. THURSDAY, NOV. 30: Possible, although far from certain, final Senate vote on tax bill.

  • TORONTO, Nov 17- Canada's biggest securities regulator on Friday adjourned a decision on whether Omega Securities Inc, which runs two alternative trading systems, must halt operations after its enforcement staff said it had failed to follow securities law. The enforcement arm of the Ontario Securities Commission has called for Omega, which runs the Omega and...

  • WASHINGTON— The ultra-wealthy, especially those with dynastic businesses— like President Donald Trump and his family— do very well under a major Republican tax bill moving in the Senate, as they do under legislation passed this week by the House. Tax rates on their sales would be reduced under the Senate bill. And an estimated 13 million Americans could lose...

  • *Wall St off, weighed by tax uncertainty ahead of Thanksgiving. NEW YORK, Nov 17- The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump's Republican party would succeed in its efforts at overhauling U.S. tax law. But the celebration was short-lived as the focus...

  • The White House says the plan's corporate tax cut alone would eventually raise average household incomes by $4,000 a year. The tax plan's "trickle-down" approach was popularized in the 1980 s during the Reagan administration, though it dates back at least to a 1932 wisecrack by Will Rogers. The Republicans' latest version of the approach edged closer to the...

  • LONDON, Nov 17- Gold rose on Friday as the dollar softened on uncertainty about the progress of what would be the biggest overhaul of U.S. taxes since the 1980 s. The U.S. House of Representatives approved on Thursday a package of tax cuts, while a Senate panel advanced its version of the legislation that has President Donald Trump's backing. "They're pricing out...

  • BERLIN— Germany's foreign ministry says it will press Kuwait about a law that prevented its national airline from transporting an Israeli citizen on a flight originating in Frankfurt. Deputy foreign minister Michael Roth told Die Welt newspaper Friday that Germany's ambassador has been asked to raise the issue with Kuwaiti authorities.

  • The chairman of the Council of Economic Advisers says he met yesterday with a senator who opposes the senate's tax overhaul plan. Kevin Hassett tells reporters at the White House Friday that he met Thursday with Wisconsin Sen. Ron Johnson, who opposes the Senate bill that would slash the corporate tax rate and reduce personal income tax rates for many.

  • SHANGHAI/ BEIJING, Nov 17- China Huishan Dairy Holdings Co Ltd, struggling under billions of dollars worth of debt, is preparing for provisional liquidation in a legal escalation of one of the most spectacular collapses of a Hong Kong- listed firm in recent years. The move comes as creditors in China and offshore jostle for position to get their money back from the...

  • SHANGHAI/ BEIJING, Nov 17- China Huishan Dairy Holdings Co Ltd, struggling under billions of dollars worth of debt, is preparing for provisional liquidation in a legal escalation of one of the most spectacular collapses of a Hong Kong- listed firm in recent years. The move comes as creditors in China and offshore jostle for position to get their money back from the...

  • SHANGHAI/ BEIJING, Nov 17- China Huishan Dairy Holdings Co Ltd is preparing for provisional liquidation in a legal escalation of one of the most spectacular collapses by a one-time darling of the Hong Kong market. The biggest of these include Bank of China Ltd, which has submitted claims for 4.36 billion yuan, along with China Minsheng Banking Corp Ltd and...

  • Thorny problems await in the Senate, though. But in the Senate, a similar measure received a politically awkward verdict from nonpartisan congressional analysts showing it would eventually produce higher taxes for low- and middle-income earners but deliver deep reductions for those better off. The Senate bill was approved late Thursday by the Finance...

  • *Japan Fair Trade Commission suspects site broke antitrust rules. TOKYO, Nov 17- Japanese fair trade regulators raided last month the offices of Airbnb Inc over suspected violations of antitrust laws, the home rental site said on Friday, denying any wrongdoing. "All hosts and partners in Japan who list properties on Airbnb are able to list them on other platforms,...

  • WASHINGTON, Nov 16- Congressional Republicans took important steps on Thursday toward the biggest U.S. tax-code overhaul since the 1980 s, with the House of Representatives approving a broad package of tax cuts, and a Senate panel advancing its own version of the legislation sought by senior lawmakers and President Donald Trump. The House vote shifted the tax...