Donald Trump reduced the corporate tax rate from 28% to 21% during his previous presidency and intends to further reduce it to 15% if elected again this year. Now, Trump proposes lowering the corporate tax rate to 15%, potentially cutting the US corporate tax rate by nearly half.In a wide-ranging interview on business and the … Read more
MILWAUKEE — Former president Donald Trump is trying to present a more worker-friendly vision of the Republican Party at this week’s convention, but he has continued to make clear in private that he views himself as the best choice for billionaires and big business, according to donors who have attended fundraising events.Even as Trump leans … Read more
Former President Donald Trump said he’d support cutting the corporate tax rate to 15% from its current level of 21%, a move Sen. JD Vance said he opposed two months ago before he became Trump’s running mate.That difference reflects the difficulties in reconciling their ideologies, giving corporate America a bit of whiplash. The Ohio Republican … Read more
The pick of Sen. J.D. Vance as former President Trump’s running mate is raising fears in corporate America that populist, anti-business Trumponomics will truly take hold in a second term in the White House.While Trump’s rhetoric in his first term advocated for working-class Americans, the Goldman Sachs alumni who held key positions in his administration … Read more
With market analysts increasingly pricing in the likelihood of a Donald Trump victory in the US presidential election in November, investors are eyeing three specific sectors expected to benefit from his administration’s policies. “A potential return to the White House brings with it expectations of a hawkish trade policy, less regulation, looser climate change regulations, … Read more
By Nathan Garden, The Charlotte Observer (TNS) It says a lot about our politics that very few of our leaders are talking about one of the most important issues. The small businesses that anchor our economy are about to face a devastating tax hike that will hurt workers and weaken communities. As the owner of … Read more
The S&P 500 hitting its 35th record high this year shows the market is well-prepared to handle any uncertainties that may arise from the US presidential campaign, according to the CEO of leading independent financial advisory and fintech. “Despite this remarkable performance, the looming uncertainty surrounding the US presidential campaign could lead to a market … Read more
NJBIA President and CEO Michele Siekerka provided the following testimony to the Assembly Budget Committee on Wednesday night regarding bill A-4704/S-3513, which calls for a Corporate Transit Tax of 2.5% on New Jersey businesses with net income of $10 million, retroactive to Jan. 1, 2024, despite Gov. Phil Murphy’s prior decision to sunset a 2.5% … Read more
Over the strong objections of NJBIA and other business groups, the Senate and Assembly budget committees advanced a $56.6 billion state budget supported by a $1 billion tax increase on the business community Wednesday night. This action sets the stage for final votes by both houses of the Legislature on Friday. Gov. Phil Murphy is … Read more
Debate beat: New Rules Helped Trump “Staged by CNN in an audience-free soundstage in which even competing reporters were banned, the Biden-Trump debate had more ground rules than an Ultimate Fighting match,” grumbles Politico’s Jack Shafer. In advance of the debate, “many assumed that these new rules would hurt Trump” given that “he feeds off live … Read more