GOP tax plan would cut rates and curb deductions
House Republicans unveiled a sweeping tax reform bill seeking a 20 percent corporate rate, broad individual rate cuts, and major deduction eliminations. The plan totals about 1 trillion in business cuts and 300 billion for households with 200 billion benefiting the wealthy, while pledging no changes to 401(k) rules or the ACA repeal.
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Winners and Losers in Republicans Tax Plan
The Tax Cuts and Jobs Act redraws benefits by favoring big corporations with a 20 percent top rate and a low repatriation tax, while eliminating AMT and estate tax. High earners may pay 39.6 percent on 30 percent of business income for some owners, but working poor lose out with no extra relief. Charities fear reduced deductions as itemizing falls.
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Trump wavers on Saipov case amid talk of Gitmo trial
President Trump drifted from advocating Gitmo to backing a New York federal trial for Sayfullo Saipov, the NYC rental-truck attacker who killed eight and injured 12. Prosecutors have not yet said if they will seek the death penalty. the DOJ remains silent on the remarks.
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Twitter says Trump account deactivated by error restored
Twitter says realdonaldtrump was inadvertently deactivated by a human error and went down for 11 minutes before restoration. The company says it is investigating and taking steps to prevent a recurrence. Reuters
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Plan to let churches enter political fray in tax code reform
Republicans unveil a tax plan that would remove the Johnson Amendment ban on religious groups using church resources to influence elections. The change would apply to all non profits including Christian Muslim and Jewish houses of worship, though evangelical Christians have pressed for it most. Critics say it protects the church state separation while supporters argue it allows political pressure on churches.
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Republican tax bill cuts wind credits, leaves solar mostly intact
The proposed bill trims wind power tax credits, risking about $50 billion in planned investment, while solar credits remain largely unchanged. EV credits would be cut by $7,500, prompting criticism from wind advocates and uncertainty for investors relying on 2015 policy stability.
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Cole case to proceed after lawyers quit amid Guantanamo hearings
U S District Judge Royce Lamberth refused to halt hearings as three civilian lawyers for Abd al Rahim al Nashiri quit citing ethical conflicts. Brig Gen John Baker faces confinement for refusing civilian counsel. The case advances toward a video feed hearing in Alexandria for al Nashiri’s war crimes matter.
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