Apple CEO Tim Cook announced this week that the company would repatriate $252 billion, give or take a few billion, then create some American jobs and invest in America – for a change. This is a result of the massive tax cut Congressional Republicans awarded corporations like Apple that were hoarding trillions in profits overseas. […]
To Trump’s long list of broken promises and guarantees during his first 100 days, the Late Night host adds his recent backpedaling on the construction of the vaunted border wall. But if fans like Rush Limbaugh are disappointed, they can take comfort in one vow he may fulfill: to cut taxes for corporations, adding some big special tax benefits for the wealthiest Americans, such as the abolition of the alternative minimum and estate taxes.
While the proposed tax cuts would please those helped by them, such as multinational corporations and wealthy taxpayers, Trump’s package fell far short of the kind of comprehensive tax reform that both parties in Washington have sought for years.
As his milestone 100th day in office on Saturday nears, Trump has been scrambling to show progress on his agenda. The Trump tax plan, though meager in detail, matched up closely with the promises he made during his victorious 2016 election campaign.
This Trump impersonator isn’t Alec Baldwin but comic Anthony Atamanuik — and he has a lot to say about Mexico, fake news, and the president’s self-serving scheme to cut the corporate tax rate by more than half.
The new rate, which was announced without a target date, compares with Osborne’s previous target to cut corporation tax to 17 percent by 2020 from 20 percent now. It compares with an average of 25 percent among most developed economies.