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Wednesday, 19 December 21:58 (GMT -05:00)



Business And Politics News

President Trump Wants to Change U.S. Tax System


President Trump has announced his decision to start reforming the American tax system. To be more specific, the President believes that the entire system is outdated and inefficient since it doesn’t correspond to contemporary needs. That’s why it needs to be reformed.

 

 

 

 
President Trump is planning to advocate the idea deep structural reforms as well as serious tax cuts and tax deductions. It is interesting to note that he announced his decision after the Congress decline his bill designed to cancel Obamacare, which is a healthcare insurance system, which was introduced by Barack Obama. It’s also interesting to note that President Trump promised to address healthcare first and taxes second when he was a candidate running for president.
 
What is the connection between canceling Obamacare and tax reforms?
 
Since President Trump had to withdraw his bill, the tax reforms now seem to have become the next big deal for him and his administration when it comes to internal affairs. The thing is, President Trump expected to make up for those tax deductions at the expense of the money saved on canceling Obamacare. But since the bill has failed so far, it’s unclear where he is actually going to take the money for the federal budget to make up for the losses occurring as the result of the planned tax cuts and deductions. Otherwise, the budget deficit is doomed to grow even higher.
 

 

At the same time, the U.S. Secretary of the Treasury is convinced that it will be much easier for the Congress to approve the tax bill. He expects this approval to be made by August 2017. Since January 2017, he has been coordinating Trump’s administration in their effort to prepare those tax reforms. The corresponding bill is about to be ready for the Congress to consider and approve it.

 

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USA Strikes Iran Again

As you probably know, a couple of weeks ago, the United States imposed a new round of sanctions on Iran. International experts say that the package includes 700 new points, including an embargo on the import of crude oil from Iran. It's interesting to note that the sanctions will touch upon some other states as well. Some temporary exception are said to have been maid for 8 partners of the USA.
Publication date: 29 November 12:04 PM

Trump Offers Putin to Compete for Multi-Polar World, Eggert Says

According to Konstantin Eggert, a Russian journalist writing for Deutsche Welle, Donald Trump is offering his Vladimir Putin to compete for a multi-polar world, but on American terms. In particular, he highlights the fact that many international experts started panicking when finding out that the USA had withdrawn from the missile control treaty with Russia. They say that this is the end of the strategic partnership between the United States ans Russia and the disruption of the nuclear arms control system created decades ago.

Publication date: 29 November 11:07 AM

The world is on the verge of another global race

International experts are commenting on the events taking place over the last few years. In particular, President and CEO of Atlantic Council Frederik Kempe believes that we are nearing another race between the world's biggest superpowers.
Publication date: 07 November 09:02 AM

Trump Wants More Control Over the Fed Since It's Too Independent

Donald Trump seems to have confirmed his authoritarian style of governing the state. If he has his way, he would probably turn himself into a king instead of a president. What are the reasons to think this way about the American president?

Publication date: 31 October 11:46 AM

Google Introduces Home Hub for $149

Google Corporation has released a couple of new devices, including several smartphone and a display named Home Hub. For those of you who don't know, Home Hub was introduced a couple of days after Facebook launched its first gadget - a smart screen. This device is designed to consume audio and video content from certain resources. It support voice control and is adjusted to the user's location. So, what is so special about Google Home Hub?

Publication date: 31 October 10:16 AM

New Sanctions May Drop Russian GDP

International experts are convinced that the near-term prospects of the Russian economy depend heavily on whether the USA expand the anti-Russian sanctions. They say the worst-case scenario is a 2.5% GDP drop.
Publication date: 29 October 11:14 AM

Russian Stocks Go Down Along With American Indexes

 Not so long ago, Russian stocks started going down in value. International experts say that this downtrend was mostly caused by external reasons. In particular, Russia's bigest stock index showed the biggest bearish move since April 2018. Back then, the Russian stock market used to be rather volatile because of the anti-Russian sanctions imposed on Russia by the United States.


Publication date: 28 October 11:49 AM

Crude Oil Prices May Reach $100/b

Ever since the United States imposed new sanctions on Iran, other oil exporters have been trying to make up for the decline in the international oil supply. Some experts are now predicting a strong trend all the way up to $100 per barrel. 

Publication date: 25 September 11:51 AM

New Anti-Russian Sanctions Will Slow Russian Economy Down, Kudrin Says

The new package of anti-Russian sanctions is expected ot be imposed by the United States in November. Apparently, this is not expected to become a disaster ofr the Russian economy, but it still may slow down the economic growth in Russia as well as the the flow of foreign investments to the country. This is what ex-Finance Minister of Russia Alexey Kudrin thinks on the matter.

Publication date: 19 September 12:10 PM

Cryptomarket Quickly Recovered From the SEC's Decision

The global market of cryptocurrencies quickly recovered from the downtrend after the SEC decided to ban the creation of Bitcoin ETFs.

Publication date: 24 August 10:00 AM