Board President Toni Preckwinkle at Center of Budget and Soda Tax Debates A battle has been brewing in Illinois over the Cook County sweetened beverage tax, commonly known as the soda tax. The delay of the planned tax has led to Cook County layoffs as the local government struggles to balance its budget.
Study Shows that Businesses More Focused on Amazon Effect than Trump Effect In a recent survey, Amazon.com, Inc. (NASDAQ:AMZN) was cited more than President Donald Trump as a source of anxiety for businesses. The study, carried out by financial research platform Sentieo Inc. for MarketWatch, shows that the “Amazon effect” is more of a concern to businesses than the (more…)
AnMed Health announced on Wednesday that as many as 94 full-time and part-time workers were laid off, with another 65 vacant positions being eliminated. The AnMed layoffs represent what experts believe will be a growing trend as political uncertainty regarding healthcare policy in the U.S. will likely lead to more healthcare layoffs.
U.S. Inequality Has an Effect on Election Campaign Financing In another revelation concerning U.S. inequality, the Paradise Papers have revealed that seven Republican super-donors contributed as much as $350.0 million to federal and state election campaigns in 2016. Meanwhile, the combined net worth of these these billionaires is estimated at $142.0 billion, much of which is held (more…)
H-1B Visa Government Inaction Is Hurting the Economy Among the many election promises that Donald Trump offered up on the campaign trail was that he would overhaul the H-1B visa program that allows for the importation of highly-skilled workers. Now that Trump is president, legislative inaction and bureaucratic red tape have put the program in limbo, hurting (more…)
George H.W. Bush and George W. Bush Didn’t vote for Republican Donald Trump It has been almost a year since the U.S. presidential election, and it looks like the Republican Party might be imploding. A new book, The Last Republicans, reveals that George Bush Sr. (George H.W. Bush) voted for Hillary Clinton, and that he thinks (more…)
President Donald Trump’s daily and monthly job approval rating continues to stagnate. On a daily basis, Trump’s approval rating is at 43%; longer term, the president’s monthly approval rating for October stands at 43%, unchanged from September. A full 55% of American voters disapprove of Trump’s job performance, the same as the month before.
Puerto Rico Suffers Political Turmoil Following Hurricane Puerto Rico is still largely without power as the latest deal to help repair the island’s infrastructure was voided after it came to light that a small company with only two permanent employees was granted a $300.0-million contract. The company is based in the hometown of U.S. Secretary of (more…)
Republican Tax Plan Rollout Could Face a Snag The Donald Trump administration’s tax plan rollout went through another iteration today, as reports detail a potential gradual phase-in of the corporate tax rate change that is being proposed by the White House. If the corporate tax rate does, in fact, end up being put into a (more…)
President Donald Trump’s approval ratings continue to slide and are becoming so low that it’s getting historic. According to a poll conducted by NBC and The Wall Street Journal, only 38% of Americans approve of the job Trump is doing as president. Meanwhile, a whopping 58% disapprove.