Tax Cuts and Jobs Act Features Potential Oversight Several glaringaltic GOP tax bill mistakes will undo some of the proposed promises that the bill included, like lowering the corporate tax rate. The Republican tax bill was meant to lower taxes across the board for all Americans, as well as decrease the corporate tax rate from (more…)
End of the State and Local Tax Deduction to Have Negative Effects The state and local tax deduction (SALT) is on the chopping block following the passing of the 2017 Senate tax bill. The SALT deduction elimination will primarily impact the highest-tax states, which are typically Democrat-leaning. While SALT is typically claimed by higher-income individuals (more…)
Labor Organizations Oppose Maimonides Layoffs Maimonides Medical Center in Brooklyn is looking to cut as many as 200 employees, the hospital said in a statement. The Maimonides layoffs are another addition to the increasing difficulty that the healthcare industry in the U.S. is facing. The move was said to be a cost-cutting measure and amounts (more…)
Shifting healthcare costs and dwindling patient admissions are some of the main reasons that the University of Miami-owned 560-bed hospital in downtown Miami is struggling, with Miami hospital layoffs taking place since May. The hospital is situated across the street from the university’s medical school campus in downtown Miami. The facility, formerly known as Cedars (more…)
Immigration crackdown deprives Chicago bakery of a third of its workers following a clampdown in the area on 800 people without sufficient documentation.
Ajit Pai, chairman of the Federal Communications Commission (FCC), released a net neutrality repeal plan that seeks to change the way business is done over the Internet, creating potential free speech and equal access issues down the line. The move would be a response to former President Barack Obama’s net neutrality rules, which designated Internet (more…)
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…)