During the 2016 campaign, Donald Trump promised tax cuts. Today, he unveiled them. Yet regardless of those cuts, the IRS still must generate the same amount of revenues in order to avoid a deficit. So, instead of seeing tax cuts, we’ll see tax reform. Once the Danse Macabre music stops playing and everyone has claimed […]
Between conflicts with taxi drivers, a sexual harassment investigation and a lawsuit filed by Google over the use of robocar technology that may already be patented, this has been a tough year for ride-sharing company Uber. Ongoing negative press has hurt Uber, and its financial position is not improving. The company lost $645 million between […]
For good reason, many retirees and pre-retirees are worried their Social Security benefits will be cut. Nearly two-thirds of American seniors rely on the program as their primary source of income, according to the Social Security Administration, and 10,000 more Boomers are retiring every day. The situation only seems more dire when you consider the […]
If you are nearing retirement, but you feel as though you are not prepared enough, it is not too late to make changes. There are options to help ensure you are more prepared for retirement that do not require winning the lottery, inheriting a fortune or getting a substantial raise. These include working longer, planning […]
American consumers have hit a major milestone this summer: we now have the highest amount of revolving credit debt in U.S. history. As of June, Americans had $1.021 trillion in outstanding revolving credit, according to data from the Federal Reserve. That is nearly equivalent to the gross domestic product of Russia. Of the $1.021 trillion […]
President Trump’s recent spat with North Korea has not only messed with many Americans and their feelings of security, it has also had a measurable effect on our economy. When Trump speaks, the world pays attention. The outsized effects of his words, regardless of your opinion […]
After failing at their long-promised goal to repeal the taxes associated with ObamaCare, one has to wonder whether the Republican Party will succeed in implementing any tax reform at all. As William Gale of the Brookings Institution and Tax Policy Center told National Public Radio, “If Trump can’t line up support for healthcare, it’s going to […]
Would the House GOP’s Obamacare replacement have given you a bigger tax break? The short answer is no, but the devil is in the details. On Thursday, July 17, Trump’s American Health Care Act was pronounced dead late that evening. Not only is the original design of the bill flawed, it was destined to fail […]
Recently, major news outlets from CNN to Buzzfeed reported on Russian hackers suspected of using fake news on Qatar’s state news to create tension between the U.S. and its allies. This is not the only time the public has been duped by fake news reports, nor is it the only way we our attention is diverted from […]
Amazon is making a play for low-income shoppers by offering a nearly 50% discount for those on government assistance. Instead of paying $10.99 per month for Amazon Prime, customers with an Electronic Benefits Transfer (EBT) card will be able to enjoy Prime for only $5.99 per month. Is this a benevolent attempt to help those […]