Tax Overhaul in Trouble as Opposition to Import Tax Grows
A key part of House Republicans' plan to overhaul the way corporations pay taxes is on life support, leaving lawmakers scrambling to save one of President Donald Trump's biggest priorities and increasing the chances the GOP will simply pass a tax cut instead of overhauling the tax code.
Hensarling: Choice Act Doesn't Give Big Banks a Pass
When Democrats passed the Dodd-Frank Act in the wake of the financial crisis, they promised it would lift the economy, make our financial system more secure and end bailouts. None of this has come to pass. Americans have suffered through the weakest recovery since World War II. The big banks have gotten even bigger, the small banks have become fewer, and our markets have become more fragile - all increasing risk to our financial system.
Beer Industry's Bill on Hold Until Bigger Pieces Are Moved
The beer industry, from the smallest craft brewers to the giant Anheuser-Bush InBev, is behind a long-awaited rewrite of the federal tax code on beer. More than half the members of the U.S. House have signed on as co-sponsors of a bipartisan bill to do that, and nearly half the U.S. Senate has put its name on that body's version. So why hasn't it happened? Like many other pieces of legislation in Washington during the first five months of Donald Trump's presidency, a few big pieces have to move first before anything like the beer bill can follow.
As Legal Pot Aims for Retail Stores, Stoned Driving Presents a Challenge
One lesson is that a blood alcohol-style limit for drivers probably doesn't work. Other states, including Washington, established a DUI limit of "5 ng/ml or more of delta 9-tetrahydrocannabinol" in a suspect's bloodstream. The problem is that this limit does not necessarily correlate to being high. Marijuana users could, for example, have smoked two days ago and still show a 5 ng/ml reading, experts say.
Legal Pot and Car Crashes - Yes, There's a Link
Does driving while high have any impact on auto accident rates? Legalized recreational marijuana use in Colorado, Oregon and Washington correlates to about a 3 percent increase in auto collision claim frequencies compared to states without such legislation, according to a new Highway Loss Data Institute (HLDI) study. It's the first one the group has conducted since the drug went on sale legally.
Durbin Repeal Effort Could Be Complicated by Nuanced Position of Some Small Banks
In the wake of a failed effort to repeal the Durbin Amendment this spring, many banks, networks, lobbying groups, and other repeal advocates are vowing to try again, as are the Congressmen who pushed the original repeal effort. But that doesn't mean smaller banks, at least, are totally united behind that cause.
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