Looks likes corporate America is trying to sway public opinion on the unpopular tax bill—or at least gain favor with the president.
Donald Trump has touted the legislation as benefiting the middle class, even though a majority of Americans say it will help the wealthy. In the run-up to the bill’s passage, U.S. chief executives had made few specific promises about using savings from a big reduction in the corporate tax rate to create jobs or invest in the country. That changed on Wednesday.
First, the London interbank offered rate (commonly known as Libor) is going up. And second, the dollar’s been going down. Until mid-October, the…
Keeping up with the latest digital innovations has replaced economic conditions and regulatory changes as the biggest concern for global executives this year.
Businesses want Congress to repeal the Cadillac tax, but the price tag may be too steep.
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