How GOP tax plans are playing on Wall Street
Investors are switching to sectors with higher effective tax rates, like retail, and exiting low-tax sectors, like tech
Investors are switching to sectors with higher effective tax rates, like retail, and exiting low-tax sectors, like tech
President Trump met with U.S. business owners in the White House Tuesday, trying to demonstrate how tax reform will help small businesses. The administration is making a final push to reconcile the House and Senate tax reform bills before Christmas. Watch Mr. Trump’s remarks.
The president's discussion with business owners and families at the White House revolved around the GOP-led tax bill
The House tax bill would end the $7,500 federal incentive for the Leaf, which the company now makes in Tennessee
The president takes credit for rising growth and stock prices, but their uptrends depend on forces beyond his control
After a late-night vote Friday, the House voted to send its version of the tax reform bill to conference Monday. It was a close call, as the Freedom Caucus threatened to kill the vote. Politico reporter Colin Wilhelm joins CBSN to discuss what's coming in the ongoing tax debate.
House and Senate Republicans have both passed their own tax reform bills. Now they're hoping to reconcile differences between them in about a week. CBS News chief congressional correspondent Nancy Cordes joins CBSN to explain what's in the bills.
CBS News business analyst Jill Schlesinger joins CBSN to discuss how the Senate's tax overhaul bill will affect the average American.
A closer look at the GOP tax plans; rescue center in Indiana cares for big cats
The Senate majority leader isn’t spooked by nonpartisan analysis that the tax plan could grow federal deficits by over a trillion dollars
President Trump spoke out on Monday morning after his former National Security Adviser Michael Flynn pleaded guilty to lying to the FBI on Friday. The president said he feels "badly" for Flynn, and insisted Flynn received unfairly harsh treatment compared to Hillary Clinton. McClatchy White House correspondent Anita Kumar joins CBSN with more.
A survey of business economists finds scant growth from lower taxes but potential harm from a trade deal rewrite
House and Senate Republicans are racing to combine their separate tax reform bills. GOP lawmakers go to a conference committee today to sort out the differences in the two plans. Republicans want a finished bill on President Trump's desk by Christmas. Nancy Cordes reports.
Two strategies for what to do in December 2017 will come into play if the tax proposals become law
"There's a lot of stuff in here that I don't think ... anybody knows what it's all about," Sen. Angus King said of the tax bill the Senate passed early Saturday
Julie Pace, Ramesh Ponnuru, Ron Brownstein and Ezra Klein discuss the political impact tax reform legislation could have on the Republican Party and what Flynn's plea deal means for Special Counsel Robert Mueller's investigation.
"You can't craft any bill that would guarantee no one was in a special category that might get a tax increase," Senate Majority Leader Mitch McConnell said Sunday
Director of the White House Office of Budget and Management Mick Mulvaney discusses the goals of Congress' tax reform bills and the threat of another government shutdown.
Senator Angus King, I-Maine, discusses the passage of the Senate tax reform bill and the progress made so far in the Senate Intelligence Committee's Russia investigation with "Face the Nation" moderator John Dickerson.
"If something small happens in conference that gets us across the finish line, we'll look at it on a case-by-case basis," OMB Director Mick Mulvaney said Sunday
Senate Republicans are working to get their tax plan passed by the end of the night Friday. CBS News chief congressional correspondent Nancy Cordes joins CBSN from Capitol Hill to discuss the progress.
Join “Face the Nation” for news on the latest developments in the investigations into Trump campaign ties to Russia, Republicans’ push for tax reform and more
The Senate will vote on the GOP tax bill Friday, after debating the plan throughout the night. CBS New congressional correspondent Nancy Cordes reports from Capitol Hill.
President Trump's retweeting of inflammatory, anti-Muslim messages from a far-right British group drew rare criticism from British Prime Minister Theresa May, who called the group a "hateful organization." CBS News chief White House correspondent Major Garrett joins CBSN to break down the potential impact of the rift.
A range of businesses -- consultants, shopkeepers, startups, law firms and more -- might benefit
Sen. JD Vance formally accepted the vice-presidential nomination at the third night of the Republican National Convention.
President Biden said, "I feel good," after the White House announced he had tested positive for COVID-19 and was experiencing mild symptoms.
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
Vice President Kamala Harris said Vance "participated in blocking protections for IVF" and has indicated he backs a national abortion ban.
CBS News is fact checking statements made by GOP speakers on the third night of the 2024 RNC. Vice presidential nominee JD Vance is slated to address the RNC.
A tree, located between the Trump rally shooter and the sniper team closest to him, may have impaired the team's line of sight, according to a CBS News analysis.
Airline officials say they are aware of a series of incidents where cans have ruptured, resulting in an onboard mess and reports of about 20 injuries to employees so far this summer.
Kai Trump, Donald Trump Jr.'s daughter, and Donald Trump's eldest grandchild, spoke Wednesday night at the Republican National Convention.
Millions of Americans absorbed a dizzying political news cycle this past weekend, a series of extraordinary headlines for an already divided electorate.
Usha Vance introduced husband JD Vance at the RNC, telling the delegates that when she met him at Yale Law School, his "idea of a good time was playing with puppies and watching the movie 'Babe.'"
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
Vice President Kamala Harris said Vance "participated in blocking protections for IVF" and has indicated he backs a national abortion ban.
Ohio Sen. JD Vance delivered a speech on the third night of the Republican National Convention and accepted the party's nomination for vice president.
CBS News is fact checking statements made by GOP speakers on the third night of the 2024 RNC. Vice presidential nominee JD Vance is slated to address the RNC.
The popular cooler bags are back in stock at Trader Joe's stores today. Some locations are setting purchasing limits.
Nearly 7,000 pounds of hot dogs were produced and distributed without being inspected, federal government says.
Baby formula maker Reckitt said tornado damage to an Indiana warehouse could affect supplies of its nutrition products.
The dinosaur fossil of a Stegosaurus nicknamed Apex fetched 10 times its estimate at a Sotheby's auction on Wednesday.
JD Vance's 2016 memoir "Hillbilly Elegy" is getting a sales bump after the Ohio senator was picked to run alongside former President Donald Trump.
The Biden campaign sees no substantial change in the president's prospects of securing the Democratic nomination and eventually resuscitating his campaign after another day of rough headlines, sources say.
Usha Vance introduced husband JD Vance at the RNC, telling the delegates that when she met him at Yale Law School, his "idea of a good time was playing with puppies and watching the movie 'Babe.'"
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
Sen. JD Vance formally accepted the vice-presidential nomination at the third night of the Republican National Convention.
Vice President Kamala Harris said Vance "participated in blocking protections for IVF" and has indicated he backs a national abortion ban.
For years, Tennessee has required anyone convicted of prostitution while HIV-positive to register as a sex offender for life. To settle DOJ and ACLU discrimination suits, the state has agreed to reverse course.
Nearly 7,000 pounds of hot dogs were produced and distributed without being inspected, federal government says.
At least 36 have been hospitalized after eating the mushroom "edibles."
A workout that mindlessly tones your arms while getting some cardio in? If it sounds too good to be true, that's because it may be. Here's what experts say.
Growing share of Americans say they have skipped medical care or getting prescription drugs because of the cost.
NASA says the Deorbit Vehicle will drive the lab to a controlled re-entry and breakup in 2030 to close out three decades of operation.
The remains of a medieval palace that may have housed the early peoples between the 9th and 13 centuries was uncovered in Rome.
Jack Black said he has put all future creative plans on hold after Tenacious D bandmate Kyle Gass made a controversial comment about the Trump rally shooting.
Residents of a Toronto suburb tell CBS News they're worried a U.S. company may be emitting a cancer-causing gas in their community.
Britain's King Charles III donned a ceremonial crown and robe to give a speech opening the U.K.'s first left-leaning parliament in 14 years.
Nominations for the 76th annual Emmy Awards were announced Wednesday, with "Shōgun," "The Bear," "Hacks," "Only Murders in the Building" and "Baby Reindeer" all earning multiple major nods. See the full list of nominees for the 2024 ceremony here.
The armorer on Alec Baldwin movie "Rust" filed to have her involuntary manslaughter conviction overturned, days after Baldwin's trial over a fatal on-set shooting collapsed due to withheld evidence.
Rain already falls on Venus, but it took more than 14 minutes for Missy Elliott's The Rain (Supa Dupa Fly)" to reach the planet.
After many people criticized Andress' rendition of the National Anthem online, comparing her with Fergie, the singer says she's going to rehab.
Season 26 of the CBS reality TV show "Big Brother" premieres on Wednesday. Sixteen new house guests will compete and strategize to evict one of their own each week to try and be the last person standing. The prize is $750,000. "Entertainment Tonight" host Nischelle Turner visited the house and even entered a one-day competition.
NASA says the Deorbit Vehicle will drive the lab to a controlled re-entry and breakup in 2030 to close out three decades of operation.
Tech mogul Elon Musk said Tuesday afternoon that he would be moving the headquarters of both his social media company X and SpaceX to Texas in response to a new California law signed by Gov. Gavin Newsom.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Apple users can now download an early version of a new iPhone operating system that will be officially released this fall.
AT&T on Friday disclosed that hackers had accessed records of calls and texts of "nearly all" its cellular customers for a six-month period between May 1, 2022, and Oct. 31, 2022. Jo Ling Kent reports.
The melting of glaciers and polar ice sheets causes water to move closer to the equator, fattening the planet and slowing its rotation, according to a recent study.
Spade-toothed whales are the world's rarest, with no live sightings ever recorded. Until, perhaps, now. One may have washed up onto a New Zealand beach.
Symptoms among the new bird flu cases included "fever, chills, coughing and sore throat/runny nose," alongside pink eye and eye tearing, a CDC spokesperson confirmed Monday.
The image released Friday depicts two merging galaxies, nicknamed "the Penguin and the Egg," that are about 100,000 light years apart, a surprisingly close distance in astronomical terms.
The 2024 Atlantic hurricane season got off to a deadly start as Hurricane Beryl tore across the Caribbean, Mexico and eventually the U.S.
For years, Tennessee has required anyone convicted of prostitution while HIV-positive to register as a sex offender for life. To settle DOJ and ACLU discrimination suits, the state has agreed to reverse course.
The six people who were found dead this week in a Thailand hotel room are believed to have been poisoned, officials say. Investigators say they found cyanide in the cups of the victims, who have been identified as two Vietnamese-Americans and four Vietnamese nationals. CBS News correspondent Ian Lee has more.
Nearly 17 pounds total of fentanyl, heroin and cocaine were found in the car. More than 1,610 pounds of illegal drugs were seized in the region last week, according to Customs and Border Protection.
A young gas station operator in Wisconsin was stabbed to death on June 12. Authorities have never named a suspect in the murder until now.
President Santiago Peña said the record discovery, code-named "Operation Sweetness," added to a string of "very sad episodes" in Paraguay.
NASA says the Deorbit Vehicle will drive the lab to a controlled re-entry and breakup in 2030 to close out three decades of operation.
Rain already falls on Venus, but it took more than 14 minutes for Missy Elliott's The Rain (Supa Dupa Fly)" to reach the planet.
It has been two years since NASA's James Webb telescope gave us a stunning first look at the depth of our universe. To commemorate the achievement, NASA has released new images showing two distant galaxies interacting with each other. Jane Rigby, astrophysicist and a senior project scientist for the Webb telescope at NASA, joins CBS News to discuss.
The image released Friday depicts two merging galaxies, nicknamed "the Penguin and the Egg," that are about 100,000 light years apart, a surprisingly close distance in astronomical terms.
SpaceX's Falcon 9 rocket suffered a catastrophic engine failure as it launched a batch of Starlink satellites into orbit Thursday night, the first time in nearly a decade the rocket has failed. CBS News space consultant Bill Harwood has more on that and the latest images from the James Webb Space Telescope.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
The actor, recipient of a lifetime achievement Academy Award, was renowned for such films as "MASH," "Klute," "Don't Look Now," "Ordinary People," and "The Hunger Games."
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
In his 2024 Republican National Convention speech on Wednesday, Ohio Sen. JD Vance reflected on his difficult upbringing in a small Ohio town, enlisting in the U.S. Marine Corps. after high school, and marking his mother's 10 years of sobriety. He also spoke about inflation, American jobs and more. Watch his full remarks.
Former President Donald Trump's 17-year-old granddaughter Kai, the daughter of Donald Trump Jr. and his ex-wife Vanessa Trump, spoke Wednesday night at the Republican National Convention. "The media makes my grandpa seem like a different person," she said.
Donald Trump Jr. mourned the Trump rally shooting victim, Corey Comperatore, during his 2024 Republican National Convention speech and reflected on the attempted assassination of his father. He has "the heart of a lion," Trump Jr. said. Watch his full remarks.
Arkansas Gov. Sarah Huckabee Sanders spoke on the second night of the 2024 Republican National Convention, recalling memories from her time as White House press secretary during the Trump administration. Sanders sat down with "CBS Evening News" anchor and managing editor Norah O'Donnell on the third night of the RNC to reflect on her speech.
There is growing pressure on President Biden to withdraw from the 2024 race, with warnings coming from top Democrats. "CBS Evening News" anchor and managing editor Norah O'Donnell leads special coverage from the Republican National Convention in Milwaukee.