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President Trump: "Big Announcement" Coming on Tax Reform

President Trump:

"There is a lot of good news when it comes to earnings and economic data and not only in the USA but overseas as well", said Karyn Cavanaugh, senior market strategist at Voya Financial.

"I think this concern is why Trump ordered a review-to delay actually doing something", he said.

President Donald Trump ordered his Treasury Department on Friday to review measures put in place by the Obama administration, setting the stage for a rollback of regulations that were meant to curtail corporate tax evasion and prevent another financial crisis.

The Trump administration is targeting some of financial regulations established by former President Barack Obama.

Aaron Hernandez Found With Bible Verse 'John 3:26' Written On Forehead
Prison officials say Hernandez did not leave a suicide note, and was not on suicide watch because he did not appear to be at risk. According to the statement , investigators said cardboard was jammed into the door in an attempt to "impede entry into the cell".

Then, minutes later, at the Treasury Department, during a signing of three executive orders, Trump issued another conflicting statement.

"We're going to determine whether we think they're needed in the tax code, or whether they're unnecessary and the tax burden and complexity is too much, and if we think it's too much, we will make a recommendation to the president".

Sen. Sherrod Brown, D-Ohio, assailed Trump for trying to undermine rules that were put in place to protect the economy: "Any actions to undermine these protections encourage Wall Street's risky behavior and leave taxpayers and our economy exposed to another catastrophe".

IG analyst Joshua Mahony said: "While we are no clearer on what this weekend's French election result will be, we at least received hints from Treasury Secretary Mnuchin that the tax reform plans are now "pretty close".

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It is an odd choice to push a game that will have an obvious storyline when the season begins all the way back to Week 8 . The Westgate Las Vegas SuperBook gives them 25-1 odds to win Super Bowl LII, tied for 11th-best in the NFL.

Mr Mnuchin said earlier on Thursday that Treasury is working on tax reform "day and night" and will soon create a sweeping overhaul. "We appreciate the administration's efforts to understand how financial regulations are working in practice and how to refine them to make them more supportive of economic growth".

The latest directive by the president calls on Mnuchin to complete a report within 180 days on whether an improved bankruptcy authority is a better alternative for failing financial companies.

House of Representatives Speaker Paul Ryan said this week that the country's first tax overhaul in decades may not be done until well into 2017. "The plan will pay for itself with growth". Mnuchin's staff has already met with more than a dozen focus groups to find areas for improvement, he said. He said he wanted banks to be able to lend without putting taxpayers at risk. He has said he wants a big tax cut for the middle class, though many politicians define "middle class" differently. The Trump administration hasn't yet said whether it supports the House's controversial border adjustment proposal to replace the 35 percent corporate rate with a 20 percent tax on domestic goods and imports, while exempting exports.

Ann Coulter vows to speak at Berkeley despite cancellation
In its letter, the university said the students and officials could work together to reschedule the event for a later date. Organizers of the event released their own statement Wednesday, expressing discontentment at the change in plans.



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