John Ydstie

John Ydstie appears in the following:

What We Know About The Trump, House GOP Tax Plans So Far

Tuesday, February 28, 2017

Sweeping tax cuts, for businesses and individuals, will be at or near the top of the list for both the White House and the Republican-controlled Congress. A tax on imports may also be on the table.

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Trump, GOP At Odds Over "Border Adjustment" Tax

Saturday, February 11, 2017

President Trump and House Republicans want to slash the corporate tax rate. But coming up with a plan may be hard because of disagreement over a "border adjustment tax."

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Trump Signs Executive Action To Roll Back Some Financial Regulations

Friday, February 03, 2017

President Trump signed an executive action that sets the stage for a dramatic rollback of regulations put into place following the financial crisis. The president also wants to halt an Obama administration rule that requires financial advisers to act in their clients best interest in retirement planning.

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Trump's Proposed Border Tax Would Negatively Affect U.S. Consumers

Friday, January 27, 2017

Donald Trump has said a border tax would be one way to make Mexico pay for the border wall. But that type of tax could negatively affect American consumers.

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Trump Vows 'Big Border Tax' For U.S. Manufacturers That Move Jobs Abroad

Wednesday, January 25, 2017

President Trump has suggested an import tax of up to 45 percent on goods made by U.S. firms overseas. But it's illegal to single out individual companies and it's unclear what form the tax would take.

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Senate Panel Peppers Treasury Secretary Designate Mnuchin With Questions

Friday, January 20, 2017

Steve Mnuchin ran into sharp criticism at his confirmation hearing on Thursday. Most of it had to do with his role as the CEO of a bank that critics say turned into a foreclosure machine.

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Trump Treasury Nominee Defends Role In Foreclosure Crisis

Thursday, January 19, 2017

Steven Mnuchin, Donald Trump's pick for treasury secretary, said the bank he ran did what it could to minimize foreclosures during the financial crisis. He also defended his use of offshore accounts for hedge fund clients, while acknowledging the need to close loopholes. Mnuchin also told lawmakers he thinks the Internal Revenue Service needs a bigger staff and better technology.

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Mnuchin Likely To Face Questions Over Role In Foreclosures

Thursday, January 19, 2017

Treasury secretary pick Steve Mnuchin is expected to face hard questions at his confirmation hearing. During the financial crisis, Mnuchin led a bank that foreclosed on thousands of homeowners.

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Trump Could Make Good On Tariff Threats, Thanks To Existing Laws

Saturday, January 07, 2017

Donald Trump turned to Twitter again to lambast big automakers into building more cars in the U.S. Experts say the president has wide-ranging powers to restrict trade.

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Trump Nominates Robert Lighthizer As U.S. Trade Representative

Tuesday, January 03, 2017

Donald Trump nominated Robert Lighthizer to be the U.S. trade representative. Lighthizer will be tasked with helping to implement an overhaul of U.S. trade policy that will feature tariff threats against a number of U.S. trading partners.

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European Banks Reach Multi-Billion Dollar Settlement Over Toxic Mortgages

Friday, December 23, 2016

In the waning days of the Obama administration, two European banks, Deutsche Bank and Credit Suisse, agreed to multi-billion dollar settlements with U.S. authorities for selling toxic mortgages prior to the financial crisis. The combined payouts will be approximately $12.5 billion. A third bank, Barclays, balked at a deal and is being sued by the Justice Department.

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Trump's Immigration Plan Could Undermine Promise To Boost Economy

Tuesday, December 20, 2016

Donald Trump says he will double the U.S. growth rate; that requires getting more people into the workforce. The president-elect also plans to limit immigration, the biggest source of new workers.

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Federal Reserve Chair Announces Decision To Raise Benchmark Interest Rate

Wednesday, December 14, 2016

Federal Reserve Chair Janet Yellen announced Wednesday the Fed raised benchmark interest rate for the first time since 2015.

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5 Questions About Donald Trump's Cabinet Picks And His Economic Plan

Thursday, December 01, 2016

Key economic players Steve Mnuchin and Wilbur Ross, nominees for Treasury and Commerce respectively, are Wall Street veterans. Does their selection match up with Donald Trump's populist message?

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Trump Picks Steve Mnuchin To Lead Treasury Department

Wednesday, November 30, 2016

Mnuchin is a hedge fund CEO and longtime Wall Street banker. His involvement in the spike in foreclosures following the housing market's crash could complicate his confirmation.

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Trump's Potential Treasury Secretary Headed A 'Foreclosure Machine'

Tuesday, November 29, 2016

During the financial crisis Steve Mnuchin was working to make profits from the ruins of the housing bust. He assembled investors who bought IndyMac, a failed bank that had been taken over by the FDIC.

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President-Elect Trump Plans To Slash Taxes On Businesses — Including His Own

Monday, November 21, 2016

A big part of Donald Trump's proposed tax cut would go to corporations. The president-elect says that will fuel investment and growth; critics say the plan would explode the federal budget deficit.

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Who Benefits From Donald Trump's Tax Plan?

Sunday, November 13, 2016

The plan laid out by the president-elect is detailed — but different from what he promised during the campaign. His economic team says it will boost the middle class; several experts beg to differ.

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What Happens To Obamacare In A Trump Administration?

Wednesday, November 09, 2016

While Donald Trump campaigned for the presidency, he repeatedly said he would get rid of the Affordable Care Act. What will happen to Obamacare? Also, we monitor how financial markets are doing.

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Immigration Was A Hot Button Issue. Now What?

Wednesday, November 09, 2016

Immigration was a big issue in the presidential race. Now that Donald Trump has been elected, will he carry through with promises? And, financial markets began the day lower on news Trump would win.

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