President Donald Trump released his plan to radically remake the tax code on Wednesday. According to initial media reports, the President’s proposal would slash the corporate tax rate, boost the standard deduction for individual taxpayers and eliminate the estate tax entirely. In addition, the plan would also repeal the Alternative Minimum Tax for individuals as…
Read More »At long last, there is a new Secretary of Labor and a full Cabinet for President Trump as Alex Acosta was finally confirmed to the post by the US Senate a full 98 days into the Trump administration. Acosta, who was nominated by President Trump after his first choice, Andy Puzder, withdrew from consideration after…
Read More »The National Labor Relations Board, which has been a source for many pro-union, anti-business rulings over the past several years, still has only three of its five slots filled. The positions are filled by the President with confirmation by the US Senate and this week, Acting Chairman Philip Miscimarra had the “acting” qualifier dropped from…
Read More »The 2016 campaign may be long over and decided, but America could still get “berned”. The issue has been spreading like wildfire with the Fight for $15 being waged in state houses and city halls around the nation over the past several years; there hasn’t been a lot of serious talk about a $15 wage…
Read More »New Mexico Governor Susanna Martinez made good on a promise earlier this month when she vetoed two different minimum wage bills passed by the New Mexico legislature. The first, HB 442, provided for an increase in the current $7.50 per hour minimum to $9.25 an hour and would have also prohibited local governments from passing…
Read More »Speaking of New Mexico, minimum wages aren’t the only issue generating headlines – voters in the capital city of Santa Fe have until next Tuesday to decide whether the city will impose a tax on sugary drinks of 2 cents per ounce – increasing the price of soda by 25 cents per can. Early voting…
Read More »It may very well be quite the long-shot, but the historically union-supportive state of Pennsylvania is now entertaining Right to Work legislation. Filed in both the Pennsylvania House and Senate earlier this month, right to work is part of a legislative package called the “Open Workforce Initiative”. The initiative is being championed by republican legislators…
Read More »McDonald’s announced Q1 financials on Tuesday of this week, and its focus on all day breakfast, $1 coffee /$2 espresso drinks and the Big Mac promotion are acknowledged to have gained market share. Their Same Store Sales were up 1.7% as it continues to work its McCafé platform with new advertising and baked goods coming…
Read More »With Congress still on its “spring break”, it has been relatively quiet from a legislative and regulatory perspective at the federal level, but we noted a few items we wanted to apprise our readers of. The Small Business Administration (SBA) is celebrating Small Business Week the week after next, April 30 – May 5 with…
Read More »It would appear that the Trump administration is in no hurry to undo the Obama administration rule mandating paid sick leave for federal contractors, including those who operate their private businesses on federal properties. You will recall that President Obama issued an Executive Order back in 2015 that called for companies under federal contract to…
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