The provision, known as the domestic production activities deduction, gave companies a tax break on income they earned from making things in the United States. It was intended to help American manufacturers, which were struggling to hold their own against competition from overseas. Then a raft of other industries heard about the rule as it…
Some states have encouraged residents to try to skirt the new cap on state and local tax deductions. Last week, Gov. Andrew M. Cuomo of New York signed an executive order paving the way for residents to prepay their property taxes. “We’re doing this to circumvent the bill the president just signed?” Mr. Cuomo asked…
Americans have a new reason to take on debt during the holidays this year: early taxes.Banks are seeing a wave of inquiries from customers in high-tax states rushing during the final days of the year to prepay 2018 property levies before a cap on deductions for state and local taxes comes into effect. One option: tapping…
Bitcoin resumed its slide Thursday, dipping below $14,000 as the cryptocurrency’s dizzying drop from a record set 10 days ago intensified.The latest blow to the world’s biggest cryptocurrency came from South Korea, where the government said it was eyeing options for stamping out a frenzy of speculation, including a potential shutdown of at least some exchanges.Bitcoin…
Some Afghan and other Western officials question whether those numbers are inflated, but the Americans say they are an indication that the group continues to replenish its ranks with new fighters. Part of the reason the two-year joint operation by the United States and Afghanistan against the Islamic State has made little progress is simply…
But Democrats are clamoring to enter the ring. “I started seeing changes to U.S. policy that concern me,” said Sara Dady, one of the candidates. “I’ve been practicing immigration law under three administrations. I have a client who has a green card. He did everything right. He was denied boarding. To me that is not…
Profound differences between House and Senate Republicans may play as big a role as GOP fights with Democrats on how the legislative agenda plays out when Congress returns in January.House Republicans, especially conservative members, have been energized by their ability to rally around the tax overhaul and to limit demands from Democrats -- and from…
Bitcoin rallied past $15,000 on Tuesday as traders of the world’s biggest digital currency sought to draw a line under its roller coaster five-day slump.The tokens rose 12 percent to $15,395 as of 1:19 p.m. in London, the biggest gain on a closing basis in more than two weeks and the first in six days.…
Forty thousand had come from Nigeria, Mr. Trump added. Once they had seen the United States, they would never “go back to their huts” in Africa, recalled the two officials, who asked for anonymity to discuss a sensitive conversation in the Oval Office. As the meeting continued, John F. Kelly, then the secretary of homeland…
He dealt with the F.B.I. investigation into whether Hillary Clinton mishandled classified information when she used a private email server. Republicans, including Mr. Trump, have relentlessly criticized the F.B.I. for the way it handled that investigation. Mrs. Clinton was not charged, nor were any of her aides. Mr. McCabe has also been deeply involved in…
