Author: Editor - Business News

4 Big Problems with Treasury’s Report Showing Tax Cuts Pay for Themselves

For months, Treasury Secretary Steven Mnuchin has claimed that the Republican tax plan will more than pay for itself by generating faster economic growth, adding that more than 100 people in his department were “working around the clock” on modeling various estimates of the plan’s effects. Maybe the administration was better off that way. The Treasury Department on Monday released a one-page “analysis” of the Senate tax bill — 470 words, including footnotes, on a roughly 470-page bill — asserting that the Trump administration’s overall economic agenda would generate about $1.8 trillion in additional revenue over 10 years, more than offsetting the roughly $1.5 trillion cost of the tax...

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A passenger on a Southwest Airlines flight was arrested on a felony charge after threatening to kill everyone on the plane

A passenger on a Southwest Airlines flight threatened to kill the flight’s passengers and crew on Saturday. The passenger had tampered with a bathroom smoke detector, and a flight attendant caught her smoking a cigarette, the airline told Business Insider. The passenger was arrested on a felony charge and sent to jail on $75,000...

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Litecoin is surging after Bitcoin futures launch

The gains come the day after Cboe Global Markets, a a Chicago-based exchange operator, launched trading of Bitcoin futures contracts. Litecoin initially saw a hefty loss last week after Coinbase’s GDAX exchange crashed last week, briefly sagging below the $100 mark before this week’s skyrocket in price. Litecoin uses a slightly different mining technique than bitcoin, but has been largely left out of the cryptocurrency...

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