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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

US Health Bill Cuts Business Taxes, Lessens Coverage

June, 23 2017
watermark Economic news

The US Senate’s health-care bill has cut billions of dollars worth of taxes from large businesses and high-net worth households in addition to repealing taxes for capital gains. These tax-related provisions in the said bill are highly similar to the House version which was passed last May, with the bill implementing tax repeals and lessening health coverage instead of the other way around. Republican Senator Pat Toomey stressed the importance of cutting down these tax as soon as possible, as these taxes are allegedly doing damage to the country’s economy. These tax cuts are exclusively applicable for households with more than $200,000 of income per annum, as well as married couples making more than $250,000 per annum.

 


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.