Photo: Cheriss May/NurPhoto via Getty Images

The Trump administration's tax cuts, which kicked in at the start of 2018, did not seem to have a major effect on companies' plans for capital investment or hiring, according to a poll conducted by the National Association of Business Economics, reports Reuters.

Why it matters: The Trump administration predicted the tax cuts, which reduced the corporate tax rate to 21% from 35%, would stimulate business spending and job growth. Instead, 84% of corporate respondents said they had not changed their business plans due to the tax overhaul, compared to 81% in the organization's previous survey in October.

Go deeper: National deficit grew 20% last year, partially due to Trump tax cuts

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8 mins ago - World

How new tech raises the risk of nuclear war

Illustration: Annelise Capossela/Axios

75 years after Hiroshima and Nagasaki, some experts believe the risk of the use of a nuclear weapon is as high now as it has been since the Cuban missile crisis.

The big picture: Nuclear war remains the single greatest present threat to humanity — and one that is poised to grow as emerging technologies, like much faster missiles, cyber warfare and artificial intelligence, upset an already precarious nuclear balance.

White House, Democrats remain "trillions of dollars apart" on stimulus talks

Meadows and Mnuchin. Photo: Alex Wong/Getty Images

The Trump administration and Democrats have not agreed to any "top-line numbers" and remain "trillions of dollars apart" on coronavirus stimulus negotiations, White House chief of staff Mark Meadows said Wednesday.

The state of play: Meadows told reporters, "At this point we’re either going to get serious about negotiating and get an agreement in principle or — I’ve become extremely doubtful that we’ll be able to make a deal if it goes well beyond Friday.”

23 million Americans face eviction

Natasha Blunt of New Orleans, who is at risk of eviction. Photo: Dorthy Ray/AP

The coronavirus pandemic threatens America with a new wave of homelessness due to a cratering economy, expiring unemployment stimulus payments and vanishing renter protections.

What they're saying: "I've never seen this many people poised to lose their housing in such a short period of time," said Bill Faith of the Coalition on Homelessness and Housing in Ohio to AP.