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Survey: Trump tax cuts had little impact on corporate investment, hiring

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

Go deeper

Ursula Perano
7 mins ago - Politics & Policy

Capitol repairs, security top $30M since Jan. 6 attacks

Photo: Bill Clark/CQ-Roll Call, Inc via Getty Images

The Architect of the Capitol Brett Blanton on Wednesday said that repairs and security expenses related to the Jan. 6 insurrection have already cost more than $30 million.

The state of play: Congressional appropriations committees have allocated the $30 million for repairs and perimeter fencing around the Capitol building through March 31, per NPR.

Go deeper (1 min. read)Arrow
Sarah Mucha
Updated 2 hours ago - Politics & Policy

White House stands by imperiled Tanden nomination after Senate panel postpones hearing

Neera Tanden. Photo: Anna Moneymaker/The New York Times/Bloomberg via Getty Images

The Senate Homeland Security Committee is postponing a confirmation hearing scheduled Wednesday for Neera Tanden, Axios has learned, a potential death knell for President Biden's nominee to lead the Office of Management and Budget.

The latest: Asked Wednesday afternoon whether Tanden has offered to withdraw her nomination, Psaki told reporters, "That’s not the stage we’re in." She noted that it's a "numbers game" and a "matter of getting one Republican" to support the nomination.

Go deeper (1 min. read)Arrow
Ursula Perano
3 hours ago - Politics & Policy

Acting Capitol Police chief: Officers were unsure of lethal force rules on Jan. 6

Photo: Chip Somodevilla/Getty Images

Acting U.S. Capitol Police Chief Yogananda Pittman wrote in prepared remarks for a House hearing on Thursday that officers in her department were "unsure of when to use lethal force" during the Jan. 6 insurrection.

Why it matters: Capitol Police did deploy lethal force on Jan. 6 — shooting and killing 35-year-old Ashli Babbit — but have faced questions over why officers appeared to be less forceful against pro-Trump rioters than participants in previous demonstrations, including those over Black Lives Matter and now-Supreme Court Justice Brett Kavanaugh.

Go deeper (1 min. read)Arrow