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President Trump took to Twitter on Thursday to personally confirm reports that he is hiring CNBC contributor Larry Kudlow has his next economic advisor."Larry Kudlow will be my Chief Economic Advisor as Director of the National Economic Council. Our Country will have many years of Great Economic & Financial Success, with low taxes, unparalleled innovation, fair trade and an ever expanding labor force leading the way! #MAGA," Trump tweeted. 461
President Trump's Treasury secretary says most middle income Americans will get a tax break under the Republican plan brewing in Congress.But he stopped short of saying that break would be for all of them."By simplifying the code, we're putting everybody on a level playing field," Steven Mnuchin told CNN's Jake Tapper on "State of the Union" on Sunday. "For most people -- and, again, it may not be 100 percent, but by far the majority -- both the House and Senate version provide middle-income tax relief."Mnuchin said that assessment is based on "hundreds if not thousands" of tests the Treasury has run on the bills.Mnuchin's comments came after Senate Majority Leader Mitch McConnell walked back his claim?that "nobody in the middle class is going to get a tax increase" under the Senate's version of the reform plan.On Friday, McConnell told the New York Times that he "misspoke."Mnuchin also defended the tax plan from critics, including Larry Summers, the Treasury secretary under President Bill Clinton. Summers called Mnuchin's tax cut estimates "irresponsible."Mnuchin on Sunday called those comments "unfortunate.""There are lots and lots of economists that come out and support our claims," he said. "We've been completely transparent. Different models will show different things."Mnuchin added that a middle-class tax hike is not what Trump wants. He said lawmakers will "fine tune" the plan before it heads to Trump for a signature.Tapper also asked Mnuchin about Trump's?claim?that the tax reform bill will bring "the largest tax cuts in the history of this country.""We've tried to find a way that this is true, but it's not," Tapper said, pointing to research that shows the tax break would rank, at most, as the 3rd largest in American history.Mnuchin qualified the president's statement, saying, "This will be the largest change since President Reagan."He also singled out the proposal to slice the corporate tax rate from 35% to 20%."If that's not the biggest tax cut to make our businesses competitive, what is?" Mnuchin said. 2102
Retail giant Target announced that they are giving out more than million in bonuses to frontline employees ahead of the holiday shopping season.On Monday, the company said that more than 350,000 employees - which includes employees who work in stores, the distribution centers, and seasonal hires - will all receive a 0 bonus."In a year like no other, I'm proud of what this team has accomplished and grateful for the care and connection they've provided our guests and communities," said Melissa Kremer, Target's chief HR officer, in a blog post. "Target's success this year is a direct result of our team members turning our purpose into action and meeting our guests' changing needs day after day."This is the fourth bonus Target has given employees this year amid the coronavirus pandemic.The company said its already invested nearly billion so far this year on employees' well-being, health, and safety.Target delivered on its 2017 promise of paying a starting wage of hour - which went into permanent effect on July 5.Target says the 0 bonus will go to employees by early November. 1112
Researchers at University of Michigan have developed a fake news detector to help fight against misinformation. The technology is "an algorithm-based system that identifies telltale linguistic cues in fake news stories." The team says the system is "comparable to and sometimes better than humans at correctly identifying fake news stories."According to their study, linguistic analysis tracks things like grammatical structure, word choice, punctuation and complexity. But there are challenges to making sure the system properly deciphers stories. Researchers say the difficulty in building a fake news detectors is not in developing the algorithm itself, "but in finding the right data with which to train that algorithm."The system is still in its beta stage. Details of the fake news detector system will be presented on August 24 at the International Conference on Computational Linguistics in Santa Fe. Read the full study here. 962
RANCHO BERNARDO, Calif. (KGTV) -- A Rancho Bernardo woman wants to warn her elderly neighbors to double check their water bills."Evey Borrelli is not part of the roughly 350 water customers who were overcharged when a now-former city employee misread hundreds of meters this past winter," but she did receive an incorrect bill in April of 2017.RELATED: 381