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December 08, 2017

WASHINGTON — Key Republican lawmakers oppose efforts to scale back a proposed cut in the corporate income tax rate to pay for other tax breaks, complicating efforts to appease Republicans from high-tax states.

Both the House and Senate tax packages would reduce the corporate income tax rate…


In the age of Amazon, Walmart is changing its legal name

December 07, 2017

NEW YORK — Wal-Mart Stores Inc. is changing its legal name effective Feb. 1 as it shifts away from physical stores in the age of Amazon's increasing dominance.

The world's largest retailer, based in Bentonville, Arkansas, said Wednesday it will change its legal name to Walmart Inc. from Wal-…


Tax overhaul could chill affordable housing construction

December 06, 2017

PORTLAND, Ore. — Municipal governments worry the tax overhaul in Washington, D.C. could chill the construction of affordable housing as homelessness reaches a crisis point on the West Coast.

Officials with the housing authority in Portland, Oregon, said Tuesday the U.S. could lose nearly 1…


Economists expect modest boost from tax cuts

December 05, 2017

WASHINGTON — Economists expect a tax overhaul to provide a modest boost to the U.S. economy but are increasingly worried that a rewrite of the North American Free Trade Agreement will take a toll on growth.

The National Association of Business Economics survey found that forecasters expect…