Activist investor Nelson Phelps is taking his to the next helpful. Out now with news this morning that the founder has sent a letter to the company, to calling for or dupont, rather, dow chemical, dupont, calling for a breakup of the country. If this story sounds familiar, hes been working since back in july of last year that we first reported that he bought a big stake in the company. He says that this is an excessive Holding Company cost. He estimates 2 billion to 4 billion of excess corporate costs. He says the district businesses are overwhelmingly complex. How big is his stake in the company again . 3 . Hes probably the largest shareholder. For us, it would be a big stake. For you, its like 2 billion or something, 1. 8 billion. It would be a big stake. For me, not for you. But both, you know, dow, dupont, theyve been its too slow . Theyve been doing a lot of stuff. I didnt get it from anyone. I got it. You got a cold . I do. Both kids i know, i know. Dust mites. I dont know what c
We will be talking with house ways and means chairman texas republican kevin grady in a moment as well as the one who run c. D. Ameritrade. The guy breaking the news on what is changing, Fox Business Networks charlie gasparino. Heres what were hearing the white house and congress that the gop is planning for a pivot to taxes by getting healthcare out of the way pretty quick disposing of it. Here is the plan that mcconnell has on the table to somehow push as weve been talking about a repeal of obamacare and not a replacement. By doing, at the earliest tomorrow, pushing for a motion to proceed. That gets the ball rolling to repeal obamacare. Not replace it. But once that gets done, whether it gets repealed or doesnt get repealed, the movement is quickly to tax cuts which they feel both in the white house and congress theres much more unanimity, much more agreement. Theres an easier lift although will be a lot of horse trading over what exemption stay in and stay out, state and local Tax
Close to rainbows and butterflies. It is turning out to be immigration be afraid. Lets start at the white house. The most recent hail mary from the president on this one is talking about overturning the 14th amendment. Are they taking this seriously over there . Reporter it is hard to know how seriously they are taking it. The white house wont even say who is advising the president that he can perhaps overturn the 14th amendment by executive order. The idea is being roundly denounced by people in the president s own party with House Speaker paul ryan saying it is a nonstarter. Counselor to the president Kellyanne Conways husband, it is no secret he often criticized the president said this in an oped. He said sometimes the constitutions text is plain as day and bars what politicians seek to do. Such a move would be unconstitutional and would certainly be challenged. And the challengers would undoubtedly win. President trump on twitter this morning seemed to welcome that legal challenge.
Millions of Americans follow their passions every day as small-business owners in our nation's free enterprise system, which has created more prosperity than any other economic system in the history of the world.
Due to several Tax Cuts and Jobs Act (TCJA)1 provisions expiring at the end of 2025, next year is shaping up to be what some are already calling the Super Bowl of Tax.