Articles by David Morgan

Republicans Move to Clarify Tax Provision on Sexual Harassment Claims

U.S. Senate Republicans on Thursday sought to correct a section of President Donald Trump’s tax overhaul that threatened to prevent sexual harassment victims from claiming a tax deduction for the legal costs they incur while pursuing their cases. In a …

Bipartisan Momentum Building in Congress for Cryptocurrency Regulations

Jolted by the global investment craze over bitcoin and other cryptocurrencies, U.S. lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers said. Bipartisan momentum is growing in the …

Bipartisan Momentum Building in Congress for Cryptocurrency Regulations

Jolted by the global investment craze over bitcoin and other cryptocurrencies, U.S. lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers told Reuters. Bipartisan momentum is growing in …

House Passes Tax Cut Package; Debate Moves to Senate

Congressional Republicans took an important step on Thursday toward the biggest U.S. tax-code overhaul since the 1980s as the House of Representatives approved a broad package of tax cuts sought by senior lawmakers and President Donald Trump. The House vote …

Business Groups Sue to Thwart U.S. Crackdown on Corporate Inversions

Two business groups sued the Obama administration on Thursday over a crackdown on U.S. companies that try to reduce their U.S. taxes by rebasing abroad in a process known as inversion. The U.S. Chamber of Commerce and the Texas Association …

Republicans Call for State Pools to Replace Obamacare Safeguards for Sickest Insureds

U.S. House of Representatives Speaker Paul Ryan called on Wednesday for an end to Obamacare’s financial protections for people with serious medical conditions, saying these consumers should be placed in state high-risk pools. In election-year remarks that could shed light …

How Much Do U.S. Health Insurance Tax Breaks and Subsidies Cost?

U.S. taxpayers will fork over $660 billion this year to subsidize health insurance for people under 65, the vast majority of whom have coverage through their employers, the Congressional Budget Office said on Thursday. In its most comprehensive report on …

Obama Administration Names Task Force to Create Drone Registry

The Obama administration said on Monday that it would require drone owners to register their unmanned aircraft as part of an effort to curtail rogue drone flights that pose a danger to commercial aircraft and crowded public venues. U.S. Transportation …

How Regulators Caught Volkswagen’s Diesel Deception

The confession of cheating that’s embroiled Volkswagen AG in one of the biggest scandals in auto industry history came on a cool California morning, on the sidelines of an academic conference focused on green transportation. After more than a year …

Key Car Makers to Make Automatic Braking Standard Equipment in U.S.

A group of major automakers accounting for more than half of U.S. auto sales will make automatic emergency braking standard on new U.S. vehicles in one of the industry’s biggest auto safety moves since it embraced technology to prevent rollovers …