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Home prices surge 6.3% in December amid critical housing shortage
Sky-high demand and record-low supply continued to push home prices higher in December, far faster than income growth. U.S. home prices increased 6.3 percent compared with December 2016, according to the much-watched S&P CoreLogic Case-Shiller national home prices index. That is an increase from 6.1 percent annual growth in the previous month. Read More.
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U.S. Consumer Confidence Is at 17-Year High
U.S. consumer confidence jumped to a 17-year high as optimism about employment prospects grew and Americans began seeing additional money in their paychecks from recently enacted tax cuts, data from the New York-based Conference Board showed Tuesday. Read More.
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Trump says he backs 25-cent gas tax hike to pay for infrastructure
​President Trump on Wednesday said he in favor of a 25-cent gas tax hike to pay for his infrastructure plan. Read More.
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Trump Says He’ll Unveil ‘Reciprocal Tax’ on Imports This Week
President Donald Trump said Monday that he will propose a tax on imports this week, reviving an idea he floated earlier in his administration that risks raising tensions with key U.S. trade partners. Read More.
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California has a plan to skirt the GOP tax law. IRS veterans sayit is likely doomed.
California’s plan to shield residents from a tax hike under President Trump’s tax plan is likely to fail, said seven former high-ranking Internal Revenue Service and Treasury Department officials. Read More.
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California has a plan to skirt the GOP tax law. IRS veterans say it is likely doomed.
California’s plan to shield residents from a tax hike under President Trump’s tax plan is likely to fail, said seven former high-ranking Internal Revenue Service and Treasury Department officials. Read More.
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IRS Releases Notice on U.S. Passport Revocation Process
On Jan. 16, 2018, the U.S. Internal Revenue Service released Notice 2018-01 regarding the passport revocation process for U.S. citizens with seriously delinquent tax debts. Read More.
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With cap on deductions, lawmakers consider ways to help tax payers
Some states are taking action against the new federal tax law to make sure as many Americans as possible receive benefits. With 30 percent of Americans itemizing their deductions, the new tax law puts a $10,000 cap on state and local tax deductions. Previously, there was no limit. Read More.
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Dow soars 350 points as wild ride on Wall Street continues
Stocks rose in choppy trade Wednesday as Wall Street tried to build on the strong gains set in the previous session. The Dow Jones industrial average climbed 300 points after opening 127 points lower. Boeing and Walmart were the best-performing stocks in the index, rising more than 3 percent. Read More.
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Trump’s First Year Saw Americans’ Compensation Rise At Fastest Pace Since 2008
While The Fed may be getting nervous, we suspect the Trump administration will be smirking quietly as Labor Department data showedtotal U.S. employee compensation rose in the fourth quarter to match the biggest 12-month gain since 2008, as private-sector pay picked up. Read More.
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Private payrolls grow by 234,000 in January, vs 185,000 expected: ADP/Moody’s Analytics
The new year got off to a strong start for job creation, with businesses adding 234,000 in January, according to a report Wednesday from ADP and Moody’s Analytics. Read More.
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Stocks surrender gains as Fed stands pat, but hints at hiking rates soon
​The U.S. stock market failed to defend earlier gains and slid into negative territory on Wednesday after the Federal Reserve kept interest rates unchanged but hinted that it will likely raise rates in March as expected. Read More.
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TRUMP: ‘AMERICA IS ROARING BACK AND NOW IS THE TIME TO INVEST’
‘After year of stagnation the United States is once again experiencing strong economic growth’ Read More.
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Tax season confusion: What you need to know before you file this year
Confused about how the new tax law will affect you? You’re not alone. Read More.
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U.S. economy grows 2.6% in fourth quarter, GDP shows
The U.S. expanded at a 2.6% annual pace in fourth quarter, extending one of the best stretches of growth during the current eight-and-a-half-year-old upturn. Read More.

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