A look at how India's digital divide is evolving and the latest figures on the number of internet users show the country is on track to reach 80 million by the time the year is out.The data was provided to The Hindu by the India Digital Network, a joint venture of research firm Deloitte, which runs the India Internet Index, an online ranking of India's broadband penetration and its capacity.The re...
President Donald Trump’s proposed 2018 budget would slash taxes for the middle class, boost infrastructure spending, expand child care and provide billions of dollars in tax breaks to corporations, the National Journal reports.
The proposal is being crafted by a group of economists who are trying to make good on promises made by President Donald J. Trump during his campaign.
The budget would create a $300 billion credit for companies that have gone public, increase tax rates on corporations that do business with the United States and provide $300 million in tax relief to individuals and businesses.
The plan would also give states a tax break of up to $100 million to help states expand child-care programs.
The administration’s budget includes $300 in tax credits to companies and $100 billion in tax cuts to businesses and individuals.
A number of the cuts in the proposal are aimed at helping companies that don’t pay their fair share of taxes and provide a number of tax breaks for the wealthy.
The tax breaks include an $80 million credit for a parent with a child under 18 to work at home and a $250,000 credit for those with a large nest egg.
The Trump administration also proposes to make the deduction for college tuition tax-free.
The president has repeatedly threatened to impose a 25 percent tax on those making more than $1 million a year.
This proposal could help corporations that don�t pay their share of federal taxes by making them more attractive to hire and retain employees.
The White House did not respond to a request for comment.
A $100 credit to companies that are not U.S. companies would be phased out in 2019.
It would expire in 2025, 2019 and 2026.
The credit would also be extended to certain non-U.S.-based companies, including a $30 million credit to the United Nations.
The federal government would also contribute $150 million a month to a $15 billion program to help small businesses that are struggling to grow.
The House of Representatives has already approved a version of the tax plan, but the Senate is not expected to vote on it until next year.
The National Journal reported that the budget includes a proposal to allow the federal government to provide tax relief on some investment income, which would be paid for with tax breaks from companies.
The proposed changes would benefit the wealthy more than the middle-class, according to the report.
The nonpartisan Tax Policy Center estimates that tax breaks worth an estimated $5 trillion to $6 trillion will be paid by corporations, which have grown by more than a quarter over the past decade.
The Congressional Budget Office has estimated that the tax breaks could increase deficits by $4 trillion over the next decade.
The president has promised to cut taxes for businesses by $1 trillion.
The $1 billion proposal would save businesses billions of tax dollars.
However, it would also have a significant impact on businesses that rely on investments from their employees and investors.
The National Association of Manufacturers estimates that the bill could cost $3.2 trillion in lost revenue over the first decade, while the Economic Policy Institute estimates that it could cost as much as $10.2 billion in lost GDP.