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President Donald Trump is proposing "the biggest tax cut" ever, even as the government struggles with mounting debt, in an effort to fulfill his promises to stimulate job creation and middle class prosperity.
White House officials on Wednesday were to release broad outlines of a tax overhaul that would provide massive tax cuts to businesses big and small. The top tax rate for individuals would drop by a few percentage points, from 39.6 percent to the "mid-30s," according to an official with knowledge of the plan.
Small businesses would see their top tax rate go from 39.6 percent to the proposed corporate tax rate of 15 percent, said Treasury Secretary Steven Mnuchin in a Wednesday morning speech.
President Donald Trump plans to release a broad outline of his tax plan Wednesday, three days ahead of his 100th day in office.
Trump has suggested his plan will include "maybe the biggest tax cut we've ever had." He'll seek a corporate tax rate reduction, but will abandon a so-called border adjustment tax included in a plan released by House Republicans last year, according to details of the plan reported in the press prior to Trump's announcement.
Here's a breakdown of what to keep an eye on as the White House and congressional Republicans attempt to push a tax bill through Congress this year.
Fearing a return to violent protests that roiled campuses in the 1970s, colleges and universities are re-examining how to protect free speech while keeping students and employees safe in a time of political polarization.
Campus police are trying new tactics to try to keep events peaceful, while other schools have abruptly canceled controversial speakers over safety concerns, as UC Berkeley did with conservative writer Ann Coulter's appearance, originally scheduled for Thursday.
In response to earlier rioting at Berkeley, the International Association of Campus Law Enforcement Administrators last month put on daylong protest preparation and response training sessions at Chapman University in Orange, California, the University of Notre Dame in Indiana and the University of Maryland, attended by law enforcement from about 40 colleges and universities. Another training session will take place Thursday at the University of Hartford in Connecticut.
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Comedian Bill Cosby is blind, he confirmed in a rare interview released Wednesday, in the run-up to his sexual assault trial in suburban Philadelphia.
The interview, published by the National Newspaper Publishers Association Newswire, only features a few quotes from Cosby. He and a public relations expert decided to give the interview to the agency, which focuses on the black community, because they felt the outlet would be more interested in 'facts over sensationalism,'" according to the interview.
It's his first time speaking at length to the press since charges were filed against him for allegedly sexually assaulting a Temple University employee at his home in 2004. Cosby has pleaded not guilty and is free on $1 million bail. He calls the encounter consensual.
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A federal judge on Tuesday blocked President Donald Trump's attempt to withhold funding from "sanctuary cities" that do not cooperate with U.S. immigration officials, saying the president has no authority to attach new conditions to federal spending.
Trump vowed Wednesday to appeal the "ridiculous" decision to the Supreme Court.
U.S. District Judge William Orrick issued the preliminary injunction in two lawsuits — one brought by the city of San Francisco, the other by Santa Clara County — against an executive order targeting communities that protect immigrants from deportation.
The injunction will stay in place while the lawsuits work their way through court.
NBC reports on the steps that flyers and travelers can take to protect themselves, and their vacation, from an overbooked flight.
Former Vice President Joe Biden spoke Wednesday at a campus sexual assault awareness event at George Mason University.
Biden has long been at the forefront of the movement fighting to end violence against women. In the '90s, as a senator, he wrote the Violence Against Woman Act that changed how the U.S. criminal justice system responded to domestic violence and sexual assault.
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Former President John F. Kennedy's 1945 diary kept during his time as a journalist after World War II will be auctioned in Boston Wednesday.
Kennedy wrote the 61-page diary following his two-month stint as a journalist in the summer of 1945, following Germany's surrender. Kennedy, then 28, was a correspondent for Hearst newspapers and traveled through a war-torn Europe.
At the end of that summer, Kennedy decided to run for Congress, beginning his journey to the White House.
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Tennis superstar Serena Williams on Wednesday dropped a major hint that she could be pregnant, posting a photo of herself on her Snapchat story with the caption "20 weeks."
The photo shows Williams in a swimsuit with what appears to be a baby bump.
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April 26 marks "Denim Day," a worldwide annual rape-prevention campaign that encourages anyone who stands in solidarity with sexual assault victims to put on jeans for the day, NBC News reported.
Although the strategy may seem like an odd way of protesting, the movement began as a response to a 1999 Italian Supreme Court decision that overturned a rape conviction because the teenage victim wore "very, very tight jeans."
As NBC News reports, in the case, a driving instructor had raped an 18-year-old girl before her first lesson, but the Italian court said the encounter must have been consensual because the girl's jeans were too tight to have been taken off by the attacker alone.
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U.S. Sen. Ted Cruz wants funds seized from El Chapo, and other drug lords, to pay for the border wall.
On Tuesday, Cruz introduced the Ensuring Lawful Collection of Hidden Assets to Provide Order (EL CHAPO) Act that would "reserve any amounts forfeited to the U.S. Government as a result of the criminal prosecution of “El Chapo” (formally named Joaquin Archivaldo Guzman Lorea) and other drug lords for border security assets and the completion of the wall along the U.S.-Mexico border."
In a statement Tuesday, Cruz said the U.S. government is seeking the criminal forfeiture of $14 billion in drug proceeds from El Chapo.
NASA's Cassini spacecraft has ventured into the never-before-explored region between Saturn and its rings.
But flight controllers won't know how everything went until Thursday when they are back in touch with the craft.
Cassini was out of radio contact with Earth early Wednesday as it became the first spacecraft to enter the gap between Saturn and its rings. That's because its big dish antenna was maneuvered face forward to protect science instruments from potentially damaging ring particles.
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Mexican fast food chain Chipotle announced Tuesday that its customer payment system had been breached, CNBC reported.
In a statement on the company's website, Chipotle said it detected "unauthorized activity" on the system. Officials are focusing on credit card transactions that occurred from March 24, 2017, to April 18, 2017.
The restaurant added that the breach has been stopped and additional security measures have been added, though the investigation is ongoing. Chipotle encouraged customers to monitor their card activity.
The announcement came as Chipotle reported better-than-expected sales in the first quarter on Monday.
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