Carl Icahn to Spend $150M to Lobby for Corporate Tax Reform

Oct 21, 2015, 3:41 pm EST

Carl Icahn announced plans to spend $150 million to lobby for a corporate tax reform.

The billionaire investor is forming a super PAC (political action committee) to get Congress to “help end the crippling dysfunction in Congress,” Icahn tweeted.

He is hoping that U.S. companies that are going overseas for tax breaks will return to the U.S. and bring that money back to help create jobs. Read 

Justin Trudeau: 7 Things to Know About Canada’s New Prime Minister

Oct 20, 2015, 2:04 pm EST

Justin Trudeau has been named the next Prime Minister of Canada.

Justin Trudeau will take the office of Prime Minister in Canada starting in November. Trudeau will have to deal with the country’s economic troubles and try to fix them while he’s in office, reports The Wall Street Journal.

Here are a few things to know about Justin Trudeau, as collected from WSJ. Read 

Is Joe Biden Running for President?

Oct 19, 2015, 4:18 pm EST

Is Joe Biden running for president?

U.S. Rep. Brendan Boyle — a Philadelphia congressman — tweeted that the current Vice President is seeking to lead the White House in 2016 when President Obama leaves his post.

Boyle’s 2,650 followers were privy to the news that Biden may be continuing Obama’s work for at least four more years, if elected. The congressman claims this information came from a “very good source close to Joe.” Read 

No Social Security Increase for 2016

Oct 13, 2015, 1:08 pm EST

A Social Security increase isn’t likely to occur in 2016 due to low gas prices.

Social Security is adjusted every year to take into account for inflation. This procedure is called the cost of living adjustment (COLA). However, a surplus of oil being available to the United States has caused gas prices to drop in the last few months and this affects COLA, which in turn affects the Social Security increase, reports CNNMoney.

The Social Security increase through COLA is based on inflation numbers from September’s report every year. Those numbers will be announced on Thursday and the adjustment through COLA, which will likely be zero, is announced in October. This may hurt seniors because they don’t use gas as much as the average U.S. citizen, CNNMoney notes. Read 

4 Top Candidates to Be the Next House Speaker

Oct 12, 2015, 4:29 pm EST

The search for the next House speaker is a difficult one as no one is fully stepping up and taking the reins.

John Boehner left his post as House speaker late last month, leaving the position up for grabs. Here are the top four candidates for the job: Bill Flores

Texas Congressman Bill Flores is being tabbed as Boehner’s replacement by many. Read 

What Is the Trans-Pacific Partnership?

Oct 6, 2015, 1:22 pm EST

The United States agreed on the Trans-Pacific Partnership on Monday after six years of developing the agreement.

The Trans-Pacific Partnership is designed to open up trade between the following 12 countries:

    United States Australia Brunei Canada Chile Japan Malaysia Mexico New Zealand Peru Singapore Vietnam

The Trans-Pacific Partnership deal would remove tariffs for trades between these countries to promote more trade. It also leaves room for more countries, such as China, to join at a later date. The deal still needs approval from Congress, but votes have to wait until after President Barack Obama signs the deal, which won’t be for at least another 90 days, reports Fox News. Read 

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