US President Donald Trump has unveiled a framework for tax reform. One of the biggest changes is a drastic tax cut for corporations. But also the middle classes and small business owners should get a boost.
The US midterms resulted in a split Congress with Democrats winning the House of Representatives and Republicans increasing their majority in the Senate. A look at key impacts — and how President Trump fits into it all.
Trump has warned that if Democrats won power in the midterm elections, the US economy would see higher taxes, endangering jobs as a result. But cohabitation means legislative stagnation is more likely.
The midterm polls are the best chance for Democrats to influence the Trump administration's behavior on key issues, with the next US presidential election two years away. DW explains why.
Before diving into a steak dinner at the World Economic Forum as the guests of the US president, leaders of major European corporations went around the table and praised their host's pro-business tax reform.
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