Zeke Miller and Darlene Superville, Associated Press Updated 11:53 pm CDT, Friday, August 31, 2018 Now Playing: President Donald Trump says the prospect of a North Carolina drawing new districts weeks ahead of the November midterm election is "unfair." (Aug. 31) Media: Associated Press CHARLOTTE, N.C. (AP) — President Donald Trump says the prospect of North Carolina drawing new congressional districts just weeks before the November midterm elections is "unfair." A panel of federal judges this week struck down the state's congressional map, saying Republican state legislators went too far in using political data to preserve GOP-held seats. The judges raised the possibility of drawing new districts by mid-September so they can be used in the Nov. 6 elections, or at least before the new Congress is seated in January. Republicans are objecting to the plan, which comes as the party — and Trump — fight to defend the GOP House majority. … [Read more...] about Trump says North Carolina redistricting ruling ‘unfair’
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Driving the Day SPOTTED: SEAN SPICER being feted last night at MXDC for his White House going away party. In his remarks, Spicer joked that former communications director Mike Dubke, who attended, “Lasted 10 Scaramuccis.” Pic http://bit.ly/2xBT5mP Good Friday morning, welcome to September and happy Labor Day weekend!Story Continued Below SCOOP -- JARED KUSHNER quietly escaped to North Carolina last night to raise money at a private fundraiser for REP. MARK MEADOWS (R-N.C.), the chairman of the House Freedom Caucus, according to multiple sources familiar with the event.Meadows and Kushner have discussed Israel -- part of Kushner’s portfolio, and a key issue for Meadows -- and he has talked with Ivanka about paid leave, which faces long odds in the Republican Congress. Kushner went in a private capacity. WHY DOES THIS MATTER? Easy. Meadows has been a thorn in the side of Republican leaders for years, and is now one of the most powerful men in the Capitol. He has been a … [Read more...] about SCOOP: Kushner fundraises in North Carolina for MEADOWS — SPICER’s going away party at MXDC — MICK MULVANEY profile — MUELLER taps IRS expertise — B’DAY: Dee Dee Myers
Donald Trump came out against North Carolina's controversial anti-LGBT "Bathroom Bill" on Thursday during an interview with Matt Lauer, saying that the state should not have passed the law. "North Carolina did something that was very strong, and they're paying a big price and there's a lot of problems" Trump said on the Today Show when asked about the law. "There have been very few problems. Leave it the way it is. There have been very few complaints the way it is." Trump added that creating new bathrooms for transgender would be "discriminatory" and "unbelievably expensive" for businesses. "So if Caitlyn Jenner walked into Trump Tower and want to use the bathroom you would be fine with her using any bathroom she chooses?" Lauer followed up. "That is correct," Trump replied. These statements were later criticized by Ted Cruz, who calls the North Carolina law "basic common sense." Another change Trump criticized: the removal of Andrew Jackson from the $20 dollar bill. Trump, who … [Read more...] about CBS News Logo Trump attacks anti-LGBT North Carolina law
A CARRIED CRACKDOWN: The Treasury Department took its first steps to erasing a loophole in the new GOP tax law’s treatment of carried interest, which had money managers sprinting to Delaware to set up S corporations. Treasury said it would issue new rules to make it clear that an exemption in the law’s carried interest provision is only available to traditional C corporations — and not S corporations, a type of pass-through business. That appears to have been Republicans’ intent when writing the law, but the bill as drafted merely gives an exception to corporations. The law allows investment managers to get preferential tax treatment — the long-term capital gains rate, instead of ordinary income rates — but only if they hold assets for at least three years.Story Continued Below There were plenty of people happy with Treasury’s move, including the American Investment Council, the trade group for private equity, and pass-through advocates. But … [Read more...] about Will Treasury’s carried interest fix work?
Published 6:02 am, Thursday, February 15, 2018 LAKE WYLIE, S.C. (AP) — A South Carolina man has pleaded guilty to tax evasion and embezzling nearly $26 million from a North Carolina company. The Herald cites a release from U.S. Attorney Beth Drake that says 50-year-old Bryan Bower was accused of convincing foreign customers to send payments directly to his account instead of the company's. It says Bower diverted the money from Buckeye Fire Equipment Co., based in Kings Mountain, North Carolina, to himself from 2009 to 2013. Bower owed more than $9 million in taxes to the U.S. Treasury as he didn't claim income tax on the money, and the Internal Revenue Service investigated the case. Bower faces up to 5 years in prison and a fine of $100,000 when sentenced. Latest Houston & Texas News Now Playing: Now Playing Northshore home destroyed in fire Metro Video Can you prevent school shootings? Fox 26 Houston Cancer scars on the catwalk Fox 26 … [Read more...] about South Carolina man pleads guilty to tax evasion, embezzling