Larry Kudlow says there could be a tax cut before Election Day

Top White House economic advisor Larry Kudlow said Thursday that President Donald Trump could put forward a tax cut before the 2020 presidential election. “You very may well see a new rollout of additional middle-class tax relief and small-business tax relief,” Kudlow said in an interview on Fox Business Network. On Wednesday, Trump said that he’s “not looking at a tax cut now. When asked Thursday to provide more details about the possible preelection tax cut, Kudlow said, “I don’t want to get i


Top White House economic advisor Larry Kudlow said Thursday that President Donald Trump could put forward a tax cut before the 2020 presidential election. “You very may well see a new rollout of additional middle-class tax relief and small-business tax relief,” Kudlow said in an interview on Fox Business Network. On Wednesday, Trump said that he’s “not looking at a tax cut now. When asked Thursday to provide more details about the possible preelection tax cut, Kudlow said, “I don’t want to get i
Larry Kudlow says there could be a tax cut before Election Day Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: kevin breuninger
Keywords: news, cnbc, companies, tax, white, kudlow, washington, election, scott, day, trump, house, cut, payroll, taxes, larry


Larry Kudlow says there could be a tax cut before Election Day

Top White House economic advisor Larry Kudlow said Thursday that President Donald Trump could put forward a tax cut before the 2020 presidential election.

“You very may well see a new rollout of additional middle-class tax relief and small-business tax relief,” Kudlow said in an interview on Fox Business Network.

Kudlow stressed that “there is nothing in the near term” because “we believe the economy is quite healthy.” “But longer run, why not?” he added.

Kudlow also confirmed to CNBC that he supported a tax cut proposal floated earlier Thursday by Sen. Rick Scott, R-Fla.

“Had a great conversation with my friend @larry_kudlow yesterday about our economy,” Scott tweeted Thursday morning.

“When we get back from recess, we should immediately start working on a plan to reduce taxes for middle-class families & workers by the amount the Treasury is collecting in tariffs,” the senator said.

In a text message, Kudlow told CNBC, “I do support the proposal” put forward by Scott in their meeting. Kudlow did not say if he had asked the president about the plan.

A spokeswoman for the Florida senator said that Scott “has not yet spoken to the president on this proposal, but is urging the Administration to start immediately cutting fees to help American families.”

Kudlow made similar comments to reporters at the White House shortly after his television interview.

Kudlow also told Fox that he still expected Chinese negotiators to meet with Trump administration officials in Washington in September to continue trade talks.

The deputies for Washington and Beijing had a “productive conference call” Wednesday, he said.

The remarks from the top economic aide came amid a week of mixed messaging from the White House about possible tax cuts and other proposals to stimulate the economy.

On Wednesday, Trump said that he’s “not looking at a tax cut now. We don’t need it.”

That statement appeared to be completely at odds with the president’s comments from just a day earlier, when he said in the Oval Office that he has “been thinking about payroll taxes for a long time.”

Less than a day before those comments, a White House official had denied that a payroll tax cut was being considered: “More tax cuts for the American people are certainly on the table, but cutting payroll taxes is not something under consideration at this time.”

And that denial came in response to The Washington Post’s report that White House officials have been floating a payroll tax cut as a way to head off a possible economic slowdown.

When asked Thursday to provide more details about the possible preelection tax cut, Kudlow said, “I don’t want to get in a lot of detail on this because, I don’t want to get ahead of the curve.”

But he did say that “the idea of some short-term payroll tax cut fix — it doesn’t work, it never works, it has no lasting impact.”

He added: “The personal tax rates could easily be lowered, and probably the brackets could be shrunk. That’s a thought.”

And “we might even kind of work through a way to help our friends in some of the state who are concerned about the shrinkage of the tax deductions there … the SALT taxes,” Kudlow said.

But he cautioned not to take those suggestions as promises. “I’m just — these are for examples, OK? For examples,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: kevin breuninger
Keywords: news, cnbc, companies, tax, white, kudlow, washington, election, scott, day, trump, house, cut, payroll, taxes, larry


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Reese Witherspoon bought this Malibu farmhouse for $6.25 million—take a look inside

Actress Reese Witherspoon has added another property to her real estate portfolio. The “Big Little Lies” star bought a remodeled 1949 farmhouse in Malibu, California for $6.25 million, according to Variety. The two-acre estate, called Zuma Farms, is nestled in the foothills above Malibu’s Zuma Beach. (A spokesperson for Scott Yancey confirmed the news to CNBC Make It.) Take a look inside her Malibu farmhouse.


Actress Reese Witherspoon has added another property to her real estate portfolio. The “Big Little Lies” star bought a remodeled 1949 farmhouse in Malibu, California for $6.25 million, according to Variety. The two-acre estate, called Zuma Farms, is nestled in the foothills above Malibu’s Zuma Beach. (A spokesperson for Scott Yancey confirmed the news to CNBC Make It.) Take a look inside her Malibu farmhouse.
Reese Witherspoon bought this Malibu farmhouse for $6.25 million—take a look inside Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: jade scipioni
Keywords: news, cnbc, companies, look, yancey, 625, million, malibu, house, scott, inside, estate, zuma, farmhouse, bought, reese, witherspoon, property, milliontake


Reese Witherspoon bought this Malibu farmhouse for $6.25 million—take a look inside

Actress Reese Witherspoon has added another property to her real estate portfolio. The “Big Little Lies” star bought a remodeled 1949 farmhouse in Malibu, California for $6.25 million, according to Variety.

The two-acre estate, called Zuma Farms, is nestled in the foothills above Malibu’s Zuma Beach. It includes a main house, a guest house, a horse stable and multiple outbuildings.

The compound, which Witherspoon reportedly bought in late June, was designed and previously owned by Scott and Amie Yancey of A&E’s “Flipping Las Vegas,” who used the property as a wedding venue. (A spokesperson for Scott Yancey confirmed the news to CNBC Make It.)

While Witherspoon’s primary residence is a $12.7 million mansion in Pacific Palisades in Los Angeles, the Oscar winner also owns several homes in Nashville and one in the Bahamas, according to Variety.

Take a look inside her Malibu farmhouse.

The private-gated estate features a modernized 1949 farmhouse that is surrounded by dozens of 1,500-year-old sycamores that add even more privacy.

The interior inside was designed with a mid-century modern feel.


Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: jade scipioni
Keywords: news, cnbc, companies, look, yancey, 625, million, malibu, house, scott, inside, estate, zuma, farmhouse, bought, reese, witherspoon, property, milliontake


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GOP Sen. Rick Scott: Americans should get tax cuts in return for tariffs paid on Chinese goods

Republican Sen. Rick Scott told CNBC on Monday the U.S. government should return money collected from China tariffs to Americans as tax relief. President Donald Trump, earlier this month announced an impeding 10% tariff on the remaining $300 billion of Chinese goods that had not been previously taxed. Back In May, Trump hiked tariffs to 25% from 10% on $200 billion in Chinese goods. “We have to help American companies … and get more American jobs and stop helping China,” Scott said. “I’m not s


Republican Sen. Rick Scott told CNBC on Monday the U.S. government should return money collected from China tariffs to Americans as tax relief. President Donald Trump, earlier this month announced an impeding 10% tariff on the remaining $300 billion of Chinese goods that had not been previously taxed. Back In May, Trump hiked tariffs to 25% from 10% on $200 billion in Chinese goods. “We have to help American companies … and get more American jobs and stop helping China,” Scott said. “I’m not s
GOP Sen. Rick Scott: Americans should get tax cuts in return for tariffs paid on Chinese goods Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, tax, tariffs, american, sen, gop, scott, paid, trump, sure, tariff, stop, billion, return, trade, goods, rick, cuts


GOP Sen. Rick Scott: Americans should get tax cuts in return for tariffs paid on Chinese goods

Republican Sen. Rick Scott told CNBC on Monday the U.S. government should return money collected from China tariffs to Americans as tax relief.

“Anything we raise in tariffs, we should give back to the rank and public in tax reductions,” the Florida senator said in a “Squawk Box ” interview, acknowledging there’s been some “short-term pain.”

“We have to help American farmers open up more markets around the world,” said Scott, who did not elaborate on what such relief might look like.

Data from U.S. Customs and Border Protection, which collects taxes on imports, showed the U.S. had assessed $23.7 billion in tariffs from early 2018 through May 1. According to a Reuters report, total tariff revenue rose 73% in the first half of 2019 from a year earlier.

The trade dispute between the world’s two largest economies has been escalating in recent months, with investors fearing that it could slow global and U.S. economic growth. In fact, Goldman Sachs lowered its fourth-quarter U.S. growth forecast by 0.2% to 1.8%, with the cumulative drag on gross domestic product of 0.6%.

President Donald Trump, earlier this month announced an impeding 10% tariff on the remaining $300 billion of Chinese goods that had not been previously taxed. Back In May, Trump hiked tariffs to 25% from 10% on $200 billion in Chinese goods.

“We have to help American companies … and get more American jobs and stop helping China,” Scott said. “Stop acting like they are a partner,” adding he doesn’t see how a trade deal can be reached.

“I’m not sure what else we can do, other than stand up for American interests and American values,” he wondered. “I’m not sure what the president can do otherwise than the tariffs he is doing.”


Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, tax, tariffs, american, sen, gop, scott, paid, trump, sure, tariff, stop, billion, return, trade, goods, rick, cuts


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FDA investigating 127 reports of seizures after vaping

The Food and Drug Administration is investigating 127 cases of people suffering from seizures after vaping, the agency announced Wednesday. The FDA said it’s unclear whether e-cigarettes caused the seizures and cautioned these cases occurred over a 10-year period. When the FDA announced its investigation in the spring, it asked for people to let the agency know if they had ever experienced this. The FDA on Wednesday again encouraged people to report if they had seizures after vaping. In severe c


The Food and Drug Administration is investigating 127 cases of people suffering from seizures after vaping, the agency announced Wednesday. The FDA said it’s unclear whether e-cigarettes caused the seizures and cautioned these cases occurred over a 10-year period. When the FDA announced its investigation in the spring, it asked for people to let the agency know if they had ever experienced this. The FDA on Wednesday again encouraged people to report if they had seizures after vaping. In severe c
FDA investigating 127 reports of seizures after vaping Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: angelica lavito
Keywords: news, cnbc, companies, vapor, scott, agency, fda, cases, 127, nicotine, public, investigating, announced, reports, seizures, vaping


FDA investigating 127 reports of seizures after vaping

A customer holds a bottle of flavored vape juice while exhaling vapor from an electronic cigarette at the NXNW Vapor store in Sacramento, California.

The Food and Drug Administration is investigating 127 cases of people suffering from seizures after vaping, the agency announced Wednesday.

The agency received about 92 new reports of people, especially kids and young adults, experiencing seizures after using e-cigarettes since it first announced its investigation into the issue in April. The FDA said it’s unclear whether e-cigarettes caused the seizures and cautioned these cases occurred over a 10-year period.

When the FDA announced its investigation in the spring, it asked for people to let the agency know if they had ever experienced this. The FDA on Wednesday again encouraged people to report if they had seizures after vaping.

“We appreciate the public response to our initial call for reports, and we strongly encourage the public to submit new or follow-up reports with as much detail as possible,” acting FDA Commissioner Ned Sharpless said in a statement.

“Additional reports or more detailed information about these incidents are vital to help inform our analysis and may help us identify common risk factors and determine whether any specific e-cigarette product attributes, such as nicotine content or formulation, may be more likely to contribute to seizures,” he added.

E-cigarette liquids contain high concentrations of the nicotine. If swallowed, they can be poisonous, often causing nausea, sweating, dizziness and tremors, according to the National Capital Poison Center. In severe cases, nicotine poisoning can cause seizures or even death.

The FDA said the evidence it has analyzed so far doesn’t establish a clear pattern or cause for the cases. It also said the additional reports “do not necessarily indicate an increase in frequency or prevalence” of seizures among people who vape.

Former FDA Commissioner Scott Gottlieb told CNBC it was expected the FDA’s initial announcement would garner more reports, “but 92 additional reports over that short period of a time is concerning.”

-CNBC’s Aditi Roy contributed to this report

Disclosure: Scott Gottlieb is a CNBC contributor.


Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: angelica lavito
Keywords: news, cnbc, companies, vapor, scott, agency, fda, cases, 127, nicotine, public, investigating, announced, reports, seizures, vaping


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Senate passes 2-year budget deal, sending bill to Trump

The Senate on Thursday passed a bill to increase the U.S. budget and lift the debt ceiling for the next two years. The spending deal now heads to the Oval Office to be signed by President Donald Trump. The bill passed the House last week despite weak support from Republicans, even after Trump urged them to vote for the deal. Meanwhile, total U.S. government debt now tops $22 trillion, and the White House Office of Management and Budget projects a $1 trillion deficit for 2019. The deal was expect


The Senate on Thursday passed a bill to increase the U.S. budget and lift the debt ceiling for the next two years. The spending deal now heads to the Oval Office to be signed by President Donald Trump. The bill passed the House last week despite weak support from Republicans, even after Trump urged them to vote for the deal. Meanwhile, total U.S. government debt now tops $22 trillion, and the White House Office of Management and Budget projects a $1 trillion deficit for 2019. The deal was expect
Senate passes 2-year budget deal, sending bill to Trump Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: kevin breuninger
Keywords: news, cnbc, companies, trillion, deal, scott, spending, house, white, passes, budget, vote, 2year, bill, passed, trump, sending, senate


Senate passes 2-year budget deal, sending bill to Trump

The Senate on Thursday passed a bill to increase the U.S. budget and lift the debt ceiling for the next two years. The spending deal now heads to the Oval Office to be signed by President Donald Trump.

The legislation passed 67-28, with 23 Republicans and five Democrats voting against the bill. Its passage in Congress — shortly before senators leave Capitol Hill for the August recess — will push off the threat of a financial crisis and automatic spending cuts that were set to kick in.

The bill passed the House last week despite weak support from Republicans, even after Trump urged them to vote for the deal.

Conservative lawmakers and advocates have griped that the deal, which was hashed out in July between the White House and congressional leaders of both parties, doesn’t take steps to curb spending or shrink ballooning U.S. deficits.

Rather, the bill raises spending by hundreds of billions of dollars, setting discretionary spending at about $1.37 trillion in fiscal 2020 and even higher in 2021.

Meanwhile, total U.S. government debt now tops $22 trillion, and the White House Office of Management and Budget projects a $1 trillion deficit for 2019.

“There’s a day of reckoning with this,” Sen. Rick Scott, R-Fla., said on Fox News ahead of the vote. The deal was expected to reach the 60-vote threshold required to pass in the Senate. Scott voted against the bill.


Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: kevin breuninger
Keywords: news, cnbc, companies, trillion, deal, scott, spending, house, white, passes, budget, vote, 2year, bill, passed, trump, sending, senate


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Barclays, JP Morgan among banks facing UK class action over currency-rigging

Barclays, JP Morgan, RBS, UBS and Citigroup are being sued by investors over allegations they rigged the global foreign exchange market, in a test of U.S.-style class actions in Britain. The claim, estimated to be worth more than 1 billion pounds ($1.24 billion), was filed at the Competition Appeal Tribunal (CAT) on Monday, U.S. law firm Scott & Scott said. Litigators have long hoped to replicate in Britain the success of U.S. class action claims against banks, including Goldman Sachs, HSBC and


Barclays, JP Morgan, RBS, UBS and Citigroup are being sued by investors over allegations they rigged the global foreign exchange market, in a test of U.S.-style class actions in Britain. The claim, estimated to be worth more than 1 billion pounds ($1.24 billion), was filed at the Competition Appeal Tribunal (CAT) on Monday, U.S. law firm Scott & Scott said. Litigators have long hoped to replicate in Britain the success of U.S. class action claims against banks, including Goldman Sachs, HSBC and
Barclays, JP Morgan among banks facing UK class action over currency-rigging Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-29
Keywords: news, cnbc, companies, jp, ubs, morgan, facing, uk, class, banks, action, forex, barclays, traders, total, value, scott, ohiggins, billion, currencyrigging


Barclays, JP Morgan among banks facing UK class action over currency-rigging

Barclays, JP Morgan, RBS, UBS and Citigroup are being sued by investors over allegations they rigged the global foreign exchange market, in a test of U.S.-style class actions in Britain.

The claim, estimated to be worth more than 1 billion pounds ($1.24 billion), was filed at the Competition Appeal Tribunal (CAT) on Monday, U.S. law firm Scott & Scott said.

JP Morgan, RBS and UBS declined to comment. Barclays and Citigroup did not immediately respond to requests for comment.

Some of the world’s biggest investment banks have already paid more than a combined $11 billion in fines to settle U.S., British and European regulatory allegations that traders rigged the currency markets.

Litigators have long hoped to replicate in Britain the success of U.S. class action claims against banks, including Goldman Sachs, HSBC and Barclays, that have resulted $2.3 billion in settlements for big investors.

In May, the European Union fined five banks a combined 1.07 billion euros ($1.19 billion) for forex rigging through cartels of traders known as “Essex Express” and “Three Way Banana Split”.

The lawsuit is being led by Michael O’Higgins, the former chairman of British watchdog the Pensions Regulator, and is being funded by litigation finance group Therium.

O’Higgins told Reuters the total value of the claim would depend on the number of forex trades executed in London for UK-domiciled units – which will be automatically included in the action – and the proportional impact of rate rigging on these.

Given the size of London’s forex market, O’Higgins said the total value would likely exceed a billion pounds.

“Even on a relatively conservative assumption it’s certainly a billion pounds and possibly several,” O’Higgins said.

“Markets should be fair as well as free and in this case the markets weren’t fair.”


Company: cnbc, Activity: cnbc, Date: 2019-07-29
Keywords: news, cnbc, companies, jp, ubs, morgan, facing, uk, class, banks, action, forex, barclays, traders, total, value, scott, ohiggins, billion, currencyrigging


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Scott Minerd says there have been talks about him joining the Fed

The chief investment officer of Guggenheim said on CNBC on Monday that he had been approached by the White House about possibly joining the Federal Reserve. Minerd said on “Halftime Report ” that he had not been officially asked to join the Fed, but “there have been discussions.” “It would be a great opportunity to serve the Federal Reserve,” he explained. The president said earlier this month that he would nominate Waller and Shelton, who was an economic advisor to Trump’s 2016 campaign, to tak


The chief investment officer of Guggenheim said on CNBC on Monday that he had been approached by the White House about possibly joining the Federal Reserve. Minerd said on “Halftime Report ” that he had not been officially asked to join the Fed, but “there have been discussions.” “It would be a great opportunity to serve the Federal Reserve,” he explained. The president said earlier this month that he would nominate Waller and Shelton, who was an economic advisor to Trump’s 2016 campaign, to tak
Scott Minerd says there have been talks about him joining the Fed Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: jesse pound, leslie josephs
Keywords: news, cnbc, companies, waller, scott, white, minerd, fed, guggenheim, federal, seats, report, shelton, reserve, sort, joining, talks


Scott Minerd says there have been talks about him joining the Fed

The chief investment officer of Guggenheim said on CNBC on Monday that he had been approached by the White House about possibly joining the Federal Reserve.

Guggenheim’s Scott Minerd said that discussions took place over the past couple of months before President Donald Trump announced his intention to nominate former advisor Judy Shelton and St. Louis Fed official Christopher Waller to fill vacant seats on the Federal Reserve Board of Governors.

Minerd said on “Halftime Report ” that he had not been officially asked to join the Fed, but “there have been discussions.”

The White House was not immediately available to respond to CNBC’s request for comment.

Meanwhile, Minerd said he would not necessarily accept the job if it were offered. “It would be a great opportunity to serve the Federal Reserve,” he explained. “Obviously, if that were ever to be presented to me I’ve got other things to weigh.”

“I am one of the largest shareholders of Guggenheim Partners,” he continued. “The importance of our continued growth is going to weigh in that decision.” Guggenheim has $265 billion worth of assets under management.

The president said earlier this month that he would nominate Waller and Shelton, who was an economic advisor to Trump’s 2016 campaign, to take the Fed open seats. Economics writer Stephen Moore and businessman Herman Cain were floated as potential nominees earlier this year, but they were met with widespread criticism and bowed out of consideration.

Minerd said the Fed has “kind of hit the panic button” and cautioned against aggressively cutting rates. “I would be very slow to embrace the sort of whole-hearted jump to sort of locking us in to a rate cut path. Perhaps one rate reduction would be appropriate as an insurance policy to make sure we keep the expansion going, but I think the rhetoric is stronger than that.”

— CNBC’s Tom Franck and Fred Imbert contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: jesse pound, leslie josephs
Keywords: news, cnbc, companies, waller, scott, white, minerd, fed, guggenheim, federal, seats, report, shelton, reserve, sort, joining, talks


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S&P 500 could rise 15% in the second half: Guggenheim’s Scott Minerd

The global chief investment officer at Guggenheim said Monday that he thinks the S&P 500 could rise 15% and approach 3,500 before the end of year, comparing the current market environment to a 1998 rally amid interest rate cuts. And the central banks around the world have basically signaled that they are going to step on the accelerator,” Minerd said. The S&P 500 gained 17% in the first six months of this year, the best first half for the index since 1997. Minerd compared current market conditio


The global chief investment officer at Guggenheim said Monday that he thinks the S&P 500 could rise 15% and approach 3,500 before the end of year, comparing the current market environment to a 1998 rally amid interest rate cuts. And the central banks around the world have basically signaled that they are going to step on the accelerator,” Minerd said. The S&P 500 gained 17% in the first six months of this year, the best first half for the index since 1997. Minerd compared current market conditio
S&P 500 could rise 15% in the second half: Guggenheim’s Scott Minerd Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: jesse pound
Keywords: news, cnbc, companies, months, world, rates, scott, rise, minerd, 15, half, sp, stocks, 500, 1998, end, guggenheims, second, youre


S&P 500 could rise 15% in the second half: Guggenheim's Scott Minerd

The global chief investment officer at Guggenheim said Monday that he thinks the S&P 500 could rise 15% and approach 3,500 before the end of year, comparing the current market environment to a 1998 rally amid interest rate cuts.

Scott Minerd said on CNBC’s “Halftime Report ” that the easier monetary policy from the Federal Reserve and central banks around the world would boost stocks before the end of the year.

“This rally — whether you’re looking at bonds, you’re looking at stocks, high yield, pick whatever you want — is all being driven by liquidity. And the central banks around the world have basically signaled that they are going to step on the accelerator,” Minerd said.

The S&P 500 gained 17% in the first six months of this year, the best first half for the index since 1997. However, the Fed is widely expected to cut interest rates at the end of the month, as domestic inflation and wage growth have not accelerated in recent months and international economic growth has slowed.

Minerd compared current market conditions to 1998, when the Fed cut rates in three consecutive months amid concerns about an economic crisis in Asia. The S&P 500 rose more than 28% in the last four months of that year.

“All you have to do is look at a replay of the post-Asia crisis back in 1998, and you get stocks at the kinds of levels that I’m talking about,” Minerd said.


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: jesse pound
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Former GOP Rep. Scott Taylor will challenge Virginia Sen. Mark Warner in 2020

Rep. Scott Taylor, R-Va., talks with reporters in the Capitol after a meeting of the House Republican Conference on March 06, 2018. Former Republican Rep. Scott Taylor will try to take down Democratic Sen. Mark Warner in Virginia next year. Meanwhile, Democrats unseated three House Republicans from Virginia — including Taylor — on their way to taking control of the chamber. In a statement Monday, Warner campaign manager Bruce Sinclair said, “We welcome Scott Taylor to the race and wish him the b


Rep. Scott Taylor, R-Va., talks with reporters in the Capitol after a meeting of the House Republican Conference on March 06, 2018. Former Republican Rep. Scott Taylor will try to take down Democratic Sen. Mark Warner in Virginia next year. Meanwhile, Democrats unseated three House Republicans from Virginia — including Taylor — on their way to taking control of the chamber. In a statement Monday, Warner campaign manager Bruce Sinclair said, “We welcome Scott Taylor to the race and wish him the b
Former GOP Rep. Scott Taylor will challenge Virginia Sen. Mark Warner in 2020 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: jacob pramuk
Keywords: news, cnbc, companies, scott, warner, campaign, race, senate, virginia, taylor, sen, gop, republicans, mark, challenge, 2020, republican, rep


Former GOP Rep. Scott Taylor will challenge Virginia Sen. Mark Warner in 2020

Rep. Scott Taylor, R-Va., talks with reporters in the Capitol after a meeting of the House Republican Conference on March 06, 2018.

Former Republican Rep. Scott Taylor will try to take down Democratic Sen. Mark Warner in Virginia next year.

The ex-congressman and Navy Seal announced his plan to challenge Warner on Monday morning. Taylor faces a difficult task in attempting to unseat the two-term senator in a state that has tilted blue in recent elections.

In an interview Monday on the Fox News program “Fox & Friends,” Taylor contended Warner has little to show for nearly a dozen years in the Senate. He also criticized the senator — the top Democrat on the chamber’s Intelligence Committee — for his role in the Senate panel’s probe into Russian interference in the 2016 election and whether the Trump campaign colluded with Moscow.

“It’s going to be tight,” Taylor told Fox about the race. “There’s no question, we are underdogs.”

A handful of 2020 races will help to determine whether Republicans can keep their 53-47 advantage in the Senate. A close contest in Virginia would bode poorly for Democrats, as election forecasters consider Warner safer next year than several of his Democratic colleagues.

Taylor’s fate could depend in part on whether President Donald Trump makes Virginia competitive. Democrat Hillary Clinton carried the state by about 5 percentage points in 2016.

In last year’s midterms, Democratic Sen. Tim Kaine won by more than 15 percentage points. Meanwhile, Democrats unseated three House Republicans from Virginia — including Taylor — on their way to taking control of the chamber. Rep. Elaine Luria beat the former congressman by about 2 percentage points in Virginia’s 2nd District.

In a statement Monday, Warner campaign manager Bruce Sinclair said, “We welcome Scott Taylor to the race and wish him the best of luck in the Republican primary.”

Taylor enters the race at a cash disadvantage. The Warner campaign said it raised $1.8 million in the second quarter and ended June with $5.4 million on hand.

The former one-term congressman will likely make Warner’s role in the Senate Intelligence Committee’s Russia probe a major part of his campaign. Republicans running for Congress during Trump’s tenure have stressed their allegiance to the president — particularly in primary races.

Trump has publicly targeted Warner several times as he maintains he did not coordinate with Russia or try to obstruct special counsel Robert Mueller’s investigation into Russian meddling in the 2016 election. In a May tweet, the president argued Warner “is acting and talking like he is in total control of the Senate Intelligence Committee.” He claimed there is “nothing bipartisan about [Warner].”

Warner has advocated for tighter regulations on social media companies, both in the information they disclose about campaign ads and the data they gather about consumers.

A cloud from Taylor’s last campaign could hang over him this time. A former 2016 campaign staff member was charged in May with submitting forged petition signatures for an independent candidate who could have taken votes away from Luria.

In a statement at the time, Taylor said he “knew nothing about any illegal actions that transpired.”

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Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: jacob pramuk
Keywords: news, cnbc, companies, scott, warner, campaign, race, senate, virginia, taylor, sen, gop, republicans, mark, challenge, 2020, republican, rep


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Taylor Swift’s attorney responds to Scott Borchetta

Taylor Swift’s lawyer denies she was given an opportunity to buy back her masters from Big Machine Label Group, as music industry executive Scott Borchetta has claimed. The public feud, which led to the hashtag trending on Twitter, began Sunday when Scooter Braun’s company, Ithaca Holdings, announced it will acquire Borchetta’s Big Machine Label Group. “I walked away because I knew once I signed that contract, Scott Borchetta would sell the label, thereby selling me and my future. In response to


Taylor Swift’s lawyer denies she was given an opportunity to buy back her masters from Big Machine Label Group, as music industry executive Scott Borchetta has claimed. The public feud, which led to the hashtag trending on Twitter, began Sunday when Scooter Braun’s company, Ithaca Holdings, announced it will acquire Borchetta’s Big Machine Label Group. “I walked away because I knew once I signed that contract, Scott Borchetta would sell the label, thereby selling me and my future. In response to
Taylor Swift’s attorney responds to Scott Borchetta Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-03  Authors: mallika mitra
Keywords: news, cnbc, companies, post, attorney, machine, wrote, west, swifts, swift, scott, bieber, responds, instagram, taylor, big, borchetta, label


Taylor Swift's attorney responds to Scott Borchetta

Taylor Swift’s lawyer denies she was given an opportunity to buy back her masters from Big Machine Label Group, as music industry executive Scott Borchetta has claimed.

The public feud, which led to the hashtag trending on Twitter, began Sunday when Scooter Braun’s company, Ithaca Holdings, announced it will acquire Borchetta’s Big Machine Label Group. Swift began her career at the label, where she remained until she signed with Universal Music Group in November 2018.

After the acquisition was announced, Swift took to Tumblr, calling the acquisition — which includes the handing over of her first six albums — her “worst case scenario.”

“For years I asked, pleaded for a chance to own my work. Instead I was given an opportunity to sign back up to Big Machine Records and ‘earn’ one album back at a time, one for every new one I turned in,” Swift wrote. “I walked away because I knew once I signed that contract, Scott Borchetta would sell the label, thereby selling me and my future. I had to make the excruciating choice to leave behind my past.”

Swift said she heard about the acquisition when it was publicly announced Sunday and that all she could think about was the “manipulative bullying” she said she has faced at Braun’s hands.

She also claimed Braun “got his two clients together to bully me online,” referring to an Instagram post singer Justin Bieber posted of him on video chat with Braun and Kanye West with the caption: “Taylor swift what up” (the caption has since been deleted). Bieber is Braun’s client and West is a former client. Bieber recently took to Instagram again to defend Braun, with a photo of him and Swift and a caption that includes an apology for the original Instagram post and a defense of Braun.

“He didnt have anything to do with it and it wasnt even a part of the conversation in all actuality he was the person who told me not to joke like that,” Bieber wrote about the Instagram post, which came after Kim Kardashian West released footage on Snapchat of her husband Kanye West calling Swift to ask about including Swift in his lyrics for the song “Famous,” which Swift had previously denied he had done. Representatives for Bieber did not immediately respond to a request for comment.

In response to Swift’s Tumblr post, Borchetta published a post on Big Machine’s website titled “So, It’s Time For Some Truth… ” which refutes Swift’s accusations that Big Machine offered her the chance to purchase her masters back “one album back at a time.”

“As you will read, 100% of all Taylor Swift assets were to be transferred to her immediately upon signing the new agreement,” Borchetta wrote. “We were working together on a new type of deal for our new streaming world that was not necessarily tied to ‘albums’ but more of a length of time.”


Company: cnbc, Activity: cnbc, Date: 2019-07-03  Authors: mallika mitra
Keywords: news, cnbc, companies, post, attorney, machine, wrote, west, swifts, swift, scott, bieber, responds, instagram, taylor, big, borchetta, label


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