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US, April 25, 2017: President Donald Trump is set to unveil “the biggest tax cut and the largest tax reform” in the country’s history, Treasury Secretary Steven Mnuchin said Wednesday.
The Treasury chief said it would cut the corporate tax rate from 35 percent, the highest in the industrialized world, to 15 percent for all businesses. White House aides said the top individual tax rate of 39.6 percent would be trimmed by a few percentage points.
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Mnuchin said the Trump administration hopes to simplify an annual rite in the U.S. when citizens file their tax returns in the early months of each year to account for the taxes they owe based on the income they earned the previous year.
Mnuchin said the “objective is simplifying personal taxes. For most Americans, we think they should be able to do their taxes on a large postcard,” instead of the voluminous pages of forms many taxpayers now face.
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Congress is expected to closely scrutinize Trump’s plan to sharply cut corporate taxes, which some analysts say could over the next decade add $2 trillion to the nearly $20 trillion in long-term debt the U.S. has already amassed.
Some Republicans have expressed concerns the Trump plan does not call for adding any new revenue-producing measures that would offset the lost revenue with the tax cuts.
During his campaign for the White House, Trump attacked his predecessor, former President Barack Obama, for massive annual deficit spending that added to the national debt, but now seems unconcerned about it. Mnuchin told reporters this week that “tax reform will pay for itself with economic growth” that would boost tax revenues, a proposition that many economists reject.
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Congress is likely to debate the Trump plan for months, but Trump gained one quick ally for the coming legislative fight over U.S. tax policy. The leader of the Republican-controlled House of Representatives, Speaker Paul Ryan, voiced support for much of the president’s proposal.
“We like it a lot, it puts us on the same page, we’re in agreement on 80 percent, and on the 20 percent we’re in the same ballpark,” said Ryan.
Mnuchin said the corporate tax cuts are aimed at sparking sustained 3 percent economic growth in the U.S., a figure well above last year’s tepid 1.6-percent advance. The U.S. has not recorded 3 percent annual growth since 2005, even as it recovered from the depths of the steep recession in 2008 and 2009.
White House spokesman Sean Spicer said Tuesday the U.S. has been “uncompetitive” against other countries in attracting new businesses, “largely because of our rates.”
U.S. lawmakers have for years vowed to adopt broad tax reforms, but the efforts have foundered amid competing demands to eliminate tax breaks for some corporate and individual interests and raise taxes on others. Many of Trump’s Republican colleagues in Congress have their own ideas on how the labyrinth U.S. tax code ought to be reshaped.
Tax experts say the 35 percent U.S. corporate tax rate is the highest among the world’s 35 industrialized nations, although U.S. corporations rarely pay that much because they are permitted to deduct their business expenses from their revenues before. A number of profitable companies pay no U.S. income taxes.
When the 35-percent rate is added to the average state corporate tax rate, the figure reaches 38.9 percent, which ranks third in the world among 188 countries surveyed by the Washington-based Tax Foundation. The U.S. figure trails only that of the United Arab Emirates at 55 percent and the U.S. territory of Puerto Rico at 39 percent. (VOA)
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Require a Wig
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In today's society, the wearing of a hair wig has become more common. A hair wig is an easy method to alter your appearance at any time you wish quickly. Women are more drawn to these wigs since they can change their hairstyle with ease. Wigs are usually worn by those who have shed their hair or those who wish to alter their hairstyle to be fashionable.
Human hair wigs on display at a store Image source: Photo by Markus Spiske on Unsplash
There is a variety of hair accessories in the market. They range from inexpensive to costly depending on their materials, style, and quality. If you're in search of a wig, then be sure to keep several factors in mind. First, the wig should be able to fit comfortably on your hair without making you appear odd. Additionally, the color of hair that is a part of the wig must match your physical appearance. Below are various hair accessories utilized by the majority of people.
If you are purchasing a human hair wig, make sure you know the origin of the hair. If you're looking to invest a few hundreds of dollars on a wig, it's recommended to purchase one of European hair. However, if the wig's label reads "human hair wig" without stating the origin for the hair, it's most likely made of Asian hair.
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Human hair wigs have many advantages:
Human hair wigs last longer than synthetic ones
Human hair is soft and natural to the touch.
Human hair wigs can be dyed and styled as your hair
Human hair wigs "breathes" and your scalp won't sweat more than it does under one
Human hair wigs need to be styled at least once per wash
Human hair wigs are costly
While you can find numerous styles of synthetic wigs, but there aren't all fibers produced in the same way; for example, wigs that are costume-related for Halloween are typically made of lower quality fibers, which are expensive and appear to be the hair wig. For Halloween parties, this is okay, but for everyday use, you'll need a wig that looks like it's been growing around your head. On the other hand, contemporary synthetic materials utilized in top-quality designer wigs look highly practical for those who want to look realistic.
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The prestigious British-based, Booker Prize, is one of the most prestigious and acclaimed awards given annually to the best work of fiction. This award is given to a work of fiction which is primarily written in English language and published in the United Kingdom or Ireland by the writers of any nationality.
This year, six authors were nominated for their work of fiction, and the winner will be announced on the 3rd of November.
The books which were shortlisted for the prestigious Booker Prize 2021 are:
1. The Fortune Men by Nadifa Mohamed
British-Somali writer, Nadifa Mohamed's novel, 'The Fortune Men', is a chilling reimagining of Mahmood Mattan's story. Mattan, who is the main character in the book, was a Somali seaman who was wrongfully imprisoned and executed for a murder in Wales.
2. Bewilderment by Richard Powers
Pulitzer-winner, Richard Powers' book is a story of a young astrobiologist, who is in search of finding life on other planets, and his troubled son, Robin. The book is a mixture of sci-fi and family romance. Interestingly, this is Powers' first book after winning the Pulitzer Prize in the year 2019.
3. Great Circle by Maggie Shipstead
This book is about the lives of pilot Marian Graves and Hadley Baxter, who was a troubled Hollywood actress. In the 1950s, Marian embarked on a journey to travel the world but then disappeared without a trace. Fifty years later, Hadley is drawn to play Marian's character, which indirectly leads her to probe the mysteries of the latter's life.
4. No One is Talking About This by Patricia Lockdwood
This is the first book by the American poet and memoirist. " 'No One Is Talking About This' is like a love letter to the endless scroll and a profound, modern meditation on love, language, and human connection from a singular voice in American literature," reads the book's blurb. This book was also one of the finalists for this year's Women's Prize for Fiction.
5. A Passage North by Anuk Arudpragasam
The Sri Lankan author's book tells the story of a young man who travels to Sri Lanka's war-torn North. The story deals with the themes of loss, longing, the legacy of war, and how it affects everyone. The author had earlier won the DSC Prize for his debut book "The Story of a Brief Marriage".
6. The Promise by Damon Galgut
Damon Galgut is a South African author. In this book, the author pens down the story about a white South African family living around in Pretoria, and the crisis they face during the last few years because of apartheid.
Today, 17 September,marks the 133rd birth anniversary of Michiyo Tsujimura, who was a Japanese scientist, and worked extensively on decoding the nutritional value of green tea.
Tsujimura spent her early career as a science teacher. And, in 1920, she chased her dream of becoming a scientific researcher at the Hokkaido Imperial University, where she began to analyse the nutritional properties of Japanese silkworms, in which she was very much interested.
After a few years, Tsujimura transferred to the Tokyo Imperial University, and began researching the biochemistry of green tea alongside Dr. Umetaro Suzuki, who is well known for his discovery of vitamin B1.
In their joint research in this area, it was revealed that green tea contained significant amount of vitamin C, which is the first of many, yet unknown molecular compounds in green tea.
Later on, in 1929, Tsujimura isolated catechin, which is bitter ingredient of tea. Then, the next year, she isolated tannin, which is an even more bitter compound. All these findings formed the foundation for her doctoral thesis– "On the Chemical Components of Green Tea", and through all this hard work, she graduated as Japan's first woman doctor of agriculture in the year 1932.
Moreover, Tsujimura also made history as an educator when she became the first ever Dean of the Faculty of Home Economics at the Tokyo Women's Higher Normal School in the year 1950.
Even today, a stone memorial in honor of Dr. Michiyo Tsujimura’s achievements can be found in her birthplace of Okegawa City.