“With this plan, we are making pro-growth reforms, so that yes, America can compete with the rest of the world,” said Speaker Paul D. Ryan of Wisconsin. The bill is heavily weighted toward business, which would receive about $1 trillion in net cuts, or two-thirds of the total, according to calculations by the Joint Committee on Taxation. At its center is a proposal to permanently cut the corporate tax rate to 20 percent from 35 percent — a change that is estimated to reduce federal revenues by $1.5 trillion over the next decade alone.
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Saudi Arabia announced the arrest on Saturday night of the prominent billionaire investor Prince Alwaleed bin Talal,…. one of the world’s richest men, owning or having owned major stakes in News Corp, Citigroup, Apple, Twitter and many other well-known companies.
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The rest of the story is left as an exercise for the reader ….