No Offshoring Life Ring Donald Trump’s “America First” agenda is being challenged by Democrats who say it did not go far enough. The latest legislation from Democratic leaders would:
Require multinationals to pay the same tax rate on profits earned abroad as domestically.
Tax foreign profits to prevent benefits to low-tax countries.
Equalize tax rates on profits earned abroad to the tax rate on profits earned domestically.
Eliminate deductions for “global intangible low-tax income” and “foreign-derived intangible income” and applying GILTI on a per-country basis.
Repeal the 10 percent tax exemption on profits earned from certain investments overseas. ...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
