Political News and Conservative Analysis About Congress, the President, and the Federal Government
has said he will block the deal. Here are three reasons why Biden’s opposition is based in politics, not reality.economic agenda. Despite U.S. Steel’s financial woes, Nippon wants to pay a premium for the company because the Trump tax cuts incentivized foreign direct investment. The former presidentthe Trump Tax Cuts and Jobs Act and raise the corporate tax rate to 28%. Admitting that the Trump tax cuts encouraged Nippon to invest in U.S.
Third, Biden’s opposition to the Nippon deal allows him to prop up his campaign trail image as the biggest trust-buster since Teddy Roosevelt. In April, the Department of Justice an antitrust probe into the Nippon deal. Ironically, blocking the Nippon deal would create more antitrust concerns than it would solve.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shareholders warn Nippon Steel faces higher decarbonisation costs with U.S. Steel takeoverShareholders warn Nippon Steel faces higher decarbonisation costs with U.S. Steel takeover
Read more »
Conservatives cheer benefits of Nippon Steel’s takeover of US SteelPolitical News and Conservative Analysis About Congress, the President, and the Federal Government
Read more »
Why the steelworkers’ union might crush Nippon’s bid for U.S. SteelJapanese company could escape no-layoff promise, according to private correspondence with union.
Read more »
Low-Carbon Steel: Volkswagen AG & Vulcan Green Steel Enter Into PartnershipClean Tech News & Views: EVs, Solar Energy, Batteries
Read more »
Team develops predictive tool for designing complex metal alloys that can withstand extreme environmentsCooks love stainless steel for its durability, rust resistance and even cooking when heated. But few know the secret that makes stainless steel so popular. It's the metal chromium in stainless steel, which reacts with oxygen in the air to form a stable and protective thin coating for protecting the steel underneath.
Read more »
The Bidens Can’t Let GoBenjamin Wallace-Wells writes that Joe Biden’s family has defended him by invoking his past. But these arguments aren’t landing, since the case against his Presidency is that he isn’t even capable of leading as he could twelve months ago.
Read more »