Tags: California

Dear lawmakers: Border-adjustable tax can’t shrink trade deficit while producing trillions in revenue

Lawmakers who back a border adjustable tax make two fundamental arguments: The new levy will raise massive amounts of revenue to help pay for business rate tax cuts and it will give a powerful jolt to US based manufacturers and jobs by boosting exports and trimming imports. But there is a huge problem with these…

Long road ahead as TikTok selects Oracle to be US partner

Oracle said Monday that the Chinese owner of TikTok has picked the American company to be its “trusted technology provider,” beating out rival Microsoft in a deal that could help keep the popular video-sharing app running in the United States. Oracle spokeswoman Deborah Hellinger said she was confirming remarks made by U.S. Treasury Secretary Steven…