An inflation adjustment written into last year's tax law will reduce the benefits of the Trump administration's tax cuts by allowing the IRS to gradually collect more from taxpayers. The standard deduction and tax brackets will rise in response to inflation more slowly, a change that will cost taxpayers $133.5 billion over 10 years, according to Congress's Joint Committee on Taxation.
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Libor is likely to be discontinued, and other benchmarks are available, but Libor alternatives aren't being written into financial contracts. Banks say there is too much uncertainty to reference alternative benchmarks, despite regulators' frustration the process is moving slowly.
Tomorrow's leaders may never reach that designation if we don't allow some leeway for communication that comes across as overly enthusiastic or candid, writes Karin Hurt. "We don't just need more people speaking up, we need to help our emerging leaders speak up in a way that can be heard so their ideas can add the most value," she writes.
Politics and the #MeToo movement contributed to the reasons Oxford Dictionaries designated "toxic" as the official word of 2018. "Data from Oxford Dictionaries show a 45 percent increase in the number of times people have looked up the word on its website," writes Elizabeth Schulze.