President Donald Trump's tax law, signed in December, has saved the nation's six largest banks $3.6 billion in taxes in the last quarter, according to estimates from The Associated Press. Before the tax cuts, the banks paid roughly 30% of their income in corporate taxes but expect to pay close to 20% in 2018.
French President Emmanuel Macron arrived in Washington on Monday, the guest of Trump's first state dinner this evening. At the White House today, the two are expected to discuss a range of issues underlying their friendship, including trade, Iran, Syria, Russia and counterterrorism.
In a congressional district Donald Trump carried by 21 points in 2016, Democrats are hoping a better-than-usual result by candidate Hiral Tipirneni versus Republican Debbie Lesko will be a sign of major election victories in November. The seat representing Arizona's 8th Congressional District was vacated by Republican Trent Franks in December.
First lady Melania Trump's advice to the East Wing staff is "do not worry," as they plan the president's first state dinner with French President Emmanuel Macron. The dinner will include cherry blossom decor, gold-trimmed china and a performance by the Washington National Opera.
Short-term rental ordinances enforced by Texas cities have become the subject of multiple legal challenges. Earlier this year, the state Supreme Court heard a case questioning how short-term rentals should be classified -- residential or business -- in terms of HOA deed restrictions.
State laws govern procedures and the documentation required for HOA elections, and co-op and condo boards have a fiduciary responsibility to the association to hold a fair election, Ruth Ingoldsby of Vote HOA Now says. To keep elections honest, boards may opt to hire a tabulation company to administer an election.
Critics are citing protections against construction defects that favor condo associations as a culprit in the slow pace of condominium construction in Washington state, despite the need for affordable housing. In addition, condo associations have priority status in foreclosure proceedings, making banks skittish.
CAMICB will again offer free, professional headshot photos at the CAI National Conference May 9-11 in Washington, D.C. Managers and chapter executive directors alike are encouraged to stop by for a professional photo ... on us! Follow us on FaceBook for the full schedule and details.
Bloomberg Philanthropies has pledged $4.5 million to the United Nations Framework Convention on Climate Change to offset US funding cuts. The nonprofit said it would donate additional funds in the future, depending on the 2019 US contributions.
Nonprofit Epic uses the "sharing pledge" to encourage startups to prioritize charitable giving from early in their operations. Participating founders pledge a percentage of their shares and participating venture capitalists pledge part of their carried interest/management fees.
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