“U.S. Senate Democrats said on Tuesday they will force a vote later this year on the U.S. Federal Communications Commission’s reversal of landmark Obama administration net neutrality rules and will try to make it a key issue in the 2018 congressional elections.”
Public trust in government…remains close to a historic low. Just 18% say they trust the federal government to do the right thing “just about always” or “most of the time” – a figure that has changed very little for more than a decade.
And while more Republicans say they trust the government today than did so during the Obama administration, just 22% of Republicans and even fewer Democrats (15%) say they trust the government at least most of the time.
Among the public overall, positive ratings for the government’s handling of ensuring access to health care have declined 20 percentage points since 2015; today, just 36% say it does a very or somewhat good job in ensuring access to health care, down from 56% two years ago.
…there is no issue, among 12 tested, on which the government’s performance ratings have improved significantly. And on 11 of the 12 issues, partisan differences in these evaluations have widened considerably.
Across all 12 issues, about two-thirds or more of the public say the government should have a major role. And on nearly all issues, positive assessments of the government’s performance lag well behind the shares who think the government should play a major role.
These one-off hits have two main causes. First, many banks carry “deferred tax assets” (DTAs) on their balance-sheets, largely past losses—a legacy, for many, of the financial crisis—carried forward to set against future taxes.
Second, cash repatriated from abroad will be taxed at 15.5%—below the main rate, giving banks an incentive to bring it home.
Regional lenders, with little business abroad, should gain more than Wall Street firms. They also have lower DTAs, meaning less pain now. But big banks, despite the chunky write-downs, should benefit too.
Today, more Americans say the 2010 health care overhaul has had a mostly positive than mostly negative effect on the country (44% versus 35%), while 14% say it has not had much effect.
Overall support for the health care law also has grown since last year. Currently, 56% of the public approves of the law while 38% disapproves, according to a new national survey by Pew Research Center, conducted Nov. 29-Dec. 4. The law drew majority approval for the first time in February, when 54% expressed support for it.
Today, about as many say its effect on them and their families has been mostly positive (28%) as say mostly negative (24%); nearly half (48%) say it has not had much personal effect.