Tax cuts may reduce gas, electric bills in Michigan, regulators say:
"LANSING, Mich. — Michigan regulators are ordering 13 utilities to study the impact of new federal tax cuts and how savings will be passed along to consumers through lower electric and gas bills.
The order was issued Wednesday during a special meeting called by the Michigan Public Service Commission.
...Commissioner Rachael Eubanks says utilities will likely see a "significant" reduction in federal taxes, and their response to the state will "provide broader input regarding the appropriate avenue for how to extend benefits to customers."...
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Three Huge, Totally Unexpected Surprises to Look for in 2018
Check Washington's conventional political wisdom — then look the other way to see where U.S. is headed in next 12 months
Here are three leading examples of the conventional wisdom among Washington’s political experts about what will happen in 2018:
- Democrats will ride a “blue wave” of congressional campaign victories to retake control of Congress, gaining majorities in the Senate and the House of Representatives.
- Only the richest Americans will benefit economically from passage of President Donald Trump’s tax cuts, as the stall in middle-class prosperity continues.
- Special counsel Robert Mueller will indict a host of former Trump campaign and administration figures — then the chief executive himself will be impeached and convicted by the blue wave Democratic majority in Congress.
Now here’s what will actually happen next year..."
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