As it investigates a third-party manufacturer that makes Honey Smacks, Kellogg is recalling the cereal for a possible salmonella outbreak.
STEVE: THIS SAYS IT ALL: The Trump tax cuts slashed the corporate tax rate from 35% to 21%, which has pushed taxes paid by businesses to record lows. Federal revenue from business taxes in fiscal 2018, which ended in September, plummeted by 31%. Taxes paid by individuals, however, rose by 6.1%. Corporate profits, meanwhile, are up 15.4% this year. Average incomes are up by just 2.8%. And the annual deficit jumped 17%, to $779 billion, and is probably headed past $1 trillion for fiscal 2019. You can kinda understand why voters are skeptical.