Democrats change some tax provisions while preparing the income statement

Democrats change some tax provisions while preparing the income statement

WASHINGTON (AP) – Democrats reduced part of their minimum corporate tax proposal and made other changes to their gigantic income statement, Senate Majority Leader Chuck Schumer said Friday, as they drove President Joe Biden’s election season victory on his national agenda. In an unusual peek at closed-door bargaining, Schumer, DNY, said Democrats dropped a proposed … Read more

The Democrats say they have reached an agreement on the economic package

The Democrats say they have reached an agreement on the economic package

WASHINGTON (AP) – Senate Democrats agreed on 11th hour changes to their core economic legislation, they announced Thursday at the end, removing the main obstacle to pushing one of President Joe Biden’s key election year priorities. through the chamber in the next few days. Senator Kyrsten Sinema, D-Ariz., A centrist seen as the pivotal vote … Read more

The Democrats say they have reached an agreement on the economic package

The Democrats say they have reached an agreement on the economic package

WASHINGTON (AP) – Senate Democrats agreed on 11th hour changes to their core economic legislation, they announced Thursday at the end, removing the main obstacle to pushing one of President Joe Biden’s key election year priorities. through the chamber in the next few days. Senator Kyrsten Sinema, D-Ariz., A centrist seen as the pivotal vote … Read more

Lawyers: the Senate bill means environmental health, even harm

Lawyers: the Senate bill means environmental health, even harm

Billions of dollars in climate and environmental investments could flow to US communities that have been plagued by pollution and climate threats for decades if the proposed inflation reduction law becomes law. The bill, announced by senses Chuck Schumer and Joe Manchin last month, could also kick-start the transition to clean energy in regions still … Read more

7 changes Americans are willing to make to fix social security

7 changes Americans are willing to make to fix social security

zimmytws | iStock | Getty Images There are only 13 years before Social Security may not be able to pay all the benefits, according to a recent annual report by the program administrators. In 2035, only 80% of the benefits will be paid if Congress does not terminate the program first. Supporting the program will … Read more

2020 has changed the economy in ways we can’t yet understand

2020 has changed the economy in ways we can’t yet understand

In an earnings call Wednesday morning, Yum Brands CEO David Gibbs expressed the confusion many people feel as they try to understand what’s happening with the US economy right now: “This is truly one of the most complex environments we have ever seen in our industry operating. Because we don’t just deal with economic issues … Read more

New cryptocurrency oversight legislation comes as the industry shakes

New cryptocurrency oversight legislation comes as the industry shakes

WASHINGTON (AP) – After 13 years, at least three crashes, dozens of scams and Ponzi schemes and hundreds of billions of dollars made and evaporated, cryptocurrencies finally have the full attention of Congress, whose legislators and lobbyists have plastered Capitol Hill with proposals on how to regulate the sector. The latest bipartisan proposal arrived on … Read more

Because US lawmakers want bitcoin and ether to be under the control of the CFTC

Because US lawmakers want bitcoin and ether to be under the control of the CFTC

WASHINGTON – Leaders of a Senate committee will propose legislation that would assign oversight of the two largest cryptocurrencies, bitcoin and ether, to the federal agency that regulates milk futures and interest rate swaps. Senate Agriculture Committee Chair Debbie Stabenow and high-ranking Republican John Boozman of Arkansas are planning to introduce a bill on August … Read more

Russia faces “economic oblivion” despite short-term resilience

Russia faces “economic oblivion” despite short-term resilience

Russian President Vladimir Putin attends a meeting with parliamentary leaders in Moscow, Russia on July 7, 2022. Aleksey Nikolskyi | Sputnik | Reuters Russia is facing long-term “economic oblivion” due to international sanctions and business flight, several economists said. Last week the International Monetary Fund updated Russia’s gross domestic product estimate for 2022 by 2.5 … Read more

Tesla Investors Urged to Vote Against Board Members, Over Shareholder Proposals by Influential Advisory Services

Tesla Investors Urged to Vote Against Board Members, Over Shareholder Proposals by Influential Advisory Services

Two prominent and influential proxy consulting firms are urging Tesla Inc. investors to vote against the re-election of two directors and recommend challenging the wishes of the company and voting on six of the eight shareholder proposals. Tesla TSLA, + 0.04% is facing several employee-related disputes and is caught in the spotlight on CEO Elon … Read more