Biden Pushes for Taxpayer-Funded Abortion in Budget
President Joe Biden’s proposed federal budget throws open the door for taxpayer-funded abortion by forgoing a longstanding measure he supported as a senator.
tax
Deputy U.S Treasury chief sees G7 support for 15%-plus global minimum tax
U.S. Deputy Treasury Secretary Wally Adeyemo said he anticipates strong support from the G7 industrial democracies for the Biden Administration’s proposed 15%-plus global minimum corporate tax, which in turn should help solidify support in the U.S. Congress for domestic corporate tax legislation.
U.S. Treasury floats global corporate tax of at least 15%
The U.S. Treasury Department on Thursday offered to accept a global minimum corporate tax of at least 15% during international negotiations, a rate significantly below its proposed 21% minimum for U.S. multinational firms.
Federal Taxes, Spending and Deficit All Set Records Through April
Federal taxes, spending and the federal deficit all set records through the first seven months of fiscal 2021 (October through April), according to the Monthly Treasury Statement.
Idaho Governor Signs Bill Stopping Taxpayer Funding of Abortion
Idaho’s governor has signed a bill into law banning any state funds from going to Planned Parenthood or any other abortion provider in the state.
Biden Defends Multi-Trillion Spending, Condemns Trump
Joe Biden used his first address to Congress as the 46th U.S. president to indirectly condemn his predecessor and sell multi-trillion budget plans for social programs and U.S. infrastructure.
Biden to call for $4 trillion in new spending during joint address to Congress
President Joe Biden is expected to call for $4 trillion in new federal spending during his joint address to Congress on Wednesday evening.
Police Search Home Of Trump Attorney Rudy Giuliani
Federal investigators executed a search warrant Wednesday at the Manhattan home of former President Donald Trump’s attorney Rudy Giuliani, several sources confirmed.
Biden plans to ask Congress to pay for $1.8 trillion in new spending
President Biden plans to ask Congress to pay for the entirety of the $1.8 trillion in new spending on health care, child care and education he’ll unveil on Wednesday night, people familiar with the matter tell Axios.
Democrats are the party of the wealthy, IRS data shows
Democrats are the party of the wealthy, a flip from decades ago when it was the party of the poor and middle class.
Truth in Accounting: U.S. national debt closer to $123 trillion, nearly $796,000 per household
The U.S. national debt is closer to $123 trillion, more than four times what the Treasury Department is reporting, Chicago-based Truth in Accounting calculates in its new annual analysis of the nation’s finances.
Stocks drop after reports that Biden wants to double capital gains tax for wealthy
Stocks dropped Thursday amid reports that the Biden administration will propose a large hike of the capital gains tax in order to pay for his childcare and family spending plan.
White House backs D.C. statehood in official statement, final House vote set for this week
The White House is officially backing a congressional effort to make Washington, D.C., the country’s 51 state, saying residents of the nation’s capital not having full representation is Congress is an “affront to the democratic values.”
Ex-Vice President Walter Mondale Dies At 93
Former U.S. Vice-President Walter F. Mondale, who current President Joe Biden called his “dear friend and mentor,” has died. He passed away Monday in Minneapolis at age 93, his family said. No cause was cited.
Senate Democrats settling on 25% corporate tax rate
The universe of Democratic senators concerned about raising the corporate tax rate to 28% is broader than Sen. Joe Manchin, and the rate will likely land at 25%, parties close to the discussion tell Axios.
Top political donor who is facing jail alleges abuses in CIA
Facing 12 years in jail for fraud, a top political donor to both US parties has filed two complaints against the CIA alleging that he saw “flagrant problems, abuses, violations of law” while working as an asset for US intelligence, Just the News has said in a report. The House and Senate intelligence committees have been informed of the allegations.
LGBT coalition files class action to end discrimination in federal-funded religious institutions
Thirty-three current and former LGBT students of federal-funded religious colleges have filed a class action suit asking an Oregon District Court to rule that the religious exemption to Title IX as applied to ‘sexual and gender minority students is unconstitutional. Title IX is a federal civil rights law that protects students in federal-funded education programs from discrimination based on sexual orientation or gender identity.
US Treasury chief calls for global minimum corporate tax
US Treasury Secretary Janet Yellen on Monday said she was working with G20 countries to adopt a global minimum corporate tax rate that would stem the erosion of government revenues.
Dozens of big profitable companies paid no federal taxes last year, report
A new study finds that at least 55 of the United States’ biggest corporations paid no taxes last year on billions of dollars in profits.
Dutch Prime Minister’s Future Uncertain After Censure Over Scandal
The political future of Dutch caretaker Prime Minister Mark Rutte, one of the European Union’s longest-serving leaders, was uncertain on Good Friday after Parliament censured him for allegedly lying and undermining public trust.