Google plans $3 billion data centre investment
Google announced a billion investment to set up a data centre campus in Indiana and expand sites in Virginia.
Americans
Biden Implies Families Will Pay More Taxes if He’s Re-Elected
President Joe Biden stated that if he is reelected, he will allow former President Donald Trump’s comprehensive tax cuts to expire without renewing them.
Views from the nation’s press
President Joe Biden’s budget proposal includes plans to increase corporate tax rates, which could ultimately result in higher costs for consumers and impact low- and middle-income Americans more than raising individual income tax rates. The proposal is criticized for potentially hurting average workers who rely on investments in pension plans, 401(k)s, and other vehicles for long-term benefit.
Democrats Should Stop Pushing a Higher Corporate Tax Rate
President Biden and Senator Bernie Sanders are advocating for raising the corporate tax rate to help working families, but economic research shows that this would actually harm working people. Studies have shown that a higher corporate tax rate leads to lower wages, higher prices, and reduced retirement savings for everyday Americans. The 2017 tax cuts resulted in benefits for working people, including lower unemployment rates and increased wages. Increasing the corporate tax rate would also lead to higher taxes on pensions and retirement savings for many Americans. Experts agree that raising the corporate tax rate is the most economically harmful tax increase, hurting investment, growth, productivity, workers, consumers, and savers.
Trump trial tests his campaign strategy of embracing bad publicity
Donald Trump is facing a hush money trial in New York and is using the media attention to amplify his claims of persecution. He is meeting with foreign dignitaries at Trump Tower, making staged visits to locations like a convenience store in Harlem, and posting on his Truth Social platform. Despite the trial, Trump has not had any campaign rallies but is planning some in battleground states. The trial could carry political risks for Trump, as opinion polls show some Republican voters may turn against him if he becomes a convicted felon. The Biden White House is seeking to draw a contrast between Trump and Biden, with Trump accusing the trial of being a witch hunt on his social media platform. Foreign dignitaries have visited Trump at Trump Tower, and he has made efforts to engage in major issues like the war in Ukraine.
Legislation round-up: taxes, housing, employment … and more – NH Business Review
Fact: The second legislative session in New Hampshire is tackling many business-related proposals on the House and Senate floors.
FACTBOX-Who are the mega-rich donors backing Trump?
Mega-rich donors have emerged as key backers of Republican presidential candidate Donald Trump, collectively donating more than million to support his candidacy against Democratic incumbent Joe Biden.
EDITORIAL: Biden tax plan would pummel average Americans
President Joe Biden’s 2025 budget blueprint includes plans to increase corporate taxes, which could ultimately cost low- and middle-income Americans more money than if their income tax rates were raised. This plan, straight out of the Bernie Sanders handbook, aims to go after corporations but could have negative effects on consumers, employees, and investors. The budget also includes record spending and soaring debt, despite promises not to increase taxes on those earning less than 0,000 a year.
She produces, sells, collects, they kill
The US House of Representatives has allocated billion to Ukraine and billion to Israel, including humanitarian aid for Palestinians in Gaza. The war in Ukraine benefits the US economy and Russia controls 18% of Ukrainian territory. Israel continues its genocide in Gaza, with mass graves discovered in Khan Yunis. The International Criminal Court should investigate these war crimes. Israel is preparing for military operations in Rafah with the support of its allies. The geopolitical puzzle favors certain countries, like Turkey’s occupation of Cyprus being overlooked. Cypriots and Palestinians struggle to find justice, but the EU must redefine its objectives and not blindly follow American geopolitical interests.
TurboTax Maker Puts a Pink Spin on Exploitative Financial Products
Intuit, the maker of TurboTax, recently launched a campaign branding itself as a feminist company.