republican

Rep. Blake Moore, Treasury Secretary Janet Yellen argue over whether Trump-era tax cuts benefitted the middle class

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Rep. Blake Moore, Treasury Secretary Janet Yellen argue over whether Trump-era tax cuts benefitted the middle class

Tax policy has an impact on the economy, with Utah Rep. Blake Moore and Treasury Secretary Janet Yellen disagreeing on whether former President Donald Trump’s tax framework or President Joe Biden’s proposed one is more beneficial. Moore argues that the Tax Cuts and Jobs Act of 2017 helped strengthen the economy, while Yellen believes the Trump-era tax cuts disproportionately benefited the wealthy. Biden has proposed raising the corporate tax rate to 28%, with the administration aiming to increase taxes for billionaires and corporations to reduce the national debt. Yellen assures that families earning less than 0,000 will not face a tax hike under Biden’s plan.

Judge fines Trump $9,000 for contempt, threatens jail

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Judge fines Trump $9,000 for contempt, threatens jail

The judge overseeing Donald Trump’s criminal hush money trial fined the former U.S. president ,000 for contempt of court and warned that he could face jail time if he continued to violate a gag order.

Republican-led states sue to block Biden protections for transgender students

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Republican-led states sue to block Biden protections for transgender students

Five Republican-led states have filed lawsuits challenging new Biden administration regulations that prohibit schools and colleges receiving federal funding from discriminating against students based on their gender identity.

US military’s pier in Gaza to cost $320 million

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US military’s pier in Gaza to cost $320 million

The U.S. military’s cost estimate to build a pier off Gaza for humanitarian aid delivery has risen to 0 million, involving about 1,000 U.S. service members. Senator Roger Wicker expressed concerns about the high cost and potential risks for troops. Israel’s military campaign in response to Hamas’ attack has caused a humanitarian crisis in Gaza. Biden has ordered U.S. forces to stay off the Gaza shore, and aid will need to pass through Israeli checkpoints on land. The United Nations has appealed for .5 billion to meet urgent needs in Gaza.

Trump trial tests his campaign strategy of embracing bad publicity

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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.

For some Columbia students, protest encampment is living history lesson

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For some Columbia students, protest encampment is living history lesson

Students at Columbia University set up a pro-Palestinian protest encampment on campus, inspired by a course called “Columbia 1968” about past protests. The encampment led to arrests and suspensions by the school administration, but protesters continue to demand divestment from companies supporting Israel. The protests have drawn support from various groups and have sparked debates and activities on campus. Despite criticism, students remain committed to their cause.

Legislation round-up: taxes, housing, employment … and more – NH Business Review

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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?

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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.

Tenn. House and Senate broker a compromise on the business tax rebate

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Tenn. House and Senate broker a compromise on the business tax rebate

The Tennessee House and Senate have reached a compromise to pass a business tax cut and refund, allowing businesses to request refunds up to three years of the Franchise and Excise Tax.

Tennessee lawmakers still at odds over business tax cut as session enters final days • Tennessee Lookout

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Tennessee lawmakers still at odds over business tax cut as session enters final days • Tennessee Lookout

House and Senate lawmakers are still in disagreement over Tennessee Gov. Bill Lee’s .9 billion business tax cut proposal. The sticking points include how many years of refunds to give and a requirement in the House version for the revenue department to disclose the names and amounts of refunds companies receive. Both versions would eliminate the property portion of the state’s franchise tax, resulting in 0 million in annual lost revenue for the state. The Senate passed a version similar to Lee’s proposal, offering three years of refunds without requiring disclosure of recipients. The House version offers 1-2 years of refunds and includes the disclosure requirement. The conference committee is working to resolve the differences between the two versions.