Articles
White House backs senators in debate over the need for tougher crypto regulations with a surprise statement
The White House stepped into a wrangle between senators over cryptocurrency regulation in the infrastructure bill late Thursday, coming out in support of those taking a tougher stance on which companies must comply with the tax rules. Read More.
US economy adds 943K jobs in July, blowing past expectations
Unemployment rate fell to 5.4% Read More.
The Chairman’s Report August 6, 2021
A July 13th article in the Wall Street Journal points out that more and more wealthy people are purchasing things they want not by selling their investment assets but by borrowing against their value and using the borrowed funds to make their purchases. Read More.
3 US Senators are proposing amendments the infrastructure bill that would put some of the cryptocurrency market out of its reach
A group of US senators is proposing a legislative amendment to the infrastructure bill that would exclude certain parts of the cryptocurrency industry from a tax reporting rule. Read More.
Robinhood soars 29% to post-IPO high as investors like Cathie Wood's ARK Invest build positions
Shares of Robinhood soared as much as 29% on Tuesday to a post-IPO record high of $48.59 as long-term investors like Cathie Wood's Ark Invest begin to build a position in the fintech platform. Read More.
U.S. private payrolls growth slows as labor shortages linger
WASHINGTON, Aug 4 (Reuters) - U.S. private payrolls increased far less than expected in July as shortages of workers and raw materials constrained hiring in the manufacturing and construction industries. Read More.
Why remote work is a big problem for the economy
Americans are trickling back to their pre-pandemic workplaces, but most offices are still largely empty. And that’s affecting local economies in a major way. Read More.
#276 What Would Happen If...
What would happen if the 16th Amendment is not repealed within seven years after the FAIRtax replaces the income tax? Read More.
US economy surpasses pre-pandemic size with 6.5% Q2 growth
WASHINGTON (AP) — Fueled by vaccinations and government aid, the U.S. economy grew at a solid 6.5% annual rate last quarter in another sign that the nation has achieved a sustained recovery from the pandemic recession. The total size of the economy has now surpassed its pre-pandemic level. Read More.
U.S. Justice Dept says IRS must give former President Trump's tax returns to Congress
WASHINGTON, July 30 (Reuters) - The U.S. Justice Department on Friday ordered the Internal Revenue Service to hand over former President Donald Trump's tax returns to a House of Representatives committee, saying the panel has offered "sufficient reasons" for requesting the material. Read More.
Senators Push to Wrap Up Bipartisan Infrastructure Bill This Week
The $1 trillion measure’s fate in the House will be tied to that of a much larger package of Democratic climate and anti-poverty priorities that Republicans oppose Read More.
Walmart just put the pressure on the biggest US companies to reimpose mask mandates for employees
Walmart has changed its rules around employee mask and vaccine requirements in order to better comply with recommendations from the Centers for Disease Control and Prevention. Read More.
The Grassroots Corner August 2, 2021
🇺🇸 The Grassroots Corner - Week Beginning 8/02/21: “Donalds Signs On” Read More.
Senate set to advance bipartisan infrastructure bill on Friday in procedural vote
The Senate will vote Friday to move forward with a bipartisan infrastructure bill as Majority Leader Chuck Schumer pushes to pass it as soon as next week. Read More.
IRS sending out another 1.5 million tax refunds to people who overpaid on unemployment benefits
The government is issuing another batch of refunds this week to taxpayers who received jobless aid last year and overpaid on taxes, the Internal Revenue Service announced.
Read More.
