Current News
Oxfam Calls On Govt. To Impose 99% One-Time Tax On Rich
An anti-poverty organization calls for the government to impose a one-time tax on the world’s billionaires to fund COVID-19 vaccines.
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The Grassroots Corner January 24, 2022
🇺🇸 The Grassroots Corner - Week Beginning 01/24/22: “Social Media Decisions” Read More.
Top lobbying firms report record-breaking 2021 earnings
Most of the top lobbying firms raked in record revenue last year as K Street worked overtime to influence President Biden’s ambitious agenda, according to new lobbying figures shared with The Hill.
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‘Good luck! We’ll all need it’: U.S. market approaches end of ‘superbubble,’ says Jeremy Grantham
‘We are in what I think of as the vampire phase of the bull market,’ says GMO co-founder Jeremy Grantham Read More.
The Chairman’s Report January 21, 2022
In 2017, the Tax Cuts and Jobs Act limited the state and local tax deduction (SALT) to $10,000. In states with high state income and property taxes, this resulted in a significantly higher federal tax bill for many high-end taxpayers. Read More.
Exxon vows to cut emissions from operations to ‘net zero’ — but won’t exit fossil fuels anytime soon
U.S. oil giant says it can hit zero carbon emissions from assets it operates by 2050 Read More.
The Income Taxation Of Creators, Investors, Dealers And Collectors Of NFTs
The creative process of individuals, and the medium through which a Creator works, is constantly expanding, including digital assets such as Non-fungible Tokens. NFTs that are created, bought, sold or exchanged are considered property by the IRS, and so these are taxed like art buying, selling or exchanging art.
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Feds launching teen truckers program amid supply chain crisis
Apprenticeship pilot will allow some 18 to 20-year-olds to drive big rigs across state lines Read More.
With inflation running amok at 7%, US has no easy way out
Throughout 2021, US President Joe Biden and Federal Reserve chair Jerome Powell insisted that consumer price rises were only "transitory", and inflation would fade away in the face of more federal spending, key of which was Biden's slated $1.8 trillion 'Build Back Better' initiative. It turned out they were very wrong. Read More.
China Seeks to Cushion Blow of Economic Pain as Momentum Slows
Beijing eases some earlier tightening policies amid uncertainty around Covid-19, property-market slump and looming drop-off in export demand Read More.
Flat tax: What is it, what will it mean for Iowa
Flat tax proposals have both supporters and critics Read More.
The Federal Reserve needs to ‘shock and awe’ the market with one big rate hike ‘to restore its credibility,’ says hedge-fund star Bill Ackman
Ackman is advocating for an increase to benchmark fed-funds rate of 50 basis points Read More.
The Grassroots Corner January 17, 2022
🇺🇸 The Grassroots Corner - Week Beginning 01/17/22: “Hostile Argument: Why Do We Tax Food, Clothing, Housing, And Medicine? That's Unfair!” Read More.
Brainard pledges to use Fed's full arsenal to combat surging inflation
Fighting hotter-than-expected inflation is the Fed's No.1 priority: Brainard Read More.
The Chairman’s Report January 14, 2022
If you report receiving any illegal money, you are admitting to breaking the law. In that case, you can be prosecuted, and in many cases the crimes to which you admit carry much more severe penalties than any prison sentence for failing to report the illegal money.
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