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Economy

“Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922”

“…President Biden has formally proposed the highest top capital gains tax in over 100 years… Under the Biden proposal, the combined federal-state capital gains tax exceeds 50% in many states. California will face a combined federal-state rate of 59%, New… Continue Reading…

Economy, Stocks

“Technology stocks show signs of ‘breaking down’ ahead of Big Tech earnings”

“Technology stocks were broadly showing signs of “breaking down,” as the sector struggles in a slump this month that has deepened significantly, according to Bespoke Investment Group.  The S&P 500’s information-technology sector tumbled 7.3% last week, its biggest weekly drop… Continue Reading…

Banking, Business, Economy

“IRS commissioner indicates AI will play growing role in future tax collection”

“You can’t spell Internal Revenue Service without AI, and its commissioner, Danny Werfel, offered a vision this week for how the tax collecting agency intends to use artificial intelligence in the not-too-distant future. Werfel, in remarks made April 17 at UiPath… Continue Reading…

Economy

“House Republican infighting getting worse after foreign aid vote”

“The House came together Saturday to pass a sweeping $95 billion foreign aid package, a rare moment of bipartisan cooperation in the closely divided chamber. But the move only intensified infighting among House Republicans, who split sharply on the strategy… Continue Reading…

Economy, Stocks

“Are Stocks Going to Crash if Donald Trump Wins and Republicans Control Congress? Here’s What History Says About Stock Market Returns When Republicans Win.”

“…There are two potential issues Wall Street and investors might have with a Republican-controlled Congress and Trump at the helm. To start with, Republicans may aim to pass tax reforms that would reduce corporate and personal income-tax rates. While people… Continue Reading…

Economy

“NY Home Depot hires guards, dogs to keep parking lot safe from thieves, aggressive [illegal aliens ]”

“A New York Home Depot has deployed a guard dog — and other stores may be close behind — to protect shoppers from aggressive migrants and thieves flooding their parking lots, The Post has learned… “It’s more about omnipresence,” one… Continue Reading…

Economy

“Biden visits his Pennsylvania hometown to call for more taxes on the rich and cast Trump as elitist”

“President Joe Biden made a nostalgic return to the house where he grew up in working-class Scranton on Tuesday, kicking off three days of campaigning across Pennsylvania by calling for higher taxes on the rich and casting Donald Trump as an out-of-touch… Continue Reading…

Economy

“New York’s Rich Get Creative to Flee State Taxes. Auditors Are On to Them”

https://www.msn.com/en-us/money/markets/new-york-s-rich-get-creative-to-flee-state-taxes-auditors-are-on-to-them/ar-AA1nit6R Click the link if any of you want to read the article. I just want to comment on the headline. If you live in a democrat city **get out**; Especially New York or California. After they collapse, if you… Continue Reading…

Economy

“California Assembly Introduces Legislation to Combat Retail Theft”

“…The California Assembly has introduced a comprehensive package of seven bills aimed at addressing the rising concerns over retail theft across the state. One of the key initiatives is Assembly Bill 2943, jointly authored by Assemblymember Rick Chavez Zbur (D)… Continue Reading…

Economy

“Mike Johnson sets up weekend showdown on foreign aid bills”

“House Republicans are prepared to unveil the much-anticipated foreign aid bills on Wednesday, Speaker Mike Johnson told members this morning. Why it matters: The timing sets up weekend votes on bills for foreign aid, national security and the southern border — and… Continue Reading…