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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…

Business

“Toyota more than doubles investment and job creation at North Carolina battery plant”

“Toyota will invest an additional $8 billion in the hybrid and electric vehicle battery factory it’s constructing in North Carolina, more than doubling its prior investments and expected number of new jobs, the company announced Tuesday. The Japanese automotive manufacturer… Continue Reading…

Economy

“Job creation roars back in October as payrolls rise by 531,000”

“The U.S. job market snapped back in October, with nonfarm payrolls rising more than expected while the unemployment rate fell to 4.6%, the Labor Department reported Friday. Nonfarm payrolls increased by 531,000 for the month, compared with the Dow Jones… Continue Reading…