Youngkin calls for an end to taxes on tips ahead of Virginia legislative session
Virginia Gov. Glenn Youngkin (R) on Monday called for an end to the tax on tips in the state by including language in the next state budget that would eliminate the practice. “We have delivered more than $5 billion in tax cuts to date and remain committed to lowering the cost of living for hardworking […]
Trump announces $100B investment from SoftBank
President-elect Trump on Monday announced plans for Japan's SoftBank Group to invest $100 billion in the United States over the next four years, touting it as a sign of global confidence in the United States after his election victory. Mr. Trump was accompanied at his Mar-a-Lago residence by SoftBank CEO Masayoshi Son, who said the […]
Lawmakers struggle to reach deal to avert government shutdown
Congressional negotiators are struggling to reach an agreement to keep the government's lights on after Dec. 20. Continuing resolution (CR) language for the government's funding package was expected to be announced on Sunday ahead of the impending shutdown deadline. But economic support for farmers emerged as an apparent last-minute impasse, with lawmakers unable to release […]
Amazon union authorizes strike at 2 New York warehouses
Amazon's union has authorized strikes at two New York facilities ahead of a looming December 15 bargaining deadline. “Amazon Teamsters at two New York City facilities, JFK8 and DBK4, are striking after Amazon illegally refused to recognize their union and negotiate a contract that addresses the company's low wages and dangerous working conditions. They voted […]
Millionaire boomers less likely to share their wealth: Study
Research shows that millionaire Millennials and Gen Xers are more than twice as likely as Baby Boomers to prioritize sharing their wealth with the next generation. new research From financial services firm Charles Schwab. Data reveals that baby boomers born between 1946 and 1964 plan to spend most of their wealth rather than save it […]
Momentum builds around Social Security reforms ahead of Senate vote
Momentum is building on a bill that would mean increased Social Security benefits for some Americans as Senate leaders prepare for a vote next week. Senate Majority Leader Chuck Schumer of New York took the first step toward considering the Social Security Fairness Act this week, surprising some senators by announcing plans to bring the […]
Trump faces pressure to break GOP impasse over agenda
President-elect Trump faces demands from House Republicans to resolve disagreements between the two chambers over how Republicans should begin tackling the issue. As some House Republicans consider introducing a tax-focused reconciliation bill, members of the conference are looking to President Trump to set the tone. “Ultimately, and quite intuitively, the president is going to ask […]
Freedom Caucus backs two-track strategy to tackle Trump border and tax agenda
The hard-line conservative House Freedom Caucus supports a two-step approach to tackling parts of President-elect Trump's agenda, including the border, taxes and energy, amid intraparty conflict over the approach. influential caucus said in a letter On Friday, he urged House Speaker Mike Johnson (R-Louisiana) to pass a “fully offset” and “focused” border settlement in January, […]
Supreme Court to hear dispute over Catholic group, Wisconsin tax exemption
The Supreme Court agreed Friday to take up a Catholic charity's efforts to qualify for religious exemption from Wisconsin's unemployment tax system. Although Wisconsin exempts employers “operated primarily for religious purposes,” Catholic Charities employs non-Catholics, does not seek to instill the Catholic faith in its participants, and does not seek to instill the Catholic faith […]
Two states sue Glock over add-on allowing machine gun-like firing
Authorities in New Jersey and Minnesota filed a lawsuit against firearms manufacturer Glock on Thursday seeking to stop the sale of a weapon that can fire more than 1,000 rounds with the flick of a switch. “Glock is directly benefiting from increased sales because its weapons can be easily switched to machine gun mode in […]