Georgia House speaker proposes another child income tax cut
Georgia House Republicans are proposing additional tax cuts for parents. House Speaker John Burns announced Wednesday that his Republican caucus supports a plan to increase the amount parents can deduct from their annual state income taxes per child to $4,000 from the current $3,000. Georgia's income tax rate is currently 5.49%, so that would mean […]
The Fed Cannot Afford to Cut into an Accelerating Economy
Can the Fed read the situation? It is sending a signal that interest rate cuts are not necessary to keep the economy growing. The question is whether the Federal Reserve is listening. of S&P Global Flash US Composite PMI It rose to its highest level in seven months in January, indicating that economic growth is […]
China to cut banks’ reserve requirements by 50 basis points from Feb. 5 – CNBC
Mr. Pan Gongsheng was appointed Party Secretary of the People's Bank of China on July 1, 2023. Video Visual China Group | Getty Images BEIJING—China has pledged to cut the amount of liquidity banks need to hold in reserves early next month to shore up its struggling economy. The People's Bank of China said it […]
Invesco and WisdomTree cut fees on European ETPs as price war reaches Europe – Cointelegraph
The spot Bitcoin (BTC) exchange-traded fund (ETF) fee war has spilled over into Europe just weeks after the U.S. Securities and Exchange Commission (SEC). Approved domestic BTC ETF. Prior to the Jan. 10 approval, multiple applicants updated their S-1 applications multiple times to reduce ETF fees. A similar trend is currently being observed in European […]
JONATHAN WILLIAMS And NICK STARK: Good Things Happen To States That Cut Taxes
Last year, 50 laboratories of democracy were in full swing as free market policies swept across the country in the name of tax cuts and education reform. While these types of victories typically don't garner as much media attention as the battles on Capitol Hill, they can be extremely significant for states that adopt these […]
Supreme Court Rules 5-4 to Allow Biden Admin to Cut Texas Border Barrier
WASHINGTON, D.C. – A divided Supreme Court has issued an injunction allowing Biden administration officials to open border barriers in Texas, continuing a conflict between the Biden administration's open border policies and Texas' attempts to secure the border. It blocked an appeals court ruling in favor of Texas in the dispute. Republican-appointed judges joined Democrats […]
Critics bash SCOTUS decision allowing feds to cut razor Texas installed to stem illegal border crossings
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Alphabet’s X division lays off dozens of workers to further cut costs
Google's parent company Alphabet is reportedly laying off dozens of employees in a secret division that develops new technology as part of the search giant's broader cost-cutting drive. In recent months, the unit, known as X Lab, has been in talks with venture capitalists, sovereign wealth funds and private equity firms to raise money, according […]
Consumers Are Murdering the March Rate Cut
not giving anything Fed officials have been very clear: Outlook for interest rate cuts The pace of economic growth will accelerate significantly. It is very likely that this week's economic data will further delay the rate cut. it's very obvious the economy slowed down This is a significant increase from the impressive pace of 4.9% […]
Ford to cut F-150 Lightning production, 1,400 jobs affected
Former White House OMB Director Russ Vought talks about the cost of Biden's environmental policies after Ford cut production of the F-150 Lightning EV in half on “Kabuto: Coast to Coast.” Ford announced Friday that it will cut production of the F-150 Lightning due to declining demand for electric pickup trucks. The company announced that […]