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Ministers introduce plans to remove all hereditary peers from Lords | House of Lords

The government is proposing to expel all remaining hereditary peers from the House of Lords in the biggest parliamentary shakeup in a quarter of a century. Britain's remaining 92 hereditary peers would lose their seats and voting rights in the House of Lords under proposals put forward by ministers on Thursday. The move completes reforms […]

Harris to announce new economic plans focused on boosting small businesses

As part of her economic plan, Vice President Harris will propose expanding tax cuts for Americans starting small businesses, a Harris campaign official told The Hill. The proposal would expand the tax credit for small business start-up costs tenfold, from $5,000 to $50,000, and if elected president, Harris would aim to see 25 million new […]

Intel CEO to pitch board on plans to shed assets, cut costs, source says

Intel Chief Executive Officer Pat Gelsinger and key executives plan to present a plan to the company's board later this month to cut nonessential businesses and restructure capital spending in an effort to revive the chipmaker's once-dominant position, according to people familiar with the matter. The plan also includes ideas about how to cut overall […]

Trump, Harris spending plans could weigh on the US economy, analysis shows

As the 2024 presidential campaign heats up, Vice President Kamala Harris and former President Trump are laying out competing economic visions for the country. The presidential candidates are battling over a number of tax issues, including expanding the child tax credit and repealing the tip tax. A new study by the Penn Wharton Budget Model, […]