US President Joe Biden will propose to almost double the capital gains tax rate on the rich to finance programs aimed in part at correcting historic economic inequalities. For those earning $ 1 million or more, the new top rate, coupled with an existing surtax on investment income, means federal tax rates for high net worth investors could reach 43.4%. Unsurprisingly, Republicans criticized the initiative while praising their own 2017 tax overhaul. Senator Chuck Grassley of Iowa said of the law, which cuts taxes for the wealthy and businesses: “If it ain’t broke, don’t fix it. –David E. Rovella
Bloomberg is tracking the progress of coronavirus vaccines while mapping the pandemic around the world and across America.
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Wall Street Merchants, focusing on the implications of the White House investment plan, said that a higher levy on stock earnings could lead to a short term sale. Here is your markets roll up.
One of the largest studies of the ‘long-haul’ virus of Covid-19 proved what many doctors suspected: not only do many patients suffer from a series of health problems six months after infection, but they are also increased risk of dying.
With the majority of vaccinations taking place in the richest countries of the world, the Biden administration is weighing a call from progressive Democrats to accelerate global access to Covid-19 vaccines by supporting a waiver of intellectual property protections, an initiative opposed by the big boys drug manufacturers. Meanwhile, thousands of people die from the virus every day as the variants spread, a dynamic that could render current vaccines ineffective. India has just set a record for a a day of 314,000 infections. Here is the last on the pandemic.
For months after the first Covid-19 vaccines became available, Americans were ready to queue, obsessively refresh booking sites, and travel long distances for vaccines. It changes. Now companies are starting to pay workers to get vaccinated.
The boss of an investment firm in Texas admitted to a $ 31 million fraud and called federal investigators after losing almost all of his money under management.
Happy earth day. Bitcoin mining is considered by many to be destructive to the environment given the enormous amount of energy it requires. But according to Cathie Wood’s ARK Investment Management, it could actually be good for the planet.
Supreme Court judge Amy Coney Barrett, a candidate for Donald Trump who only rose to the bench after an unprecedented last-minute push from then-Senate Majority Leader Mitch McConnell at the height of the 2020 campaign, is pushing for even more controversy. It has a very big book case.
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If you’ve spent 2020 checking out national parks and hitting the road near you, maybe it’s time for the next big thing outside: exploring the arboreal wonder of an ancient forest.
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