Sunday, April 20, 2025

FINANCE

Newly Woke Chamber of Commerce Teams w/ Labor Unions to Push Biden ‘Infrastructure’

(Headline USA) Major business and union groups have formed a new coalition designed to add momentum for a $1.2 trillion infrastructure package that the Senate is expected to take up this month. The U.S. Chamber of Commerce and the AFL-CIO, along with trade groups representing manufacturers and retailers, announced the...

Bezos Supported Higher Taxes as He Lobbied for Breaks for Amazon

While Amazon oligarch Jeff Bezos called upon Washington D.C. to impose higher taxes on other corporations, his flagship company tried to keep its own tax breaks in place according to Politico. Bezos, who also owns the left-wing Washington Post, basked in progressive attention earlier this year for publicly supporting the...

Californians Seeking Escape Cause Home Prices in Other States to Skyrocket

(Cole Lauterbach, The Center Square) A popular gripe about Californians moving into nearby states is they bring their politics with them. The newest complaint could be they’re bringing high home prices as well. Property data provider CoreLogic released its monthly Home Price Index on Tuesday, reflecting May values. It showed home prices in...

Texas Supreme Court: Facebook Can Be Held Liable for Sex Traffickers Who Use Its Platform

(Bethany Blankley, The Center Square) After three Houston-area lawsuits were filed against Facebook alleging sex traffickers used its platform to commit crimes, Facebook asked the Texas Supreme Court to intervene. In response, the highest court in Texas ruled that Facebook could be held liable for sex traffickers using its platform, arguing...

AAA: Gas Prices Expected to Increase EVEN MORE Through August

The American Automobile Association warned that gas prices, already up 40% since the start of the year, will continue to climb this summer, reaching as high as $3.25 on average nationwide by the end of August. “Robust gasoline demand and more expensive crude oil prices are pushing gas prices higher,”...

Pentagon Cancels Controversial JEDI Cloud Contract w/ Microsoft

(Headline USA) The Pentagon said Tuesday it canceled a disputed cloud-computing contract with Microsoft that could eventually have been worth $10 billion. It will instead pursue a deal with both Microsoft and Amazon and possibly other cloud service providers. “With the shifting technology environment, it has become clear that the JEDI...

Hunter Biden Wanted Prostitutes to Form a Labor Union

Hunter Biden, son of President Joe Biden, proposed a plan to unionize prostitutes, according to texts found on a laptop that belonged to him. Texts from 2018 and 2019 show that Hunter spent thousands of dollars on prostitutes in cities around the country. On one tape recording, Hunter admitted he frequented...

Ariz. GOP Lawmakers Slash Rates to Do End-Run Around ‘Red-for-Ed’s Tax Hikes

(Elizabeth Troutman, The Center Square) Arizona Gov. Doug Ducey gave the green light to the largest income tax cut in state history, including a provision to protect businesses from the “Red for Ed” tax. The Invest in Education Act imposed an additional 3.5% tax on individuals with an income exceeding $250,000,...

Amazon Founder Jeff Bezos Steps Down as Company’s CEO

(Headline USA) Amazon founder Jeff Bezos stepped down as CEO on Monday, handing over the reins as the company uses its monopoly power to crush locally owned businesses during the coronavirus mania. Andy Jassy, who ran Amazon's cloud-computing business, replaced Bezos, a change the company announced in February. Bezos, Amazon's biggest...

Calif. Raises Gas Tax Despite State Enjoying Massive Budget Surplus

(Cole Lauterbach, The Center Square) While a handful of California officials deliberate on how to best divvy up a historic $75 billion budget overflow, gas-powered vehicle owners will be paying more to fill up their tanks. The state’s motor fuel excise tax is set to increase Thursday, up six-tenths of a...

130 Countries Agree to Global Minimum Tax for Companies

(Associated Press) Some 130 countries have agreed on a global minimum tax backed by President Joe Biden as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates. The agreement announced Thursday is an attempt to address challenges presented by...

IRS Backlogged on Millions of Tax Returns

(Casey Harper, The Center Square) For many Americans still waiting to receive their tax refund, it appears the wait could be far from over. The National Taxpayer Advocate’s federally authorized report to Congress found that the IRS held an unprecedented number of tax returns for manual processing this year, leading to...
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