Economists will tell you that hiking corporate tax rates doesn’t help the working class or middle class. Budget wonks will tell you that hiking the corporate rate won't raise very much revenue. People who understand business and taxation will explain higher corporate tax rates mostly increase economic distortions by pushing corporations to structure their spending more around tax avoidance, effectively letting the tax code and politicians dictate business decisions.
One year ago, wet markets in Wuhan, China, where the COVID-19 virus is thought to have originated, reopened for business as we struggled to find our way through the realities of what shutting down meant for the U.S. economy and its people. Thankfully, we are resilient and adapted to a new way of living and working.
When President Joe Biden recently announced a $2.3 trillion spending plan, on the heels of the nearly $2 trillion bailout bill enacted in March, some Democrats in Washington complained. Their complaints: The price tag was not big enough, and the Washington power grab was not ambitious enough.
Turkey’s broad-based anti-terrorism law, open to interpretation that permits the abuse of the human rights of its ethnic and religious minorities, demands serious scrutiny by the international community. At the center of the latest example is Father Aho Sefer Bilecen, a Syriac Christian monk and head of the Monastery of Mar Yaqoub. On April 7, a Turkish court sentenced him to two years and one month in prison on terrorism-related charges.
Secretary of State Antony Blinken didn’t directly answer whether he believes the Chinese government knows the true origins of COVID-19 while he called out the Chinese government for a lack of transparency in the early days of the outbreak.
House Speaker Nancy Pelosi refused to weigh in on whether she believes Rep. Matt Gaetz should resign amid allegations that he violated sex trafficking laws, saying it's an opinion reserved for her GOP colleagues.
Former President Donald Trump’s top spy chief claims law enforcement knows the laptop purportedly belonging to Hunter Biden is indeed the laptop of President Joe Biden’s son, blasting the former intelligence officials, politicians, and members of the media who suggested the laptop story was a Russian disinformation operation.
As a group of House Democrats urges presidential action on gun control, others are pushing the Senate to vote on House-passed gun control bills. In either case, the result would make people more vulnerable. When the right to keep and bear arms is suppressed by a government, the doors to oppression and abuse are opened. I know because I’ve seen it.
Senate Republicans are wary of posturing from President Joe Biden and congressional Democrats trying to get bipartisan support for the nearly $2.3 American Jobs Plan infrastructure proposal.