Economic

IRS would track all bank transactions over $600 under Biden plan; businesses revolt

A letter signed by more than 40 trade associations calls on Congress to reject the proposal, saying it violates customer privacy and would create an incredibly expensive and elaborate reporting requirement for banks.

Beijing Silences Global Media on China’s Forced Organ Harvesting

The World Summit on Combating and Preventing Forced Organ Harvesting is highlighting media silence on one of the greatest atrocities of our time: a billion-dollar forced organ harvesting...

GOP Moves To Block Cash to Iran Through Defense Authorization Bill

Provisions would prevent sanctions relief and expose Iran's malign activities.

Human infrastructure bill gives illegal aliens $300 a month per child

Will incentivize far more immigration

White House to Tell Federal Agencies to Prep for Shutdown

The White House will soon notify federal agencies to prepare for the possibility of a government shutdown, a move that press secretary Jen Psaki described as “a routine step,” to ensure that essential services continue, The Hill reports.

Fed signals tapering could begin ‘soon,’ projects interest rate liftoff in 2022

Fed's Powell signaled last month tapering could begin later this year.

Megan Rapinoe and Hundreds of Other Athletes Demand Supreme Court Let Them Kill Unborn to Protect Their Careers

Nothing is more important to the career of a female athlete than the unfettered ability to have an abortion, according to a coterie of female athletes led by national anthem protester and LGBT activist Megan Rapinoe of the U.S. women’s soccer team.

Democrats Plan Tax Giveaway To The Rich, Bailout To Blue States

Democrats want working-class families in red states like Florida and Texas to subsidize residents making $200,000, $400,000, or more in places like New York and New Jersey.

Boris Johnson to Face-Off with Amazon Founder Jeff Bezos Over E-Commerce Giant’s Low UK Tax Payments

Amazon’s relatively low tax bill in the UK has been a contentious issue for years. As online sales soared, driven by the COVID-19 restrictions adopted in 2020, the company nevertheless displayed a tax-to-turnover ratio of just 0.37 percent.

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