Tag Archives: Democrats

With President Biden rolling out his big infrastructure plan on Wednesday, Congress will now debate the tax changes that should go along with it. One of those changes should be a tax cut that would benefit wealthy taxpayers, mostly in blue states. You read that right. Yes, Biden rode to the White House promising to raise taxes on the wealthy, not cut them. Polls show voters strongly support higher taxes on those who earn the most. But first Congress should rectify a mistake Republicans made… Source link

A new tech industry association, led by a former Google public policy director and with funding from Amazon.com Inc., Facebook Inc. and Google, is coming to Washington. But instead of starting its efforts with traditional tech policy issues, the group is leaning hard into another Democratic linchpin: voting rights. Just a few days after House lawmakers ripped into the chief executives of Facebook, Google and Twitter Inc. for myriad issues, the Chamber of Progress launches Monday with the… Source link

New York Gov. Andrew Cuomo is not being impeached — yet. Instead, with mounting sexual misconduct accusations and an alleged cover-up of nursing home deaths, Cuomo is facing an investigation from his fellow Democrats in the state Assembly’s Judiciary Committee that could, conceivably, result in his removal from office. However, multiple members of the Albany Legislature are concerned the investigation is merely “buying time” for the governor, whose term ends next year. Gov. Andrew… Source link

Senate Democrats cited a provision in the new stimulus bill to again call on Biden to cancel $50,000 in student loan debt through an executive order — despite the president previously stating that he would not do so. “Student loan debt is crushing millions of Americans,” Senators Elizabeth Warren (D-MA) told reporters on Monday. “President Biden has an opportunity to fix that with the stroke of a pen. This bill helps pave the way to cancel $50,000 in student loan debt.” The recently-passed… Source link

When the coming $1.9 trillion relief package becomes law, Americans will be eagerly awaiting their $1,400 checks. But White House officials have made it clear this week they are just as focused on another provision in the massive bill which – they hope – may prove to be a more durable expansion of the government’s social safety net. The child tax credit is set to more than double, with families starting to get checks in July. It is “a way of getting at that basic benefit for every… Source link

TipRanks The Bottom Is in for These 3 Stocks? Analysts Say ‘Buy’ Never say that one person makes no difference. This past Thursday, stocks tumbled, bonds surged, and investors started taking inflationary risks seriously – all because one guy said what he thinks. Jerome Powell, chair of the Federal Reserve, held a press conference at which he gave both the good and the bad. He stated, again, his belief that the COVID vaccination program will allow a full reopening of the economy, and that… Source link

Brace for it, tech bulls. Those investors who have been conditioned these past five years to only expect big tech stocks Facebook (FB), Amazon (AMZN) and Google (GOOG, GOOGL) to do one thing — go up, and go up huge — may be in for a wake-up call in coming quarters as the newly emboldened Democratic party looks to drop the regulatory hammer on these powerful giants. “We continue to anticipate that the regulatory overhang for mega-cap internet companies will continue in 2021 and see a… Source link

WASHINGTON — A growing number of House Democrats are calling for an investigation into whether their Republican colleagues aided President Trump’s supporters who violently stormed the U.S. Capitol on Jan. 6 in an effort to overturn the results of last year’s election. Rep. Cedric Richmond, D-La., told Yahoo News that many of his Democratic colleagues are discussing the possibility Republican House members played a role in the attacks. “I would hope no member did this, but the truth is… Source link

TipRanks Oppenheimer Sees These 3 Stocks Skyrocketing Over 100% The U.S. presidential election has come to a close, and Wall Street isn’t opposed to the administration change. Last week saw the S&P 500 notch its second-best performance during an election week on record, even as Trump’s chances of getting re-elected became slimer and slimer.Weighing in for Oppenheimer, Chief Investment Strategist John Stoltzfus noted, “What appears clear so far is that the equity markets are not averse to… Source link

Democrats gathered on a Thursday call to discuss the results of the 2020 election, and at least one lawmaker reportedly bluntly made her disappointment known. Rep. Abigail Spanberger (D-Va.) on a Democratic caucus call on Thursday afternoon reportedly went off on what she described as House Democrats’ “failure” in this year’s election, ABC News’ Ben Siegel reports. Democrats are expected to maintain their House majority, but after the election, the party will “likely have fewer seats in… Source link