On Friday, November 5, 2021, the House of Representatives passed H.R. 3684, otherwise known as the Infrastructure Investment and Jobs Act, with 228 votes in favor and 206 votes opposed. The bill passed the Senate in August and was signed by President Biden on November 15th. A great many employers are very concerned, as described
How bad is this nation’s homeless crisis? Two startling statistics bring it all home. Only 4 million housing units exist for the 10.8 million renter households with incomes below the poverty line or 30% of area median income (AMI). Seven in 10 of those households spend more than half their incomes on rent in the
U.S. President Joe Biden speaks in the Eisenhower Executive Office Building in Washington, D.C., U.S., on Thursday, Oct. 14, 2021. Al Drago | Bloomberg | Getty Images The Biden administration on Tuesday asked a federal appeals court to immediately lift an order halting its Covid vaccine and testing requirements for private businesses, warning that delaying
In this article DKS Cars are seen parked in front of a Dick’s Sporting Goods store at Monroe Marketplace in Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Dick’s Sporting Goods on Tuesday reported fiscal third-quarter earnings and sales that outpaced analysts’ expectations, leading the sporting goods giant to hike its annual
The Stripe logo on a smartphone with U.S. dollar banknotes in the background. Budrul Chukrut | SOPA Images | LightRocket via Getty Images Online payments giant Stripe is still in no rush to go public, with co-founder John Collison telling CNBC the company is happy staying private for now. “We’re very happy as a private
Charlotte Hornets owner and Hall of Famer Michael Jordan reacts during the first half of their game against the New York Knicks at Spectrum Center on November 12, 2021 in Charlotte, North Carolina. Jared C. Tilton | Getty Images Michael Jordan has six NBA championship rings. He also likes watches. The five-time NBA most valuable
NASA’s Double Asteroid Redirection Test (DART) spacecraft is put in the nosecone of SpaceX’s Falcon 9 rocket in preparation for launch. Ed Whitma / Johns Hopkins APL / NASA Elon Musk’s SpaceX is set to launch a first-of-its-kind planetary defense mission for NASA in the early hours of Wednesday morning, sending the spacecraft on its
JJFarquitectos | iStock | Getty Images The coronavirus pandemic brought unprecedented hardship to renters, at one point leaving as many as 40 million people at risk of losing their homes. That the situation got so bad, so quickly for tenants revealed long-lasting issues of housing instability in the U.S., caused by rapidly rising rents and
As you approach your retirement years and also soon after you retire, you face a serious of critical decisions that are often more complex, with higher stakes, than the saving and investing decisions you had to make throughout your working years. But by asking questions—of yourself and others with hard-won life experience—you have a better
In the second of a two-episode series, professor Richard D. Pomp of the University of Connecticut School of Law discusses his views on the federal lawsuit challenging Maryland’s digital advertising tax. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today
Wellness design and federal legislation rarely intersect, but the just-signed bipartisan infrastructure deal – officially named Infrastructure Investment and Jobs Act – has several components that will benefit Americans’ well-being where they live. While most of the funds will go toward public infrastructure, such as airports, bridges, roads, tunnels and ports, providing residential access to
In this article BNTX Visitors at the Christmas market in Dortmund, western Germany on November 22, 2021. Some of Germany’s federal states have canceled their Christmas markets due to the Covid crisis. Ina Fassbender | AFP | Getty Images Germany’s health minister has issued a stark warning to the country’s public, telling citizens that vaccination
In this photo illustration of the ripple cryptocurrency ‘altcoin’ sits arranged for a photograph on April 25, 2018 in London, England. Jack Taylor | Getty Images News | Getty Images Fintech company Ripple is making great strides in its legal feud with the U.S. Securities and Exchange Commission, CEO Brad Garlinghouse told CNBC on Monday.
Bill Gates wants you to read more science fiction. On Monday, Gates released his annual holiday book recommendation list — along with a blog post explaining why two of his five selections are science-fiction books. As a child, he wrote, he was “obsessed” with science fiction. And though the famous reading enthusiast focused more on
blackCAT | E+ | Getty Images It’s easy to ignore finances during the holiday season. But with five weeks left in 2021, there’s still time for year-end moves to slash tax bills or boost refunds, experts say. While tax planning is a year-round process, the last couple of months may offer the chance to finalize
A recent Tax Court Case, Smaldino V. Commissioner Of Internal Revenue, T.C. Memo. 2021-127, November 10, 2021 has lots of important lessons on how to do an estate plan properly. These lessons are particularly important for those that did planning in a rush in 2020 and 2021 fearing dramatic changes in the tax laws. Even
After rejecting corporate income tax rate increases to help pay for President Biden’s Build Back Better plan, House Democrats passed a 15 percent alternative minimum tax on the income very large corporations report to their shareholders. This tax on book income would raise about $300 billion over 10 years. But it creates a mess of policy
For generations, after every spike in gas prices, Americans dashed out to purchase gas-sipping economy cars, only to revert to garage-sized SUVs once gas prices fell again. Last year’s pandemic-fueled exodus to the suburbs demonstrated short-term thinking isn’t limited to rides, but can also apply just as readily to homes. According to Uncast, more than
Jeff Zients, White House Covid-19 coordinator, speaks during a news conference at the White House on April 13, 2021. Leigh Vogel | Bloomberg | Getty Images The Biden administration has no plans to curb future Covid-19 surges using a nationwide lockdown, White House coronavirus response coordinator Jeff Zients said at a briefing Monday. Zients’ comments
Zoom CEO Eric Yuan makes a toast after the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images Zoom reported better-than-expected quarterly earnings on Monday, while warning investors of a revenue slowdown at the video-chat company as the pandemic comes to an end. Here’s how the company did: