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US tech giants, grappling with a post-pandemic slowdown, have already laid off tens of thousands of workers. Now they re dumping millions of square feet of office space, pushing vacancies in city centers to record highs and ratcheting up pressure on the commercial real estate industry. From a report.
<p>Consumption taxes are successful when they target luxury purchases and the rich. A broad-based consumption tax like the one proposed by House Republicans to replace the income tax would be suicidal to even bring to a vote. </p>