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Taking out Rep. Liz Cheney (R-Wyo.) as conference chair was never going to be clean and easy for House Minority Leader Kevin McCarthy. | Al Drago/Getty Images
DRIVING THE DAY
We’re T minus one day till LIZ CHENEY gets the boot from GOP leadership. And as we enter that crazy news cycle, it’s important to remember that this is about one man’s ambitions.
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CLAY HEADS TO K STREET: Former Congressman
Lacy Clay, who represented St. Louis in the House for two decades before his primary defeat last year by Rep.
Cori Bush (D-Mo.) is joining the law and lobbying firm
Indian American hoteliers ship equipment to Gujarat hospitals
Indian American hoteliers ship equipment to Gujarat hospitals
Ishani Duttagupta | TIMESOFINDIA.COM | May 7, 2021, 10:07 IST
Representational image. Photo: PTI
Amrat Patel is relieved. Late on Thursday night at his Los Angeles home, he received information that the first shipment of relief material which was stuck at the cargo terminal of Mumbai airport for the past four days had been cleared.
Patel, the founder of a charitable trust, Playgrounds, which supports smart school projects for children in Indian villages, has teamed up with two other Indian American charities the Joy of Sharing Foundation and Tarsadia Foundation as well as the Rotary International network in India to mobilise and distribute resources to support hospitals and communities across Gujarat during the second wave of the Covid-19 pandemic.
Provided by Dow Jones
By Will Parker President Biden s new economic plan would eliminate a tax break for many real-estate owners that has enabled them to defer paying capital gains on property sales. Closing that tax loophole, which has existed since 1921, is part of his $1.9 trillion spending package for new social programs. The current law allows investors to defer paying tax on real-estate gains if they reinvest the proceeds in other properties within six months of the sale. The deals are known as 1031 exchanges, named for the section in the U.S. tax code. The Biden proposal would abolish 1031 exchanges on real-estate profits of more than $500,000.