Saturday, December 12, 2020
Congress Bans Anonymous Shell Companies
The Corporate Transparency Act, which was tacked onto the defense bill, would require corporations and limited liability companies established in the United States to disclose their real owners to the Treasury Department, reports The Washington Post.
The measure passed the Senate on Friday with an 84-to-13 vote as part of the National Defense Authorization Act, which cleared the House earlier this week. Trump has pledged to veto the defense bill because it doesn’t include his demand to repeal liability protections for social media companies, so we shall see. Trump also opposes a clause that orders military bases named for Confederate leaders to be renamed.
By Don McIntosh
Starting next July, a new wage floor at Portland International Airport will raise pay for as many as 900 low-paid service workers, including cabin cleaners, baggage handlers, caterers, de-icing workers, security guards, and wheelchair assistants.
Port of Portland chief operating officer Dan Pippenger outlined the new minimum wage mandate at the Dec. 9 meeting of the governor-appointed Port of Portland Commission. The wage floor will start at $15 an hour July 1, 2021, and then rise Jan. 1, 2022, to match the City of Portland’s minimum wage mandate for its contracted service workers (currently $16.55, rising annually according to the consumer price index.)
Pippenger estimated the first set of raises could cost airlines $500,000 and the second set $4 million. The raises would also cost the Port $100,000 and $630,000 respectively. Workers covered by the policy are employed by contractors hired by airlines and by the Port itself. The policy would cover about 900 wor