Page 12 - Michael Rounds News Today : Breaking News, Live Updates & Top Stories | Vimarsana

"Big mistake ... Mitch is not the guy to lead."

Sen. Elizabeth Warren, D-Mass., blasted the Federal Reserve chair, Jerome Powell, for his financial regulation track record and said that she would not support him if the White House renominated him, calling him a “dangerous man to head up the Fed.”

investments should not be borne by family-owned businesses, farms, and ranches across the country. We are concerned that your American Families Plan proposes to make drastic changes to the taxation of capital income, including a longstanding tax provision that prevents familyowned businesses, farms, and ranches from being hit with a crippling tax bill when a family member passes away. Under current law, passing down a family business to the next generation does not impose a capital gains tax burden on the business or its new owners. Rather, the decedent’s tax basis in the business is “ste...

ADVERTISEMENT Sens. Joni Ernst, R-Iowa; Chuck Grassley, R-Iowa; John Thune, R-S.D.; Michael Rounds, R-S.D.; Ben Sasse, R-Neb.; and Deb Fischer, R-Neb., on June 30 sent a letter to President Biden urging him to resist calls from Big Oil to undercut the Renewable Fuel Standard. In the letter, the senators express concerns over reports that Biden is reportedly considering bail oil for oil refineries despite commitments he made during his campaign to strengthen the RFS and grow the U.S. biofuel manufacturing sector. “Apart from being inconsistent with your stated policy position on the campaign...

Minnesota ranks tenth in its production of beef, making $2 billion in annual sales, according to Minnesota Department of Agriculture figures.