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What to Know in Washington: Biden to Impose Firearm Restrictions

April 8, 2021 7:01 AM
By Brandon Lee and Giuseppe Macri
President Joe Biden today will announce that heâs taking executive actions to tighten gun restrictions, including stopping the proliferation of so-called ghost guns, according to administration officials.
Currently people can buy kits that contain the components and directions to put together firearms in as little as 30 minutes, one of the officials said, and use them to commit crimes. The weapons, known as ghost guns, canât be traced by law enforcement because they donât have serial numbers.
Biden has been under pressure to address gun violence since shootings last month at a supermarket in Boulder, Colorado, and at spas in Georgia. Biden has urged lawmakers to pass gun-control measures that are widely opposed by Republicans. ....

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Biden Tax Plan Targets Fossil Fuel Subsidies Worth $35...

Biden Tax Plan Targets Fossil Fuel Subsidies Worth $35...
dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.

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Biden tax plan targets fossil fuel subsidies worth $35B

Biden tax plan targets fossil fuel subsidies worth $35B
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Biden Eases Off Campaign Promise To Tax Corporations That Earn More Than $100 Million

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President Joe Biden backed off a campaign promise ensuring all companies that earn more than $100 million and avoid most tax obligations would pay at least 15% in taxes.
President Joe Biden’s Made In America Tax Plan would introduce a minimum tax rate of 15% on corporations with $2 billion in book income, but report little or no taxable income. The plan, released Wednesday by the Treasury Department, differs from Biden’s campaign proposal, which proposed the same minimum tax rate, but on tax-avoiding companies that report more than $100 million in book income.
“Large corporations that report sky-high profits to shareholders would be required to pay at least a minimum amount of tax on such out-sized returns,” the president’s plan said. “Under this proposal, there would be a minimum tax of 15 percent on book income, the profit such firms generally report to the investors.” ....

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Tax Reform on the Horizon: Current Developments and Updates | Morgan Lewis

Tax Reform on the Horizon: Current Developments and Updates | Morgan Lewis
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