President Biden is calling for the individual tax cuts signed into law by former President Trump in 2017 to expire as scheduled after next year, but with one major exception: Anyone earning less than $400,000 per year will get to keep those cuts, with the burden of higher taxes falling only on businesses and the wealthy.The White House has contrasted its position with that of Trump, who, along with many other Republicans, has called for extending the tax cuts for everyone. The Congressional Budg
Biden unveils sweeping effort to counter corporate consolidation
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published : 10 Jul 2021 at 07:45
1 US President Joe Biden signed an executive order to promote competition in the economy and bolster Washington s scrutiny of big mergers
NEW YORK - Vowing to reset the economy for the benefit of everyday workers and consumers, President Joe Biden unveiled on Friday a wide-ranging plan to tilt the balance of power away from corporations and towards the little guy.
Biden described the initiative as a shift from what he called Washington s 40-year experiment of letting giant corporations accumulate more and more power as he signed an executive order directing changes on everything from the sale of hearing aids to the disclosure of airline baggage fees.
Daily Times
July 10, 2021
Vowing to reset the economy for the benefit of everyday workers and consumers, President Joe Biden unveiled on Friday a wide-ranging plan to tilt the balance of power away from corporations and towards “the little guy.”
Biden described the initiative as a shift from what he called Washington’s 40-year “experiment of letting giant corporations accumulate more and more power” as he signed an executive order directing changes on everything from the sale of hearing aids to the disclosure of airline baggage fees. “We have to get back to an economy that grows from the bottom up,” he said. The order, which drew strong praise from consumer advocates but a scathing response from some industry lobbying groups, outlines 72 initiatives across the federal government and announces the creation of the White House Competition Council to monitor progress.
Biden Unveils Sweeping Effort To Counter Corporate Consolidation ibtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibtimes.com Daily Mail and Mail on Sunday newspapers.
Tennessee, Alabama and Mississippi are among the latest Southern states that announced they would be withdrawing from federal pandemic unemployment benefits.
The $300 unemployment checks, part of the Pandemic Unemployment Assistance program, will be extended through Sept. 6 for states that do not withdraw.
Signed in March 2020, the Coronavirus Aid, Relief and Economic Security (CARES) Act expanded states ability to help workers previously ineligible for unemployment benefits through unemployment insurance. The act, signed into law by President Donald Trump that featured $600 weekly checks, was originally set to expire in December 2020 until President Joe Biden extended it as part of the American Rescue Plan, but with $300 in benefits.