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Biden Lurks Well Within His Powers To Fire Social Security Boss


Biden Lurks Well Within His Powers To Fire Social Security Boss
https://www.nysun.com/national/biden-lurks-well-within-his-powers-to-fire-social/91574/
President Biden has fired the Social Security Commissioner, Andrew Saul, but the commissioner insists Mr. Biden doesn’t have that power.
“Saul said in an interview Friday afternoon that he would not leave his post, challenging the legality of the White House move to oust him,” the Washington Post reported. “As the head of an independent agency whose leadership does not normally change with a new administration, Saul’s six-year term was supposed to last until January 2025,” the Post said.
On the substance, Commissioner Saul — appointed by President Trump after previous public service on the boards of the Metropolitan Transportation Authority and the Federal Thrift Investment Board — is a Republican and surely closer to my own views than anyone Mr. Biden might pick. This is especially so as Mr. Biden comes und ....

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G-7 Strikes Deal to Revamp Tax Rules for Biggest Firms

(Bloomberg) Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The Group of Seven rich nations secured a landmark deal that could help countries collect more taxes from big companies and enable governments to impose levies on U.S. tech giants such as Amazon Inc. and Facebook Inc. The agreement by the G-7 finance ministers in London satisfies a U.S. demand for a minimum corporate tax rate of “at. ....

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Senate Gives Hope to U.S. Importers Affected by Section 301 Tariffs | Faegre Drinker Biddle & Reath LLP


On May 27, 2021, the Senate voted to amend the
United States Innovation and Competition Act (the Act), formerly the
Endless Frontier Act, a bill that started as an effort to increase the United States’ competitive advantage in the world through investments in research and technology, but that has morphed into a broad China-centered legislative package including trade components. Included in the package is an amendment, entitled the
Trade Act of 2021, which would allow substantial opportunities for importers to obtain relief from the Section 301 tariffs currently imposed on certain Chinese-origin products.
The amendment, a bipartisan compromise between Senate Finance Committee Ranking Member Mike Crapo (R-ID) and Senate Finance Committee Chairman Ron Wyden (D-OR), would renew and extend expired exclusions to tariffs on Chinese goods resulting from the ....

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