More wealthy Americans are seeking to move out of the country with one foreign residency expert saying it may be due to a higher tax climate and regulations imposed by the Biden administration. One America’s John Hines has more.
An anti-poverty organization calls for the government to impose a one-time tax on the world’s billionaires to fund COVID-19 vaccines. On Monday, Oxfam called for a 99 percent tax on the world’s richest, suggesting the money be used to fund the production of vaccines for the poor.
Due to tax changes contained in Joe Biden’s American Rescue Plan, payment apps like Venmo and Zelle will be required, beginning January 1, to notify the IRS about business transactions totaling $600 or more. One America’s John Hines has more.
It’s becoming increasingly unlikely Democrats will be able to pass Joe Biden’s Build Back Better agenda before the New Year. Bloomberg reported Thursday that Democrat leaders in the Senate failed to break a deadlock over the massive spending agenda.
Sen. Joe Manchin (D-W.Va.) is ramping up criticism of Joe Biden’s spending plans, saying America can not afford the so-called Build Back Better agenda.
Economist Mohamed El-Erian is criticizing the Federal Reserve for failing to tackle inflation. During an interview Sunday, he said the U.S. has not yet reached peak inflation and it could go higher from last month’s reading of 6.8 percent.
Sen. John Barrasso (R-Wyo.) said “everything Joe Biden touches makes inflation worse.” One America’s John Hines has more from Capitol Hill.
In Focus UPDATED 2:16PM PT – Wednesday, February 24, 2021 Citizens United President David Bossie discusses the Supreme Court’s decision not to intervene in the…