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☆ Fact check: Biden makes false and misleading claims during Pennsylvania campaign swing
  + stars: | 2024-04-19 | by ( Daniel Dale | ) edition.cnn.com   time to read: +16 min
Washington CNN —President Joe Biden spent three days this week campaigning in the critical swing state of Pennsylvania. (The White House corrected the official transcript of Biden’s speech to make clear Biden should have said 2025 instead of 2024.) In other words, there will clearly still be some big and profitable corporations paying no federal income tax despite the existence of the new Biden tax. The center found that the top 0.1% of households paid an average effective federal tax rate of about 30.3% in 2020, including an average income tax rate of 24.3%. “The deficit is a trillion dollars lower, roughly, than when President Biden took office.
Persons: Joe Biden, Ambrose Finnegan, Biden, Jill Biden, PolitiFact, they’ll, it’s, “, Tami Luhby, —, ’ They’ve, Fuxian Yi, Yi, “ It’s, Derek Scissors, Trump, ” Biden, Biden’s “, Matthew Gardner, ” Howard Gleckman, Gleckman, Emmanuel Saez, Gabriel Zucman “, ”, I’ve, Donald Trump, ” Marc Goldwein, Goldwein, he’s, Afghanistan Biden, Biden’s, Finnegan, Finnegan “, Donald Judd, spokespeople, Andrew Bates Organizations: Washington CNN, Defense, Medicare, China, University of Wisconsin, Madison, American Enterprise Institute, CNN, Taxation, Economic, US, Biden, White, Urban, Brookings Tax, Urban Institute, University of California, Tax, Center, Trump, Federal Budget, Washington Post, Defense Department, Defense POW Locations: Pennsylvania, China, Iraq, Afghanistan, Scranton, Pittsburgh, America, Berkeley, “, New Guinea, ” New Guinea
☆ A handful of PMs have exited $20 billion Balyasny following departure of global equities head
  + stars: | 2023-11-03 | by ( Alex Morrell | ) www.businessinsider.com   time to read: 1 min
Four stock-picking PMs have recently left Balyasny Asset Management. The departures follow the exit of global equities chief Jeffrey Runnfeldt in October. Balyasny is up 2.8% this year, lagging most of its peers. A handful of long-short equities portfolio managers have departed $20 billion Balyasny Asset Management, which parted ways with its global equities chief in October. Four stock-pickers have recently left the fund, according to people familiar with the matter, including TMT investor Rob Bevegni, consumer PMs Jeff Russel and Matthew Gardner, and healthcare PM Chris Kuehnle.
Persons: Jeffrey Runnfeldt, Balyasny, Rob Bevegni, Jeff Russel, Matthew Gardner, Chris Kuehnle Organizations: Asset Management, Management
☆ State tax rates are not central to migration patterns, says ITEP's Matthew Gardner
  + stars: | 2023-03-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailState tax rates are not central to migration patterns, says ITEP's Matthew GardnerJared Walczak, vice president of state projects for the Tax Foundation, and Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy (ITEP), join 'Squawk Box' to discuss migration patterns due to different state tax rates, what taxes are less harmful to the economy than income taxes and more.
☆ U.S. house prices to fall 12% peak to trough: analysts - Reuters poll
  + stars: | 2022-12-02 | by ( Hari Kishan | ) www.reuters.com   time to read: +3 min
Such a modest fall after a 40% rise in average house prices over the last two years based in part on a surge in demand for more space during the COVID-19 pandemic will not be enough to make housing affordable, analysts said. House prices have doubled in the last decade but a doubling in mortgage rates since the start of this year from 3.3% to around 6.5% has brought the historic boom to a screeching halt. Average U.S. house prices as measured by the Case Shiller 20-City index are forecast to rise 13.6% this year and fall over 5.6% in 2023, the Nov. 8 - Dec. 2 poll of 25 housing strategists showed. If realized, it would be the first full-year decline in house prices in a decade. Average U.S. house prices peaked in June on this measure and are already down about 4% since then.
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