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The debate puts Biden, who campaigned on reversing most of Trump's tax moves, including the SALT caps, in the unusual spot of siding against reversing a Trump policy. But so far, those lawmakers who want to reverse this particular Trump policy aren't budging. Proponents of keeping SALT caps, including progressives, have pointed to the fact that their removal would disproportionately benefit the wealthy. “It’s impossible to deny that Republicans when they fashioned their tax bill, were quick to try to use wedge issues wherever possible,” Totten said. Prior to the cap, the average SALT deduction in New Jersey had been upwards of $19,000, according to the Tax Policy Center.
Persons: Joe Biden’s, Donald Trump's, Biden, Democratic Party —, Trump, Nancy Pelosi, Chuck Schumer, haven’t, Biden doesn’t, , Glenn Totten, Mitch McConnell, Jen Psaki, Axios, Maura Quint, “ We’re, Josh Gottheimer, , Mikie Sherrill, Tom Suozzi, Gottheimer, Suozzi, Pelosi, ” Schumer, filers, Andrew Cuomo, ” Totten, Joel Payne, Payne, Biden “, Biden’s, Quint Organizations: Democratic Party, White, Democratic, NBC News, Democrats, , Senate, Republicans, New York Gov, Tax, Trump Locations: Northeast, California, , D, New York , New Jersey , Connecticut, Brookings, New Jersey, New York, Oklahoma, Trump
Activist and Parkland shooting survivor David Hogg announced Saturday he is stepping down from his role at a pillow company intended to rival Mike Lindell’s MyPillow. Hogg said in a tweet that he “resigned and released all shares, any ownership and any control of Good Pillow LLC.,” effective immediately. 7: Effective immediately, I have resigned and released all shares, any ownership and any control of Good Pillow LLC. I want to thank Will for his partnership and wish him absolutely nothing but success with the future of Good Pillow. In February, Hogg announced he was working with software developer William LeGate on a pillow company to compete against MyPillow, which is led by outspoken Donald Trump supporter Mike Lindell.
Persons: David Hogg, Mike Lindell’s MyPillow, Hogg, , , Will, — David Hogg, ” Hogg, Donald Trump, Mike Lindell, ” Lindell, Axios, couldn’t Organizations: Harvard University, MyPillow Locations: Parkland
The move to change filming locations is one of many by companies to combat state voting restrictions. Production for Will Smith and Antoine Fuqua's film "Emancipation" will be moved out of Georgia due to the state's new voting restrictions. The new Georgia voting laws are reminiscent of voting impediments that were passed at the end of Reconstruction to prevent many Americans from voting. Last week, over 100 companies including Apple, ViacomCBS, and Twitter issued a joint statement condemning the state's voting restrictions. Georgia is a top state for film production, housing outposts for entertainment companies like The CW, Marvel, Netflix , and HBO Max .
Persons: Will Smith, Antoine Fuqua, Antoine Fuqua's, Oscar, Smith, Fuqua, Tim Cook, Axios, HBO Max, Kai, Peter, emancipates Organizations: Republican, Apple Studios, Apple, Twitter, Marvel, Netflix, HBO, Union Army Locations: Georgia, . Georgia, Louisiana
John Boehner said he doesn't think he could get elected in today's GOP, the Washington Post reported. "I don't think Ronald Reagan could either," Boehner wrote in his new book. Former House Speaker John Boehner wrote in his new memoir that the Republican Party has taken a stark turn since his time in politics, according to an excerpt reported by the Washington Post on Friday. "I don't even think I could get elected in today's Republican Party anyway," Boehner wrote. Axios reported Boehner also went off-script at one point when recording the audio version of his memoir, adding: "Oh, and Ted Cruz, go f--- yourself."
Persons: John Boehner, Ronald Reagan, Boehner, Read, Todd Young, you've, Donald Trump, Trump, Sen, Ted Cruz, Axios Organizations: today's GOP, Washington Post, Republican Party, Washington, today's Republican Party, Ohio's, Congressional, GOP, New York Times, Politico Locations: today's, Ted Cruz of Texas
David Hogg announced Saturday he is stepping down from his pillow company, Good Pillow. Parkland shooting survivor and pillow entrepreneur David Hogg announced Saturday he is permanently stepping away from his company, Good Pillow. Taking to Twitter, he said: "Effective immediately, I have resigned and released all shares, any ownership and any control of Good Pillow LLC." The 20-year-old Harvard University student launched Good Pillow to do battle with conservative MyPillow CEO Mike Lindell. Hogg launched the rival company after teaming up with tech mogul William LeGate.
Persons: David Hogg, Mike Lindell's MyPillow, William, Hogg, Mike Lindell, Mike, Sophia Ankel, William LeGate, Lindell, Axios, Insider's Grace Dean Organizations: Twitter, Harvard University, Costco Locations: Parkland
Josh Mandel, running for a vacant Ohio Senate seat, got escorted out of a donor retreat over the weekend. The retreat was hosted by the Republican National Committee and offered candidates coveted opportunities to mingle with donors. Security removed Ohio Senate candidate Josh Mandel from a donor retreat hosted by the Republican National Committee, Axios reported. The retreat, which took place over the weekend in a Palm Beach, Florida, hotel, welcomed guests on an invitation-only basis. By getting booted from the retreat, Mandel loses not only a chance to capitalize on key donor power, but also time to schmooze with the former president and GOP mainstays.
Persons: Josh Mandel, Donald Trump, Axios, Mandel, Jane Timken, Ron DeSantis, DeSantis, Timken, Ohio Sen, Rob Portman Organizations: Ohio Senate, Republican National Committee, GOP, Trump, Florida Gov, Ohio, RNC Locations: Ohio, Palm Beach , Florida, Florida
Trump's plan to start a new social media network is highly unlikely to succeed, experts have told Insider. Now, says his aide Jason Miller, he's planning to come roaring back with his own social media network within "about two or three months." "Until the talked-about social media platform is up, running, and being used, I wouldn't assume it exists." It is not clear that a new social media network will be much help in that regard. "There are hundreds of social media services out there, all competing for limited user attention and limited ad dollars.
Persons: Trump, Donald Trump's, Jason Miller, Miller, Axios, Donald Trump, Peter Loge, George, Trump's, Stephen A, Greyser Organizations: Twitter, Facebook, YouTube, White, George Washington University's School of Media, Public Affairs, Harvard Business School, Republican, Trump
Sen. Ted Cruz derided political criticism from John Boehner as "drunken, bloviated scorn." GOP Sen. Ted Cruz of Texas on Friday tore into former US House Speaker John Boehner of Ohio, labeling criticism from one of the party's most prominent Republicans as "drunken, bloviated scorn." "I wear with pride his drunken, bloviated scorn. "You know yesterday, John Boehner made some news," Cruz said at the time. To which my response was: Who's John Boehner?"
Persons: Sen, Ted Cruz, John Boehner, Boehner, Cruz, GOP Sen, Ted Cruz of, John Boehner of, who's, it's, — it's, Todd Young, you've, Axios, Who's John Boehner, Barack Obama's, Barack Obama Organizations: GOP, CBS, Washington DC, Boehner, Conservative Political Locations: Ted Cruz of Texas, John Boehner of Ohio, Cruz
The 24-7 news cycle and the pandemic has led to a burnout crisis in the media industry. A BuzzFeed spokesperson said the company has instituted monthly mental health days and brought in guest speakers to talk about resilience in the news workplace. Insider has also seen an uptick in mental health leave and feelings of burnout within its newsroom. Newsroom leaders are stepping in to offer burnout supportThe pandemic has forced managers in the media to take more note of mental health. This year, Axios signed up with a new mental health partner called Ginger that provides app-based mental healthcare.
Persons: Erin Millar, IndigiNews, Millar, Stacy, Marie Ishmael, Millie Tran, Ishmael, It's, Gregg Birnbaum, Kate Nocera, " Nocera, Nocera, BuzzFeed, Benjamin Cohen, Matt Crossick, Jon Allen, Biden, Michael Slackman, Slackman, Whatever's, Axios, Ginger, Dominique Taylor, PinkNews, Cohen, Uber, Bruce Daisley, Birnbaum Organizations: Media, Workers, UK's National Union of Journalists, Journalists, Texas Tribune, NBC, Trump, CNN, New York Post, BuzzFeed, Reuters Institute for, Journalism, University of Toronto, NBC News, New York Times, Microsoft, BBC, Guardian, The Telegraph, Fortune Locations: British Columbia, , New York, Miami, Washington
LOS ANGELES — The campaign to recall California Gov. "If you look at the statewide races, the Republican Party has effectively become a third party in California." Last month, Dan Newman, a campaign adviser for Newsom, said the recall campaign was "pure partisan politics," while Newsom said white supremacists and right-wing militia groups, including the Proud Boys, are among the recall backers. By 2003, just 27 percent of California voters approved of his job performance, the Los Angeles Times reported at the time. The option to recall Davis won 55 percent of the vote.
Persons: Gavin Newsom, Gray Davis, Axios, Caitlyn Jenner, stepparent, Kardashian, Jenner, Mary Carey, Gary Coleman, Larry Flynt, Arnold Schwarzenegger, Kevin Faulconer, John Cox, Newsom, Doug Ose, Rob Stutzman, Schwarzenegger, it's, Davis, we're, Katie Merrill, Ace Smith, Donald Trump, Joe Biden, Dan Newman, We're, Trump, he's, Stutzman, Anne Dunsmore Organizations: ANGELES, California, NBC News, San Diego, Republican, Finance Department, Democratic, Sacramento Press, Republican Party, Republican Party of Trump, California Democrats, Trump, White, MSNBC, Los Angeles Times, Public, Institute of California, Associated Press Locations: Southern California, California
Hunter Biden has reignited a feud with the Trump children, calling them out for getting rich on Trump's dime. In his memoir, Biden says the Trump kids could never get a job outside Trump's business. Hunter Biden has reignited a long-standing feud with the Trump children, calling them out for "(reaping) the benefits of their family name." In his new memoir, "Beautiful Things," Biden calls the Trump kids — Donald Trump Jr., Ivanka Trump, and Eric Trump — out for not being able to get a job outside of their father's business. "We can talk about all of the places where I am supposedly grifting but Hunter Biden isn't….
Persons: Hunter Biden, Trump, Biden, Don Jr, Donald Trump Jr, Ivanka Trump, Eric Trump —, I've, Joe Biden's, Burisma, haven't, Axios, Hunter Biden isn't …, Eric Trump Organizations: Trump, Burisma Holdings, Fox News
How FinTech is a threat to Big Banks
  + stars: | 2021-04-08 | by ( ) www.cnbc.com sentiment -0.96   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow FinTech is a threat to Big BanksAccording to Jamie Dimon's 2021 shareholder letter, Big Banks are facing big competition from FinTech. Rebecca Felton, senior market strategist at Riverfront Investment Group, and Dan Primack, business editor at Axios, joined "Squawk Box" on Thursday to discuss.
Persons: Banks, Jamie Dimon's, Big Banks, Rebecca Felton, Dan Primack Organizations: Riverfront Investment Group, Axios Locations: FinTech
Caitlyn Jenner is seeking political advice from Brad Parscale on her possible California gubernatorial bid. Parscale is advising Jenner on potential campaign personnel on an unpaid basis, per CNN. The reality TV star is also seeking advice from a former Trump campaign fundraiser, Caroline Wren. Caitlyn Jenner is seeking political advice from former President Donald Trump's estranged aide, Brad Parscale, on her possible California gubernatorial bid. Trump turned against Parscale last year as his poll numbers dropped and reports about his longtime aide's aggressive spending habits.
Persons: Caitlyn Jenner, Brad Parscale, Jenner, Caroline Wren, Donald Trump's, Parscale, Axios, Gavin Newsom, Newsom, Arnold Schwarzenegger, Ronald Reagan, Trump, Candice Parscale, Candice Organizations: CNN, Trump, The New York Times, Republican, Gov Locations: California
Caitlyn Jenner Is Exploring a Run for Governor of California
  + stars: | 2021-04-08 | by ( Maggie Haberman | ) www.nytimes.com + 0.56   time to read: +1 min
Caitlyn Jenner, a former Olympian and prominent transgender activist, is exploring a run for governor of California against Gov. Gavin Newsom, a Democrat, who is facing a possible recall election later this year, according to people familiar with her thinking. Ms. Jenner, a longtime Republican, is being advised by Brad Parscale, Donald J. Trump’s former campaign manager, according to a person familiar with their discussions. Ms. Jenner is also said to be working with Caroline Wren, a prominent G.O.P. According to Axios, Ms. Wren connected with Ms. Jenner through a Republican nonprofit working on L.G.B.T.Q.
Persons: Caitlyn Jenner, Gavin Newsom, Jenner, Brad Parscale, Donald J, Trump’s, Parscale, Ms, Caroline Wren, Axios, Wren, Newsom Organizations: Gov, Democrat, Republican, Trump Locations: California
The US banned Xinjiang cotton imports in January, and major US companies have boycotted using it. Axios reported that Olympics organizers hired a firm that uses Xinjiang cotton to make Tokyo Games uniforms. The International Olympic Committee contracted a Chinese textiles company that uses Xinjiang cotton to make staff uniforms for the Tokyo Games, Axios reported. The company also oversees a franchise factory in Xinjiang, Axios said. The use of Xinjiang cotton has become a politically fraught issue.
Persons: Axios, JD.com, Murad Sezer, Armour, Penelope Kyritsis Organizations: Tokyo, Olympic Committee, Tokyo Games, IOC, Reuters, Nike, Hengyuanxiang, Worker Rights Consortium Locations: China, Xinjiang, Beijing, Istanbul, Turkey, Uyghur, Uyghur Region
Caitlyn Jenner is reportedly considering a run for California governor
  + stars: | 2021-04-06 | by ( Oma Seddiq | ) www.businessinsider.com sentiment -1.00   time to read: +1 min
Caitlyn Jenner is considering a run for California governor, according to Axios. Gavin Newsom likely faces a recall election this year. Caitlyn Jenner is considering a run for California governor as Gov. Caroline Wren, a Republican fundraiser who previously fundraised for former President Donald Trump's 2020 campaign, is working with Jenner, Axios reported. Should she decide to join the race, Jenner will join three Republicans who have already announced their intentions to run in a recall election.
Persons: Caitlyn Jenner, Gavin Newsom, Jenner, Caroline Wren, Donald Trump's, Axios, Wren, Newsom, Gray Davis, Arnold Schwarzenegger Organizations: California, Republican, Gov, US, Democratic Gov, Republican Gov, Republicans, The New York Times
The US and its allies are discussing a possible boycott of the 2020 Beijing Olympics. "It is something that we certainly wish to discuss," the State Department said on Tuesday. The US is considering a joint boycott of the 2022 Winter Olympics in Beijing over the Chinese government's human rights abuses, the State Department said Tuesday. "It is something that we certainly wish to discuss," State Department spokesperson Ned Price said. There have been growing calls for countries and companies to boycott the 2022 Beijing Olympics.
Persons: Ned Price, Price, Antony Blinken, Biden, Blinken, Djaouida Siaci, Axios, GOP Sen, Mitt Romney, Romney Organizations: State Department, Treasury Department, The EU, US, International, Court, GOP, New York Times, Beijing Olympics, Communist Party, US Olympic Locations: Beijing, China, Alaska, Xinjiang, The, Canada, Moscow
Yellen Calls for Global Minimum Corporate Tax Rate
  + stars: | 2021-04-05 | by ( Kate Davidson | ) www.wsj.com sentiment -0.91   time to read: +1 min
WASHINGTON—Treasury Secretary Janet Yellen argued for a global minimum corporate tax rate Monday, as she makes the case for President Biden’s $2.3 trillion infrastructure proposal ahead of virtual meetings with global counterparts this week. “Competitiveness is about more than how U.S.-headquartered companies fare against other companies in global merger and acquisition bids,” she said in remarks to the Chicago Council on Global Affairs on Monday. It would raise the corporate tax rate to 28% from 21%, increase minimum taxes on U.S. companies’ foreign income and make it harder for foreign-owned companies with U.S. operations to benefit from shifting profits to low-tax countries. “We are working with G-20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom,” Ms. Yellen said. The remarks were earlier reported by Axios.
Persons: Janet Yellen, Biden’s, , ” Mr, Ms, Yellen, Axios Organizations: “ Competitiveness, Chicago Council, Global Affairs Locations: WASHINGTON
Treasury’s Yellen Calls for Global Minimum Corporate Tax Rate
  + stars: | 2021-04-05 | by ( Kate Davidson | ) www.wsj.com sentiment -0.91   time to read: +1 min
WASHINGTON—Treasury Secretary Janet Yellen argued for a global minimum corporate tax rate Monday, as she makes the case for President Biden’s $2.3 trillion infrastructure proposal ahead of virtual meetings with global counterparts this week. “Competitiveness is about more than how U.S.-headquartered companies fare against other companies in global merger and acquisition bids,” she said in remarks to the Chicago Council on Global Affairs on Monday. It would raise the corporate tax rate to 28% from 21%, increase minimum taxes on U.S. companies’ foreign income and make it harder for foreign-owned companies with U.S. operations to benefit from shifting profits to low-tax countries. “We are working with G-20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom,” Ms. Yellen said. The remarks were earlier reported by Axios.
Persons: Janet Yellen, Biden’s, , ” Mr, Ms, Yellen, Axios Organizations: “ Competitiveness, Chicago Council, Global Affairs Locations: WASHINGTON
Treasury’s Yellen to Call for Global Minimum Corporate Tax Rate
  + stars: | 2021-04-05 | by ( Kate Davidson | ) www.wsj.com sentiment -0.97   time to read: +1 min
WASHINGTON—Treasury Secretary Janet Yellen will argue for a global minimum corporate tax rate Monday, as she makes the case for President Biden’s $2.3 trillion infrastructure proposal ahead of virtual meetings with global counterparts this week. “Competitiveness is about more than how U.S.-headquartered companies fare against other companies in global merger and acquisition bids,” she will say, according to an excerpt of prepared remarks to be delivered to the Chicago Council on Global Affairs on Monday. It would raise the corporate tax rate to 28% from 21%, increase minimum taxes on U.S. companies’ foreign income and make it harder for foreign-owned companies with U.S. operations to benefit from shifting profits to low-tax countries. “We are working with G-20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom,” Ms. Yellen will say. The remarks were earlier reported by Axios.
Persons: Janet Yellen, Biden’s, , ” Mr, Ms, Yellen, Axios Organizations: “ Competitiveness, Chicago Council, Global Affairs Locations: WASHINGTON
U.S. Treasury Secretary Yellen to call for global minimum tax rate: Axios
  + stars: | 2021-04-05 | by ( Reuters Staff | ) www.reuters.com sentiment -0.90   time to read: 1 min
FILE PHOTO: U.S. Treasury Secretary-designate Janet Yellen in Wilmington, Delaware, U.S., December 1, 2020. REUTERS/Leah Millis/File Photo(Reuters) - U.S. Treasury Secretary Janet Yellen will on Monday call for a global minimum corporate tax rate, in a speech to the Chicago Council on Global Affairs, Axios reported. "We are working with G20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom," Yellen will say in her speech, according bit.ly/3uo2lY9 to an excerpt of her prepared remarks cited by Axios.
Persons: Janet Yellen, Leah Millis, Axios Organizations: Treasury, REUTERS, . Treasury, Chicago Council, Global Affairs Locations: Wilmington , Delaware, U.S
U.S. Treasury Secretary Yellen to call for global minimum tax rate - Axios
  + stars: | 2021-04-05 | by ( Reuters Staff | ) www.reuters.com sentiment -0.85   time to read: 1 min
April 5 (Reuters) - U.S. Treasury Secretary Janet Yellen will on Monday call for a global minimum corporate tax rate, in a speech to the Chicago Council on Global Affairs, Axios reported. "We are working with G20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom," Yellen will say in her speech, according bit.ly/3uo2lY9 to an excerpt of her prepared remarks cited by Axios.
Persons: Janet Yellen, Axios Organizations: . Treasury, Chicago Council, Global Affairs
Yellen to call for a global minimum corporate tax rate.
  + stars: | 2021-04-05 | by ( Alan Rappeport | ) www.nytimes.com sentiment -0.73   time to read: +1 min
Treasury Secretary Janet L. Yellen will make the case on Monday for a global minimum tax as part of an effort to help raise revenue in the United States and prevent companies from shifting profits overseas to evade taxes. Ms. Yellen, in a speech to the Chicago Council on Global Affairs, will call for global coordination on an international tax rate that would apply to multinational corporations, regardless of where they locate their headquarters. “Competitiveness is about more than how U.S.-headquartered companies fare against other companies in global merger and acquisition bids,” Ms. Yellen will say. Under former President Donald J. Trump, the rate in the United States was cut from 35 percent to 21 percent. President Biden wants to raise that rate to 28 percent.
Persons: Janet L, Yellen, Biden, Biden’s, ” Ms, Ms, Yellen’s, Donald J, Trump Organizations: Chicago Council, Global Affairs, Competitiveness, Axios Locations: United States
Credit... Alexandre Meneghini/Reuters The Centers for Disease Control and Prevention issued long-awaited technical guidance for cruise lines on Friday, bringing them one step closer to sailing again in United States waters. Under former President Donald J. Trump, the rate in the United States was cut from 35 percent to 21 percent. Credit... Gregg Vigliotti for The New York Times At one point the target was the start of 2021. Adding some uncertainty to the bullish numbers is a rise in coronavirus cases in the United States after weeks of decline. The United States is particularly important to the world economy because it has long spent more than it sells.
Persons: Alexandre Meneghini, Yellen, Andrew Harnik, Janet L, Biden, Biden’s, ” Ms, Ms, Yellen’s, Donald J, Trump, , Gregg Vigliotti, hasn’t, JPMorgan Chase, Wells, Lauren Hirsch, Carlo Allegri, Ben Casselman, Brent, Companies Tesla, Shaundell Newsome, Bridget Bennett, Ashley Harrington, Times’s Stacy Cowley, Jenell Ross, Scott McIntyre, Smialek, Jack Ewing, Jerome H, Powell, Tom Jamieson, David Segal, Hishem Ferjani, it’s, It’s Organizations: Waters, Dow, Cruise, Reuters, Centers, Disease Control, Chicago Council, Global Affairs, Credit, Associated Press, Competitiveness, Axios, Organization, Economic Cooperation, Development, The New York Times, IBM IBM, JPMorgan, PricewaterhouseCoopers, Walmart, GameStop, Street, Nikkei, Stock, Labor Department, West Texas, OPEC, Companies, Small, America’s, New York Times, Center for, Lending, United, Federal Reserve, The New York Times Small, and Drink, European Union Locations: United States, Europe, Florida, U.S, New York City, Bentonville, Ark, Wells Fargo, Japan, South Korea, China , Hong Kong, The, China, York, The New York Times Small British, Bonn, Germany
Former House Speaker John Boehner didn't mince words about his ex-GOP colleagues in his new book, "On the House." Boehner calls Sen. Ted Cruz of Texas "dangerous" and a "reckless a--hole" in an excerpt of his forthcoming book. This isn't the first time Boehner, who served as House speaker from 2011-2015, has made his dislike for Cruz known. Former House Speaker John Boehner didn't mince words when reflecting on his GOP congressional colleagues, including Sen. Ted Cruz of Texas, who he called "dangerous" and a "reckless a--hole" in an excerpt from his new book. There is nothing more dangerous than a reckless a--hole who thinks he is smarter than everyone else.
Persons: John Boehner didn't, Boehner, Sen, Ted Cruz, Cruz, Axios, Lucifer, Barack Obama, Obama Organizations: Politico, Stanford University, Republicans Locations: Ted Cruz of Texas, Kenyan, America
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