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By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDuring a rally in Nevada on Sunday, former President Donald Trump proposed eliminating taxes on income earned from tips. It could also mean consumers — many already experiencing tipping fatigue as tipping culture pervades more industries — would be asked to tip in additional situations so workers could receive untaxed income. AdvertisementA spokesperson for the Trump campaign told BI that, if elected, Trump planned to ask Congress to eliminate taxes on tips.
Persons: , Donald Trump, Trump, it's, Joe Biden, Martha Gimbel, Gimbel, Steven, David Kamin, Obama, Kamin, Bank Organizations: Service, Wall Street, Business, Social Security, Medicare, IRS, Biden, Yale, Steven Bank, UCLA School of Law, New York University, Bank Locations: Nevada
Taxing vs. spending problem: What's next for tax policy reform
  + stars: | 2024-05-30 | 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 EmailTaxing vs. spending problem: What's next for tax policy reformRohit Kumar, PWC Washington National Tax Services principal and co-leader, and Kimberly Clausing, UCLA School of Law economist and professor, join 'Squawk Box' to discuss the state of tax policy reform, what could be next for tax policy under a future Biden or Trump administration, and more.
Persons: Rohit Kumar, PWC, Kimberly Clausing, Trump Organizations: PWC Washington National Tax Services, UCLA School of Law, Biden Locations: PWC Washington
New York CNN —Former President Donald Trump’s trade agenda amounts to a tripling-down of the trade war he waged during his first term in office. That’s nearly five times the total cost as a share of GDP from the 2018-2019 US-China trade war. Trump’s tariff proposals would cost the typical middle-income household at least $1,700 a year, the researchers found. Those aren’t comparable numbers,” Clausing said, referring to the amount of imports targeted by Biden and by Trump tariffs. Likewise, the US International Trade Commission found in a 2023 study that US importers “bore nearly the full cost” of tariffs.
Persons: Donald Trump’s, Trump, That’s, Kimberly Clausing, Mary Lovely, Clausing, aren’t, , Joe Biden, , Biden, ” Biden hasn’t, Janet Yellen, ” Yellen, ” Clausing, Karoline Leavitt, , Bidenomics, ” Leavitt, Leavitt, Moody’s, Mark Zandi, ” Goldman Sachs, ” ‘, ” Chris Krueger Organizations: New, New York CNN, Trump, Peterson Institute for International Economics, Peterson Institute, UCLA School of Law, CNN, ” Biden, Biden, Treasury Department, US International Trade Commission, , Cowen’s Washington Research Group Locations: New York, China, Frankfurt, Germany, Europe, United States, U.S, Washington
Facts First: The system, as it is currently set up, is working, and effectively prevents mass voting by non-citizens in US elections. Despite Johnson’s focus on this topic, it is extremely rare, according to decades of voting data and nonpartisan experts. In federal and state elections, where voting by non-citizens is illegal, it occurs on a microscopic level. This system, as shown from decades of data, is very effective at stopping non-citizens from registering and voting in federal elections. Further, from a common-sense perspective, there’s little to gain for an undocumented immigrant who theoretically wants to vote in a presidential election.
Persons: Donald Trump, Mike Johnson, , Johnson, ” Johnson, David Becker, Brennan, There’s, they’d, Rick Hasen, you’re, Trump, Hillary Clinton, CNN’s Marshall Cohen, ” Trump, Trump’s, Piper Hudspeth Blackburn, Daniel Dale Trump, Biden, Trump baselessly, , Matthew Colangelo, Alvin Bragg, Bragg, Colangelo, Joe Biden, Gainor Trump, , Roe, Wade, Roe V, Wade ”, Read, Daniel Dale Organizations: CNN, Election Innovation, Research, Brennan Center for Justice, UCLA School of Law, Trump, Democratic, Mar, Manhattan District Attorney, Biden, Justice Department, US Customs Locations: United States, Venezuela, Congo, Democratic Republic of Congo, Republic of Congo, York, Manhattan, Mar
WASHINGTON (AP) — To his supporters, Alejandro Mayorkas is a thoughtful, driven secretary — a “Boy Scout” — who brings a prosecutor's tenacity and his personal understanding of the immigrant experience in America to running his sprawling agency. But it is the department’s role in immigration that has made Mayorkas a target of impeachment. Mayorkas said his immigrant and refugee background mean that he brings an intense patriotism to the job. Citizenship and Immigration Service, Mayorkas put in place a program giving protection from deportation to migrants brought to the border as children. Since taking the job as DHS secretary, Mayorkas has been subject to often hostile rhetoric over the administration's handling of the border and immigration.
Persons: , Alejandro Mayorkas, Ali, he’ll, Tom Warrick, ” Warrick, Joe Biden, Biden, Mayorkas, Donald Trump, , , didn’t, Cecilia Munoz, Obama, Munoz, Barack Obama, “ He’s, Mark Green of, impeaching, William Belknap, Ulysses Grant, Brandon Judd, Trump, Judd, Ahilan Arulanantham, Arulanantham, Angela Kelley Organizations: WASHINGTON, Department of Homeland Security, Republicans, Atlantic Council, , DHS, Republican, Associated Press, Mayorkas, White, . Citizenship, Immigration Service, Democratic, Trump, House Homeland Security, National Border Patrol Council, Security, Border Patrol, Biden, Center for Immigration Law, UCLA School of Law, American Immigration Lawyers Association, Congress Locations: America, U.S, Mexico, United States, Washington, Ukraine, California, Cuba, Los Angeles, Miami, Mark Green of Tennessee
The case involves hedge fund manager George Jarkesy, who the SEC fined and barred from the industry after determining he had committed securities fraud. Critics of the agency have argued that its in-house system gives it the unfair advantage of prosecuting cases before its own judges rather than before a jury in federal court. The case could make it harder for the SEC weed out bad actors in the securities industry, legal experts said. The court in 2018 faulted the way the SEC selected its in-house judges, and in April made it easier for targets of agency actions to mount challenges in federal court. The FINRA case - a constitutional challenge to its structure brought by Utah-based Alpine Securities Corp - is currently before another federal appellate court and eventually could come to the Supreme Court.
Persons: Andrew Kelly, Joe Biden's, George Jarkesy, Jarkesy, infringes, Benjamin Edwards, Edwards, FINRA, James Park, Andrew Chung, Will Dunham Organizations: U.S . Securities, Exchange Commission, SEC, Washington , D.C, REUTERS, Exchange, Circuit, 5th Circuit, Financial Industry Regulatory Authority, University of Nevada, Consumer, U.S, Constitution, Patriot28, Securities, Jarkesy, Alpine Securities Corp, Supreme, UCLA School of Law, Thomson Locations: Washington ,, New Orleans, Constitution's, Las Vegas, Houston, disgorge, Utah
New York CNN —Wendy’s and McDonald’s have emerged victorious from a lawsuit that accused the fast food chains of false advertising. Major fast food chains, including Burger King, Arby’s and Taco Bell, have all been targets lately for lawsuits that allege they’re misrepresenting food in their marketing. The explosion has been largely driven by the efforts of a handful of lawyers arguing that food in ads appears more bountiful than what customers actually get. In response, the fast food chains deny the accusations. Burger King, for example, said about a similar lawsuit that “reasonable consumers viewing food advertising know” that food in ads “has been styled to make it look as appetizing as possible.”
Persons: New York CNN —, Wendy’s, Hector Gonzalez, Wendy’s didn’t, Burger, Taco, , ” Tommy Tobin, Perkins Coie, , Burger King Organizations: New, New York CNN, Taco Bell, UCLA School of Law, CNN Locations: New York
I want queer people to know that they need to start planning their financial futures early. I think LGBTQ+ people should start investing their money in companies and products that matter. When I founded Alternative Wealth Partners, a private-equity firm, I learned that while money is green, "pink money" is also very real and very powerful. Specifically, queer people should seek out openly queer financial advisors or lawyers to help with financial planning. I also recommend queer people invest their money with purposeLGBTQ+ people have a lot of power as consumers and investors.
Persons: it's, Organizations: Wealth Partners, Williams Institute, UCLA School of Law Locations: It's
New York CNN —Dylan Mulvaney on Thursday broke her silence about the fallout that occurred after the trans influencer made two Instagram posts sponsored by Bud Light earlier this year. Bud Light’s sponsorship of an April 1 Instagram post by Mulvaney set off a firestorm of anti-trans backlash and calls for a boycott. But later it released a vague statement from the CEO that failed to offer support for Mulvaney or the trans community. The Bud Light backlash also coincided with anti-LGBTQ+ campaigns against other big brands, including Target. “I think the conversation surrounding Bud Light has moved away from beer, and the conversation has become divisive, and Bud Light really does not belong there, Bud Light should be about bringing people together,” Whitworth said.
Persons: New York CNN — Dylan Mulvaney, Bud Light, Bud Light’s, Mulvaney, ” Mulvaney, Bud, Brendan Whitworth, ” Whitworth, I’ve, ” –, Danielle Wiener, Bronner Organizations: New, New York CNN, American Civil Liberties Union, UCLA School of Law, Target, Bud Light, Anheuser, Busch, CBS, CNN Locations: New York
According to research by the Clark University professor Abbie Goldberg published in January by the Williams Institute at the UCLA School of Law, which surveyed 113 parents in Florida who are L.G.B.T.Q. And as the study notes, for some families with L.G.B.T.Q. legislation creates “will be significant.” Uprooting and moving to get away from political persecution is a privileged option that’s just not feasible for everyone, at least in the short term. One high-profile family that resolved to leave Florida is that of Dwyane Wade, who won three N.B.A. The couple has a transgender daughter, 16-year-old Zaya, and Wade has said that Florida’s anti-L.G.B.T.Q.
Persons: Kelley Robinson, Abbie Goldberg, Florida’s, , Goldberg, Dwyane Wade, Gabrielle Union, Wade, Organizations: Human Rights, Clark University, Williams Institute, UCLA School of Law, ” —, Miami Heat Locations: America, Florida, Miami,
For companies, the stakes are high this Pride
  + stars: | 2023-06-01 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +10 min
New York CNN —Companies have long embraced Pride Month in June as an uncomplicated way to market to members of the LGBTQ+ community while telegraphing progressive values. Gavin Newsom called out Target’s CEO for “selling out the LGBTQ+ community to extremists.”The current landscape “is alarming,” Todd said. “That middle ground is going away.”So this year, companies that want to participate in Pride have to be prepared to take a real stance. Some of those lashing out have described a campaign against Pride itself, rather than Bud Light or Target (TGT) specifically. It won’t be worth whatever they think they’ll gain.”It’s no coincidence that the anti-trans assault comes as trans rights are under legal attack across the nation.
Persons: Bud Light, Bud Light’s Instagram, Bud, BUD, Eric Thayer, , Daniel Korschun, , , Jared Todd, Gavin Newsom, ” Todd, ” Korschun, Sen, J.D, Vance, J, Justin Sullivan, Anna Moneymaker, Matt Walsh, Sarah Kate Ellis, Ellis, Trevor, Seth Wenig, ” Ellis, Todd, It’s, didn’t, Colin Kaepernick, Drexel’s, Korschun, Jared Watson, ” Watson, Watson, Pattie Gonia, ’ ” Watson, Organizations: New, New York CNN — Companies, Target, Bud Light, Anheuser, Busch, National LGBT Chamber of Commerce, Bloomberg, Getty, Drexel University, Wall Street, Foundation, Human Rights, HRC, California Gov, , Pride, Twitter, HumanRights, UCLA School of Law, GLAAD, Morning, Nike, New York University, Locations: New York, Ohio, Target, California, America, New Jersey
New York CNN —When a Target distributor reached out to Erik Carnell last year about possibly placing his brand, Abprallen, in Target stores, he was thrilled. In the following months, Carnell pitched Target and came up with designs that would be appropriate for the big box store, he said. Ultimately, Target started selling three Abprallen items for adults: A sweatshirt, a tote bag and a messenger bag, each emblazoned with a different phrase. By Wednesday, Target had pulled Abprallen items from its US stores and online market, Reuters reported. Pride month merchandise is displayed at the front of a Target store in Hackensack, N.J., Wednesday, May 24, 2023.
New York CNN —Last year, the Human Rights Campaign Foundation gave Bud Light parent company Anheuser-Busch a top rating for LGBTQ+ equality. Bud Light sales dropped in the ensuing weeks. Bud Light has been embroiled in controversy since April. But Bud Light hasn’t gotten the benefit of support for its initial deal with Mulvaney because of its subsequent reaction. During the discussion, he mentioned that Bud Light is just one brand within the company’s broad portfolio, which has not changed its full-year outlook.
Several states across the country have imposed bans on books, K-12 educational curricula and diversity programs in recent months. And even where statewide bans are not in place, restrictive measures are being enacted by local school boards. The mere mention of structural racism or gender discrimination or sexuality can potentially cost educators and librarians their jobs. The beginnings of this national movement to defend the freedom to learn is rekindling relationships between college students and civil rights activists and inspiring new ones between college faculty and K-12 teachers and librarians. With such formidable alliances among students, teachers, organizers and academics being forged in communities across the country, we finally have an answer to reverse the swelling tide of injustice and authoritarianism.
New York CNN —For years, Bud Light leaned on jokey ad campaigns and its designation as a light beer to push sales. Now, Bud Light finds itself seeking younger drinkers, and stumbling through America’s polarized landscape in the process. There have been calls for a Bud Light boycott. And the stock of Bud Light owner Anheuser-Busch (BUD) has fallen only about 3% in the last month, suggesting Wall Street isn’t too worried. Bud Light, he thinks, could be missing out on that type of support.
New York CNN —Several Anheuser-Busch facilities received threats last week, a company spokesperson confirmed, following weeks of backlash against Bud Light because it sponsored two Instagram posts from a transgender woman. Mulvaney’s timeline shows one previous post that is also marked as a Bud Light partnership. Siegfried Anthony/STAR MAX/IPx 2023/APMulvaney is among many social media personalities that Bud Light partners with, Anheuser-Busch said in a statement to CNN last week. “F**k Bud Light, F**k Anheuser-Busch,” he said. Anheuser-Busch (BUD) is set to report its first-quarter financial results, including revenue, on May 4.
According to the DOJ, Google should have adjusted its defaults in mid-2019, "when the company reasonably anticipated this litigation." Meanwhile, DOJ alleged, Google "falsely" told the government it had "'put a legal hold in place' that 'suspends auto-deletion.'" The alleged issue is one that previously came up in Epic Games' antitrust litigation against Google. The DOJ alleged that even after Epic confronted Google about the chat deletion concerns in that case, Google still withheld its deletion policy from the federal government "and continued to destroy written communications in this case." Scallen said that if Google "didn't give clear directions to retain" relevant chats "this notion that they left it to the individuals, that's just not responsible."
A GOP Arkansas bill targeting drag is so confusing it may not even apply to most drag performances, according to a constitutional expert. According to an Arkansas drag queen, the bill would severely impact the LGBTQ+ community. If enacted, it would classify a drag performances and places that host them as "adult-oriented" — like adult video stores and strip clubs. Arkansas drag queen MD Hunter has been "on the front lines" fighting against SB43On January 19, Arkansas drag queen MD Hunter gave a testimony before the Arkansas Senate about SB43. Despite the confusing nature of the bill, drag advocates are worried about how it could be applied.
WASHINGTON, Dec 14 (Reuters) - Survivors of mass shootings targeting U.S. LGBT nightclubs detailed the violence they endured and criticized inflammatory political rhetoric in a congressional hearing on Wednesday. "We are being slaughtered and dehumanized across this country, in communities you took oaths to protect," said Matthew Haynes, owner of the Club Q nightclub in Colorado Springs, Colorado, where five people were killed and 22 wounded in a mass shooting last month. Michael Anderson told lawmakers he was bartending at Club Q, when the gunman entered the nightclub and began shooting. There have been 628 mass shootings across the United States so far this year, according to the Gun Violence Archive. Brandon Wolf, an activist and survivor of the 2016 Pulse nightclub shooting in which 49 people were killed and 69 wounded, told the hearing.
But the legislation is also rankling court watchdogs who contend the bill could complicate efforts to scrutinize the judicial branch for ethics issues. The bill does not displace the ethical disclosure requirements judges already face, the congressional aide noted to CNN. And it extends the threat-monitoring programs that are being offered to Article III judges to administrative judges as well. Now that the bill has been added to the National Defense Authorization Act, a massive defense package that Congress passes annually, Paul’s options for scuttling it are limited. “Because, if I am sued, someone is going to be bringing it to a federal judge.
In their appeal to the Supreme Court, the Republicans argued that North Carolina's top court usurped their authority by throwing out the map. In that context - a fight over counting ballots in Florida - Rehnquist said the U.S. Constitution limits the authority of state courts. "This court has never second-guessed state court interpretations of their own constitution," said Katyal. Thomas Wolf, an attorney at New York University School of Law's Brennan Center for Justice, said if the Supreme Court gives itself too much leeway to intervene in state court disputes, it risks appearing politically motivated and lawless. The Supreme Court's ruling is due by the end of June.
The records, a series of state tax lien notices from the last two years, show the state of California claiming that Yeezy Apparel, a company managed and reportedly owned by Ye, owes over $600,000 in unpaid tax debt. Four tax law experts said the amount owed by Yeezy Apparel is significant and could be a sign of deeper issues at the company. “Multiple California tax liens, adding up to $600,000, that’s certainly a sign of either extreme incompetence or extreme cash problems,” said USC Gould School of Law Professor Edward McCaffery, who specializes in tax law. Yeezy Apparel has been operating in California since 2017, according to public California business records, and was recorded as being active and in “good” standing in an annual filing in January. “Tax lien indicates that the state maintains that a debt is owing to the state,” LoPucki said.
First Amendment rights do not extend to threats of violence and voter intimidation. A great deal of the attention has been on ballot drop boxes. There has been no indication of any widespread fraud through the use of ballot drop boxes. Nonetheless, conspiracy theories about the drop boxes have continued to circulate, fueled in part by a widely debunked film by Dinesh D’Souza, “2000 Mules,” which uses false and unproven claims to try to show drop boxes being used for fraud. Reporting by NBC News shows that ballot drop box conspiracies have flooded Trump’s social media website, Truth Social, and that has led to organizing on the ground, including in places like Arizona.
Seaton showed his state ID. “So I expect that we’re going to hear more stories of trans people being harassed, whether by voters, poll workers, poll monitors or other folks who are present during the election.”Impact of voter ID laws on trans votersVoter identification laws differ widely by state. Eight of those states have strict photo ID laws. Since the 2020 election, 12 states have enacted new or stricter voter ID laws, according to VoteRiders, a nonpartisan voting rights organization. In the 15 states without ID laws, voters’ identities are usually verified by checking them against their voter registration information, according to the National Conference of State Legislatures.
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