Democrats at odds over SALT changes

This post was originally published on this siteDemocrats in the House and Senate are clashing over how to address a tax break that has a disproportionate impact on a number of blue states.Democratic lawmakers in both chambers want to make changes to the $10,000 state and local tax (SALT)…

Businesses left in limbo on COVID-19 mandate

This post was originally published on this siteBusinesses are in limbo after a federal court halted the Biden administration’s vaccine-or-test mandate for private employers.  Employers are preparing to enforce the Occupational Safety and Health Administration’s (OSHA) rule, which would…

U.S. Inflation Likely Reached 30-Year High in October

This post was originally published on this siteEconomists expect the Labor Department to report that the consumer-price index rose 5.9% last month amid pandemic-related supply shortages and continued strength in consumer demand.

Jobless Claims Likely Continued Downward Trend

This post was originally published on this siteEmployers are holding on to their workers while struggling to hire more as prime-age workers’ participation in the labor market remains below pre-pandemic levels.

The super rich push back against calls for a wealth tax

This post was originally published on this siteDuring the pandemic U.S. billionaires saw their wealth increase by more than $1 trillion. That’s leading to calls for a wealth tax. But the super rich, including Elon Musk, are pushing back.

Nearly 1 million kids ages 5-11 will have their first COVID shots by the end of today

This post was originally published on this site About 3% of children in the age group authorized last week to get a low-dose vaccine will have their first shots by Wednesday, according to the White House. (Image credit: Jae C. Hong/AP)

Inflation Sped up in October, Economists Expect

This post was originally published on this siteAfter moderating slightly in recent months, inflation is forecast to pick up again. That is bad news for President Biden and the central bank.

Biden hits the road with Baltimore port stop to tout infrastructure win

This post was originally published on this siteThe president was expected to use his visit to the Baltimore port on Wednesday to highlight what is to come with further investment in the country’s shipping infrastructure.

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