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EXPLAINER: What’s a ‘wealth tax’ and how would it work?
To help pay for his big economic and social agenda, President Joe Biden is looking to go where the big money is: billionaires. Biden never endorsed an outright “wealth tax” when campaigning last year. But his more conventional proposed rate hikes on the income of large corporations and the wealthiest Americans have hit a roadblock.
Pig-to-human transplants come a step closer with new test
Scientists temporarily attached a pig’s kidney to a human body and watched it begin to work, a small step in the decades-long quest to one day use animal organs for life-saving transplants.
As Bitcoin goes mainstream, Wall Street looks to cash in
Love cryptocurrencies or hate the very idea of them, they’re becoming more mainstream by the day.
Cryptocurrencies have surged so much that their total value has reached nearly $2.5 trillion, rivaling the world's most valuable company, Apple, and have amassed more than 200 million users. At that size, it’s simply too big for the financial establishment to ignore.
Biden focuses on climate, families in trimmed $2T plan
Scaling down his “build back better” plans, President Joe Biden has described a more limited vision to Democratic lawmakers of a $2 trillion government-overhaul package with at least $500 billion to tackle climate change and money for middle-class priorities — child tax credits, paid family leave, health care and free pre-kindergarten.
Groups want US to suspend oil leases off California coast
A group of environmental organizations is demanding the Biden administration suspend and cancel oil and gas leases in federal waters off the California coast after a recent crude oil spill.
