Tag: economy
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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.
Fed’s Powell downplays delta variant’s threat to the economy
The spread of the COVID-19 delta variant is raising infections, leading some companies and governments to require vaccinations and raising concerns about the U.S. economic recovery.
Everything to know about California’s June 15 reopening, from capacity limits to the mask mandate
On June 15, California plans to "fully reopen" its economy. What exactly does that mean? We break down everything you need to know.
California urges people to vacation in state, boost tourism
SAN FRANCISCO (AP) — California tourism leaders are urging residents to spend their pent-up travel dollars exploring their home state, as coronavirus case numbers stay low and the industry reels from a 55% decline in revenue.
UN chief urges wealth tax of those who profited during COVID
Secretary-General Antonio Guterres declared Monday that the world’s failure to unite on tackling COVID-19 created wide inequalities, and he called for urgent action including a wealth tax to help finance the global recovery from the coronavirus.
