The cryptocurrency world is rapidly evolving, with new developments emerging almost daily. However, America is in danger of falling behind its global competitors, according to Coinbase Chief Legal Officer Paul Grewal. During Thursday’s hearing of the House Subcommittee on Digital Assets, Financial Technology, and Inclusion, Grewal emphasized the importance of the crypto industry while accusing…
America Is Losing the Crypto Space-Race, Interests Argue Over How to Regulate
West Virginia Passes Law Restricting ‘Substantial’ Government Intervention in Religious Freedoms
Jim Justice, the Republican Governor of West Virginia, has signed into law a bill seeking to protect religious freedoms from unnecessary government interference. The “Equal Protection for Religion Act” was passed in the Republican-led Senate by a vote of 31-3 last week and signed into law by Justice on Thursday. The bill (pdf) prohibits the…
Six Major Changes Made by IRS for 2023 Tax Season
Tax year 2022 saw multiple changes made by the Internal Revenue Service to tax limits, credits, standard deductions, and so on. With the deadline for filing returns fast approaching, here is a list of some of these changes. Marginal Tax Rates The IRS slightly changed tax brackets for the 2022 tax year. The top tax…
Higher Corporate Taxes Are Needed for Investing in Economy, Janet Yellen Says in Post-Budget Hearing
Raising the U.S. corporate tax rates is crucial for investing in the national economy and ensuring that the country is competitive in a global marketplace, Treasury Secretary Janet Yellen told Congress one day after the White House released its budget. President Joe Biden unveiled the fiscal year 2024 budget on Thursday, proposing a 28 percent…
GOP Congressmen Seek Federal Law to Override California’s Gas-Powered Vehicle Ban
Republican congressmen filed legislation March 8 to prevent states like California from banning the sale of gas-fueled cars and light trucks. The “Preserving Choice in Vehicle Purchases Act”—introduced by Reps. John Joyce of Pennsylvania, Bob Latta of Ohio, Gus Bilirakis of Florida, and Jay Obernolte of California—would restrict the Environmental Protection Agency (EPA) from issuing…
Group Withdraws Federal Suit Challenging San Diego’s No Exemption Student Vaccination Mandate
A federal lawsuit challenging San Diego’s mandate requiring COVID-19 vaccinations for students as discriminatory is poised to be formally dismissed after the Supreme Court of California struck it down last month. The San Diego Unified School District (SDUSD) was one of the few in the United States that required students to receive the vaccine for…
Did Generous Pandemic-Era Benefits Reduce Labor Force Participation?
Experts say and studies suggest that generous federal pandemic unemployment benefits reduced the U.S. labor participation rate, contributing to business difficulties in finding workers. The U.S. Bureau of Labor Statistics (BLS) noted a decline in the workforce participation rate through 2021. The BLS cited a study released by the Federal Reserve Bank of Chicago, “Has the Willingness to Work…
Walmart’s Exodus From Portland Draws Attention to Retail Crime and a Troubled City
Walmart announced in February that it will close its last two stores in the city of Portland, Oregon, by March 24. Though the retailer did not say whether relentless shoplifting was a factor in shuttering the locations, Walmart CEO Doug McMillon warned last year that an uptick in retail theft could lead to store closures…
LIVE NOW: Is the White House Backing Efforts to Topple Foreign Leaders?
Demonstrations in Israel are designed to bring down the government, and the Biden administration is behind the scenes, funding the protestors. Israel is a U.S. ally, but the White House wants a different man in charge. So the Biden team is deploying the same tools and tactics it used to target its domestic opposition. …
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LIVE 11 AM ET: Is the White House Backing Efforts to Topple Foreign Leaders?
Demonstrations in Israel are designed to bring down the government, and the Biden administration is behind the scenes, funding the protestors. Israel is a U.S. ally, but the White House wants a different man in charge. So the Biden team is deploying the same tools and tactics it used to target its domestic opposition. …