Janet Yellen says critics of Biden's tax hikes are asking the wrong question
CNN
Doctors follow the Hippocratic oath: do no harm. The architects of President Joe Biden's tax increases took a somewhat different approach.
They want some proposals, like the elimination of fossil fuel subsidies, to harm particular economic activities. They accept that higher corporate taxes will reduce the profitability of business investments, and may even preclude the most marginally profitable ones. What Biden's brain trust wanted to ensure is that the negative effects of tax hikes on business and the wealthy don't offset the economic benefits of what they finance: new spending on education and infrastructure and big tax benefits for less-affluent families. Backed by some independent analysts, they believe they've succeeded.
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In the year 1998 – when Bill Clinton was president, most households still had landline phones, and CNN’s website looked like this – Gallup and USA Today called up 1,055 Americans on those landlines and asked them for their best predictions about a year in the distant future: 2025.
Repeatedly this year, Prime Minister Benjamin Netanyahu has flown to the United States to praise President Donald Trump as Israel’s greatest champion — and to quietly press him on taking more aggressive action against Israel’s enemies.
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(CNN) — One person was killed and another was left critically injured after two helicopters crashed in southern New Jersey on Sunday, officials said.
Pipe bomb suspect told FBI he targeted US political parties because they were ‘in charge,’ memo says
The man accused of placing two pipe bombs in Washington, DC, on the eve of the January 6, 2021, riot at the US Capitol told investigators after his arrest that he believed someone needed to “speak up” for people who believed the 2020 election was stolen and that he wanted to target the country’s political parties because they were “in charge,” prosecutors said Sunday.
The train’s main line only came into service in 2023, under a new program aiming to create an alternative to the Panama Canal.
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More than 30 million people are under winter weather alerts across the Midwest and Northeast early this week with another storm threatening to upend travelers’ plans on what is expected to be one of the busiest travel days this holiday season.
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A Cuban immigrant who had built a new life working at a Kentucky scrapyard died on Christmas Day from severe burns suffered in last month’s UPS cargo plane crash, raising the death toll to 15, officials said.
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