Dozens of Medicaid-funded social adult daycare centers are packed into one New York City neighborhood, a CBS News data analysis has found. And national investigative correspondent Tom Hanson learned federal authorities are looking into possible fraudulent activity at some facilities across New York state. Source link
A tax strategy known informally as “buy, borrow, die” is the latest flashpoint in the debate over wealth inequality after California Gov. Gavin Newsom last week called on lawmakers to eliminate what he describes as a loophole for the ultra-rich. The strategy gets its name from what boils down to a three-step approach to lowering taxes. First, … Read more
Madisonian democracy is designed to avoid the concentration of political power, not wealth. Source link
NEWYou can now listen to Fox News articles! FIRST ON FOX: California motorists are set to pay even more at the pump starting Wednesday as another gas tax increase takes effect, prompting some of the state’s Republican lawmakers to warn that added costs will further squeeze residents already shouldering some of the highest fuel prices … Read more
Gavin Newsom calls for national tax on billionaires – CBS News Watch CBS News California Gov. Gavin Newsom called for a national tax on billionaires. Democratic strategist and former Biden adviser John McCarthy and Republican strategist T.W. Arrighi return to “The Takeout” to discuss. Source link
The new Illinois budget imposes multiple new digital levies. Source link
President Trump is threatening to impose a 100% tariff on countries that levy a tax on U.S. companies offering digital services. In a social media post on Friday, Mr. Trump pointed to European countries considering implementing a so-called “digital services tax,” which are aimed at companies that do business in a country but lack a … Read more
CA billionaire tax faces legal challenge, Newsom opposes it FOX Business Host Cheryl Casone reports on California’s controversial billionaire tax, a one-time 5% levy on residents worth over $1 billion. This measure, which would retroactively apply from January 1, 2026, is opposed by Gov. Gavin Newsom. Critics question its legality and potential for billionaires to … Read more
WASHINGTON — President Donald Trump on Friday threatened a 100% tax on imports from any country that imposes a tax on digital services from United States companies. In a post on social media, Trump took aim at European countries that he said are discussing “imminent” implementation of taxes on American companies. “Please let this statement … Read more
California Gov. Gavin Newsom is calling for a national minimum tax on billionaires and a federal fund that would give every American a stake in the wealth created by artificial intelligence, laying out a populist economic agenda in an essay published Friday on Substack. At the same time, Newsom, who is mulling a 2028 White … Read more